In this section, we will upload our regular newsletters for clients to download. These newsletters contain general tips and information for both businesses and individuals. The quarterly bulletins are known as Tax Matters and highlight the ATO’s most recent areas of focus and legislative updates. If you would like further advice on any specific content presented in these newsletters, feel free to contact us.
2020
Tax Matters – 34 2020
With the recent bushfires devastating many parts of Australia, it is not a top priority to be thinking of tax obligations, either personal or business related.
• Removal of the main residence exemption for non-residents
• Amendment to Housing Affordability Measures introduced
• FBT exemption for emergency assistance
2019
LMS 2019 YEAR END UPDATE
The end of year period is a busy time for everyone, not just at work but preparing for the holidays and the new year.
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Federal Budget 2019 – Tax Matters Budget Edition
Rewarding working Australians. The Budget was handed down on 2nd April 2019. Some key issues which may affect your affairs going forward if they become legislation are summarised in our latest update.
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2018
Essential reading for both new clients and current clients
New in business or just not sure of all the things you should be doing when it comes to running a successful business? Here is a handy checklist of things that we can help you with to ensure your business runs smoothly:
LMS 2018 Year End Update
Featuring the following tops:
- Planning for the holiday season
- LMS Operating hours and office closures over the Christmas period
- Considerations for work from home arrangements
- Government banks on Electronic Sales Suppression Tools (ESST)
- Extra conditions for CGT Concessions
- Clearing out your documents for the new year
- Security of your Data
- Staff safety at Christmas parties
- Renewing your lease
- Rewarding your employees at Christmas
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Tax Matters November 2018
Featuring the following topics:
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Claiming the $20,000 instant asset write-off
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Targeted amendments to Division 7A
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Changes to GST at settlement forms
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2017
Property Investor Special – LMS 7SERIES
Seven things you need owning an investment property
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2015
LMS – Year End Strategies 2015
Featuring the following:
- Tax Tips for Property Investors
- Business Recommendations – Write off Bad Debts, Perform a Stocktake, Contribute to Super, Speak to your accountant (us!)
- SMSF Recommendations – Withdraw your minimum pension, make sure your contribution is banked before 30 June to be effective
- Upcoming ATO Compliance Targets
- End of Year Superannuation Checklist
- Small Businesses – Take advantage of the small business budget measures
- Consider Capital Gains Tax
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LMS- TaxMatters- Budget 2015
Featuring the following:
- Budget Focus on Stimulating Small business Activity – Accelerated Depreciation, Tax Cuts, Tax Concessions for Startups
- FBT Exemptions for Personal Devices
- Changes to Pensions
- Increased rate of Fuel Tax Credit
- Changes to R & D
If your business Turnover is less than $2million, contact us today as to what measures you can take to utilise these budget measures.
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LMS-TaxMatters-Feb15
Featuring the following:
- Negative Gearing for Property Investors – Refresher
- ATO Focusing on Shares by accessing share registry data to review sales and purchases
- ATO Focusing on Motor Vehicle purchases by sharing data with RTA/RMS.
- Minimising your FBT bill
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2014
LMS Advisory – End of Year 2014 Update
Featuring the following:
- Ensuring a legally responsible Christmas
- ATO cutting Red Tape for small business
- Christmas FBT Reminders and Tips
- Use Christmas to connect with your customers
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LMS-TaxMatters-NoV14
- Proper procedure for accounting for Bad Debts
- ATO Focusing on Dividend Washing
- ATO Focusing on Travel and Car Related Expenses
- Small Business CGT Concessions – Refresher
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LMS-TaxMatters-Aug14
- Avoiding the usual GST Errors
- ATO Focus on claiming personal technology as a tax deduction
- ATO Focusing on false Medicare exemptions
- Division 7A and family breakdown.
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