February - 2025
As we settle into 2025, it’s the perfect time to stay informed about key tax, financial and superannuation changes that could impact you. This month’s newsletter is packed with insights to help you navigate the year ahead.
First, we break down seven key superannuation changes coming in 2025. Super is a long-term investment, and even small adjustments can have a big impact over time. Now is a great time to review your super and understand both proposed and legislated changes.
Next, we highlight the ATO’s latest rental data-matching efforts. If you own an investment property, this article shares useful tips to help you stay compliant and avoid potential issues if the ATO audits your rental income.
We also explore superannuation and financial hardship. Whether it’s for urgent medical bills, preventing home repossession, or making ends meet, this article explains when and how you may be able to access your super in tough times.
Finally, we clarify the ATO’s stance on the tax deductibility of financial advice fees. Not all financial advice fees are deductible, and this update breaks down what you can and can’t claim.
February 2025 Newsletter link
march - 2025
In this issue, we explore salary sacrifice vs personal deductible superannuation contributions – both valuable strategies, but which one is right for you? We break down the key differences and factors to consider, such as employment status, cash flow, and flexibility needs.
We also highlight important tax considerations for cryptocurrency investors. Whether you've made a gain or loss, we share tips that may help you legally reduce your tax bill, while ensuring you stay compliant with the ATO!
Next, we cover an often-overlooked opportunity: claiming capital gains tax (CGT) small business concessions when you own an asset used by someone else in their business. This could include land, a factory, or even a trademark, so if you're in this situation, you may have tax-saving opportunities when selling the asset.
Finally, we have included a handy fringe benefits tax (FBT) checklist to help identify potential FBT liabilities. While your accountant will prepare your FBT return, not all benefits provided to employees (or their associates) are always obvious – this checklist can help ensure nothing is overlooked.