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Possible extension of the $20k instant asset write-off
In the 2025 Federal Budget, the Albanese Labor Government made a promise to extend the existing $20k instant asset write-off , if...
Lockwood and Ward
3 days ago2 min read


Keeping your tax and expenses in check when you are self-employed
Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills...
Lockwood and Ward
Aug 142 min read


Review your business expenses – and save
Running a business costs money. There are always costs, overheads and supplier bills that mount up – and these expenses will gradually...
Lockwood and Ward
Aug 83 min read


What makes a business expense tax deductible?
You’re a business owner, so you’ll incur a fair number of business expenses over the course of your average week. Costs for client...
Lockwood and Ward
Jul 292 min read


New small business owners to get compliance support by the ATO
As part of its "ready for business campaign", the ATO will email holders of ABNs, to provide tips on ABN obligations, business...
Lockwood and Ward
Jul 292 min read


Protecting you and your business: using trusts
Have you ever wondered about the best ways to protect you and your business? In this series, we’ll look at the key ways to use trusts,...
Lockwood and Ward
Jul 294 min read


How Division 296 Is Reshaping Fund Strategies for Business Owners
SMSFs Respond to Div 296 The introduction of Division 296 is prompting many self-managed super fund (SMSF) members to rethink their...
Lockwood and Ward
Jul 282 min read


End of Year Tax Tips for Everyone
The 30th of June always seems to creep up on people with tax returns to do. In many instances, people who visit accountants to do their...
Lockwood and Ward
Jul 282 min read


Director Identification Number
You may be aware that the Australian Business Registry Service (ABRS) has introduced the Director Identification Number (Director ID) as...
Lockwood and Ward
Jul 282 min read


Driving your business with reporting
Do you wait for your Annual Accounts to arrive before you look at your numbers for the year? By the time your accounts have been...
Lockwood and Ward
Jul 282 min read


Why your accountant is the mentor you didn’t know you needed
A business mentor can provide guidance and support, so you make the right decisions and stay focused on the end goal as a business owner....
Lockwood and Ward
Jul 282 min read


Get Your Business Records Ready for Your Tax Return 2025
Organising your documents now will mean you can get your tax return completed earlier and access any refunds due or start planning for...
Lockwood and Ward
Jul 282 min read


Should you buy a building for your business?
Tired of paying rent for your commercial premises and considering buying a premises for your business? Owning a building works best if...
Lockwood and Ward
Feb 23, 20242 min read


10 hot questions to ask yourself as a business owner
Running a busy and successful business means you often don’t have the time to step back and work ON the business. This can be a challenge...
Lockwood and Ward
Feb 13, 20244 min read
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