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ABOUT US

Our firm’s history and values

Lucas & Co has its roots from a boutique accounting firm in Queensland and has operated since 2000. Through mergers and acquisition, the firm grew and in 2014, opened its Gold Coast Office, located in Southport.

The founding directors of the Gold Coast Office have over 15 years of accounting, audit and taxation experience and have worked for several public listed entities, global accounting firm like KPMG.

Jean Marc Li, our company director serves on as company director for large multi-national Companies like AirAsia for their subsidiaries operating in Australia.

Our ultimate goal is to become your trusted advisor and personal accountant.

We achieve this by providing quality advice according to your circumstances, mitigating your business and personal risks and ensuring your taxation affairs are compliant with the ever changing regulatory tax environment in Australia.

We aspire to grow with your business or career and help you along the way by providing meaningful financial and taxation advice. You can rely on our knowledge and expertise, integrity and reliability to attend all your accounting and taxation compliance requirements.

We value Knowledge, Integrity, Consistency in Advice and Deliverables. We provide a range of accounting services to individuals, Companies, Trust, Listed Entities and Foreign Entities operating in Australia.

We value Knowledge, Integrity, Consistency in Advice and Deliverables

Services

Accounting

Our systems and procedures allow us to maintain your accounting records in an efficient and accessible manner, whilst maintaining a low fixed cost. We do bank statement entries, payroll, creditors’ payments and invoicing on your behalf at an agreed fixed price.

We file business activity statements (BAS), instalment activity statements (IAS) and annual activity statement for GST registered entities. We perform back of house and accounting functions for junior listed ASX entities, foreign entities operating in Australia, Award winning restaurants, Award winning coffee roasters, coffee and bakery stores and businesses in the building industry.

Financial Advice

We are currently working towards our financial license in order to provide financial advice and securities brokering services.

Business Tax Returns

We perform a large range of business taxation returns for Companies, Trust and Partnerships operating businesses in Australia.

We keep abreast from our continuous professional development from our memberships with the Tax Institute of Australia, Institute of Chartered Accountants and the National Taxation Association of Australia.

We perform business taxation returns for junior listed ASX entities, foreign entities operating in Australia, Award winning restaurants, Award winning coffee roasters, coffee and bakery stores and businesses in the building industry.

Insurance

We are currently working towards our financial license in order to provide financial advice and securities brokering services.

Personal Tax Returns

We have been filing personal taxation returns for over 15 years. We have clients from two generations filing their return with us every year.

They come to us because of our knowledge and consistency but above all, we take a deep interest in their careers and advise them accordingly.

We understand and appreciate that behind every tax file number, there is a story, a family, aspirations and challenges.

We do our best to provide our advice to your circumstances and become your valued trusted tax advisor.

What our happy clients say

You are a star JM, you know we’d have you back in a flash. Not possible to improve!

GEO Property Group (now called VillaWorld Limited).
ASX Listed Property Group

I have been very pleased with your service in providing a full outsourced accounting,
liaison with auditors, taxation and maintaining our financial reporting obligations to the ASX.

CEO of Dynasty Resources Limited (ASX listed entity)

I’m a financial services profession based in Sydney. People ask me why I don’t move my accounting affairs to Sydney. It’s simple. I won’t get the same service from anyone else, and I’ve seen most of the providers out there. I also continue to recommend their services to others. I have stayed with Jean Marc as my accountant for many years, and I find his team at Lucas and Co have always put my best interest first. They always provided me timely, efficient and every effective service. I find that their due diligence into my properties’ taxable performance goes above and beyond the service of other tax agents. They make tax time a much better experience than I have previously known it to be. Thank you Jean Marc and Georgie.

