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LMS Advisory PTY LTD Blog & News

  • Proposed changes to the Stage 3 Tax Cuts

    ✂️ Backflip or Timely Pivot? ✂️ The Government has announced changes to the already legislated stage 3 tax cuts commencing on 1 July 2024. In a media release on Thursday 25 January 2024, the Government stated that it has reversed its position to leave the Stage 3 tax cuts and instead proposed changes that are…

    Alexander Laureti

  • Five Principal Debt Collection Focuses of the ATO

    By Alexander LauretiSeptember 12, 2023 The Australian Taxation Office (ATO) has recently identified five primary types of business debts that are now under its heightened scrutiny. This shift in focus comes as the ATO winds down the exceptional leniency it previously extended to late payers during the COVID-19 lockdowns. At the Tax Institute Tax Summit…

    Alexander Laureti

  • Tax Return Checklists and Questionnaire

    Every year LMS Advisory releases our updated Tax Return Checklist and Tax Return Preparation Instructions for our valued clients. Tax 2023 STP Finalisations are due by your employer by 14th July 2023. We will commence working on returns from the week commencing 21 July 2023. Please complete our initial Tax Request to put yourself in…

    Alexander Laureti

  • Small business news alert – 26 June 2023

    Could your business do with a technology or skills boost?   Have you invested in new tech this financial year? The Small business technology investment boost is a bonus 20% deduction you may be able to claim this tax time, if your eligible tech is installed by 30 June 2023.The boost applies to eligible expenses…

    Alexander Laureti

  • Don’t Forget To Do These Critical Things For Super before

    Small Business Super Clearing House Deadlines In order to qualify for a tax deduction for the 2022-23 financial year, Super Guarantee contributionsmust be paid by 30th June 2023. Some clearing houses can take over a week to submit the paymentto the super fund, but the fund must receive the contribution before the deadline. To keep…

    Alexander Laureti

  • Year End Strategies – 2023 Edition

    Your Business’s EOFY Checklist If you fail to plan, you plan to fail.  Ensuring that your business is prepared at the end of the financial year for the next year is critical to ensuring its viability. With a new financial year comes key opportunities for your business to re-strategise and plan for the year ahead,…

    Alexander Laureti

  • The Federal Budget 2023 – Whats in it for SME’s

    The Federal Budget for 2023 was handed down on Tuesday 9th May 2023. Australia will post a $4 billion budget surplus in the 2022-23 financial year – the first surplus in 15 years Economic growth is forecast to slow from 3.25% in 2022-23 to 1.5% in 2023-24 before rising to 2.25% in 2024-25 More than…

    Alexander Laureti

  • 10 Business Goals

    What are your business and personal goals for 2023?  We've compiled a list of 10 common business goals that people commit to  if you hadn't turned your mind to goal setting. You can implement more than one of these! Focus on achieving these goals, and you will be well on your way to having your…

    Alexander Laureti

  • How can I make Frequent Flyer points work for my

    Frequent flyer points can benefit your business by allowing you to get discounts on flights, hotels, and other travel-related expenses. Many airlines offer loyalty programs that reward businesses for frequent flying with their airline. These rewards can be redeemed for travel related expenses such as airfare, hotel stays, car rentals and more. You can also…

    Alexander Laureti