We are Taxation and Business Advisors in Sydney.

Services include: 

  • Business Taxation advice

  • Personal Income Tax Returns

  • Super and SMSF advice

  • Finance and Mortgages

  • Accounting and Bookkeeping

 

Professional Standing

  • Member: ICAA

  • Licenced Auditors

  • Registered Business Agents

  • Registered Tax Agents

 

Lockwood and Ward • Taxation and Business Advisors • Level 9, 50 Clarence St Sydney NSW 2000

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Taxation

Business Compliance

Tax compliance is a complex procedure. There are frequent changes in rules and legislation, as well as social, economic, political and global influences to be accounted for. If you have any concerns or are worried about tax risk within your organisation, then contact Lockwood and Ward to help minimise your exposure or to clarify any issues.

Potential tax risks can include:

  • Operational risk – day to day risks such as making incorrect tax withholdings

  • Compliance risk – such as making inadequate tax return disclosures

  • Transaction risk – potential taxes arising from, for example, asset sales

  • Financial accounting risk – in disclosing tax assets and provisions for tax payable

  • Personal risk – to directors from, for example, unremitted PAYG and GST
     

Non-compliance can result in severe consequences. The ATO and state tax authorities regularly audit and investigate companies to ensure tax compliance. Lockwood and Ward will be able to perform a simple and easy tax risk check to ensure you peace of mind and confidence. We can also help reveal ways in which you can save tax!

Tax News

How to create a myGov account and link it to the ATO

July 19, 2019

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