Written by: Evan Lowenstein Since we are well into the 2021, I feel some optimism that there is a sense that the economy and life in general is improving. The improved general outlook is evidenced by growing consumer confidence and a great sense of relief that we are almost but not quite on the other side of […]
Category Archives: Uncategorized
Written by: Evan Lowenstein Normally at this time of year our minds turn to how to save a few tax dollars and what actions to take to minimise the end of year tax bill. As we are this year faced with the advent of the impact of the Corona virus, many businesses – particularly SMEs – […]
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Written by: Evan Lowenstein We were delighted to hear that our good friends and clients – Louise Olsen and Stephen Ormandy of Dinosaur Designs – took out the prestigious Australian Fashion Laureate award for 2020. These Sydney based awards celebrate the best in Australian fashion and, in particular, honours people who have left a lasting impact on […]
Additional Information for NSW JobSaver participants and NSW Covid Grants Just when you thought it was safe to go back in the water … They’ve updated the dates again For those businesses that have experienced a decline in turnover of 30% or more, due to the Public Health Order over a minimum 2-week period from […]
The temporary shortcut method for calculating home office expenses has now been extended to 31 December 2020, after it was due to expire at the end of September. Taxpayers have been able to apply the 80 cents per hour method since March, after the ATO introduced the temporary method in light of COVID-19 restrictions forcing […]
Over the past few days, there have been some clarification on issues of timing, eligibility and other practical problems revolving around the Cash Boost for Employers and the JobKeeper program 1. Cash Boost for Employers It is interesting to note that the cash boost has some important timing implications: Just to reiterate this is the […]
The Federal Government recently announced (on 22nd March 2020) several Superannuation measures as part of its second stimulus package to assist self-funded retirees curb the economic impact Coronavirus is having on their retirement benefits as well as providing superannuation support for any individual significantly affected by the Coronavirus crisis. These measures include: 1. Temporary reduction […]
We again write to you warning you about new scams that are doing the rounds via either text messages or emails DON’T CLICK ON THE LINK When it comes to the ATO, Centrelink and other government departments, they don’t send you links to click on. They don’t ask for your personal information. They don’t need […]
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Written by: Evan Lowenstein Over the years I have been involved in the financial management of many arts and non-arts organisations. I have often been called upon to exercise my skills and training as an accountant to deal with certain specific situations, as well as to see to the general financial well-being of the organisation. In […]
We here at Lowensteins have been pro-actively trying to adapt to the ever increasing developments and the ever-changing environment. To that end, as we are most conscious of trying to ensure the health and safety of our staff and clients, we have instituted the following steps: We request that visitors to our office notify us […]