KSW Insight Newsletter | November 2023


November 2023 | VOLUME 184
KSW Newsletter for Clients and Associates of Kreston Stanley Williamson

SMSF and Death Benefit Nominations – What Are They and Should I Have One?

As the year concludes, consider the often-overlooked aspect of estate planning—your SMSF. Do you have a death benefit nomination in place? Read more to learn why it’s crucial, the difference between binding and non-binding nominations, and the necessity of regular reviews to ensure your legacy unfolds seamlessly.

Don’t Get Scammed Over the Holiday Season

As the holiday season nears, scams are on the rise, targeting the festive atmosphere. The ACSC alerts to increased scam activity during special occasions. Read more to learn how to secure your online shopping, recognise tax-related scams, and stay vigilant to protect your finances and personal information.

Navigating the Tax Implications of Your Festive Celebration

It’s important for businesses to know the tax rules for holiday spending. This guide breaks down the tax implications of common festive activities like parties, gifts, and charitable contributions. Read more to learn about what expenses qualify, how GST claims work, and exemptions from Fringe Benefits Tax (FBT) to keep your holiday finances in check. 

Kreston Stanley Williamson

*Correct as of 28 November 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 is limited by a scheme approved under professional standards legislation.

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