Written by: Source http://www.australiacouncil.gov.au/research/making-art-work/ In November 2017 Professor David Throsby, the eminent arts economist, released a further instalment of his report, Making Art Work: An Economic Study of Professional Artists in Australia that seeks to map the income of the arts community across time. This is his sixth instalment of the study into the situation of […]
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Written by: Evan Lowenstein Motor Vehicle Claims to be scrutinized by the ATO The ATO has announced that it will be closely examining claims for work-related car expenses this tax time as part of a broader focus on work-related expenses. The ATO is particularly concerned about taxpayers claiming for things they are not entitled to, such […]
Lockdown 3 Assistance To all our Victorian clients and friends who faced a great deal of business upheaval with the 3rd (albeit shortened ) lockdown, we are notifying you of the long awaited assistance package. The Victorian Government has announced a $143 million package to support eligible businesses impacted by the circuit breaker action to […]
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Written by: Fiona Gruber Lynette Faulkner is Lowensteins’ Mother Confessor. As a senior accountant with 52 years’ experience, more than 30 of it with the present company – she started out with accountancy firm Felix Kaye which later merged with Lowenstein Sharp , later, in 2002, to split off into Lowensteins Arts Management – Lyn has […]
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It is with great pleasure that the Directors of Lowensteins announce that Mr Piyush Thakrar, who until recently has been our Senior Accountant, has been promoted to the management team and has been appointed as a Senior Associate. Piyush has been with our firm for just over two and a half years and during that […]
Written by: Evan Lowenstein LODGEMENT PROGRAM In the lead up to Christmas, it is timely to remind clients that the due date for all tax returns being lodged will occur very soon. You have until the 15 May 2019 to lodge your returns for the 2017/2018 year, after which date severe penalties may be imposed by […]
Written by: Evan Lowenstein For the last few years Lowensteins has been collating figures to show how the economic conditions have affected artists’ incomes over the years. This year the Lowensteins Index is particularly relevant, due to the effect that the COVID-19 pandemic has had on artists’ incomes. We are pleased to release these latest statistics […]
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Written by: Tom Lowenstein Open letter to the leaders of all major political parties Dear Scott, Bill and Richard, Over the past decade, following the Global Financial Crisis of 2007/8, we have seen the primary art market and the Indigenous art market collapse in Australia, resulting in numerous galleries closing and artists’ incomes reducing drastically. It […]
RENTAL PROPERTY CHANGES The Government has released draft legislation that seeks to put into effect the changes for rental property claims, as foreshadowed in the last Budget. Briefly the two measures seek: to remove travel claims for inspecting a rental property especially targeting interstate properties and to limit the amount of depreciation on second hand […]
Lowensteins Arts Management people working from home.