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Newsletter - September 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.

  • Thought of registering a trademark for your new business?
    The ATO has issued a reminder around trademarks.
  • Self-education: When is it deductible?
    There is no specific provision in the income tax legislation that allows a deduction for self-education expenses.
  • Avoid schemes targeting SMSFs
    Sometimes promoters of schemes target self-managed super funds (SMSFs) schemes can included tax avoidance arrangements that inappropriately channel money or assets into your SMSF so you pay less tax.
  • Discounting your capital gain
    The capital gains (CGT) discount can reduce by 50% a capital gain that you make when you dispose of (sell) a CGT asset that you have owned for 12 months or more.
  • Appointing an SMSF auditor
    If you have an SMSF, you need to appoint an approved SMSF auditor for each income year, no later than 45 days before you need to lodge your SMSF annual return (SAR).
  • Costs of a caravan/motor home for work-related travel
    Will the costs of purchasing and maintaining a caravan be deductible in my the individual income tax return?

Follow the link below to find out more about the above.