Newsletters

Coronavirus Update

Friday 3rd April 2020

What a changed world we are living in as we all try to navigate the challenges arising from the current Coronavirus Pandemic, including protecting the health and safety of our friends and family, and the viability of our businesses, employment and investments.

The purpose of this quite long and extensive communication from Lidgerwoods Accountants is to provide you with an update relating to the Government's Economic Stimulus Package in response to the Coronavirus.  Our office will continue to apply its available resources to assist and support you where we can through this uncertain period as we attempt to survive the ever changing restrictions we are all dealing with.

The following is a broad summary of the key aspects of the Federal Government’s stimulus package in response to the Coronavirus, as recently announced and enacted. 

These measures were implemented via various Bills introduced into Parliament, which very quickly received Royal Assent on 24 March 2020 (including the Coronavirus Economic Response Package Omnibus Bill 2020), so as to give effect to the Government’s stimulus package.  

The Team here at Lidgerwoods trust that you are all keeping safe and healthy, and we are here to help if you need our assistance.  Our office door is still closed, we are not seeing anyone face to face, and some of our staff are working from home, but we are all still here to help you during office hours (via phone, email or online means) to guide you through this truly unique and unusual health and economic situation.  Please be patient with us at this time too, as we are currently inundated with enquiries and questions.

We are with you, and we are all in this together.

The Lidgerwoods Team
Marc, Sophie, Sharon, Louise, David & Kylie

Lidgerwoods merges with WA Gould & Associates

It with great pleasure and excitement that we today announce our merger with one of the oldest accounting firms in Wodonga – WA Gould & Associates.

This is a very exciting event for both of our practices as we share similar client values, a personal approach to accounting and an exceptional quality of work. Current Lidgerwoods clients will continue to see the same team members and work will be completed as it has always been done.

As such this should be a quite seamless transition and we welcome all past clients of WA Gould in the new year. On 20th December 2019, the offices of WA Gould & Associates in Beechworth Road will be closed, and from that date all clients will continue to be managed at our premises in Hume Street Wodonga.

Two new staff from WA Gould will be commencing with us soon, and we take this opportunity now to welcome them to our team.

Sharon Wallis (one of the two current Directors of WA Gould & Associates) is a fully qualified tax accountant with over 30 years of experience, and she will commence with our team in January 2020 after our usual office closure for Christmas.

Michelle Hampton has been the office manager and bookkeeper at WA Gould & Associates for the last 12 years and will commence with our team on 9th December 2019 as our internal bookkeeper and accounting assistant.

Ian Pearce (the other current Director of WA Gould & Associates) will be happily retiring after being a founding Partner of that firm over forty years ago.

Our merged businesses can now provide all clients an enhanced level of service with over forty years of experience coming to our firm.

This now takes the Lidgerwoods team to seven in our open office space, and we welcome all existing and new clients to our firm to drop in upstairs here anytime, say hello, have a coffee/tea and meet our new team members.

As usual, we attach a few articles that may interest you surrounding recent happenings in the tax world.

We look forward to seeing you all at the Kitchen Bench.

The Lidgerwoods Team
Marc, Sophie, Louise, David, Kylie – and now Sharon and Michelle…..

Sophie is back!

What a big year in tax and businesses it has been, with the 2019/20 tax year just around the corner.

Over the past year our firm has completed and lodged a record number of tax documents on behalf of our forever growing client base this year – over 1,000 lodgments to the ATO in the last year alone. All this was done too with our Director Sophie Wade on maternity leave since December 2019 when she gave birth to her second child Adeline on Christmas Eve.

The exciting news (especially for the team here at Lidgerwoods) is that Sophie is now back on deck and ready to assist our clients once again in the new tax year ahead.

Lots of changes are upon us this year, most notably for the employers in our client base with the new Single Touch Payroll (STP) system starting next week for most of our clients. The ATO is also looking very closely at rental properties again, and businesses now have different ‘time based threshold amounts’ for immediate write-off claims.

The biggest tax change applicable to 2019 tax returns is the new personal low and middle income tax rebates available to most individual clients, and our team at Lidgerwoods will personally advise you all on this when preparing your tax returns this year.

