LG Accounting Solutions

Pre-CGT assets that were once considered “safe” may no longer carry the same tax advantages under upcoming reforms.

This means that relying on historical assumptions could expose your business to:

• Unexpected capital gains tax (CGT) liabilities

• Reduced flexibility in distributing assets through trusts

• Compliance and planning risks for family or corporate structures

The takeaway: now is the time to review your holdings, understand your exposure, and plan proactively.

At LG Accounting Solutions, we help businesses assess their CGT risk, review structures, and develop strategies that protect wealth in uncertain times.

Cash flow worries are one of the most common challenges for growing businesses.

Even profitable companies can experience pressure when income timing, expenses, tax obligations, and payroll don’t align.

The key is having clear financial visibility and structured planning so you can anticipate challenges before they arise.

At LG Accounting Solutions, we work with businesses to improve cash flow management, strengthen financial planning, and create strategies that support long-term stability and growth.

Yes, there are changes coming to trusts, CGT, and corporate beneficiaries — but there’s no need to panic. 🖊️

The key is proactive planning. Acting early gives you time to:
• Review your assets and trust structures
• Identify exposures and potential risks
• Restructure or plan strategically where necessary
The reforms don’t take effect immediately. This is an opportunity to plan, model outcomes, and make informed decisions that protect your business and wealth.

At LG Accounting Solutions, we help clients step back, assess their position, and implement strategies that keep businesses and families financially secure.

📌 Payroll is more than just paying employees.

It involves managing PAYG withholding, superannuation, leave entitlements, Single Touch Payroll reporting, and compliance with Fair Work obligations.

For many business owners, payroll becomes time-consuming and stressful, especially as teams grow.

The good news is you don’t have to manage it alone.

At LG Accounting Solutions, our team helps businesses handle payroll accurately and efficiently, so you can stay compliant and focus on running your business.

📌 Late post, but we just couldn't get enough of how cute these lovebirds are!

Congratulations to the newlyweds!

Wishing you both a lifetime of love, laughter, patience, and partnership as you begin this beautiful new chapter together.

May your happiness continue to compound, your love always reconcile, and your marriage never go out of balance. 🧾✨

Today is the deadline to lodge your 2025 financial year tax return in Australia.

If you haven’t submitted yet, now is the time to act. Leaving it until the last minute can create:
• Stress and rushed filings
• Missed deductions
• Potential ATO penalties or interest

Lodging on time ensures you have clarity over your tax position and allows you to plan for any payments due.

If you need support getting your return finalised accurately and on time, our team at LG Accounting Solutions is here to help.

The 2026–27 Federal Budget introduces several key tax changes for individuals, investors, and small businesses.

Key highlights include:

📌 Trust Tax Changes: 30% minimum tax on discretionary trusts from 1 July 2028, with certain exclusions.
📌Negative Gearing Changes: Losses from newly acquired established residential properties deductible only against residential property income from 1 July 2027.
📌CGT Discount Reform: 50% CGT discount replaced with cost base indexation and a 30% minimum tax on gains from 1 July 2027.
📌Increased ATO Compliance: Funding for compliance, data matching, and reporting to strengthen tax system integrity.
📌Permanent Asset Write-Off: $20,000 instant write-off made permanent for small businesses from 1 July 2026.
📌$1,000 Instant Deduction: Work-related expenses up to $1,000 claimable without receipts from 2026–27.
📌Working Australians Tax Offset: Permanent $250 offset from 1 July 2027.
📌Loss Carry-Back Relief: Eligible companies can carry back losses; start-ups may access refundable offsets from 1 July 2028.

Proactive planning and accurate record-keeping will be key to navigating these changes effectively.

Happy Mother’s Day from LGAS! 💐

Moms are the real accountants.

They’ve been balancing budgets, managing schedules, solving problems, and making everything work long before spreadsheets ever existed.

Today, we celebrate the incredible mums and mother figures who do it all with strength, patience, resilience, and care, and sometimes, with flying slippers! 😅

We’re grateful for the amazing mums within our team, our clients, and our wider community who continue to inspire us through everything they do.

We hope today gives you the chance to slow down, feel appreciated, and spend time with the people who matter most.

Happy Mother’s Day from all of us at LG Accounting Solutions 💚