TAXATION AND BUSINESS ADVISORS

Business Structuring

12/16/2020 | Lockwood & Ward

Tax

Surprisingly, we have had quite a few new businesses being setup in the last month. Most of these need careful structuring in the current economic environment, and it is not always about the best tax result. Whether you are setting up a new business,...

My Love Affair With Zoom

12/16/2020 | Lockwood & Ward

Tax

Despite technical difficulties, and the temptation to wear pyjama pants, I have come to appreciate the benefits of videoconferencing. As 2020 draws to a close I have had plenty of experience with videoconferencing and certainly with Zoom. While most ...

JobMaker Hiring Credit

12/6/2020 | Lockwood & Ward

Tax

On 6 October 2020 as part of the 2020–21 Budget, the government announced a new incentive for businesses to employ additional young job seekers called the JobMaker Hiring Credit. The JobMaker Hiring Credit will be administered by the ATO. Eligible em...

Jobkeeper Extension - Get the Facts

7/22/2020 | Lockwood & Ward

Tax

We have gone to the source Australian Treasury and produced the latest detailed guideline on what you will and won’t get after 1 October. The tests for eligibility will be tightened, payments will be reduced, and still only for employees who were wit...

COVID-19: Understanding your rent relief option

4/16/2020 | Lockwood & Ward

Tax

Last week, the Federal Government introduced a new rent relief Code of Conduct that could help your business. What You Need to Know The Code of Conduct will apply to your business if it: is eligible for the JobKeeper Wage Subsidy; and earns less tha...

Santa Claus is Officially Coming to Town!

12/16/2020 | Lockwood & Ward

Tax

Santa Claus has requested permission to fly all around Australia on Christmas Eve, and the Australian Government has officially approved his travel plans. Even though, like many of us, Santa did not qualify for JobSeeker, JobKeeper nor even JobMaker,...

Salary Package Your Car

12/14/2020 | Lockwood & Ward

Tax

A common question asked by our clients is how to salary-package a car, and whether the tax benefits are truly as generous as many people believe. The most common way to salary package a car is by of a way of novated lease. The novated lease allows th...

ATO Update Jobkeeper Extension

9/28/2020 | Lockwood & Ward

Tax

Lockwood and Ward do not own the rights to this article. It is being shared to you for informative purposes. This article was created by The Australian Taxation Office who owns the copyright in this material. The original article can be located here....

Meet us on Zoom

4/16/2020 | Lockwood & Ward

Tax

At Lockwood and Ward, it is “almost” still business as usual. We are working each day, and are particularly mindful of the needs of our business clients and being able to access government support. We must continue to lodge tax returns on time for al...

ATO UPDATE - JobKeeper

4/15/2020 | Lockwood & Ward

Tax

We understand many businesses may be concerned about retaining employees due to the economic impacts of COVID-19 (coronavirus). To help employers, the government has introduced the JobKeeper payment delivered through the ATO. Here are the steps you n...

2019 End of Financial Year Checklist

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End of Financial Year Bookkeeping Checklist

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ATO Shakedown Imminent for Property Owners

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Home Loan Health Check

Is your mortgage failing?

7 ways to benefit from low interest rates

Get in before the banks tighten on lending