See you at the THE KITCHEN BENCH…

The Team at Lidgerwoods – Sophie, Marc, Louise, David & Kylie

Net ‘Present’ Value

It’s the silly season again, when we all eat and drink way too much, party too hard, and then return to work in the new year still in need of a proper relaxing holiday. The team here at Lidgerwoods are no different to this, with some of us perhaps needing a longer holiday than most!

Celebrating the silly season can be team-building and just plain fun, but a well-prepared business owner will also know that a little tax planning can help to make sure that no tax issues arise later on. Our first article (of many) attached to this newsletter outlines the somewhat complicated situation of giving gifts, we just wish the ATO would ‘gift’ us all a little more simplicity in this area.

We’d be glad to see you at THE KITCHEN BENCH anytime…….

The Team at Lidgerwoods – Marc, Sophie, Louise, David & Kylie

Lidgerwoods In Our Community

Christmas is a time to reflect and consider those less fortunate than ourselves. A rewarding way to do this is to become involved with a local community group.

One such group very close to Lidgerwoods is the Wodonga Apex Club, of which Marc has been a member of for the last 15 years. The Wodonga Apex Club is a non-profit community organisation for 18-45 year olds who assist their local community by raising funds and providing their labour to worthy causes, the most notable being the planning, construction & management of the recently built community Pizza Oven at Sumsion Gardens in Wodonga.

You can see Apex members in action at the Wodonga Carols by Candlelight event, feeding the masses with their fantastic BBQ food. They will be out in force again for the Australia Day Ceremony.

If you’re interested in knowing more about Wodonga Apex, please feel free to contact Marc at our office – new members are always welcome.

Lidgerwoods also sponsor a local Wodonga junior basketball team – coincidentally coached by Marc, who until four years ago did not even know the rules of the game! The reward and enjoyment of the kids is yet another reason why it is great for anyone to be involved in our community.

As usual, we attach a few articles that may interest you surrounding tax matters and deductions, and a really important article for all employers in our client base.

“Keep taxing on…”

The Team at Lidgerwoods Accountants – Marc, Sophie, Louise & Kylie

The Kitchen Bench

On the 30th June 2017, we hosted a huge crowd to our official office opening party. A great afternoon/evening was enjoyed by many of our clients, neighbours and colleagues. Luckily our new office has a full kitchen in the middle of it, which made catering for this night so much easier. It is also fortunate that we have a full size bath that we could fill up with drinks for the night.

A new year brings even more new changes at Lidgerwoods Accountants.

We happily welcome Kylie Sanders to our team as our Office Manager. She will be assisting Marc, Sophie & Louise to meet all your needs in the busy tax year ahead. Kylie is not new to our firm. She has been a client of ours for over 15 years, and brings a wealth of previous office management experience with her.
We have again attached some articles to this newsletter – some of which will be relevant to everyone, and some that won’t, but still worth a read.

Keep taxing on and remember:

“a fine is a tax for doing something bad, a tax is a fine for doing well”.

We look forward to seeing you at our kitchen bench over the coming year.
The Team at Lidgerwoods Accountants – Marc, Sophie, Louise & Kylie

Our brand new office!

After happily spending our first six years in business in Stanley Street Wodonga and due to our continued growth, we are on the move up……

That’s right – we are very proud to advise all of our clients and colleagues that as of 8.30am Tuesday 23rd January 2017 we will occupy new modern office premises on the first floor at:

UNIT 8, 103-105 Hume Street WODONGA

All of our other contact numbers and emails remain the same as does our PO Box, and we are only 350m away from our current location in the Wodonga CBD above the offices of GHD. We encourage any of our clients to visit us at any time to have a look at our new surrounds, as long as you can tackle the simple one flight of stairs. If you believe you may have issues accessing us on the first floor, please just call us to make other meeting arrangements.

Our offices in Stanley Street will be closed permanently as of 5pm Tuesday 17th January 2017.
We also take this opportunity to welcome Tina Palermo to our team who has taken on the role of our Internal Bookkeeper assisting our clients with their quarterly activity statements.

As usual we have attached some articles to this newsletter that may be of interest to you – so please take the time to glance your eye over these just in case something is relevant to your personal situation.

Keep taxing on. 

The Team at Lidgerwoods Accountants