Newsletter - December 2022
We are once again excited to present to you, our monthly newsletter for December, 2022 with some really great topics we are sure will interest you.
- How to gift most tax-effectively this festive season as an employer.
Christmas is traditionally a time of giving, including employers showing gratitude to their workers for a job well done throughout the year. However, depending on the nature and value of the gift, and also who it is gifted to, such magnanimity can attract unwanted tax consequences. So how as an employer do you gift most tax-effectively this festive season?
- SMSF Compliance: What's on the ATO's radar?
ATO assistant Commissionder Justin Micale outlined the ATO's latest compliance issues for those who operate an SMSF.
- Single member SMSFs
What are the advantages and disadvatages of single member funds?
- On-boarding employees for the holiday rush
Are you hiring additional employees to help with surging end-of-year demand? A New employment form, accessed through ATO online services, will help reduce your compliance time.
- New work from homededuction rules
ATO has issued new draft guidelines around a new method.
- FBT exemption for electric vehicles
Follow the link below to find out more!
/files/NCSGROUP-December-2022.pdf
Reach out to us if you wish to know more.