Wilson Duong

Wilson Duong CA MBA + 30 years experience. 20+ years in large corporates. Passionate about bringing big business financial management to small business.

End of Financial Year Tips | Wilson & Assoc Chartered Accountants

End of Financial Year Tips

As year-end approaches, there is a small window for small businesses to get their finance in order, optimise their tax and plan for the next year. In this article, we take a closer look at five things you can do to get your finance and tax in top gear

Federal Budget 2023 Snapshot | Wilson & Assoc Chartered Accountants

Federal Budget 2023-24 Snapshot

• Surplus of $4.2 billion for current financial year
•. Deficit of $13.9 billion expected in 2023-24
•. From 1 July 2026, employers will be required to pay superannuation on payday, rather than quarterly

Federal Budget 2023 Breakdown | Wilson & Assoc Chartered Accountants

Federal Budget 2023 Breakdown

High commodity prices and a strong labour market have delivered stronger revenues and enabled the Federal Government to post the first budget surplus in 15 years while also funding key programs and cost-of-living relief.

Federal Treasurer Dr Jim Chalmers forecasts a surplus of $4.2 billion – or 0.2 per cent of GDP – in 2022-23, an improvement of $41.1 billion on last year’s October budget.

STP2 | Wilson & Assoc Chartered Accountants

Are you STP 2-ready?

Single-touch-payroll or STP is monthly online payroll submission directly from payroll software to replace annual manual payroll reporting. Phase 2 requires all businesses to start submitting payroll data by the 31st of March 2023.