KSW Insight Newsletter | April 2024


April 2024 | VOLUME 189

KSW Newsletter for Clients and Associates of Kreston Stanley Williamson

How to Avoid Falling Victim to a MyGov Scam

Recently, there has been a rise in MyGov scams targeting Australian taxpayers. Scammers exploit MyGov accounts to file fake tax returns, aiming to redirect to their own bank accounts. Read on to learn how to protect yourself from MyGov scams and stay safe with our essential tips.

Instant Asset Write Off is Back!

Legislation in the Senate proposes changes to the Instant Asset Write Off Thresholds for the current year. The proposed amendments are expected to make investing in plant and equipment more attractive, with increased thresholds for eligibility. Read on to find out the proposed changes and how they may affect your business.

Timing Is Critical for EOFY Contributions

The lead-up to the End of Financial is crucial, especially with 30 June 2024 falling on a Sunday due to it being a leap year. Contributions must be timed carefully, as they are only considered paid when received by the SMSF. Read on to learn about key dates for superannuation contributions, including changes to the Small Business Superannuation Clearing House.

Kreston Stanley Williamson

*Correct as of 26 April 2024

*Disclaimer – this newsletter has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability is limited by a scheme approved under professional standards legislation.

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