May 2022 | VOLUME 167
KSW Newsletter for clients and associates of Kreston Stanley Williamson
Has your business done everything possible to minimise tax prior to 30 June?
Each year we continue to assist our clients to take full advantage of every strategy during the June tax planning period, ensuring that you don’t pay any more tax than you should. With only four weeks left until the end of financial year, it’s imperative that your strategies are now in place.
Our full article here, lists the specific tax planning strategies that need to be considered before 30 June.
Trusts Update – The Uncertainty Continues!
In our 2022 March edition of KSW Insight, we explained the ATO’s new draft guidance on trust distributions that involve “reimbursement agreements”.
Our full article here explains the continuing concerns due to the draft guidance and what needs to be taken into account when contemplating your family trust distributions this year.
Partnering up to buy property
We are all aware of the current unaffordability in the Australian property market. It has been reported by the Housing Industry Association that it now takes 1.2 average incomes to service a typical home loan.
Our full article here, explains both the advantages and disadvantages of partnering up to buy a property.
Tax Planning for Individuals – What to do prior to 30 June?
Tax planning is a year-round activity at Kreston Stanley Williamson, but now is the time to double check that any critical personal actions are taken before 30 June 2022.
Our full article here includes a comprehensive list of the points you may have forgotten about but need to consider before 30 June.
Quote
“Questions provide the key to unlocking our unlimited potential.“
Anthony Robbins
DISCLAIMER
This newsletter has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the newsletter is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this newsletter, 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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