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Blog & News

LMS Advisory PTY LTD Blog & News

  • Avoid Common Tax Return Mistakes for Rental Properties

    End of Financial Year Special Edition #1 As the end of the financial year approaches, the ATO has issued crucial advice for rental property owners to help them avoid common tax return mistakes and ensure accurate claims. Many rental property owners make errors, even with 86% using registered tax agents. 1. Expense Claims: Ensure comprehensive…

    Alexander Laureti

  • 2024-25 Federal Budget Wrap

    Federal Treasurer Jim Chalmers MP presented the Australian Labor Party's 2024-25 budget last night. The budget emphasised efforts to alleviate the cost of living crisis, increase housing construction, support local manufacturing ("A Future Made in Australia"), facilitate upskilling and education access, enhance Medicare, and bolster the care economy. The budget this year is expected to…

    Alexander Laureti

  • 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