We want to empower our clients with useful financial and business resources. In this section you will find tools and information to make impactful financial decisions. The resources here will be helpful in business and your every day life.
To help you get your documentation prepared for your individual tax return.
A selection of helpful calculators to help you stay on top of your finances.
Our Vlog will keep you up-to-date on important business topics.
A quick reference guide for key ATO due dates.
How can small businesses compete with the big chains?
How can your small business compete with the big multinationals? Here’s how to maximise your boutique appeal to retain existing customers and draw in new ones. Read More…
Dealing with uncertainty – tips for business owners
Inflation may be down, but there’s still real uncertainty for business owners. So how do you get more clarity for your future plans? Read More…
Christmas Parties and Gifts that are FBT Free
Christmas is just around the corner, many businesses are planning end of year functions and gifts for employees and valued clients. There are a number of tax implications that need to be considered. Read More…
Planning for seasonal dips in income
Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. Read More…
When should your business be passed to the next generation?
You’ve spent a lifetime building up your family business, growing the company and creating a lasting legacy for your nearest and dearest. What are the signs that it’s time to step down? And what’s the best time to put your succession plan into action and to pass the reins to your successor? Read More…
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How to add value and secure your future when selling your business
Thinking of selling your business? It’s vital to plan ahead and to add value to the company, prior to a sale. Here are five key areas of value to focus on as part of your exit strategy. Read More…
Key numbers to focus on in your business now
For many businesses, priorities have changed, customer behaviours have mutated, and revenue streams have had to evolve and pivot to maintain a profitable business model. Read More…
Keeping your tax and expenses in check when you are self-employed.
Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks. Read More…
The ATO's top tips for running a small business
The ATO has set up a new advice portal for small business owners, giving you tips and advice on your finances and business taxes. Read More…
Your employees have the right to disconnect
Did you know your employees now have a legal ‘right to disconnect’ from after hours work calls and emails? Read More…
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In honor of Scam Awareness Week, please find five tips and resources to help you, and your small business stay vigilant against scams and boost your cybersecurity. Read More…
6 Powerful Reasons to Watch your Financial Reports
Making time to look over your financial reports each month is an important task for any business owner. We have 6 reasons why we recommend you should start. Read More…
Are you meeting your SMSF Governance Requirements?
Opting for a self-managed superannuation fund (SMSF) may give you more control over your investment strategy and allow you to be more agile as a fund in the market Read More…
Do you have a plan for where you are heading with your business? It is never too early to think about your exit strategies. See our latest blog for ideas to start your planning. Read More…
8 ways to save time (and money) in your business
When time really is money, it’s worth finding ways to reduce tedious and repetitive admin tasks – and better tech is usually the answer. Ready to automate jobs, digitise data and free up time? We can help. Read More…
Xero Health Check: Ensure Your Financial Year Starts Right
As we head into the new financial year, it's the perfect time to review your Xero file. Xero is a fantastic business tool and can be easy to navigate, but with so many responsibilities as a business owner, things can slip through the cracks. Read More…
Congratulations Gillian and Katy
We are delighted to announce the promotion of two of our senior team, Gillian Hayward and Katy Day, to Directors of WDF Accounting + Advisory, effective 1st July 2024. Read More…
DIY Accounting vs Hiring an Accountant
From spreadsheets to strategies: Discover if DIY accounting or hiring pro suits your business best! Read More…
What are your business goals for the year ahead?
The beginning of a new financial year is quickly approaching. What will you do differently this year to enable your business to thrive? Here are a few ideas to inspire your business planning for a positive start to the year! Read More…
A solid budget is the foundation for your company’s financial management and success. Here are 4 ways to stay in control of your business budgeting! Read More…
2024-25 Federal Budget Highlights
The 2024-25 Federal Budget is out! We’ve highlighted what you need to know for your financial year ahead… Read More…
Embracing the AI-Human Synergy
The emergence of AI-driven tools like OpenAI's ChatGPT has captured significant attention, particularly regarding their potential to streamline internal operations and bolster employee productivity. However, amidst this technological surge, does the ascent of AI foreshadow the redundancy of human staff? Read More…
Your guide to claiming working from home expenses for 2023-24 income year
Tax time 2024 is fast approaching and with many individuals still working from home partially or completely, this quick guide can assist you with completing the calculations for claiming the deduction. Read More…
Digging Deeper into Cloud Accounting
Using your cloud accounting software to just do the bookkeeping barely scratches the surface. Continue reading to find out how you can get more out of the cloud! Read More…
10 Steps to Business Continuity Planning
‘Business continuity’ is the process of planning out how your company can continue trading – when disaster hits. Keep reading to find out our top 10 steps to business continuity. Read More…
Are you hiring the best talent for your business culture?
