NCS Newsletter - November 2024
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.
How taxable is that side hustle?
With Australia going through a major cost of living crisis and interest rates not coming down as quickly as hoped, more and more people are looking at ways of creating additional cash flow to help make ends meet.
The black hole of CGT and trusts
To say that the interaction of the Capital Gains Tax (CGT) law and trusts is complicated is probably one of the greatest understatements that anyone could make about the operation of the tax laws.
What we know so far about payday super
The Government has shared more details about its proposed "payday super" plan, which will start 1 July 2026.
What tax receipts do i need to keep?
Only the ones you want to claim as a tax deduction, might be a common response.
Super on parental leave pay is now law
Starting 1 July 2025, new parents will receive superannuation payments on top of their paid parental leave (PPL).
Follow the link to find out more