ATO Returning to Regular Compliance Activities
Business owners should be aware that the Australian Tax Office recently announced a return to regular compliance activities. The ATO’s focus had shifted from compliance work to stimulus payment processing throughout the COVID-19 economic downturn. Few businesses have been left unscathed by the ...
Significant Expansion of the Instant Asset Write Off
The Government will support businesses with an aggregated annual turnover of less than $5 billion by enabling them to deduct the full cost of eligible capital assets acquired from 7:30pm AEDT on 6 October 2020 (Budget night) and first used or installed by 30 June 2022. Full expensing in the ...
We are Seeking Experienced Accountants to Join Lockwood Partners
Lockwood Partners are a progressive accounting firm in the Echuca Moama region recognised for helping individuals and businesses with accounting and management services. Our holistic approach and the extensive experience of our team ensures that our clients receive a high level of advice and ...
What You Need to Know – Working from Home Tax Returns
While for many, working from home has been a difficult transition, there is light at the end of the tunnel in the form of tax returns. For the first time, employees working from home will benefit from a number of deductions that were previously unavailable. What is important is that employees ...
End of Financial Year
From everyone at Lockwood Partners and Provide Group, we would like to thank you for your ongoing support through these uncharted and challenging circumstances. A return to business as usual in some degree is very welcome, but it is expected that we will have to deal with a number of obstacles ...
Putting Your Best Foot Forward in the Pandemic Economy
While it feels like there’s no relief in the current pandemic economy, there’s always decisions that can be made to make the best of your financial situation. Reduction of unnecessary expenses is an activity all people can undertake, regardless of their socioeconomic background. While ...
Benefits of a Self-managed Super Fund
With so many options for super, how do you know if your fund will provide you the most for your retirement? Super funds pool your money with other peoples’ and are typically controlled by fund managers. Most funds aren’t accessible by their members until their retirement. Australian employers ...
Switching to Online Accounting Technology – The Benefits of Xero
Lockwood Partners have recently been recognised as a Platinum Partner with the cloud accounting platform Xero. If you don’t already know, Xero is accounting software technology designed to save you time on your bookkeeping so you can spend time on what really matters – your business. We ...
Strategies to effectively manage the transition of wealth across generations
Research has shown that three-quarters of the time, wealth substantially decreases when passed through generations. Moreover, almost all assets are exhausted by the third generation. Lack of effective planning is often the root cause of this issue, which means it is crucial to construct a ...
9 business productivity tools
Simple ways to make your team more efficient When teams use the right tools to work together, they can make huge gains in productivity – and the final outcome. Developing new ideas, solving problems and getting things done more efficiently sounds great. But with an ever-growing list of apps and ...