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WDF Accounting + Advisory

Name: WDF Accounting + Advisory
Address: 135-137 Peter Street, Wagga Wagga, NSW, 2650, AU
Telephone: 02 6921 5444

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Wagga Wagga, NSW
WDF Accounting + Advisory

We don't just crunch numbers and put figures in boxes, we provide a carefully researched and tailored accounting solution that suits all of our clients.

16/06/2026

𝘾𝙤𝙪𝙣𝙩𝙞𝙣𝙜 𝘿𝙤𝙬𝙣 𝙩𝙤 𝙀𝙊𝙁𝙔

The end of the financial year is fast approaching, with 30 June just around the corner. Here are a few things you might be considering ahead of 30 June:

- Instant Asset Write-Off: If you are a small business planning to purchase eligible assets costing under $20,000 and claim a tax deduction this year, ensure the asset is "first used or installed ready for use" by 30 June.

- Super Contributions: If you are considering making personal superannuation contributions and claiming a tax deduction, the funds need to be received by your super fund by 30 June.

- Stocktake: Plan your end-of-year stocktake for the close of business on 30 June.
If you would like to discuss what actions might be appropriate for your situation before 30 June, please reach out to the WDF team – we would be happy to help.

05/06/2026

𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄 𝗮𝗻𝗱 𝗖𝗼𝘀𝘁 𝗖𝗼𝗻𝘁𝗿𝗼𝗹
Regular cash flow forecasts help you keep your focus. If you can't reach your targets for income, reining in your costs may give you a little extra headroom to manage cash flow while you plan your next move. Read our latest Business Blog for more information https://www.wdf.com.au/resources/business-blog/cash-flow-and-cost-control/

02/06/2026

From 1 July 2026, a new tax (Division 296) will apply to reduce concessional tax rates on superannuation earnings above $3 million.

Currently, income earned on superannuation balances is generally taxed at a rate of up to 15%. From 1 July 2026, individuals who have a total superannuation balance above $3 million will be subject to a higher tax rate on earnings in their superannuation accounts.

Balances between $3 and $10 million will be effectively taxed at 30% on the percentage of earnings between $3 and $10 million; and balances above $10 million will be effectively taxed at 40% on the percentage of earnings that exceeds $10 million.

The ATO will notify any individuals who are liable to pay any Division 296 tax, with them given the option to either pay the tax directly or release the appropriate amount from their super fund. As Division 296 only applies from 1 July 2026, the first notices of assessment aren’t likely to be issued until the 2027-28 financial year.

𝗪𝗶𝗹𝗹 𝗗𝗶𝘃𝗶𝘀𝗶𝗼𝗻 𝟮𝟵𝟲 𝗮𝗽𝗽𝗹𝘆 𝘁𝗼 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲?
In short, no. This new measure is expected to affect less than 0.5% of Australians with superannuation accounts in 2026-27; with the higher 40% rate for balances above $10 million estimated to affect less than 0.1% of Australians with superannuation accounts. This means that those with super balances lower than $3 million will keep being taxed on their super earnings at the current concessional rate of 15% (i.e. there is no change to current tax arrangements).

𝗪𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝗶𝗳 𝗺𝘆 𝘀𝘂𝗽𝗲𝗿 𝗴𝗿𝗼𝘄𝘀 𝗼𝘃𝗲𝗿 𝘁𝗶𝗺𝗲?
Both the $3 million and $10 million thresholds will now be indexed to the Consumer Price Index (CPI) each year. This means the application of Division 296 should remain relatively limited, even if your superannuation balance increases.

𝗪𝗵𝗮𝘁 𝗶𝗳 𝗜 𝗮𝗺 𝗮𝗳𝗳𝗲𝗰𝘁𝗲𝗱 ?
If you’re in scope of Division 296 or expect to have a super balance above $3 million in the future, there are a few actions you can take ahead of 1 July. For one, you may want to speak to a qualified financial adviser to review your investment mix. You might also consider showing how Division 296 is expected to impact your super balance over the long term.

