by LBWCA | Oct 8, 2019 | Accounting, Accounting & Tax
The new accounting standard for leases has recently been introduced. This has resulted in a change in the accounting treatment of leases which will affect your organisation if you have: Any type of operating lease agreement including but not limited to:A lease...
by LBWCA | Aug 8, 2019 | Accounting, Accounting & Tax
QBO have advised that there will be a price increase in their products commencing today (4th March) along with some changes to the structure of how the files will be charged. If you are currently using Quickbooks, please note the following: Simple Start...
by LBWCA | Jul 8, 2017 | Accounting, Accounting & Tax
The Federal Government has mentioned Division 7a and unpaid beneficiary loan accounts in the last couple of budgets and now the ATO have released a Practical Compliance Guideline (PCG 2017/13) which outlines the implications of sub trust arrangements ceasing in the...
by LBWCA | Mar 8, 2017 | Accounting, Accounting & Tax
On 9 May 2017, the Government announced an extension to the 2015-16 Budget measure providing an instant asset write-off provision for small business. Small businesses can immediately deduct the business portion of most assets if they cost less than $20,000 and were...
by LBWCA | Sep 1, 2016 | Accounting, Accounting & Tax
Legislation was introduced in September 2016 which will have another change in payroll requirements for those employers who employ 20 or more individuals (not FTE’s). The aim of the legislation is reducing administration requirements and automated reporting to the...
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...
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