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Student Loan Reform: What Employers and Staff Should Know
The Government has passed new laws to reduce student debt and ease repayment thresholds, following the 2025/26 Federal Budget. The...
Lockwood and Ward
Oct 71 min read


Financial Abuse and the Tax System: What SMEs Should Know
Financial abuse is a serious issue that often goes unnoticed in the tax and regulatory system. Regulators and practitioners are now...
Lockwood and Ward
Oct 31 min read


ATO Corporate Plan 2025–26: What SMSF Trustees Need to Know
The ATO’s Corporate Plan for 2025–26 highlights a renewed focus on keeping the super system fair and secure. For SME owners and retirees...
Lockwood and Ward
Sep 101 min read


The ATO's new Tax Toolkit for small business owners
As an entrepreneur, one inescapable reality of running your business is remembering to pay taxes on the profits the company makes, and...
Lockwood and Ward
Aug 282 min read


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
Aug 202 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


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


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


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


Novated Lease Vs Car Loan, which one is right for you?
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...
Lockwood & Ward
Dec 19, 20192 min read


Fringe benefits tax and Christmas parties
Be more informed on FBT and Christmas Parties. The Australian Taxation Office have released the below article regarding this topic....
Australian Taxation Office
Dec 3, 20194 min read


Home Loan Health Check
We all regularly check our personal health, but do we check our financial health in particular our home loan. If you fail to review your...
Lockwood & Ward
Nov 26, 20193 min read


How to create a myGov account and link it to the ATO
Please watch the video below published by the Australian Taxation Office for a step to step guide on how to create a myGov account and...
Lockwood & Ward
Jul 19, 20191 min read


How Single Touch Payroll will impact you
Single Touch Payroll or STP is a new regulation that will change how information such as wages, super contributions, PAYG withheld etc is...
Lockwood & Ward
Jun 20, 20193 min read


Unreported ‘cash in hand’ payments to workers no longer tax deductible
Be more informed on tax changes that may impact you. The Australian Taxation Office have released the below article regarding cash in...
Australian Taxation Office
Jun 20, 20193 min read


2019 End of Financial Year Checklist
Maximise your tax deductions for the 2018-19 financial year by planning and reviewing your records. Here are top tips for businesses and...
Lockwood & Ward
May 14, 20192 min read


What you need to know about Division 293 Tax
What is Division 293 tax? Division 293 tax is a tax introduced by the Australian Government to increase tax on superannuation fund...
Lockwood & Ward
May 7, 20191 min read


GST Withholding Regime on Property
During the 2017/18 budget the government publicised that they would be introducing a GST Withholding Regime for the property industry....
Lockwood & Ward
Apr 15, 20197 min read
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