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Lowrys' Financial Insights
Welcome to Lowrys’ News section, your go-to resource for valuable financial insights. Explore a variety of topics covering business strategies, tax updates, financial planning, and more.
Our articles are crafted to keep you informed and empowered in the dynamic world of finance. Discover practical tips, industry trends, and expert advice to guide you on your financial journey.
Payday Super: Strengthening Australia’s Retirement System
Australia’s superannuation system plays a crucial role in the country’s retirement landscape, ensuring people are financially secure in later years. Recent updates, including the introduction of Payday Super, have been implemented to protect retirement savings...
Unlocking Fringe Benefits Tax (FBT) for Australian Employers: 2024-25 Guide
Fringe Benefits Tax (FBT) can often feel complex and daunting for Australian employers, but understanding it is essential to ensure your business remains compliant and avoids costly penalties. This guide breaks down FBT, explaining how it works and what you need to...
Transforming Accounting with Cloud-Based Bookkeeping
In today’s dynamic business world, cloud-based bookkeeping has completely transformed how accountants, bookkeepers, and small business owners manage their finances. Here’s how this technology is changing the industry: 1. Accessibility and Flexibility Anytime, Anywhere...
Staying safe from scammers who impersonate the ATO
The ATO social media pages on Facebook, Twitter and LinkedIn are great resources for tax and super information. People from across the community go to these pages to ask tax and super questions, as you do in ATO Community. Unfortunately, scammers on Facebook and...
Boosts for small businesses now available
The Small business technology investment boost To support the uptake of digital technology, eligible small businesses can claim an extra 20% tax deduction. This is to help businesses grow by investing in digital operations. Remember – to claim the boost for a...
Want to access your super early?
We want to protect your savings by stopping illegal access to super schemes. It’s important to know when you can access your super early. Your super can only be accessed if you meet either acommon condition of release or a special condition of release. Some people...
Know your FBTs
If you’ve been giving your employees perks like car parking or gym memberships, you should consider the fringe benefits tax (FBT) implications. These extras can be a great bonus on top of salary and wage income. But did you know they may be subject to FBT? Keep in...