Welcome to Walker Wayland NSW Sydney

Chartered Accountants and Business Advisors

We are an Independent firm of Sydney Chartered Accountants and Business Advisors

We offer local knowledge through membership of the Walker Wayland Australasia Limited network, which has members throughout Australia and New Zealand, and access to global experts as an independent member of BKR International, which has more than 140 member firms with over 300 offices in over 70 countries around the world.

Our services are marked by in-depth technical knowledge combined with years of professional experience and business understanding. We work closely with clients, aligning ourselves with their business or personal goals.

We aim to make our firm a leading accountancy and business advisory firm in Australasia with services relevant to our clients, whether they are large corporates, SMEs, private individuals or not-for-profit organisations.

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Federal Budget 2014-15

The Federal Treasurer, Mr Joe Hockey handed down the 2014-15 Federal Budget, his keenly awaited first budget, on 13 May 2013 at 7.30pm (AEST). Anticipation was high that significant changes would be announced following the recent release of the National Commission of Audit report and the Government did indeed release its formal response to the Commission's report.

However, in the event, the Budget was relatively "light on" from a taxation point of view. Although, it did include the expected 2% budget deficit levy and the re-indexation of fuel excise, tax measures were relatively few. Progress on announced but un-enacted measures was however noted.

The much debated 2% budget deficit levy (tax) was a key announcement and the levy will apply from 1 July 2014. However it will apply only on taxable income above $180,000 per annum and it will last for only 3 years i.e. for the 2014-15, 2015-16 and 2016-17 years.

The budget did contain a significant range of welfare benefit changes including the freezing of certain eligibility thresholds. It is projected savings from the welfare measures will run into billions of dollars and form a substantial part of the Government's debt/deficit reduction drive.


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