July Client Alert

We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important taxation developments up to and including 23 June 2023.

  • Key tax considerations this tax time – Is your year-end tax planning in order?
  • Stay alert for tax time scams – Around 20,000 scam reports have been received to date this year, and ATO impersonation scams are becoming increasingly commonplace.
  • Small business lodgment amnesty: reminder – The ATO reminds eligible small businesses to take advantage of the recently announced lodgment penalty amnesty program covering income tax returns, BAS and FBT returns.
  • “Buy now pay later” NPL sector facing more regulation – The government is moving to bring BNPL products within the scope of the Credit Act with a tailored version of the general responsible lending obligations.
  • Minimum pension payment changes – The temporary 50% reduction in the minimum pension drawdown rate for superannuation and annuities will no longer apply from 1 July 2023.

Click here to download our July Client Alert.

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Adelaide SA 5000

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