February Newsletter Published 17.02.2023

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February Issue Covered

Missed the Director ID Deadline?

Have you missed the deadline to apply for a director identification number (director ID)? If so, you can still apply! 

The ATO says it will take a reasonable approach with directors who are trying to do the right thing.

So what else is in the February Newsletter?

  • ATO new-year resolutions
    – 1. Know if you’re in business or not
    – 2. Keep business details and registrations up to date
    – 3. Keep good records
    – 4. Work out if the PSI rules apply to you
    – 5. Look after yourself
  • Reduction in downsizer eligibility age
    – DOWNSIZER CONTRIBUTIONS
    – ELIGIBILITY REQUIREMENTS
    – DOWNSIZER CONTRIBUTIONS COUNT TOWARDS YOUR SUPER BALANCE
    – PRESERVATION CONSIDERATIONS
    – NEED ADVICE?
  • The importance of cash flow forecasts
  • Can you use your SMSF property upon retirement?
    – Property as an SMSF investment
    – What is the sole purpose test?
    – Beware of perils of tax and duties
  • ATO finalises Section 100A guidance for Family Trusts

DON’T MISS OUT ON VITAL INFORMATION
FOR YOUR BUSINESS / ORGANISATION

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