by LBWCA | Nov 26, 2015 | Accounting & Tax, Business
The Prime Minister and Treasurer released their first MYEFO update on Tuesday 15 December 2015. The mid-year economic & fiscal outlook (MYEFO) downgraded the 4-year deficit outlook by $26bn (to $108bn), delaying the projected timing of the first surplus 1 year to...
by LBWCA | Nov 20, 2015 | LBW News
Congratulations to Jason Cobb and his team for their recent win. Over the weekend (4-6/9/15), Geelong small business SPORTS COURTS VICTORIA was awarded the BEST COURT RESURFACING PROJECT FOR 2015 by the Sports Contractors Association of Australia. The project which...
by LBWCA | Nov 20, 2015 | Accounting & Tax, Business
The ATO has announced an increased focus on rental property deductions for the 2015 year. Due to this increased focus from the ATO we would encourage clients to double-check the information that they are providing to us to prepare their income tax returns and ensure...
by LBWCA | Nov 15, 2015 | Accounting, Accounting & Tax
Accountants who have been dealing in superannuation matters in the past for their clients which will cease on 1 July 2016 if they do not hold a licence to do so. From 1 July 2016 an accountant must be licenced to provide superannuation advice or must be referred to a...
by LBWCA | Nov 10, 2015 | Estate Planning, Personal Wealth
The death of a taxpayer brings with it many consequences, not the least of which is administration of the deceased’s tax affairs – both before and after death. When a taxpayer dies, the following chain of events is set in motion, all of which have income tax...
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