Lucas & Co Chartered Accountant in Southport, Queensland | Financial service

Lucas & Co Chartered Accountant

Locality: Southport, Queensland

Address: 56 Scarborough street 4215 Southport, QLD, Australia

Website: http://www.lcgc.com.au

Likes: 118

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• Tax preparation service
• Accountant
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25.01.2022 Doorknocking no-show numbers drop in Melbourne as lockdowns take effect: Following the Australian Defence Force's largest single day effort of doorknocking, Premier Daniel Andrews has confirmed the numbers of no-shows at homes in Victoria are improving. Of the 1,150 home visits to people meant to be isolating conducted yesterday by the ADF and Health Department officials, 1,000 people were home.... This i... https://bit.ly/30EfDUj

24.01.2022 High score: Mogul spikes as former Disney exec named CEO: Shares in listed esports company Mogul (ASX: ESH) are the highest they've been this year on the back of two high-profile announcements this week. Today, the company appointed former Electronic Arts (EA), Midway and Disney executive Michael Rubinelli to the position of CEO.... His appointment comes just three days after former Spotify... https://bit.ly/31r4ENm

24.01.2022 PRRT augmentation and GDP factor rates: Augmentation and gross domestic product factor rates for petroleum resource rent tax (PRRT). https://bit.ly/31k75m8

23.01.2022 Downsizing contributions into superannuation: From 1 July 2018, individuals 65 years old or older may be eligible to make a downsizer contribution into their superannuation of up to $300,000 from the proceeds of selling their home. https://bit.ly/3hhrQnH

22.01.2022 Sydney pub slogged with $10k penalty for "complete disregard" of COVID-19 restrictions: The Garry Owen Hotel in Rozelle, Sydney, has been labelled the "worst pub seen so far" by NSW authorities and hit with $10,000 in fines for breaches of COVID-19 restrictions. As alleged by Liquor & Gaming NSW Director of Compliance Dimitri Argeres, when inspectors arrived at the Garry Owen Hotel there were only three staff in t... https://bit.ly/2XRE3ry

20.01.2022 As most Australian companies focus on the health of their customers and staff at this critical time, it is important to not neglect the business side of things, especially GST. Recently, the ATO provided an update on one of its GST assurance programs. While aimed at large public and multinational companies, the methodologies on how entities are selected and how it tailors its compliance approach provides insights on all levels of GST compliance. Under the program, the ATO not...Continue reading

19.01.2022 Hotham and Falls Creek ski fields closed for the season: The implementation of stricter rules to combat the spread of COVID-19 in Victoria has prompted the operator of the Hotham and Falls Creek ski resorts to shut down operations indefinitely for the remainder of the year. Vail Resorts previously suspended operations at the two resorts just two weeks after the season began, but with a tentativ... https://bit.ly/31iHUz2

19.01.2022 Harold Mitchell found guilty over involvement in Seven's Tennis Australia deal: The Australian Securities and Investment Commission (ASIC) has been successful in its case against Harold Mitchell, a former director of Tennis Australia, over his involvement in a deal with Seven Network. Mitchell has been found guilty on three occasions for breaches of the Corporations Act today, but the court declined to disqualify the... https://bit.ly/3hSsEiR

18.01.2022 31 October due date may apply to your SMSF: If you did not lodge your previous years SMSF annual return (SAR) on time or are a new SMSF preparing your own SAR, your due date for 2019-20 is 31 October 2020. https://bit.ly/317cpcm

18.01.2022 Third new QLD COVID-19 case as health alert issued for 11 venues, including South Bank bar: A COVID-19 cluster is now starting to emerge in South East Queensland from two 19-year-old women who travelled to Melbourne and ignored health directives to self-isolate upon their return. A criminal investigation into how the women flouted quarantine is due to take place, but in the meantime authorities are scrambling to trace the v... https://bit.ly/3hMZ7r2

17.01.2022 2018 SAN misuse mailout results: Results from the 2018 SAN misuse mailout along with additional actions taken since we contacted tax agents who prepared the 2018 annual returns. https://bit.ly/3l0GLFk

16.01.2022 WA Government backs plans for Perth's "once-in-a-lifetime" port project: The Western Australian Government has endorsed the independent Westport Taskforce's recommendations for a new port at Kwinana, south of the state capital between between Fremantle and Rockingham. More than $97 million has been allocated to progress environmental works, detailed design and the final business case for the project, ... https://bit.ly/3kFPtZw

14.01.2022 Corporate tax transparency data: We are notifying certain corporate tax entities in September that we'll be extracting data from their lodged tax returns for the 201819 Report of entity tax information. https://bit.ly/2EanSPd

13.01.2022 With the ultimate distraction of the pandemic, many businesses around Australia may not be aware that they will be required to lodge a Taxable Payments Annual Report (TPAR) for the first time this year. Not only has the TPAR expanded to include road freight, information technology, and security, investigation or surveillance services this year, due to COVID-19, businesses such as restaurants, cafés, grocery stores, pharmacies or other retailers that have hired contractors to deliver goods to customers may also be captured under the regime.

11.01.2022 DroneShield shares fly after US Air Force contract: Shares in Australian defence technology group DroneShield (ASX: DRO) have risen by more than 30 per cent today after the company announced it was awarded a US$200,000 (AUD$279,722) contract with the United States Air Force (USAF). The deal represents the biggest breakthrough for the Sydney-based company since its offerings were chosen as&... https://bit.ly/3jyMPUz

11.01.2022 Businesses beware, the ATO is conducting compliance measures on the government’s COVID-19 stimulus package including on the JobKeeper and the cash flow boost. It will be looking at many things including eligibility requirements for both businesses and employees, attempted fraud, artificial structures, phoenixing and restructures. ATO warns that severe penalties can be applied to tax avoidance schemes or those found to be breaking the law, including financial penalties, prosecution, and imprisonment for the most serious of cases.

10.01.2022 In an effort to reduce the instances of phoenixing, where the controllers of a company deliberately avoid paying liabilities by shutting down indebted companies and transferring assets to another company, a new initiative of director identification numbers (DINs) has been passed and will come into effect in the near future. Currently, while the law requires that directors’ details be lodged with ASIC, it is not a requirement that the regulator verify the identity of directors...Continue reading

07.01.2022 Metcash to acquire majority of Total Tools for $57m: Wholesale distributor and retailer Metcash (ASX: MTS) hopes to expand its presence in the professional tool segment by entering into an agreement to acquire 70 per cent of Total Tools for $57 million. If approved by the Australian Competition and Consumer Commission (ACCC), the deal would see Metcash hold a controlling interest in Total T... https://bit.ly/3eYLu61

07.01.2022 SA to close border with VIC to returning residents, new gathering restrictions incoming: From midnight on Tuesday all travellers from Victoria including South Australian residents will not be allowed to cross the border into SA, strengthening an already hard border. Previously, residents returning to the state from Victoria were permitted to cross the border, but because of the ongoing crisis in Melbourne Premier Steven Marsh... https://bit.ly/2WWFJQ6

01.01.2022 Woolworths urges customers to mask up in NSW, ACT and QLD hotspots: Woolworths Group (ASX: WOW) is taking a proactive approach to corporate social responsibility (CSR) as the retailer and licensed venue operator expands the scope of locations where masks will be strongly recommended to customers. In Queensland hotspot areas the group is encouraging customers and teams across the group to wear face co... https://bit.ly/3gz6d2d