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WMC Accounting, Geelong, Colac, Bellarine Peninsula
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Past Newsletters

To view our range of archived newsletters click on the links below:

August Newsletter 2014 

July Newsletter 2014

May Newsletter 2014

April Newsletter 2014

March Newsletter 2014

February Newsletter 2014

December Newsletter 2013

November Newsletter 2013

October Newsletter 2013

September Newsletter 2013

August Newsletter 2013

June Newsletter 2013

May Newsletter 2013

April Newsletter 2013

March Newsletter 2013

February Newsletter 2013

January Newsletter 2013 - Not Available

 

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Our 2015 Income Tax Return Checklist is now available on our website. Please click here to download a copy.

If you would like a copy sent to you in the mail, please e-mail us at info@wmcaccounting.com.au or call us on 03 5222 3200. We'd be happy to send it to you!

Regards
WMC Accounting

Geelong Office
72 - 76 Ryrie Street
Geelong VIC 3220
Ph: 03 5222 3200

Colac Office
90-98 Wallace Street
Colac VIC 3250
Ph: 03 5231 6711

PS. If there are other people you know who would like to subscribe to this newsletter, they can sign up.

If you have received this message in error (presumably someone used your email address to register), please refer to the removal instructions at the bottom of this email.

Our 2016 Income Tax Return Checklist is now available on our website. Please click here to download a copy.

If you would like a copy sent to you in the mail, please e-mail us at info@wmcaccounting.com.au or call us on 03 5222 3200. We'd be happy to send it to you!

Regards
WMC Accounting

Geelong Office
72 - 76 Ryrie Street
Geelong VIC 3220
Ph: 03 5222 3200

Colac Office
90-98 Wallace Street
Colac VIC 3250
Ph: 03 5231 6711

PS. If there are other people you know who would like to subscribe to this newsletter, they can sign up.

If you have received this message in error (presumably someone used your email address to register), please refer to the removal instructions at the bottom of this email.

Our 2016 Superannuation Fund Checklist is now available on our website. Please click here to download a copy.

If you would like a copy sent to you in the mail, please e-mail us at info@wmcaccounting.com.au or call us on 03 5222 3200. We'd be happy to send it to you!

THE FUTURE OF SUPERANNUATION ADVICE

You may be aware of the changes taking place in the accounting industry in relation to the provision of Self Managed Superannuation Fund (SMSF) and superannuation advice in future.

As of the 1st of July 2016, we will not be able to legally advise you about SMSFs and superannuation related issues unless we are licensed under an Australian Financial Services (AFS) licence.

Basic questions that will need to be answered under a licence include:

  • How much should I contribute into super?
  • Should I direct some of my company profit to super?
  • When do you think I should start my super pension?
  • What is the best structure to purchase property in my SMSF?

In order to ensure we are meeting our clients' expectations in relation to advice and to maintain our service standards, we have decided to join an AFS licence.

Being authorised under an AFS licence does require us to adjust the way in which we provide our superannuation advice to you:

  • When we provide advice for the first time, we will provide you with a Financial Services Guide (FSG) which we will ask you to sign off.
  • The information that supports our recommendations (your current situation and objectives) will need to be documented and held on file.
  • Any advice given to you will be presented in writing in a document called a Statement of Advice (SOA).  This will also require your sign off.

While these things will change in the delivery of our service, we have worked to ensure that this will have minimal impact on our day-to-day dealings with our clients.

We felt that it was important to communicate these changes so you are aware of what to expect when we next discuss superannuation.

If you wish to discuss the above matter in more detail, please feel free to contact us on 03 5222 3200.

Regards
WMC Accounting

Geelong Office
72 - 76 Ryrie Street
Geelong VIC 3220
Ph: 03 5222 3200

Colac Office
90-98 Wallace Street
Colac VIC 3250
Ph: 03 5231 6711

PS. If there are other people you know who would like to subscribe to this newsletter, they can sign up.

If you have received this message in error (presumably someone used your email address to register), please refer to the removal instructions at the bottom of this email.

We are emailing you in response to the ATO's increased activity with regards Fringe Benefits Tax (FBT) on Motor Vehicles.  We will explain the requirements in greater depth at a later stage individually.  However, due to the reporting period for FBT ending 31 March each year, we ask that you please reply with the following for any vehicles owned within your related business entities and individual names.

There will be quite a lot of vehicles that may be recorded amongst our client base that wont have any FBT liability, however, technically, we still need to identify some records for these vehicles. 

