TAXATION AND BUSINESS ADVISORS

Bank Updates to assist customers with COVID-19

3/26/2020 | Lockwood & Ward

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In order to assist our clients with as many solutions as possible in these difficult times, we have collated a table showing the options available from the major banks with whom our clients have dealings. Unless we organised your mortgage for you, it...

Meet us on Zoom

3/18/2020 | Lockwood & Ward

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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...

State Government Support for business in response to COVID-19

3/17/2020 | Lockwood & Ward

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The NSW State Government announced a range of measures to support business and jobs in our state, these are as follows: $450 million for the waiver of payroll tax for businesses with payrolls of up to $10 million for three months (the rest of 2019-20...

NSW Payroll Tax: An Overview

3/12/2020 | Lockwood & Ward

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Payroll tax is a matter that is not prioritised and considered less important as other federal taxes. This topic is not usually discussed in the academia, and, therefore, employers and tax professionals normally have minimal knowledge regarding this...

Novated Lease Vs Car Loan, which one is right for you?

12/19/2019 | Lockwood & Ward

Business

When purchasing a vehicle it is important to choose the right option for you. A common question we ask ourselves in this situation is, is it better to lease or to apply for a car loan. To make an appropriate decision regarding this we need to look at...

Economic Response to the Coronavirus

3/23/2020 | Lockwood & Ward

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Government Support for Business and Individuals Reaction from our government bodies are changing very quickly. Since our post last Wednesday 18th March, there have been significant changes to the support provided across all sectors.

We have provide...

ATO Support Measures for businesses affected by COVID-19

3/17/2020 | Lockwood & Ward

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In addition to the federal and state government’s actions, the ATO has a number of options available to small businesses, including: Deferring by up to four months the payment date of amounts due through the business activity statement (including PAY...

Payroll Tax – Tips & Tricks

3/12/2020 | Lockwood & Ward

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Payroll tax is a tax paid by employers on their taxable wages. This act was implemented along with other significant changes such as the centralisation of income tax collection. Other countries also utilise payroll tax. For example the US, also appli...

ATO Superannuation changes that take effect from 1 January 2020

3/12/2020 | Lockwood & Ward

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Do you have employees who are salary sacrificing some of their wages into super? Are you salary sacrificing some of your own wages or were thinking about it? If so, there is new legislation that applies from 1 January 2020. Salary Sacrificing Salary ...

Merry Christmas & Happy New Year

12/12/2019 | Lockwood & Ward

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We would like to take this opportunity to thank you for your continued support and would like to wish you and your family a Merry Christmas and a Happy New Year.


Our office will close over the holiday season from Monday the 23rd of December 2019 un...

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