LMS Advisory Pty Ltd in Parramatta, New South Wales | Tax preparation service

LMS Advisory Pty Ltd

Locality: Parramatta, New South Wales

Phone: +61 2 9891 9333

Address: Level 6, 91 George street 2150 Parramatta, NSW, Australia

Website: http://www.lmsadvisory.com.au

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• Business service
• Tax preparation service
• Accountant

25.01.2022 How to set up #myGovID for the Business Portal You can now use an Australian visa as an identity document to set up myGovID. Read more... https://www.ato.gov.au//How-to-set-up-myGovID-for-the-Bu/

25.01.2022 #jobkeeper income is assessable income but not ordinary income derived by a business for the purposes of aggregated turnover tests. #taxtime2020 .

25.01.2022 Alexander Laureti of LMS Advisory Pty Ltd will be a speaker for AccountantsDaily Strategy Week 2020 discussing the future of accounting in a fireside chat with Paul Glossop of Finni . Three key themes for how to navigate a rapidly changing landscape in the accounting profession will be #automation #interpretation & #collaboration. https://accountantsdaily.com.au/strategy-week/agenda Register for Accountants Daily Strategy Week today: 3 days of amazing content and insigh...ts for accountants and finance leaders starting today at 11:30am https://momentum.eventsair.com/accountants-daily//Register

24.01.2022 Self belief can power you forward when motivation is lacking, when energy levels are low or when you need a boost to your confidence. "Its amazing what you can do when you dont know you cant". Frank Sonnenberg #MondayMotivation #quoteoftheday

24.01.2022 Employers: The JobKeeper Payment is changing, so more employees can qualify. There are changes to: 1. the eligibility criteria 2. a payment extension to 31 Aug...ust, and 3. employers can nominate different employees if their employment has changed. For more details on the changes, see https://www.ato.gov.au//JobKeeper-Payment/Employers/Your-/

21.01.2022 @AcuityMag @sholtomac @Chartered_Accts @primepartners Great article! We use Cerebiz Cash & Portal. Cerebiz Pty Ltd offers a solution for accountancy practices who use MYOB software. They helped us connect & integrate EWAY_ #onlinepayment through our website. Greatly reduced debtor days one of many benefits of our subscription https://www.acuitymag.com//choosing-an-online-payment-opti

20.01.2022 Home Builder Stimulus The #RevenueNSW website has been updated with more information, including how to apply for the #HomeBuilder Grant and the #homebuildergrant application form and lodgement guide. Applications must be received by no later than 31 December 2020 and should be lodged via the online portal. Read more in our Linkedin Post... https://www.linkedin.com//urn:li:activity:6701945215474892 See more

20.01.2022 Back yourself! "Courage is the most important of all the virtues, because without courage you can't practice any other virtue consistently. You can practice any virtue erratically, but nothing consistently without #courage" - Maya Angelou #MondayMotivation #quoteoftheday

19.01.2022 Employers: Wanting to access the JobKeeper extension? There are some key dates and actions you need to know about! Employers new to JobKeeper: you need to en...rol and submit your decline in turnover via our online services by 31 October. All employers claiming JobKeeper payments must pay employees the correct amount by 31 October. Still have some questions? Head to www.ato.gov.au/jobkeeperdates

18.01.2022 I have the privilege of observing Resilience in Action every day in my role as a business owner and an accountant in practice. 6 examples spring to mind. Click to read on

17.01.2022 "A leader who produces other leaders multiples their influences" The John Maxwell Team The ripple effect of creating new leaders will shape our future. We should enable talented, ethical,optimistic future leaders who also seek continual improvement. #Mondaymotivation #quoteoftheday

17.01.2022 Home loan volumes are at historically high levels The volume of home loans issued in February was slightly down on January’s record result, but still well up on the year before, according to the Australian Bureau of Statistics. Australians signed up for $28.64 billion of mortgages in February 2021. Here’s how that compared to the year before:... * Total home loan commitments = up 48.8% * Owner-occupiers = up 55.2% * Investors = up 31.6% * First home buyer owner-occupiers = up 66.8% #property #realestate #homeloans

17.01.2022 "What you get will never make you happy in the long term. Who you become and what you contribute will" Tony Robbins If you fulfil your potential, what would that mean for those around you? Strive to be the best version of your self. #Mondaymotivation #quoteoftheday

17.01.2022 #jobkeeper #JobKeeperPayment

16.01.2022 Today is R U Ok day. Please make time today in your conversations with others to ask the one simple question that could make a huge difference #RUOK? #RUOKday

