Our personalised systems will set you up for success!
Have you worked with Lucas & Co Chartered Accountants lately? We would love to hear from you! One thing that we believe in is that you never stop growing, both personally and professionally. We understand that every client is different and ensure our systems are serving them as they should be. For example, a client …
How a Chartered Accountant Can Help You Take Control
As Chartered Accountants, we understand the importance of taking control of one’s financial future. This quote is not only a powerful reminder of personal responsibility, but also of the role that professional advisors can play in helping individuals achieve their goals. As an expert in financial matters, we can provide valuable guidance on setting and …
Who do we serve as a boutique accounting firm?
As a boutique firm, we specialize in serving the medical and property sectors, catering to high-income individuals and international companies. Our unique focus sets us apart from our competitors and allows us to offer a hands-on service that is tailored to each client’s specific needs. By owning our niche, we have established ourselves as experts …
Supporting growth and diversification of the accounting profession!
We take pride in having an active role in supporting the growth and diversification of the accounting profession throughout South East Queensland. Our Director & Founder, Jean Marc, is a member of the local committee board for Chartered Accountants Australia & New Zealand (CAANZ), which represents more than 135,000 financial professionals, supporting them to make a difference …
We’ve Been Nominated for the Australian Accounting Awards!
We’re extremely excited to be nominated for the 2023 Australian Accounting Awards – Boutique Firm of the Year (less than 20 employees). Not only is it amazing validation for our talented team, but also for our clients. We have many long-standing relationships with our clients so being nominated for this prestigious accounting award is a …
Tax records education direction now in place
The ATO can now issue a tax-records education direction which will require an entity to complete an approved record-keeping course where the Commissioner reasonably believes that there has been a failure to comply with one or more specified record-keeping obligations under tax law. This is an alternative to imposing a penalty. It does not apply …
Commencement of DGR revocations
DGRs that have not yet registered as a charity with the ACNC may soon find themselves the recipient of a revocation status letter from the ATO. After the expiration of the transitional period on 14 December 2022, a review was conducted by the ATO which identified DGRs that did not meet the eligibility requirements for …
Work from home expenses: new rate
A new revised fixed-rate method for calculating WFH expenses will apply from 1 July 2022 onwards. This new rate of 67c per hour covers energy expenses, internet, mobile, home phone, stationery and computer consumables. With the previous shortcut method of 80c per hour no longer available, taxpayers will only have the choice between this new …
FBT car parking: primary place of employment
Employers that have provided FBT car parking benefits for the 2022-23 FBT year should be aware that ATO has finalised the changes to its ruling on car fringe benefits, specifically the concept of primary place of employment. A broad test of primary place of employment now applies. Considerations of whether a place is an employee’s …