by LBWCA | Jan 8, 2021 | Accounting & Tax, Business
The Victorian Government has announced that stamp duty (land transfer duty) will be abolished for first-home buyers purchasing a home with a dutiable value of not more than $600,000. This will make the existing first-home buyer 50 per cent duty reduction that applies...
by LBWCA | Sep 8, 2019 | Accounting & Tax, Business
Proposed Election Changes To Tax And How They Will Effect You. As we are coming closer to the election and a possible new government many clients are asking us about the proposed tax changes that the Labor party are proposing. The first question is typically –...
by LBWCA | Jul 8, 2019 | Accounting & Tax, Business
Single Touch Payroll (STP) was introduced on 1st July 2018 for all businesses with 20 or more staff (substantial employers). The Bill to extend the Single Touch Payroll (STP) reporting requirements so they apply to all employers, regardless of the number of...
by LBWCA | Oct 1, 2018 | Accounting & Tax, Business
The Victorian Government has made some significant changes to the LSL (Long Service Leave) provisions that will become effective from 1 November 2018. Payroll functions should ensure that all employee records and accruals are updated to reflect the revised...
by LBWCA | Jun 8, 2017 | Accounting & Tax, Business
Currently there are approximately 1390 different grants available with $54.9B in funds set aside to service these grants. The grants are offered across a very broad spectrum of industries from Agriculture to Finance to Medical to Media & Entertainment. Some grants...
by LBWCA | Dec 27, 2016 | Accounting & Tax, Business
Finally after some much needed discussions and bargaining the Federal Government it seems has been able to get most of its small business tax cuts through parliament with the commencement date for the increase in the company turnover threshold to $10 million from the...
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