15.01.2022 Collaborate like a kid: What preschoolers can teach us about adjusting to remote work Zapier #zapier #remotework https://zapier.com//child-development-strategies-in-remot/

15.01.2022 Your payroll software will automatically update if you are on the cloud

13.01.2022 LMS Advisory is proud to be #Covidsafe business with policy and plans in place to protect staff and clients, including #remotework capabilities for all staff. Have you lodged your CovidSafe plan with NSW Health through their website? Link below... https://www.nsw.gov.au/covid-19/covid-safe-businesses

13.01.2022 October is Mental Health Month. We’re committed to providing support to those who need help with their tax and super obligations during difficult times. Hear fr...om Assistant Commissioner Sally Bektas about the support options we have available. For more info about how we can help, contact us or visit www.ato.gov.au/General/Support-in-difficult-times

12.01.2022 Jobkeeper Scheme- Important new developments relating to employee eligibility which affect current and future payments - https://mailchi.mp//client-update-on-current-jobkeeper-sch

12.01.2022 Property prices growing at fastest pace in 33 years! Last month, CoreLogic reported that property prices were growing at their fastest rate since 2003. Now, they’re growing at their fastest rate since 1988! Across Australia, the median property price rose by an astonishing 2.8% in March.... Since the start of the year, prices have jumped by a massive 5.8%. As a result, Sydney’s median price is back at record levels, after falling 14.9% from its previous peak (2017) and then falling another 2.9% during Covid. And Melbourne is also back in record territory, after falling 11.1% from its previous peak (also 2017) and then falling another 5.6% during Covid. With prices rising fast, anyone who’s thinking of buying should consult a broker sooner rather than later. #property #realestate #housing

12.01.2022 RT @JoshFrydenberg: Given the scale & size of the #COVID19 economic shock, the #JobKeeper program will be extended. #JobKeeper has been e

11.01.2022 LMS Client Update on JobKeeper Stimulus and JobKeeper 2.0 - The current Jobkeeper program remains unchanged, how the Jobkeeper program will work in future, updated payment rates and key dates Big thanks to the The Tax Institute for the excellent infographic #jobkeeper #Covid19Au... https://mailchi.mp//client-update-on-jobkeeper-stimulus-an See more

10.01.2022 "The people who are the most alive, driven, and fulfilled are those that seek to lead by a life of contribution and service to something greater than themselves" Tony Robbins Work feels less like work when you solve problems for others #Mondaymotivation #quoteoftheday

09.01.2022 Life has almost returned to normal for home loan borrowers - At the end of February 2021, only 0.7% of Australia’s mortgages were still on pause, according to new data from APRA, Australia’s banking regulator. As the grey line in the graph shows, that is a dramatic improvement from June 2020, when 10.5% of mortgages were being deferred.... Back in March 2020, when the coronavirus crisis began, Australia’s banks allowed borrowers to pause their mortgage repayments for an initial period of six months. When those deferrals started ending in September and October, banks told borrowers that, if their finances allowed, they would have to resume repaying their mortgages. Victoria remains the state with the highest proportion of loans subject to deferral, at 0.7%, compared with the rest of the country, at 0.4%. #homeloans #property #realestate

08.01.2022 House prices outperform unit prices over decade - Not an April Fools Post :) See how the blue lines in the graph are higher than the orange lines?... That’s because house prices (blue) outperformed unit prices (orange) in all capital cities between 2010 and 2020, according to Australian Bureau of Statistics data. The most extreme case was in Canberra, where the differential between house prices (+48.7% change) and unit prices (+17.7%) was 31.0 percentage points. In Darwin, there was a differential of 27.0 points even though house prices declined 4.6%, unit prices fell even more, by 31.6%. Here’s the city-by-city advantage for house prices over unit prices: * Canberra = 31.0 points * Darwin = 27.0 points * Brisbane = 17.9 points * Melbourne = 12.7 points * Hobart = 11.3 points * Sydney = 10.6 points * Perth = 8.7 points * Adelaide = 3.2 points #property #realestate #housing

06.01.2022 SCAM ALERT Were seeing a growing number of people making large payments for fake tax debts. Dont get caught! These phone calls will tell you that you owe ...money and need to pay it straight away or youll be arrested. The scammer will try to keep you on the line until you pay, often by unusual methods such as bitcoin, pre-paid credit cards or gift cards. If you get a call like this, hang up and dont provide any info. Well never: threaten you with immediate arrest send unsolicited pre-recorded messages to your phone keep you on the line until a payment is made request payment of debts via bitcoin, gift cards or other vouchers. Warn your family and friends to stay alert and visit our scams page to learn more: www.ato.gov.au//online-services/i/verify-or-report-a-scam/

