Bonsella December/January Newsletter

December 24

Our latest eNewsletter includes information on the following topics:

Understanding the Australian Government’s plan for cash and cheques – As digital payments become increasingly prevalent, the government has announced it’s taking significant steps to modernise the nation’s payment system.

Proposed changes to HELP loans could mean lower repayments in 2025 – If you’re one of the millions of Australians with a HELP debt, you might be wondering how the government’s proposed changes loans could affect you.

Understanding the Medicare levy and Medicare levy surcharge – Navigating the Australian tax system can be challenging, especially when it comes to understanding the Medicare levy and the Medicare levy surcharge.

FBT and tax considerations for end-of-year parties and gifts – As the end-of-year season approaches, it’s a great time to celebrate with your employees and show appreciation for their hard work throughout the year; however, it’s essential to understand the potential tax implications.

Managing your business’s tax debts – Facing a tax bill is a common challenge for many Australian businesses, and the ATO has recently shifted to a more active approach to debt recovery.

Spouse contribution splitting: a strategic approach to retirement planning – As retirement approaches, couples often discover a significant imbalance in their superannuation accounts. Addressing it proactively can be beneficial for various retirement strategies.

Super, KiwiSaver and the Trans-Tasman Retirement Savings Portability Scheme – If you’re thinking of making a permanent move between New Zealand and Australia, what do you do about your superannuation fund or KiwiSaver scheme?