TAXATION AND BUSINESS ADVISORS

Meet us on Zoom

4/16/2020 | 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...

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...

NSW Small Businesses – State Govt Relief $10,000

4/6/2020 | Lockwood & Ward

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On 3rd April, the NSW Government announced a support package of payments up to $10,000 for small businesses operating in NSW. The previous support for Payroll Tax was for businesses paying larger amounts of wages, this one is for businesses the gener...

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...

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...

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...

JobKeeper Payment

4/7/2020 | Lockwood & Ward

Tax

STOP PRESS UPDATE: 7 April 2020: The Australian Government has also released a comprehensive set of Frequently Asked Questions. Please find questions here. The JobKeeper Payment was announced on 30 March, it is very important to ensure that you meet...

ATO administrative relief

3/30/2020 | Lockwood & Ward

Tax

The Australian Taxation Office (ATO) will provide administrative relief for certain tax obligations (similar to relief provided following the bushfires) for taxpayers affected by the coronavirus outbreak, on a case-by-case basis. The ATO will set up ...

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...

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...

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