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.
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.
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),
Every decade many Australian artists, curators, collectors and art tourists swing around Europe between April and November when the Venice Biennale, Documenta and the Skulptur Projekt Münster are aligned.
For this edition I invited Emeritus Professor Chris Wallace-Crabbe from Melbourne University to review a very interesting book I read that is an excellent source of history about the genesis of the commercial aspects of the Australian art world.
Plenty enough of the books about visual arts, art histories move forward painter by painter. It is something different and welcome to read how our art has galloped ahead, gallery by gallery. In this new book Christopher Heathcote handles the later post-War period, 1956-1976, in this way.
During the week of the 6th to 10th of September, Sydney hosted the bi annual Sydney Contemporary Art Fair (SCAF).
The Government has released draft legislation that seeks to put into effect the changes for rental property claims, as foreshadowed in the last Budget.
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.
Following on from the last Fact Sheet that was published in the June 2017 Newsletter, the next step is to examine the issues of ABN or Australian Business Number and GST or Goods and Services Tax registrations.
It is with great sadness that we learned of the closure of the Castlemaine Art Gallery, one of Regional Victoria’s premier art institutions.
From the start of the new financial year, we have decided not to issue any more refund cheques to our clients. We will be asking all clients for banking details as we will be making EFT payments direct into your account.
On my last visit to Sydney over the Queen’s Birthday Weekend, I travelled off my normal well-worn track of Paddington to the newly relocated galleries in the south of Sydney.
On Tuesday 9 May 2017 Treasurer Scott Morrison handed down the 2017-18 Federal Budget, his second Budget.
In his Budget Speech the Treasurer reported a deficit of $29.4bn for 2017-18. However, the government forecasts this to improve to a surplus in of $7.4bn by 2020-21. The Budget expects the economy to grow at 2.75% in 2017-18 and 3.0% in 2018-19, supported by growth in household consumption, exports and a transition to non-mining business investment.
The Directors and staff at Lowensteins wish Tamara a very fond farewell and say thanks for serving in her role as Director of NAVA with great distinction and absolute commitment.
In our last edition , we looked at the criteria that the Australian Tax Office (ATO) consider when they examine whether an artist is carrying on a bona fide arts practice.