In a report dated July 2018, the Australian Tax Office (ATO) indicated that there has been a large increase in the claims being made by individuals for work-related expenses.
Utilising a trusted mortgage advisor is now more important than ever given that lender policies, products, niches and pricing change daily. For example, Westpac's recent decision to end all SMSF lending thereby reducing the number of lenders available for these particular products.
On Tuesday 8 May 2018 Treasurer, Scott Morrison, handed down the 2018-19 Federal Budget, his third budget. This Budget is most likely to be an election budget (and certainly the last full Budget before the next Federal election).
Taxation treatment of the arts is one of the many issues that have been neglected by governments of all persuasions over the last eighteen to twenty years. Now it is time to start a serious conversation about tax reform for the arts.
Deborah Conway and Willy Zygier are in the middle of making another album. It hasn’t got a name yet, says Conway, but after a few gigs to warm up, in August they’ll head to a recording studio in Melbourne, where they live.
On the 24 May 2018, the government introduced the Treasury Laws Amendment (2018 Superannuation Measures No 1) Bill 2018 to give an amnesty for employers who have failed to pay superannuation entitlements on behalf of their employees.
Once again this year , we are very pleased to announce that we will be offering you an opportunity to take up Audit Insurance.
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.
ART, POLITICS, MONEY: Revisiting Australia’s Cultural policy
RMIT - Luisa Hansal
Luisa lost her younger brother tragically this year and went on to make work that dealt with the physical and emotional dimensions of loss in an unflinching and unsentimental way. She now has a studio at The Artery.
When we were moving our offices to Albert Road, the directors and I had an engaging discussion about finding a prominent spot for a painting by Alun Leach-Jones at our new premises. Earlier this year, we attended to a much more solemn exercise: drawing up the estate inventory of the artist, who passed away on Christmas Eve, December 24.
The WorkSafe Premium Policy Team has just published a new Contractors and Workers Guideline on the WorkSafe website which is summarised below for your convenience. The guideline has been simplified into easy steps which assist in identifying if an individual is a common law worker, a deemed worker or if they are carrying on an independent business.
It is with deep regret that we have learned of the passing of our dear friend and talented photographic artist, Polixeni Papapetrou, after a prolonged and courageous battle with cancer.
Just a friendly reminder that for those clients who wish to lodge their 2017 tax returns without incurring any nasty penalties and fines, you have up until May 15 this year to do so. Please arrange to send your paperwork in to Lowensteins or, alternatively, make a time to see one of our accountants to get this tax return all sorted before the due date of 15 May 2018.
Artist, Konstantin Dimopoulos - who is currently working on a range of projects in the USA - was born in Port Said, Egypt, to Greek parents and grew up at the mouth of the Suez Canal until the age
Once again I had the privilege of travelling to Hong Kong for the sixth iteration of ART Basel, held from the 27 to 31 March 2018.
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
On the weekend of the 1st of December 2017 I had the opportunity to explore the art scene in and around Brisbane.
As well as viewing the stunning Gerhard Richter show and, in complete contrast, the Kusama show at the Queensland Art Gallery and Gallery of Modern Art (QAGOMA),
As we near the end of the calendar year, it is timely to remind our clients of the need to prepare any tax returns and BAS statements that may be outstanding.
In this Fact Sheet 'How can artists best manage their money?' we turn our attention to the many ways that artists earn their income and see what is the best way for them to manage their cash flow.
Lowensteins 2017 prizes for tertiary visual art students.