KSW Insight Newsletter | July 2023


July | VOLUME 180
KSW Newsletter for Clients and Associates of Kreston Stanley Williamson

Message from Michael: As we start fresh into a new financial year at Kreston Stanley Williamson, we celebrate the dedication of our team and the unwavering support of our clients. Your trust in our services have been the pillars of our success. We look forward to our continued partnership in the new year ahead.

Maximising Your Philanthropic Impact

In Australia, philanthropy thrives, with $14.6 billion donated to charitable causes in 2020. When choosing how to contribute, individuals and businesses face a decision: direct donations to charities or establishing private foundations.  Read more to learn the financial aspects and pros and cons of each option to aid in making informed philanthropic choices.

Concessions for your Digital Upgrades – Know what you can claim.

Prepare for the 2023 tax returns with smart savings. Small businesses can now enjoy a 20% tax deduction on eligible digital operations, skills training, and technology expenses. Upgrade your technology, invest in cybersecurity, and explore other eligible expenditures to maximise savings. Take advantage of these concessions to boost your business’s financials. To learn more about how to make the most of these concessions and optimise your tax savings, read the full article here.

What’s new for SMSFs from 1 July 2023

Changes that could affect your financial planning have taken effect from 1 July 2023. Find out what’s new in areas like Superannuation Guarantee rates, contribution caps, pension requirements, and reporting obligations. To be well-informed and avoid any surprises, read the full article for detailed insights.

Celebrating a Successful Financial Year at Kreston Stanley Williamson with Memorable Team Lunches

Kreston Stanley Williamson celebrated the successful conclusion of the 2023 financial year with their annual EOFY lunch celebration. The team enjoyed their well-deserved downtime, reflecting on a year of hard work, achievements, and growth. Read more to see the full details about their celebration.

Kreston Stanley Williamson

*Correct as of 28 July 2023

*Disclaimer – this article 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 limited by a scheme approved under professional standards legislation.

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