27/05/2026

𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝗶𝘁’𝘀 𝗻𝗼𝘄 𝗲𝗮𝘀𝗶𝗲𝗿 𝘁𝗼 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗸𝗲𝗲𝗽 𝘆𝗼𝘂𝗿 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝘀𝗮𝗳𝗲 𝗼𝗻𝗹𝗶𝗻𝗲?

The ATO App has introduced a new security feature called Verify a Call, and we strongly encourage you to get familiar with it.

Getting started is simple:
1. Download the ATO app
2. Register your device

Once set up, this feature helps you confirm whether a phone call claiming to be from the ATO is genuine or a scam. Here’s how it works:
- Open and login to the ATO App
- Select Verify Call
- You will then receive confirmation within 30 seconds
No verification? Hang up. It’s that simple.

Stay one step ahead of scammers and keep your tax and personal information secure.

14/05/2026

𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟲–𝟮𝟳. 𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝗱 𝗧𝗮𝘅 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 – 𝗘𝗮𝗿𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 (𝗦𝘂𝗯𝗷𝗲𝗰𝘁 𝘁𝗼 𝗟𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝗼𝗻)
The Federal Budget was handed down on Tuesday night, announcing a number of significant proposed tax changes affecting capital gains tax (CGT), property investment, trusts, and small business. Read our Latest Business Blog for the summary of the key proposals. https://www.wdf.com.au/resources/business-blog/federal-budget-2026-27/

12/05/2026

The WDF team have been making a conscious effort this Autumn to stay active and spend more time outdoors. We have enjoyed a team BBQ lunch in the park, making the most of the sunshine. Our team also took part in the Cancer Council’s March Charge, clocking up kilometres as we worked towards our walking and running goals for the month. We also enjoyed a group Pilates class at the newly opened .au – a class that was equal parts relaxing and challenging, with plenty of laughter along the way.

08/05/2026

𝗔𝗧𝗢 𝗙𝘂𝗲𝗹 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗣𝗹𝗮𝗻
The ATO has shared details of its fuel response payment plan, put in place to assist taxpayers who are affected by high fuel prices. The plan is available by application until 30 June 2026.

For eligible taxpayers, the fuel response payment plan involves no upfront payment and provides a three-year repayment period of 36 equal monthly instalments. Read our latest Business Blog for further information, inclusive of the Eligibility Criteria. https://www.wdf.com.au/resources/business-blog/ato-fuel-response-payment-plan/

29/04/2026

Small businesses are often the most vulnerable during tough economic times. When sales slowdown, expenses don’t—overheads, supplier costs, and payroll still need to be met. That’s why planning ahead and staying proactive is essential to not just survive but continue to grow.
Start by getting a clear, realistic picture of your cash flow. Map out payroll, fixed costs, and any upcoming expenses so there are no surprises. If there’s even a slight chance of a shortfall, it’s important to act early. Have open conversations with suppliers or creditors, explore flexible arrangements, and look at where you can adjust spending without impacting your core operations or your team.
There are also simple, practical ways to reduce cash flow pressure:
• Invoice as early as possible, and consider offering retainers or upfront packages for regular clients
• Actively follow up on outstanding payments—strong communication builds stronger relationships
• Speak honestly with suppliers; many will offer flexibility to maintain long-term partnerships
• Review your inventory and sourcing—local or alternative options may reduce costs
• Audit your expenses regularly, including subscriptions, services, and discretionary spending
• Reach out early to your bank or tax office if you anticipate challenges
Small changes can have a big impact. By staying on top of your numbers and making informed decisions early, you give your business the best chance to stay stable and resilient through uncertainty.
We’re here to help you put the right strategies in place, strengthen your financial position, and reduce cash flow stress—so you can focus on what matters most: running and growing your business.

22/04/2026

We’ve recently heard a lot in the news about trade tariffs, especially in relation to the tariffs imposed by the current US administration.