Are you hiring the best talent for your business culture? When hiring a new starter, it is critical to assess that they will fit seamlessly into your business culture… Here’s 5 ways to make sure your next hire is a perfect fit! Read More…
Are you making the most of your business data?
Your app stack generates a goldmine of insightful data everyday. Are you getting the most out of what your data can provide for you? Read More…
Thank you Wagga Wagga & Riverina! We were able to successfully raise over $50,000 in funding for our three local non-profits at this year's Pitch Up Wagga Wagga. Read More…
Bookkeeping is a fundamental part of the financial process for any business. Without it, your accounting software has no data to work with. Keep reading for some tips to maximise your bookkeeping. Read More…
Lodge your overdue TPAR now to avoid penalties
The ATO is reminding businesses to lodge any overdue taxable payments annual reports for 2022-23 or prior years by 22 March to avoid being penalised. Read More…
Five Steps to Better Cash Flow
To maintain a healthy cash flow, you need more than just strong revenue. Improve your small business cash flow by implementing five simple rules. Read More…
How to prepare your business for an audit
Carrying out an audit of your business finances is a mandatory requirement for many companies. Read More…
Review your expenses - and save yourself money
Spend management is all about getting in control of your expenses – and, where possible, aiming to reduce the level of costs and overheads that you incur as a company. Read More…
Riding the waves of technological advancements
Technology is changing how we do business, adopting and integrating these new technologies is essential if you want to remain competitive. Read More…
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Tax planning helps you do more with your money
Tax may be boring, but smart use of tax planning is a superb way to help you do more with your money. Read More…
Using testimonials and case studies to boost your business
You can spend all day telling people how wonderful and great your product or service is, but what they really want is proof. Ask your most loyal customers to send you a short statement on why they chose you, or what they like about your product or service. Read More…
Owning vs Renting your commercial premises for your business.
Are you tired of paying rent for your commercial premises and are considering buying property for your business? Owning a building works best if your business is well-established, you have money to invest, and you are taking a long-term approach. Read More…
Finding and retaining key talent for your business
Globally, 4 in 5 employers report difficulty finding the skilled talent they require. So, how do you find the people your business needs? Keep reading for five ways to maximise your prospects of finding the talent you need. Read More…
Setting goals for you and your business in 2024
With the new year comes new year’s resolutions. Whether you aim to grow your business or create more personal time, having a clear vision and actionable goals can help you achieve your long-term plans. Here are some tips to get you started. Read More…
We know how busy December gets for everyone, and it is no different at WDF. We make sure we find time to celebrate the year as it draws to a close. Read More…
Discover the untapped potential of Instagram for your business
From creating eye-catching content to using hashtags effectively, this guide will help you build an impactful presence on Instagram. Read More…
Holiday Cashflow for Your Small Business
As the holiday time of year approaches, it can be hard on small business. Is your business cashflow in good health to carry you through? Keep reading for tips to minimise the stress of cashflow over a holiday period so you can have a well deserved break. Read More…
Rules and entitlements during the end-of-year holiday season
As we head into the summer holiday period, we have some tips to help you navigate the sometimes confusing rules on entitlements for public holidays, shutdowns and leave provisions. Read More…
Next-Level Business Support: WDF now offers HR Services to further support you
As a business owner, you know best of all that running a business is like juggling a dozen balls at once. As your business grows, so do your HR needs. Now WDF can help with your HR requirements. Read More…
10 questions to ask yourself as a business owner
Do you want to take your business to the next level? Here are 10 questions to ask yourself as a business owner to help position your drive to growth and success. Read More…
Christmas Parties, Gifts and FBT
The countdown to Christmas and the end of year is on. Make sure to consider tax implications as you plan your business end of year function and gifts for employees and valued clients. Read More…
Every Business Starts with an Idea
Every business starts with an idea. It might be a crazy concept that’s never been done before or a twist on a common product or service. It might be something everyone will want, or it might fill a tiny niche in the market. There’s no single way to find the best business idea – it’s about finding the one that suits you best. So how do you do that? Read More…
Top tips for building a strong company culture
No doubt we’ve all experienced working in ‘good’ places and ‘not-so-good’ places. The work environment is one of the top reasons people leave their jobs. There are a lot of good business reasons to focus on creating a positive culture in your company. Keep reading for tips on how to develop and maintain a good company culture. Read More…
Understanding Your Profit and Loss Statement
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. Learning about the relationship between costs and revenue can assist you in making better business decisions. Read More…
Positive cashflow is integral to running a successful business. Here is our guide to understanding cashflow and how to get in control of your cashflow position. Read More…
Demystifying the PAYG Instalment System
Navigating the Australian tax landscape can be a complex endeavor, but understanding the intricacies of the PAYG Instalment System can make the process much smoother. Read More…
Avoid ATO's Increased Tax Penalties
After a recent increase in ATO penalty rates in January 2023 and July 2023, this can now mean that if you fall behind on your tax lodgments you can expect the financial penalties to increase substantially. Read More…
We were thrilled to be awarded the Wagga Business Chamber's Golden Crow award for 2023 as well as winning the category of Employer of Choice. Read More…
