Manage your Taxes &

WEF Accounting are one of the largest locally owned accountancy firms in South Gippsland, servicing a clientele base throughout Victoria, New South Wales & Queensland.

About WEF Accounting

WEF Accounting is a longstanding locally owned accounting firm, with a strong culture of employing local people. With a trading history in Korumburra that can be traced back many years the partners are Donna Wilks and Barry Wyatt. Donna & Barry are both CPA’s and have completed financial planning education.

Our newly modernised logo and a recent change in our trading name from Williams Edwards & Findlay give us a fresh new image but we still value the strengths that have seen our business survive and flourish for so long – integrity, professionalism, knowledge, empathy, understanding.

We focus on you and how we can help you achieve your goals. We don’t just do accounting, tax and bookkeeping; we educate our clients about the details of their business that matter. This helps our clients run their businesses more intelligently and make smarter decisions to grow their businesses and achieve their goals. We support, guide and enhance SME’s in their day-to-day operations, profitability and efficiency so they get where they want to go.

We are committed to tailoring our service to meet your individual expectations and needs. We care about the here and now, as well as your financial future.

The team at WEF provide a variety of knowledge bases & backgrounds, and are dedicated to keeping up-to-date with new laws and changes in the accounting industry.

If you are looking for a friendly and personalised service with the diversity to cater for all your accountancy, taxation, business advisory and investment needs, get in touch with us today.

Worried about the work involved in changing from your current accountant? Come see us to see how easy it can be.

WEF Accounting is a CPA Practice

Our Partners

Donna Wilks

Certified Practising Accountant

Donna joined WEF in 2010, becoming a partner in 2014. After completing her accounting studies to attain CPA status she continued studying with a focus on Financial Planning.

Donna has a diverse work history in retail, hospitality, farming & administration which has provided experience in a wide range of business sizes, industries & structures.

Proud to be associated with a local practice that has a long history of assisting local people, Donna takes a holistic approach to client’s situations and believes tax minimisation, cash flow strategies & future planning are important aspects of the assistance she provides to clients, to help you formulate and achieve your goals.

Barry Wyatt

Certified Practising Accountant

Barry has been a part of WEF Accounting for 15 years and is a CPA. He has completed a Bachelor of Business and Commerce (Majoring in Accounting and Management) at Monash University.

Barry has lived in the area for most of his life and has always been involved with various local sporting clubs and activities. Barry attended the Korumburra Primary and Secondary College, with his three young children now attending the same schools.

Barry’s experience and education has helped him develop the skills and knowledge to assist clients big and small with their businesses and their personal financial situations. He is very friendly and always willing to lend a hand and cherishes the valuable relationships he develops with his clients.

Our Services

Business Planning & Building

We like to understand what your business is trying to achieve so that our input maximises your outcomes, we are here to help your business grow.

Tax Return Processing

Our taxation experts offer a broad range of accounting and taxation services to sole traders, businesses, organisations and inviduals.

GST Processing & Bookkeeping

Our expert GST accountants can assist you in preparing and lodging your business tax obligations and help you to achieve better tax results.

Superannuation & Self-Managed Superannuation Funds

Let us help to ensure you get the most benefit from your superannuation or self-managed superannuation fund.

Accounting System Automation

Cloud based accounting software offers a number of benefits, alleviating the need for businesses to invest in expensive data storage and management.

Corporate Compliance

We provide full compliance support to our business and personal clients both at tax time and throughout the year, helping them along the way.

Annual & Compliance Reports Processing

Detailed and accurate financial reporting of your Super Guarantee (SG) & Taxable Payment Annual Reports Processing (TPAR) gives you a clear picture in real time.c

ATO & Regulatory Liaison

In collaboration with the ATO, we work to resolve issues with the primary goal of reaching the best outcome possible for clients.

Client Resources

Accounting Videos

Watch our video series to learn more about the value of accounting and taxation experts, how it applies to common life events and how we can help you.

Client Login

Sharing documents, files, and folders with users within or outside our company with our ultra-quick and easy-to-use client document upload portal.

General Calculators

Powered by ASIC's MoneySmart, these FREE calculators can help give you direction and motivate you to achieve your financial goals.

Useful Links

We've compiled a broad range of useful links for your use. These include a various of topics such as taxation, software, Government agencies and media.

Tax Diary

We provide an up-to-date and accurate calendar for our taxation clients. Financial year diaries are the perfect business tool, with updated tax information.

Latest Accounting News

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The ATO has extended its motor vehicles data matching program for 2022–2023 to 2024–2025 financial...

Contact Us

Get in Touch

WEF Accounting welcomes your enquiry. To book an appointment or simply ask us a question, fill in your details and we'll be in touch soon!

Office Location

19 Commercial Street, Korumburra 3950

Tax Return Processing

If tax laws are enough to make your head spin or you’re simply not sure how the tax laws apply to you, come speak to the team at WEF Accounting.

Tax can be complicated in many ways – that’s no secret. We understand that taxes are stressful and confusing to many people, and we are here to assist you. We can advise on what income you need to declare, what expenses you can claim and what evidence you need to back up your claims. If you have purchased Cryptocurrency or operated in the share economy, do you know what your tax reporting obligations are? Similarly, if you’ve been driving for Uber or rented out property through AirBnB, do you know how to properly declare your income?