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝘁𝗿𝗮𝗱𝗲 𝘁𝗮𝗿𝗶𝗳𝗳?
A trade tariff is a tax that’s levied on imported goods when they pass through a country’s customs border. This mandatory tax is paid at the border, with the amount you pay determined by global classification codes for specific products and goods.
Paying the tariff increases the cost of exporting goods to this territory. Imposing the tariff discourages foreign enterprises from importing goods into the country and supports domestic businesses in making and selling the same goods locally.

𝗪𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝗶𝗺𝗽𝗮𝗰𝘁 𝘄𝗵𝗲𝗻 𝘁𝗿𝗮𝗱𝗲 𝘁𝗮𝗿𝗶𝗳𝗳𝘀 𝗮𝗿𝗲 𝗶𝗺𝗽𝗼𝘀𝗲𝗱?
Imposing trade tariffs can have several significant impacts for foreign entities and businesses that trade internationally:
Reduced export demand: Foreign countries and overseas businesses can experience a sharp drop in their market share as their goods become artificially expensive due to the trade tariffs. This forces businesses to reduce their exports to this country and consider other, more profitable, territories.
Increased costs: Importers bear the direct financial burden at the border, facing higher ‘landed costs’ and administrative complexities. This can significantly reduce the importer’s profit margins and efficiency of their supply chain.
Retaliatory trade cycles: Tariffs often trigger tit-for-tat responses from foreign governments. This creates a cycle of trade barriers that leads to the market becoming more volatile and operational costs becoming less predictable – creating uncertainty for all parties involved.

𝗛𝗼𝘄 𝗰𝗼𝘂𝗹𝗱 𝗵𝗶𝗴𝗵 𝘁𝗿𝗮𝗱𝗲 𝘁𝗮𝗿𝗶𝗳𝗳𝘀 𝗮𝗳𝗳𝗲𝗰𝘁 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀?
Economically, trade tariffs increase your cost of goods sold (COGS), by adding a tax cost whenever you export your goods into a particular territory.
With US trade tariffs being off and on it pays to scenario-plan all potential outcomes, so you’re fully prepared for the potential impact.

15/04/2026

We all know that positive cashflow is the beating heart of any successful business. And with so many external pressures on your cash right now, it’s important to have one eye on the future.

Cashflow forecasting is an increasingly important tool for any finance team. With a better view of your future cashflow position, you can make well-informed decisions about your finances.

But how does cashflow forecasting work? And how does it help you maintain a positive cashflow position throughout the year?

What does a cashflow forecast tell you?
The cashflow process is all about balancing your income (cash inflows) against your expenditure (cash outflows). If your cash inflows are greater than your cash outflows, this is called a ‘positive cashflow position’. In other words, you have cash left over, even once you’ve covered your costs and paid your bills – cash that can then be reinvested in the business.
There are forecasting apps available that use historic cash data to project your cash position forward in time. This helps you see where your cash may be in future periods.
Running detailed cashflow forecasts means you can:
-Understand your future operational cashflow – helping you spot any cashflow holes, seasonal dips or predicted months of high expenditure before they become an issue.
-Plan your costs and expenditure effectively – allowing you to stick to your planned budgets, manage your costs and plan for any steep price increases.
-Avoid cashflow issues before they happen – using your forecasts to look ahead, plan and get tighter control over your cashflow management.
Staying in a positive cashflow position is a challenge in the current economic situation.

When supplier prices and operational costs are fluctuating and revenues are hard to predict, it is difficult to juggle your inflows against your outflows.

Talk to us about setting up cashflow forecasts. We’ll help you get a tighter grip on your cashflow. Setting up detailed forecasts helps you understand your financial story and puts you back in full control of your cashflow.

Address

135-137 Peter Street
Wagga Wagga, NSW
2650

Opening Hours

Monday	8:30am - 5pm
Tuesday	8:30am - 5pm
Wednesday	8:30am - 5pm
Thursday	8:30am - 5pm
Friday	8:30am - 5pm

Telephone

02 6921 5444

Website

http://www.wdf.com.au/

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