5 Questions to ask when you are buying a business
Purchasing an existing company is a great way to expand your business empire. Whether this is buying out a competitor or dipping your toe into a new industry it is important to make sure you ask all the right questions before going ahead. Read More…
Tips for Improving Inventory Management
Managing your inventory to have the right products at the right time for your customers is critical in retail. Keep reading our blog for tips on product sourcing, tracking metrics and other key areas. Read More…
At the start of each financial year we take a day out as a firm to plan for the year ahead and have a little bit of fun. Read More…
Tax Tips for Self-Managed Superannuation Funds
SMSF management can be time consuming and complicated. It's important to get your deductions and record keeping correct for the SMSF audit process and tax return. Read More…
Fringe Benefits Tax and Business
Benefits provided to employees or their associates in addition to salary or wages are known as fringe benefits. These benefits are paid for by the employer from pre-tax earnings, making the provision of benefits attractive to employees. Read More…
Are you making the most of allowable tax deductions? We'll help you understand what you can claim. Read More…
In business, having the right people around you is so important. With the new financial year having just begun, now is the perfect time to plan for the future and assemble the team around you to help you achieve your goals. Read More…
Introducing our HR Partner Service: Empowering Your Business Growth
As a trusted provider of accounting and business advisory solutions, we are excited to expand our services and offer a suite of HR support. Our dedicated HR service provides you with the support you need to focus on your strengths while we handle a range of HR matters for you. Read More…
The true cost of a new employee
The cost of replacing an employee can be high. When you calculate pay rises, make sure you are considering industry salary norms, inflation, the value your employee brings and the cost of replacing the person if they left your business. Read More…
Take care of yourself, not just your business
53% of business owners suffer from stress and anxiety. So what can you do to take care of your own mental health and work mindfulness into your usual life routines? Read More…
Fair Work Commission Wage Review
On 2 June, the Fair Work Commission announced its annual wage increase. The increase applies from the first full pay period starting on or after 1 July 2023. Read More…
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From 13 September 2023, the price of Xero Business plans in Australia is changing. Read more about detailed pricing changes. Read More…
With the popularity of this non-traditional currency on the rise, its important to understand that there are tax obligations associated with acquiring or disposing of cryptocurrency. Read More…
Is your business planning leading you down the right path?
As a business owner, part of your job is to guide the course of the organisation and provide the roadmap for success. We've highlighted five important elements that you need to focus on in your forward planning. Read More…
Trust management can be complex. Whether you have a trust set up for investment or business purposes, there are some common elements to getting ready for the trust’s tax return. Read More…
ATO’s crackdown on residential investment property loans and tax compliance
The ATO has announced the commencement of a new data matching program for property investors which involves obtaining data from various financial institutions. Among other things, the information collected will include loan details and borrowing costs. Read More…
2023 Federal Budget - $20,000 Small Business Instant Asset Write-Off
The 2023 Federal Budget announced a $20,000 instant asset write-off for small business allowing those with aggregated annual turnover of less than $10 million to immediately deduct eligible depreciating assets costing less than $20,000. Read More…
2023 Federal Budget – Summary of Superannuation Changes
The 2023 Federal Budget announced a number of key changes relating to superannuation. Read more here. Read More…
The Ultimate Balancing Act: Work - Life Balance
Do you stress about your work/life balance - a little stress can actually be good for you as long as you keep it within bounds. Read More…
Why your accountant is the mentor you didn’t know you needed
A business mentor can provide guidance and support to enable you to make the right decisions, and to help you stay focused on the end goal as a business owner. But have you ever thought of your accountant as a mentor? Read More…
How to Claim for Working from Home Expenses
As working from home is becoming more common, it's important to consider the deductible expenses that may be claimed in your tax return. Read More…
Super Guarantee Rate Rise in July
The super guarantee rate will rise in July this year to 11%. Have you calculated the extra cost to your business? This rate increase may also affect salary packages. Prepare for this extra cost now so you don’t get caught out. Read More…
Understanding the Basics of Business Taxes
In business, there are many taxes to understand and navigate. The different business structures will mean taxes are paid in different ways. We'll help you manage and plan for the relevant taxes your business will need to pay, and we’ll claim the right tax concessions. Read More…
Digital Signatures and Cyber Security
Did you know that authenticated digital signatures can be more secure than handwritten ones? However, not all digital signatures have the same level of verification and cyber safety and it's important to understand the differences. Read More…
We proudly hosted Wagga's first Pitch Up Wagga Wagga. A live crowdfunding event on 30 March raising more the $70,000 for three local organisations making positive change for people in our community. Read More…
Getting Your Bookkeeping Ready for a Digital Future
Keeping up-to-date records of your business transactions may not be the most glamorous part of being a business owner and entrepreneur. But here's why digital bookkeeping is the way forward for any serious business in 2023. Read More…
Invest in your employees to get the maximum benefits from remote working
Remote work has become increasingly popular over recent years. Many companies now offer their employees the ability to work from home or other external locations. Maximising remote working strategies can lead to increased employee engagement. Read More…
Which is more important? Cashflow or profit?