Could you please provide the following for each vehicle as at 31 March 2017:

Basic Car Description/Details:

Registration Number:

Odometer Reading

Again, we reiterate that recording these details does not mean you are liable for FBT.  But, instead helps us comply with the requirements to also avoid FBT.

If you wish to discuss the above matter in more detail, please feel free to contact us on 03 5222 3200.

Regards
WMC Accounting

Geelong Office
72 - 76 Ryrie Street
Geelong VIC 3220
Ph: 03 5222 3200

Colac Office
90-98 Wallace Street
Colac VIC 3250
Ph: 03 5231 6711

If you have received this message in error (presumably someone used your email address to register), please refer to the removal instructions at the bottom of this email.

We are emailing you in response to the ATO's increased activity with regards Fringe Benefits Tax (FBT) on Motor Vehicles.  We will explain the requirements in greater depth at a later stage individually.  However, due to the reporting period for FBT ending 31 March each year, we ask that you please reply with the following for any vehicles owned within your related business entities and individual names.

There will be quite a lot of vehicles that may be recorded amongst our client base that wont have any FBT liability, however, technically, we still need to identify some records for these vehicles. 

Could you please provide the following for each vehicle as at 31 March 2017:

Basic Car Description/Details:

Registration Number:

Odometer Reading

Again, we reiterate that recording these details does not mean you are liable for FBT.  But, instead helps us comply with the requirements to also avoid FBT.

If you wish to discuss the above matter in more detail, please feel free to contact us on 03 5222 3200.

Regards
WMC Accounting

Geelong Office
72 - 76 Ryrie Street
Geelong VIC 3220
Ph: 03 5222 3200

Colac Office
90-98 Wallace Street
Colac VIC 3250
Ph: 03 5231 6711

If you have received this message in error (presumably someone used your email address to register), please refer to the removal instructions at the bottom of this email.

 

Please be aware that users of Docusign may receive an email where the subject reads: Completed *company name* - Accounting Invoice *number* Document Ready for Signature. As we use Docusign for electronic signature some of our clients may receive this email. Please be assured that WMC Accounting has not been hacked and is not associated with the email scam.  

The email contains a link to a downloadable Word Document which is designed to trick the recipient into running what's known as macro-enabled-malware. 

These emails are not associated with DocuSign or WMC Accounting. The emails are going out to users of Docusign services. They originate from a malicious third-party using DocuSign branding in the headers and body of the email. The emails are sent from non-DocuSign-related domains including dse@docus.com. Legitimate DocuSign signing emails come from @docusign.com or @docusign.net email addresses. You can read updates on the malicious email campaign at DocuSign; https://trust.docusign.com/en-us/personal-safeguards/

Please remember to be particularly cautious if you receive an invitation to sign or view a Document you are not expecting. If you have received a copy of the above email, DO NOT OPEN ANY ATTACHMENTS. Instead, forward the email to spam@docusign.com and then immediately delete the email from your system.

For further advice on how to recognize malicious emails and how to protect yourself you can visit our Trust Center here: https://trust.docusign.com/en-us/personal-safeguards/fraudulent-email-websites/ 

Regards
WMC Accounting

Geelong Office
72 - 76 Ryrie Street
Geelong VIC 3220
Ph: 03 5222 3200

Colac Office
90-98 Wallace Street
Colac VIC 3250
Ph: 03 5231 6711

If you have received this message in error (presumably someone used your email address to register), please refer to the removal instructions at the bottom of this email.

Please be aware that users of Docusign may receive an email where the subject reads: Completed *company name* - Accounting Invoice *number* Document Ready for Signature. As we use Docusign for electronic signature some of our clients may receive this email. Please be assured that WMC Accounting has not been hacked and is not associated with the email scam.  

The email contains a link to a downloadable Word Document which is designed to trick the recipient into running what's known as macro-enabled-malware. 

These emails are not associated with DocuSign or WMC Accounting. The emails are going out to users of Docusign services. They originate from a malicious third-party using DocuSign branding in the headers and body of the email. The emails are sent from non-DocuSign-related domains including dse@docus.com. Legitimate DocuSign signing emails come from @docusign.com or @docusign.net email addresses. You can read updates on the malicious email campaign at DocuSign; https://trust.docusign.com/en-us/personal-safeguards/

Please remember to be particularly cautious if you receive an invitation to sign or view a Document you are not expecting. If you have received a copy of the above email, DO NOT OPEN ANY ATTACHMENTS. Instead, forward the email to spam@docusign.com and then immediately delete the email from your system.