Associate Director at KPMG

Our Clients

  • AirAsia X
  • Le Bon Choix Bakery
  • Dynasty Resources Limited
  • HOMECORP
  • Unitol Building Design
  • Bellissimo Coffee
  • Social Eating and Dining Restaurant
  • VILLAWORLD
  • Our Clients
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  • Doctor Using Tablet Computer Discussing Treatment With Patients
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Appointment Calendar

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Latest Taxation News

DSurvey for SMSFs using LRBAs…

The ATO has announced that it will be contacting some SMSF trustees in November 2016 to participate in a survey about the use of ‘limited recourse borrowing arrangements’ (‘LRBAs’)…​
Government ‘backflip’ on superannuation…

Following further consultation, the government has announced the following ‘improvements’ to the…​
Pre-retirees: Avoid ‘too good to be true…

The ATO has launched a new project called ‘Super Scheme Smart’, an initiative aimed at educating individuals about the potential pitfalls of ‘retirement planning schemes’…​
Update on the government’s superannuation…

Lucas and Co: Now that the government has been re-elected, it seems they are committed to proceeding with their superannuation policy, including the controversial measure to impose…​
ATO focuses on rental property owners…

With Tax Time 2016 just around the corner, the ATO has stated it will be paying close attention to excessive interest expense claims, and incorrect apportionment of rental income…​
2016/17 Federal Budget…

The government handed down the 2016/17 Federal Budget on Tuesday 3rd May. It included (among many changes) proposed personal income and company tax cuts from 1 July 2016, the extension…​
Impending blowout from the leaked ‘Panama…

Lucas and Co: Clients may have recently heard something about an unknown source who has leaked 11.5 million documents from the Panamanian law firm of Mossack Fonseca…​
ATO reminder – What’s new for small business?…

Lucas and Co: The ATO has issued a timely reminder before the end of the financial year on the changes announced in last year’s Budget…​
DHS specified benefits and entitlements…

The ATO has advised that it will collect information from the Department of Human Services (DHS) for the following benefits and entitlements…​
ATO announces two important data matching…

The ATO has just announced that it is starting a new “asset” data matching protocol, and extending another CGT and rental protocol that has been running successfully for the last…​
Reminder of small business tax cuts…

The ATO has reminded taxpayers that, from 1 July 2015, a new two-tier company tax system took effect and applies to all companies…​
Immediate deductibility of capital start-up…

From 1 July this year, new provisions apply to allow certain small businesses, or an entity that is not in business, to immediately claim some start-up costs, including business…​
GST on all (taxable) online transactions…

The (now former) Treasurer recently announced that the States and Territories had unanimously agreed in principle to reduce the GST threshold on imported goods and services…​
ATO’s apps and other online tools…

As a result of user feedback, the ATO has improved their ATO Small Business app and it continues to expand in functionality and usability…​
Data matching to be expanded on individual…

The ATO has advised that last year, it cross-referenced information reported in tax returns against over 600 million transactions provided to it by third parties to identify omitted…​
Government moves to get Single Touch Payroll…

Under Single Touch Payroll, employers’ accounting software will automatically report payroll information to the ATO when employees are paid. This will eliminate the need for employers…​
ATO warns about aggressive phone scams

The ATO is again warning the public to be aware of a phone scam that is circulating, where fraudsters are intimidating people into paying a fake tax debt over the phone.
Employers and SMSF’s must prepare for Super…

With the 30 June 2015 deadline fast approaching for medium to large employers to be SuperStream compliant, the ATO is urging these employers to act now to ensure they are SuperStream ready.
ATO super crackdown- child care, building…

The ATO has identified employers in the following industries as having a higher risk of not meeting their super obligations.
• Child care services
• Building and industrial cleaning and
• pubs, bars and taverns.
Small business company tax cut to go ahead

The Prime minister announced that the government is currently working on a small business and jobs package, and that at the heart of this package was a small business company tax cut from 1 July 2015 which was “at least as big as the 1.5% already flagged”.

myaccountant@lcgc.com.au
www.lcgc.com.au

Tel 1300 557 536
Fax 07 5528 6606

Level 4, Tower 1 Commercial,
Southport Central Towers

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