by LBWCA | Jan 16, 2016 | Accounting & Tax, Business
Fringe Benefits Tax – the end is near! The FBT year ends on 31st March and there a couple of items to keep in mind, please make a note of your work vehicle(s) odometer reading on 31st March 2016. We will be asking for that reading when preparing your business tax...
by LBWCA | Jan 13, 2016 | Accounting & Tax, Business
New laws come into force from 1/7/16 in relation to what advice and services can be provided by accountants in relation to superannuation. From this date accountants will not be able to provide advice in relation to setting up, winding up, contributions and pension...
by LBWCA | Jan 5, 2016 | Accounting & Tax, Business
The financial reporting requirements of proprietary are based on the “small” and “large” criteria. What is a “large” proprietary company? A proprietary company is defined as large for a financial year if it satisfies at least two of the following three conditions: 1....
by LBWCA | Dec 15, 2015 | Accounting & Tax, Business
Both the Liberal and Labour party have hinted at possible changes to the rules regarding negative gearing if elected to government at the next election. Under Labour’s proposed policy, after 1st July 2017 only newly constructed homes would be eligible to be negatively...
by LBWCA | Nov 30, 2015 | Accounting & Tax, Business
The Prime Minister released on Monday 7 December 2015 a new National Innovation and Science Agenda Report which includes a wide range of items which aim to provide a package of initiatives to drive innovation. Some of the initiatives include: tax incentives for...
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...
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