October 2022 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 September 2022:

  • Bonus deduction for employee training proposal – The government has proposed a temporary “skills and training boost” initiative giving small businesses access to a bonus 20% deduction on certain employee training.
  • Crypto reforms: change in consultation approach – Treasury is aiming to identify how cryptocurrency assets and related services should be regulated.
  • Sale of principal home: extension of exemption – The government intends to extend the assets test exemption under social security for principal home sale proceeds which a person intends to use to purchase a new principal home.
  • ASIC’s focus on super complaints handling – The regulator has found indicators of significant compliance issues and areas that need to be strengthened.
  • Compliance with super laws: ATO’s approach – The ATO mainly encourages trustees to comply with the super laws, but there are also occasions when stronger responses are required.

Client Here to download our October Client Alert.

Share This Post With Others!

Recent Posts

Contact Info

1st Floor
89-92 South Terrace
Adelaide SA 5000

T 08 8212 2366
F 08 8231 5035

You might also be interested in

The Federal Government delivered the Federal Budget on Tuesday 14th May 2024. Key Announcements made in this budget Stage 3 Tax Cuts The Government’s changes to the Stage 3 tax cuts are a key element of the Budget. The