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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 28, 20252 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 28, 20252 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 28, 20252 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 28, 20252 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 28, 20252 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


Key Steps to Ensure Compliance with ASIC's Director's ID Requirements
We have an important message from Australian Business Registry Services (ABRS) regarding director identification numbers (director ID)....
Lockwood and Ward
Feb 8, 20242 min read


Contractor Rules for Medical and Allied Health Practices and Payroll Tax
Payroll tax audits and court cases during 2023 have brought the issue of payroll tax for medical practices into focus. Until recently,...
Lockwood and Ward
Jan 25, 20242 min read


A business budget will help with your financial decision making
Budgeting is about estimating your revenues, projecting your expenses and detailing the allocation of funds, so you stick to (and don’t...
Lockwood and Ward
Jan 23, 20242 min read


Guide to profit and loss
Here's our Plain English guide to profit and loss and what this report reveals about your finances. What is profit and loss? Your profit...
Lockwood and Ward
Jan 18, 20242 min read


Happy New Year
Thank you for your business in 2023. For business owners, the New Year is often the time of year when you reflect on where you are at and...
Lockwood and Ward
Jan 18, 20241 min read


Do you know the rules and entitlements during the end-of-year holiday season?
As we head into the summer holiday period, is your business up to speed with your rights and obligations? It can be confusing to...
Lockwood and Ward
Dec 15, 20232 min read


Holiday cash flow for your small business
Are you heading away for a break from the business this year? This time of year can be hard on small business. Your expenses continue and...
Lockwood and Ward
Dec 15, 20232 min read
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