COVID19 - Business Continues During Stage 4 restrictions
Lowe Lippmann Chartered Accountants
COVID19 - Business continues during Stage 4 restrictions
Lowe Lippmann Chartered Accountants and staff continue to work remotely, despite the business restrictions which come into effect midnight tonight, Wednesday 5th August 2020 forcing the office at 616 St Kilda Road, Melbourne to be closed for six weeks.
All Partners and staff continue to work from home remotely and and are available to assist you.
You can continue to call our office number and your call will be relayed to the person you wish to speak to.
If you want to pay your account, please visit our website and PayOnLine securely.
Adhere to the restrictions and stay safe.
In a previous blog, we discussed the changes to the accounting standards relating to classification of current / non-current liabilities on the balance sheet. We have been receiving a number of questions on this topic and have provided some practical scenarios below as well as some actions for you as we approach 30 June reporting dates.
High Court special leave application granted to appeal Bendel Case decision The Australian Taxation Office has been granted special leave to appeal to the High Court from the Full Federal Court decision in FCT v Bendel [2025] FCAFC 15. During March 2025 we released a Tax Alert ( see here ) explaining the current view of the ATO following the Full Federal Court decision that an unpaid present entitlement (or UPE) owed by a discretionary trust to a corporate beneficiary is not a “loan” for Division 7A purposes. The ATO also issued an Interim Decision Impact Statement ( see here ) in response to the Full Federal Court decision, providing information for taxpayers and advisers in relation to the details of the case and issues decided by the court.
Year-end tax checklists for Individuals and Businesses We have recently prepared two Year End Checklists which help explain some common strategies that may be considered for Individual and Businesses taxpayers. Year End Checklist for Individuals – click here Year End Checklist for Businesses – click here
