Newsletter - March 2023
Welcome to the NCS Group client information newsletter, your monthly tax and super update keeping you on top of the issues, news and changes you need to know.
- New work from home record keeping requirements
Are you one of the five million Australians who claim work from home deductions? If so, stricter record-keeping rules may now apply. - FBT and car logbooks
With the end of the FBT year approaching, are your car logbooks in order? - Legistlating the purpose of superannuation
Treasury released a consultation paper on legislating the purpose of superannuation - what could this mean? - Crystalising capital losses
It's been a particularly difficult 12 months for investors. - Super teething issues
Last year 9,700 individuals applied for compassionate release of super for dental treatment expenses, and 82% were approved. Out of those approved, 9% were for a dependent childs dental treatment, which could include braces. What is the pathway for access? - PAYG instalment variations
The ATO is encouraging accountants to educate clients around varying PAYG instalments - this can potentially assist cashflow.
Follow the link below to find out more!