Trust Financial Housekeeping 30 June 2022
PAYMENT DEFERRALS If you are having trouble paying your tax liability, please let us know as soon as possible so we can negotiate a deferral or payment plan with the…
PAYMENT DEFERRALS If you are having trouble paying your tax liability, please let us know as soon as possible so we can negotiate a deferral or payment plan with the…
Having your paperwork organised always makes life much easier. Preparing your end of year documents and information prior to coming to see us will save you time and money. This…
Having your paperwork organised always makes life much easier. Preparing your end of year documents and information prior to coming to see us will save you time and money. This…
This is a general list of what we need to complete your fund’s tax and accounting requirements:Bank statements (including any new accounts including term deposits) from 1 July 2021 to…
CRYPTOCURRENCY IN THE ATO SPOTLIGHT The ATO has specified that gains from cryptocurrency are an area of focus again this year. For SMSFs however, managing cryptocurrency is not simply an…
DateChanges and actionsPre 30 June 2022 Ensure that contributions are made and received by 30 June. Ifcontributions are by EFT, ensure that the contribution is recognised in thefund’s bank account…
DateChanges and actionsPre 30 June 2022 Trustee resolutions need to be in place to be able to distribute trust income forthe 2021-22 financial year to beneficiaries (at the latest). Ensure…
DateChanges and actions1 July 2021 Work related COVID-19 test expenses tax deductiblePre-30 June 2022 Pay superannuation to deduct contributions in the current financial year ATO recommences offsetting tax refunds or…
BUSINESS DateChanges and actions21 May 2022 FBT return and payments due if applicable unless lodging electronically through atax agent25 June 2022 FBT return and payments due if lodging electronically through…