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Non-Compete Reforms: What They Mean for Employers
The Government is reviewing the use of non-compete clauses and other restraints in employment contracts, following measures announced in...
Lockwood and Ward
Sep 30, 20251 min read


New SMSFs – Key Steps to Stay Compliant by 31 October
Lodgment Deadline Approaching If you’ve recently established a self-managed super fund (SMSF), your first annual return is due by 31...
Lockwood and Ward
Sep 24, 20251 min read


ATO Warning: GST Refund Scams Targeting Small Businesses
The ATO has issued a new taxpayer alert warning businesses to be cautious of schemes designed to exploit the GST system. These scams...
Lockwood and Ward
Sep 19, 20251 min read


Division 7A: Avoiding Costly Mistakes in Private Companies
Many SMEs operate through private companies, but when funds move between the company and shareholders without proper structure, the ATO’s...
Lockwood and Ward
Sep 10, 20251 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 10, 20251 min read


Interest rates come down: how could this affect your business finances?
The Reserve Bank of Australia recently cut interest rates to 3.6%, down from 4.1%. This takes the cash rate to 3.6% for the first time...
Lockwood and Ward
Sep 3, 20252 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 28, 20252 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 20, 20252 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 14, 20252 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 8, 20253 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 29, 20252 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 29, 20252 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 29, 20254 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 28, 20252 min read
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