Which is more important? Cashflow or profit? We’ll explain why getting in control of your cash is vital for the stability and continued success of your business. Read More…
Building Your Network to Create Business Development Opportunities
Building genuine networks can bring so much value - sharing ideas and learning from each other. They can broaden your horizons and may lead to new and innovative business opportunities. Read More…
New Accountability measures proposed for ABN Holders
Newly Introduced accountability measures for ABN holders means your ABN may be cancelled if you have 2 or more outstanding income tax returns for income years. Read More…
Get on Top of Your Cyber Security
As businesses becoming increasingly reliant on technology and digital systems, cyber security risks also increase. We outline a number of strategies to start you on the right path of mitigating your cyber risks. Read More…
Shared Equity Home Buyer Helper
The NSW Government is launching an initiative to make home ownership more achievable for single parents, older singles and key worker first home buyers. Read More…
Getting your pricing strategy right is a critical part of business. Finding your pricing sweet spot can take time. Keep reading for five signs that you might be undercharging. Read More…
Expand the Skill-Set of Your Business
An investment in employee development is an investment in the future of your business. It’s also a sign that you want to support the careers and progression of your people. Read More…
Business Plant and Equipment: Buy or Lease
When your business needs new plant or equipment, what’s the best choice – buy or lease? There are some basic considerations that can help you weigh up the options. Read More…
Thanks to compound interest, a little can go a long way. The earlier in your working life you start paying attention to your superannuation, the better off you will be at retirement. Most importantly, it's never too late to take action to grow your super! Read More…
Building Resilience in Your People and Yourself
Having a healthy workplace that support mental health and builds resilience is a win-win for employers and employees. Keep reading to look at ways leaders and managers can take steps to care for wellbeing and mental health in the workplace, support employee wellbeing, and build an open and supportive company culture. Read More…
We've been enjoying some fun times together as the year comes to a close. Check out the amazingly creative Christmas cubicle decorating that our teams have produced! Read More…
Digital Payroll for Your Agribusiness
The Fair Work Ombudsman and the Australian Taxation Office are actively investigating agribusinesses payroll records. If you are currently managing your farms payroll on a spreadsheet or paper-based records it may be time to convert to digital records. Read More…
Check Your Business Performance Benchmarks Against the ATO Small Business Benchmarks
Each year the ATO publishes industry-based data to highlight specific ratios of financial and other types of performance. Comparing your business performance against these benchmarks can be a useful exercise to see how your business is performing. Read More…
New Paid Family and Domestic Violence Leave
The Australian Government has introduced paid family and domestic violence leave for all employees. Next year, employees will be able to access 10 days of paid family and domestic violence leave in a 12-month period. This includes casual and part-time employees. Read More…
Is Your Business Focused Enough on Cyber Security
Keeping your data safe can be a big worry for Australia's digital businesses. Recent high profile data breaches have put the spotlight back on cyber security. Now's the time to get your cyber security reviewed, updated and tightened. Read More…
Bookkeeping for the Construction Industry
The building and construction industry is complex and has been hit hard recently. Getting the right administrative tools and software can ease the pressure that many are facing. Read More…
The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government's first Federal Budget on 25 October 2022. Here are the highlights of some of the tax and accounting measures announced. Read More…
Scaling Up Your Business and Workforce
Is your business ready to scale up? Have you prepared with a viable scale-up plan with costings and budgets and achievable targets to meet? Read More…
The income test to qualify for the Commonwealth Seniors Health Card will increase to $90,000 a year for singles (up from $57,761) and to $144,000 a year for couples (up from $92,416). Read More…