LMS Advisory Pty Ltd

12/05/2026

Visit https://www.lmsadvisory.com.au/budget-update-2026/
Negative Gearing Scrapped , Capital Gains Tax Increased , Tax Cuts and more. Link in bio

11/05/2026

24/04/2026

05/04/2026

Struggling with fuel costs impacting your tax obligations?

The ATO has introduced a Fuel Response Payment Plan offering 3 years of monthly instalments, no deposit, and potential cancellation of interest and penalties.

But eligibility isn't automatic — you need to prove fuel costs are the direct cause. That's where we come in.

We're already helping clients assess eligibility and lodge applications. Don't wait — it closes 30 June 2026.

Read the full breakdown: https://www.lmsadvisory.com.au/knowledge/ato-fuel-response-payment-plan/

Or call us on 02 9891 9333.

08/03/2026

🚨 Big milestone for LMS Advisory and great start to the week - We’re officially a Gold Partner!

This means even stronger cloud accounting solutions, deeper Xero expertise, and better financial insights for our clients.
Because at LMS Advisory, we go beyond compliance — empowering better business decisions through the knowledge behind your numbers.

07/03/2026

23/12/2025

To all our valued clients, we appreciate the opportunity to support you all and look forward to helping you reach your goals in 2026 and beyond!

This year has been a year of growth and learning, and we look forward to telling you about the exciting things we have planned.

Thank you to all the applicants for our job posting . We are overwhelmed and grateful for the volume of applications. We will pause the listing for the Christmas break, and we look forward to commencing interviews early in the new year.

We close this evening Tuesday 23rd December and reopen on Monday 12th January 2025 at 9am.

May you all have a joyous and safe Christmas and holiday season. Enjoy the well deserved break!

16/11/2025

Holiday Homes and Tax Deductions: Big Changes Ahead

The Australian Tax Office (ATO) has released draft guidance that could significantly impact holiday home owners from July 1, 2026. The key message?

If your property isn’t genuinely available for rent during peak periods, you may lose deductions for major holding costs like mortgage interest, council rates, and insurance.

For years, the “golden rule” was simple: if your property was available for rent, you could claim deductions—even if it wasn’t tenanted. That rule is about to change. The ATO now wants to ensure properties are mainly used to produce rental income, not just as a personal getaway.

What does this mean for owners?
* Peak periods matter: Think Christmas/New Year, Easter, school holidays, and major event seasons.
If your property is blocked out for personal use during these times, expect deductions to be denied.
* Direct rental costs (cleaning, advertising) remain deductible, but holding costs will be under scrutiny.
* Detailed records will be essential: advertising efforts, booking calendars, income reports, and private use dates.

Why the shift?
The ATO is targeting properties that are effectively private holiday homes disguised as rental investments. This move could hit hardest in states like Victoria, where additional levies already apply.

What’s next?
The draft is open for consultation until January 30, 2026, but significant changes are unlikely. Owners should start reviewing their rental strategies now to ensure compliance.

Bottom line: If you own a holiday home, the era of passive deductions is ending. Make sure your property is genuinely available during peak periods—or prepare for a very different tax outcome.

Need to chat with us? Give us a call or schedule a booking online with one of our advisors via the LMS Advisory Website

09/11/2025

💼 Happy International Accounting Day!

Behind every thriving small business is a smart accounting strategy.

3 ways an accountant supports your business growth:

1️⃣ Cash flow clarity: accountants help you understand where your money is going, so you can make smarter decisions.

2️⃣ Tax time confidence: from deductions to deadlines, they ensure your business stays compliant and maximizes returns.

3️⃣ Strategic insights: beyond the books, accountants offer financial forecasting and advice to help you plan for growth and sustainability.

Today, we celebrate the number-crunchers who keep your business balanced, compliant, and growing. 👩‍💼👨‍💼