SMSF 2022 Year End – House Keeping

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CRYPTOCURRENCY IN THE ATO SPOTLIGHT The ATO has specified that gains from cryptocurrency are an area of focus again this year. For SMSFs however, managing cryptocurrency is not simply an…

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SMSF – 2022 Year End Brief & What is New

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DateChanges and actionsPre 30 June 2022 Ensure that contributions are made and received by 30 June. Ifcontributions are by EFT, ensure that the contribution is recognised in thefund’s bank account…

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2022 Trust Year End – Changes & Actions

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DateChanges and actionsPre 30 June 2022 Trustee resolutions need to be in place to be able to distribute trust income forthe 2021-22 financial year to beneficiaries (at the latest). Ensure…

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Individuals – 2022 Changes & Actions

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DateChanges and actions1 July 2021 Work related COVID-19 test expenses tax deductiblePre-30 June 2022 Pay superannuation to deduct contributions in the current financial year ATO recommences offsetting tax refunds or…

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Business – 2022 Changes & Actions

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BUSINESS DateChanges and actions21 May 2022 FBT return and payments due if applicable unless lodging electronically through atax agent25 June 2022 FBT return and payments due if lodging electronically through…

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