October 2016 – Client Newsletter – Tax and Super
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Featured in the this month’s newsletter:
- Travel to a workplace – what’s in and what’s out. A recurrent topic of inquiry when it comes to possible tax deductions is when taxpayers travel to a work location, and the eligibility or otherwise of certain claims for that travel. We unravel the complexities.
- Controversial changes to super have been scrapped! Electra will have to study all this again. The proposed $500,000 lifetime non-concessional cap is gone, but other proposals are still on the cards. We look at the latest government announcements regarding superannuation to consider how SMSF trustees may be able to prepare for the future.
- Are you winding up a business or starting a new one? A start-up business is going to have to make a decision about the type of structure most suitable for their enterprise. But we also look at when a business ends, and the delicate topic of liquidation and what needs to be done when winding up a business.
Please contact us or book a phone consultation for clarification, or further advice, regarding any of the topics covered in this newsletter.
Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information
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