For further advice on how to recognize malicious emails and how to protect yourself you can visit our Trust Center here: https://trust.docusign.com/en-us/personal-safeguards/fraudulent-email-websites/ 

Regards
WMC Accounting

Geelong Office
72 - 76 Ryrie Street
Geelong VIC 3220
Ph: 03 5222 3200

Colac Office
90-98 Wallace Street
Colac VIC 3250
Ph: 03 5231 6711

If you have received this message in error (presumably someone used your email address to register), please refer to the removal instructions at the bottom of this email.

Click here to view your WMC Accounting Christmas Party Invite.

Our records show you have not set up a login to access your portal. Please respond to this email or send an email to portal@wmcaccounting.com.au requesting a login and a new welcome email will be sent to you with instructions.

Did you know your secure client portal went live in August 2017? The client portal will be used to send electronic correspondence of ATO mail, your tax returns, and if you have a business; financial statements. You can access your documents anytime and share content directly with third parties for example, sharing financial statements and tax returns with your bank if you are seeking a loan.

You can also download our app from Google Playstore or the App Store and access the portal from your smartphone any time.

 

If you have any queries please do not hesitate to contact out client Services Team on 03 5201 1223 or 03 5201 1215.

Regards,
WMC Accounting

 

Effective 3 April 2018, please note our new office hours will be 8.30am to 5.00pm Monday to Thursday and 9.00am to 5.00pm Friday.

Regards,
WMC Accounting

 

Scam Warning – ASIC Business name renewal

Please be on the lookout for a letter that is doing the rounds at the moment. The letter prompts the business owner to renew their business name through a BNrenewal website.

ASIC have confirmed that this correspondence is not from them.

Business Name Renewals get sent from ASIC via email ONLY. ASIC will only issue a renewal notice 30 days before your renewal date (the date your business name was registered). Please be aware of spam emails. If WMC Accounting registered your business name, your renewal notice will come to us. If you registered your business name, the renewal notice will be sent to the email you used when registering your business name. Below is a link with further information regarding spam emails.

http://asic.gov.au/online-services/service-availability/scams-targeting-asic-customers/#warning-signs

Watch out for a third party hard copy letter from BN Renewal. This correspondence is not a renewal notice in accordance with the Business Names Registration Act 2011 by ASIC. BN Renewal will charge you a fee to renew your business name. BN Renewal charge $199 for a 3 year business name renewal. You can renew your business name yourself for $82 (3 year registration).

Please do not hesitate to contact Julie Pante in Corporate Services on 03 5201 1230 in relation to any queries, emails or correspondence you might receive relating to your business or company name.

Regards,
WMC Accounting

 

 

Our 2018 Income Tax Return Checklist is now available on our website. Please click here to download a copy.

If you would like a copy sent to you in the mail, please e-mail us at info@wmcaccounting.com.au or call us on 03 5222 3200. We'd be happy to send it to you!

Further to our email on 14 June 2018 titled 'Important - Please read if claiming work related deductions', we feel it is timely to share the information the ATO may ask from you if you receive a request for further information. Read the schedule of supporting documentation required. Further details can be found on the ATO's website https://www.ato.gov.au/Individuals/Ind/supporting-documentation/. Please refer to original email for further information. 

Regards
WMC Accounting

Over the years, we have had the pleasure of hosting an annual Christmas mingle for our staff and clients to celebrate the end of the year and great relationships the partners and staff at WMC Accounting have with our clients.

This year, we have decided to pay it forward to those less fortunate and are directing our party funds to help families in the community who are in desperate need of a Christmas blessing.

In 2018, we are supporting the Bethany Giving Tree Appeal and our aim is to help 10 families wake up with the joy of Christmas in their home. Further info can be found at Bethany Giving Tree.

If you would like to get involved by donating gifts, please contact Tracey, Brianna or Kelly on 5222 3200 for more information. The last collection will be on 21 December 2018.

 

 

We wish you all a wonderful festive season.

Over the years, we have had the pleasure of hosting an annual Christmas mingle for our staff and clients to celebrate the end of the year and great relationships the partners and staff at WMC Accounting have with our clients.

This year, we have decided to pay it forward to those less fortunate and are directing our party funds to help families in the community who are in desperate need of a Christmas blessing.

In 2018, we are supporting the Bethany Giving Tree Appeal and our aim is to help 10 families wake up with the joy of Christmas in their home. Further info can be found at Bethany Giving Tree.

If you would like to get involved by donating gifts, please contact Tracey, Brianna or Kelly on 5222 3200 for more information. The last collection will be on 21 December 2018.

 

 

We wish you all a wonderful festive season.

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