Business owners should be aware that the ATO is resuming regular compliance activities

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 ...

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The instant asset write off expansion will provide further financial relief to businesses in need

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 ...

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Lockwood Partners are seeking experienced accountants to join our team

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 ...

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Employees working from home are likely to claim new deductible expenses on their tax returns

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 ...

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As the end of financial year approaches, business looks to resume to some level

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 ...

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In the pandemic economy, it's crucial to reevaluate your spending. Careful financial planning can help see you through the pandemic.

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 ...

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Self-managed super funds give members more direct control

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 ...

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Lockwood Partners is proud to be a platinum partner of Xero

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 ...

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A grandfather, son and grandson sitting on a dock fishing

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 ...

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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 ...

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