Edition 124

2023 has brought a new employment and industrial landscape to Australia with the passing of a number of significant, landmark industrial relations laws late last year. These changes are now coming into effect.

In this newsletter we cover three key changes you need to be aware of

Edition 123

We have all felt financial stress at some point in our life. No matter your financial position, whether your business is big or small, tax time can make you feel the heat.

But what if it didn’t have to be so stressful? One of the best ways to avoid financial stress is to plan. Planning will play a simple yet vital role when it comes to your business. Here, we give you some great tips to make tax time easier for you.

Edition 122

Lincolns commitment and purpose for “being” is our people:

CLIENTS | TEAM | COMMUNITY

When it comes to the Community, our aim is to support locally or to find initiatives that align with our values of Respect and Excellence and that work with regional areas where many of our clients are based.

Edition 121

Happy New Year – here’s to a little more red tape for your security. The Australian Tax Office (ATO) are further strengthening the security of their online services.

They are rolling out a change that will eventually require you to have an Online Services/Business Portal login.

Edition 120

What a year it has been. As usual, the Lincolns year was packed full of client visits, expos, webinars and seminars. The team was also able to unwind at pilates, during bush hikes and the end of financial year party.

Take a look with us as we reflect on the year of 2022.

Edition 119

Tackling inflation was top of the agenda as Treasurer Jim Chalmers handed down Labour’s 2022-23 budget on Tuesday 25 October 2022.

After inflation hitting its highest point since 1990, Australians are feeling the cost-of-living pressures, deeply impacting household budgets. Inflation is expected to peak at a high of 7.75% towards the end of 2022, before moderating to 3.5% through 2023-24 and return to the Reverse Banks target rate in 2024-25.

As part of Labour’s pre-election promise, the five-point plan was delivered in the budget to provide cost-of-living relief with policies that are affordable, fair and future focused.

Edition 118

Penalties are being issued by the ATO for late lodgements, higher interest rates are being incurred on outstanding debt, taxpayers are being contacted about their debt and taxpayers are having greater difficulty in requesting payment plans. For those who are yet to see this, great. For those who have and may be worried about the Tax Office clamping down on them, it is best to get on the front foot before they take action.

Edition 117

As the transition for all accounting procedures to the cloud is almost complete and competition between software providers increases, so does the prevalence of non-compliance functionality of these cloud-based solutions. In this article, we discuss the two major competitors in the space, being MYOB and Xero.

Edition 116

A farm clearing sale can take a lot of planning. Apart from an emotional, and full-on event there are likely some tax implications worth considering when planning your clearing sale.

Edition 115

The past 12 months have flown by and with a one of the most challenging years behind us, there is no time like the present to get your taxes in order! We know this can be an overwhelming task, so we have provided 5 key areas to help you get started.

Edition 114

A big question for a lot of people right now. With the first rise in the cash rate by the Reserve Bank of Australia (RBA) in over 18 months being announced in May followed up by a double whammy rise in June there has been a lot of talk around the office and with our clients about interest rates.

Edition 113

A major focus of the 2022 Federal Budget has been on the skills and training available for Australia’s employees and apprentices.