Accounting

Changes to Quickbooks Online Pricing

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...

Where is the trust law re-write we were promised?

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...

Extending the immediate deductibility threshold for small business

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...

Single Touch Payroll Reporting Requirements

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...

Accountants Exemption

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...

Cloud Accounting Saves Time

by LBWCA | May 22, 2015 | Accounting, Accounting & Tax

Many of our clients have taken the opportunity to move their accounting software to an Online cloud Accounting package. Particularly over the past 12 months as these online products become more popular and efficient for all users. We have found that clients that are...