Car Fringe Benefits – Proposed Changes

Car Fringe Benefits – Proposed Changes

The Federal Government has announced the proposed abolition of the fringe benefits tax statutory formula method for cars acquired, or car provision arrangements materially altered from 16 July 2013. The abolition of the statutory formula method will have a significant...
Car Fringe Benefits – Proposed Changes

SMSF Compliance in Focus

Are you getting the right professional advice for your Self Managed Super Fund (SMSF)? The ATO recently announced increasing their audit activity, checking 15,100 self managed super funds for correct regulatory obligations in 2013-14. Getting the correct professional...
Car Fringe Benefits – Proposed Changes

Xero

LBW held an information session in October for clients that may have been interested in the accounting software product – Xero. Xero is a cloud based product which is proving very popular with new business’s that prefer a cloud accounting based product with a lot of...
Car Fringe Benefits – Proposed Changes

2013 Geelong Business Excellence Awards

After another successful year, which was the Geelong Chamber of Commerce first year organizing the awards, the awards were handed out on Wednesday 17 July at the Pier. The outright winner this year was Dow Chemicals (formerly Rohm & Haas) which is located at Point...
Car Fringe Benefits – Proposed Changes

Budget Announcement – self education cap

Leigh Harry  One of the budget announcements this year was the limiting of self education deductions to $2,000pa, despite significant lobbying by numerous groups. Basically, from 1 July 2014, this acts to deny any individual a deduction for costs incurred in...