05.01.2022 Our bookkeeping business Keep My Books Online has officially launched, and we have hired our first full-time employee! Automation and cloud based accounting is not just the future it is an essential component of keeping real-time, accurate, timely financial statements. Only with up to date financial data can you make the best business decisions. LMS Advisory Pty Ltd has been moving clients to the cloud since 2015, and we found it critical to expand our range of services... offerings into Bookkeeping. We are excited to be able to support you and your business through maximising the benefits of this process in an expanded capacity. Follow Keep My Books Online and visit www.keepmybooksonline.com.au for more information. Leave the headaches of Keeping Your Books to us. Be Better informed. We look forward to hearing from you. #accountants #accounting #bookkeeping #bookkeepers

05.01.2022 Subscribe to our Mailing List We regularly communicate with our clients on issues that can affect their businesses and personal taxes. We believe that the key to being successful in business and investing is being better informed. Topics on our regular updates could include: Need to know changes in legislation... Tax planning tips and ideas Government stimulus initiatives like #JobKeeper and #CashFlowBoost Key lodgment program dates End of financial year guides https://mailchi.mp/lmsadvisory/lms-advisory-mailing-list

05.01.2022 https://twitter.com/alexander_l/status/1327675201006362624 https://twitter.com/alexander_l/status/1327675201006362624 #personalfinance

04.01.2022 Tax Agents Update - Claiming August #JobKeeper Payments Your clients have from 1 to 14 September 2020 to make a monthly business declaration to claim JobKeeper Payments made to employees in August. The earlier this is done, the sooner businesses will be reimbursed. The key date for assessing which employees are eligible for JobKeeper is now 1 July 2020. More employees may now be able to access JobKeeper Payments following implemented changes to the JobKeeper employee eligibil...ity rules. Ensure your eligible employer clients are aware of the differences with the August monthly business declaration before lodging their claim for fortnights 9, 10 and 11 including: * any newly eligible employees employed at 1 July 2020 can be added from fortnight 10, commencing 3 August 2020 for fortnights 10 and 11 only, commencing on 3 and 17 August 2020, * employers have until 31 August 2020 to meet the wage condition for all new eligible employees included in the JobKeeper scheme under the 1 July 2020 eligibility test.

03.01.2022 Is your business cultivating future leaders? #leadership #business #employment

02.01.2022 The NSW Government is strongly encouraging NSW citizens to wear a mask in high-risk settings to help prevent the spread of COVID-19 in NSW. Wearing a face mask... provides an additional physical barrier to protect the community and help reduce community transmission. Continue to practise physical distancing, wash your hands regularly and if you are unwell stay in and get tested. For more information about the protection that masks provide against COVID-19 visit: https://www.nsw.gov.au/media-/health-advice-update-on-masks

02.01.2022 "In a world where you can be anything, be kind" There are many simple ways to be kind. Your actions speak louder than words. The ultimate kindness is respecting each others space and therefore health. Put their needs before you own. #staysafe #Mondaymotivation #quoteoftheday

02.01.2022 "If youre offered a seat on a Rocket Ship, dont ask what seat"- Sheryl Sandberg Chief Operating Officer of Facebook Opportunity knocks, what will you do? I say go for it. Be confident in your skills and your ability to learn as you go. Dont live your life with regrets. #MondayMotivation #quoteoftheday

01.01.2022 Businesses: Its time to make your JobKeeper monthly business declaration for August Remember - August has 3 fortnights, so dont forget to claim your eligib...le employees for all of them. If you have newly eligible employees include them in the claim from JobKeeper Fortnight 10 (which started 3 August). Weve created a new fact sheet to explain the steps you need to take to add newly eligible employees, visit www.ato.gov.au/General/JobKeeper-Payment/JobKeeper-guides/

01.01.2022 The JobKeeper Payment has been extended! Changes include: an extension until 28 March 2021 a new turnover tests for eligible businesses... two rates for eligible employees based on average hours worked. If youre already getting JobKeeper or are eligible now with these changes, find out what you need to do in preparation for 28 September. For more info, visit www.ato.gov.au//JobKeepe/JobKeeper-extension-announcement/