by LBWCA | Feb 13, 2014 | Accounting & Tax, Knowledge Centre
Please be aware that: 1) Your tax planning for the 30 June 2014 financial year should be well on its way, if not finished already. If it hasn’t been please contact your principal or manager asap. 2) If you have a trust within your group structure, your pre 30 June...
by LBWCA | Jan 20, 2014 | Accounting & Tax, Knowledge Centre
The media commentators are hinting at a new tax on taxpayers presumably from 1 July 2014. The tax will be very similar to the flood levy that all taxpayers helped re build Queensland after their floods a few years ago under the Julia Gillard Labour government. The way...
by LBWCA | Dec 26, 2013 | Accounting & Tax, Knowledge Centre
The Victorian State Revenue Office is conducting free payroll tax seminars or webinars for specific industries in February 2014. These seminars will address common mistakes and errors that the SRO know customer sometime make when lodging their payroll tax...
by LBWCA | Dec 21, 2013 | Accounting & Tax, Knowledge Centre
From 1st July 2012 the ATO has introduced the “loss carry-back provisions” for corporate entities. This means that where a company makes a loss in the year ended 30th June 2013 or a later year, the company may be entitled to claim a refund of tax paid in an earlier...
by LBWCA | Nov 22, 2013 | Accounting & Tax, Knowledge Centre
As the festive season approaches, many businesses will be organising Christmas functions and possibly providing gifts to their staff, clients and suppliers. The taxation implications of such activities are often disregarded. To clarify any uncertainties in respect of...
by LBWCA | Oct 22, 2013 | Accounting & Tax, Knowledge Centre
Exiting the GST system is not as straight forward as it seems. Usually when you sell your business you sell all the assets, however you may keep some business assets for your personal use. When this happens you need to consider whether you need to make an adjustment...
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