We are specialists at accounting and taxation, with many years of knowledge and experience amongst our friendly team. We have worked with a large variety of businesses and individuals from all different industries over many years; farming, building & construction, professional services, investors, retail, hospitality, healthcare, manufacturing & IT, just to name a few.

We provide tax return assistance for a range of entity types, regardless of your occupation or the industry you operate in:

Individuals
Sole Traders
Partnerships
Trusts
Companies
SMSF’s

Forward planning is an integral measure we use to ensure our clients don’t pay more tax than they need to. By assessing your personal situation and entity set up we look for tax strategies suited to your needs to save you tax now and into the future.

By planning for tax, we work with you to:

Investigate areas to reduce the amount of tax you pay
Develop strategies to minimise tax, potentially saving you money
Be prepared for the financial year

WEF Accounting is committed to tailoring options to suit our client’s individual needs. We aim to provide tax return lodgement with comprehensive tax planning advice and strategies, all at competitive prices. Our experience is complemented by a team of professional accountants and tax advisors, who are here to help you.

Business Planning & Building

Choosing your business structure is an important decision and WEF Accounting can consult with you and suggest the best structure for your business.

Ideally decisions regarding the structure for your business are considered in the initial stages of your business setup or purchase. Although you can change the business structure throughout the life of your business, this can be a costly process so it is best to get it right from the start.

The following are the four main business structures commonly used by small businesses in Australia:

Sole trader: an individual operating as the sole person legally responsible for all aspects of the business. Like other structures, a sole trader can employ people to help run the business. The structure is easy and inexpensive to set up because there are few legal or tax formalities.
Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.
Company: a legal entity separate from its shareholders. It is a complex business structure, with set-up and administrative costs that are higher than for sole trader or partnership structures, but can assist with providing important risk management solutions.
Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, require the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be one or more individual persons, or a company which may provide some increased asset protection measures.

Companies and Trusts are more costly and complicated business structures but in the right circumstances they can provide many advantages that WEF can discuss with you. It is important to note that these structures can also result in personal obligations that you need to be aware of.

We can also assist with:

Business purchases
Valuation of business
Due diligence services
Business risk profiles
Specialist Tax advice
Tax planning & advice
Annual reporting

WEF Accounting understands that your strengths lie in the running of your business, let us assist you with the compliance and working on your business so you can use your valuable time working in your business to achieve your goals.

Accounting System Automation

Many small to medium-sized businesses are moving to online accounting software and are using cloud-based applications for their bookkeeping and accounting needs through desktop and mobile apps. All businesses need to keep records, and online accounting allows businesses to make management decisions based on up-to-date information. It also provides for other business efficiencies including payroll and cash flow budgeting.

If you are paying employees, it is a legal requirement that your payroll information is reported to the ATO via a Single Touch Payroll (STP) solution, which is now supported by all the major accounting software providers. Using online accounting software to process your payroll can also help ensure you are meeting your obligations for Superannuation Guarantee and recording leave entitlements.

The cloud revolution is propelled by fast, reliable internet, cheaper servers and widely-used open-standards for interchanging data between software. Moving to the cloud does not increase data risk if good password policies and back-up strategies are in place. Businesses should ensure staff understand modern security risks and complete training when moving to cloud accounting or using any service that provides remote access.

Some of the main cloud accounting players in Australia are:

Xero – A New Zealand based software company that offers cloud-based accounting software for small to medium-sized businesses.

MYOB – An Australian company originally offering desktop accounting software, now offers several subscription-based cloud accounting products, including both desktop and cloud versions of their product.

Quickbooks Online – Provides a cloud based version of their previous product, QuickBooks.

Contact WEF to discuss your circumstances so we can help determine the most appropriate solution for you based on functionality, ease of use and cost. By setting up your accounting software through our office, we can access and pass on subscription savings for the popular Xero and MYOB software solutions.

Annual & Compliance Reports Processing

WEF Accounting can help you to prepare comprehensive financial statements for a wide range of readers and an equally wide range of purposes. Whether your statements relate to your business or your personal financial standing, we can accommodate your needs.

Along with annual financial statements, businesses may have obligations to provide ongoing compliance reports to other regulatory bodies.

Superannuation Guarantee

Super Guarantee is the statutory amount an employer must pay into the superannuation fund of their workers to avoid penalties. Increasingly the ATO is enforcing Superannuation Guarantee (SG) compliance and issuing fines and penalties where breaches occur. Payments should be processed through a clearing house with strict timelines for reporting and payment. Our help in this area covers:

Lodging SG reports through clearing house
Providing employers with payment slips for ease of payment
Reporting requirements when super has not been paid by the due date

Managing your obligations can be time consuming and confusing in the tough business environment we currently operate in but WEF Accounting can help you ensure you don’t miss SG payments when they are due.

Taxable Payment Annual Reports

Taxable Payment Annual Reporting (TPAR) is an industry-specific reporting requirement for businesses who pay contractors for relevant services. The following industries are subject to TPAR reporting and WEF can help to determine who is a contractor and what industry specific TPAR requirements need to be met.

Courier services
Road freight services
Building and construction
IT services
Cleaning
Security, investigation and surveillance services

Workcover reconciliation

Annual workcover reconciliation statements need to be prepared and lodged with the appropriate insurance provider. Employers are required to declare their actual workers remuneration as well as estimate their remuneration for the following year.