Newsletter - February 2023
We are once again excited to present to you, our monthly newsletter for February, 2023 with some really great topics we are sure will interest you.
- Where to from here if you missed the Director ID Deadline
Have you missed the deadline to apply for a director identification number (director ID)? If so, you can still apply!
- ATO new-year resolutions
The ATO has released its new year resolutions..and there is not a gym in sight. According to the ATO, the five new year's resolutions to keep if you want to stay on top of your tax and super in 2023 are:
- Reduction in downsizer eligibility age
The eligibility age for downsizer contributions reduced from 60 to 55 years from 1 January 2023.
- The importance of cash flow forecasts
As we enter into the new year, with many economists predicting a slowing of the economy, planning your business's cashflow is more important than ever.
- Can you use your SMSF property upon retirement?
Many SMSF trsutees wonder if they can live in their SMSF property once they retire. This is a common questions particularly as property is such a popular SMSF investment.
- ATO finalises Section 100A guidance for Family Trusts.
Follow the link below to find out more!
/files/NCSGROUP-February-2023.pdf
Reach out to us if you wish to know more.