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Discover the Latest Tax and Accounting Insights in Our June 2023 Newsletter
Hey Everyone! June Newsletter is out! The following interesting Highlights are:
Be mindful of contribution limits to avoid tax penalties for superannuation.
Prepare for higher interest rates on HELP debt and consider paying it off sooner.
Choose between fixed rate and actual cost methods for work-from-home tax deductions.
Small businesses adapt to inflation and borrowing challenges, seek financial advice.
ATO scrutinizes property investment deductions, claim responsibly and keep accurate records.
Navigating the 2023/24 Federal Budget for Success in Our Budget Summary Newsletter
It's time to put on your financial superhero capes because we're about to unveil the 2023/24 Federal Budget summary! Get ready for a wild ride through the twists and turns of personal income tax, small business adventures, superannuation surprises, tax integrity quests, and more.
This budget is jam-packed with exciting changes that will keep you on the edge of your seat. But fear not! As your trusted sidekicks, the team at LKC Accountants is here to guide you through the maze of numbers and ensure you emerge victorious.
As we delve into the budget measures, we'll provide you with expert insights, practical tips, and personalized strategies to help you navigate these changes smoothly. Whether you're a sole trader, a small business owner, or a financial savant, our goal is to empower you with the knowledge and tools to make informed decisions and maximize your financial success.
So grab a cup of coffee, put on your favourite superhero soundtrack, and dive into this action-packed budget summary. Together, let's conquer the financial challenges and make this year a truly superpowered success!
Discover the Latest Tax and Accounting Insights in Our May 2023 Newsletter
Introducing the May 2023 edition of the LKC Accountants Newsletter, packed with valuable insights and updates to keep you informed about the latest in finance and taxation. In this issue, we delve into topics such as the $20k Small Business Energy Incentive and the potential tax risks associated with platforms like 'OnlyFans' for content creators. We also explore what deductions you can claim and discuss the distinction between a side hustle and a business.
Additionally, we bring you news about the ATO Rental Property Blitz, providing guidance on claiming interest and redrawing on loans, borrowing costs, and maintenance expenses. Don't miss our Quote of the Month and discover how the access to home guarantee scheme has been expanded to benefit friends and siblings.
Furthermore, our Question of the Month tackles the topic of using company loans to pay down mortgages, and we discuss the exciting development of enshrining the right to superannuation in the National Employment Standards.
Stay up to date with the latest developments in the financial landscape by diving into our May 2023 newsletter. Sign up today to receive these insights and more directly in your inbox.