Newsletter - April 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.
- Trust distribution landscape now more settled
If you carry on your business affairs through a trust structure, there is now more clarity around the law on distributions following much uncertainty throughout the year. - Proposed tax on $3m super balances
Individuals with large superannuation balances may soon be subject to an extra 15% tax earnings if their balance exceed $3m at the end of a financial year. - FBT exemption for electric vehicles
With car fringe benefits one of the most common benefits provided by employers to employees, a new ATO fact sheet shines more light on the FT exemption for electric vehicles. - How to spot a crypto scam
If you are investing in crypto, watch out for these potential red flags. - Fending off GST audits
The Government has welcomed the actions of an ATO-led taskforce in relation to what is termed "the biggest GST fraud in Australia's history" - Lost super
Did you know there is around $16 billion in lost and unclaimed superannuation across Australia?
Follow the link to find out more!