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

About GPL Private About GPL Private

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.

CPA logo

WEF Accounting is a CPA Practice

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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

Client Resources

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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:

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:

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.

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

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:

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:

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.

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

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 logo

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

MYOB logo

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 logo

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.

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

GST Processing & Bookkeeping

Once a business reaches a turnover of $75,000 per annum, there is a requirement to register for GST and lodge Business Activity Statements (BAS) with the Australian Taxation Office (ATO). If your business has a turnover below this threshold, GST registration is optional. Depending on the nature of the business and the turnover thresholds, businesses register to report using either the cash or accruals method and have an obligation to report monthly, quarterly or annually.

GST is an important tax consideration in events such as sale of property, development projects, new business structures & business mergers/acquisitions/sales transactions.

The GST-related services we offer include, but are not limited to:

Processing payroll, including the required end of year balancing and finalisation can be incorporated into our service packages. STP, leave accrual, SG calculation, termination payments & TPAR will all be assisted by the use of an automated payroll processing system.

If you would like assistance in determining if you need to register for GST, or where registration is optional whether registration would provide any benefit to your business, make an appointment to discuss this with our team.

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

Corporate Compliance

Corporate compliance is a general term used to describe a company program designed to prevent and detect breaches of any laws, regulations, standards or codes with which business must comply. Setting up, the ongoing operation and closing of companies form corporate compliance work.

WEF Accounting has the experience and understanding of the legal and regulatory framework that applies to business entities and we can help you understand the myriad of compliance programs and regulated obligations that affect your business/company. We can assist with making sure your business/company meets all its obligations to ASIC (Australian Securities & Investments Commission), the ATO (Australian Taxation Office) and the SRO (State Revenue Office of Victoria).

We can assist with:

Undoubtedly compliance is of paramount importance but at WEF we believe that management advice and support is also a crucial aspect of corporate compliance.

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

Workcover

When it comes to issues related to WorkSafe, Williams, Edwards & Findlay provide steps to understand and implement positive worker recovery journeys, claims experiences, workplace safety, and overall business and employee health and wellbeing.

When you think of dangerous jobs, most imagine mining and construction are the most hazardous. However, statistics show that farming, fishing, and forestry are the more dangerous occupations.

Williams, Edwards & Findlay understand the physical and emotional impact that work-related accidents can cause. Whether your business needs assistance understanding and complying with WorkSafe rules and regulations or you are injured at work and need help to manage your obligations, or help with a compensation claim, we are here to help.

At Williams, Edwards & Findlay we offer such services as:

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

ATO & Regulatory Liaison

Over the years the Australian Tax Office (ATO) has moved to using digital solutions almost exclusively. Added to this, myriad Laws, Rules and Regulations have been introduced by many regulatory bodies so they can better manage what Australian businesses can and cannot do. All this compliance is great for ensuring a safe business environment and providing protections to employees, customers, suppliers and other business stakeholders.

With the increasing regulations there are now so many considerations that a business owner/manager has to attend to that it can impact on the actual running of the business.

We find that more and more of our clients need help not only to manage all this change and tightening of rules but to also simply talk to the ATO or other regulators. Do you have ATO debts that you need to negotiate, do you need an extension of time to meet lodgement requirements or simply not really understand what you need to do to meet all your regulatory obligations?

Rarely is a phone call enough anymore so we have increased our ability to help you get this job done. If you have tax or regulatory issues we can generally liaise directly with the ATO, ASIC, and others on your behalf to resolve matters while you get on with running your business.

Let us reduce the frustration surrounding your regulatory queries so you can make the most of your valuable time.

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

Superannuation & Self-Managed Superannuation Funds

Superannuation is a confusing and often misunderstood system, leading to many questions and uncertainty.

Do you understand your current superannuation situation?

We can explain and help you understand the laws surrounding the superannuation environment to ensure you get the most benefit from your superannuation. This can assist you in making smart decisions regarding your super and gaining a real understanding of your ability to grow your nest egg so you can enjoy your retirement without financial pressures.

Have you seen the term Self-Managed Superannuation Fund or SMSF and wondered what these are and if there could be benefits to opening and operating a Fund of your own?

We can advise on the legal obligations and reporting requirements of operating a SMSF, help you get an understanding of the associated costs and assist with the setup process should you decide this is a beneficial and viable option in your personal circumstances

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

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:

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.

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.

Contact us today to discuss how we can work together: (03) 5655 2311 or email us at business@wef.com.au

General Calculators

Useful Links

Tax Diary