Newsletter - June 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.
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- ATO Tax Time focus areas.
With the end of the financial year on our doorstep, the ATO has announced its three key focus areas for 2022-23 Tax Time. - Super pensions and the Commonwealth Seniors Health Card.
Are you a self-funded retiree who does not qualify for the Age Pension? - Generous depreciation in its final days.
This months federal budget confirmed that temporary full expensing (TFE) is now in its final days. - Do you have a side-hustle?
With the cost-of-living sky rocketing, have you taken up a side-hustle? With new and emerging ways to make money, the ATO is reminding taxpayers to consider if they are 'in business' and to declare to their tax agent if they are engaged in a side-hustle. - What are the types of super funds you can contribute to?
Picking the right fund is important as it could impact how much you may have to retire on in the future. - Maximising cashflow.
There are a number of strategies that may improve cashflow for your business.
Follow the link below to read more!