Budget Edition Newsletter  – May 2023

Enjoy our Federal Budget summary Newsletter which includes:

  • Superannuation is to be paid with wages – starting from 2026
  • Instant asset write-off, down to $20k
  • GDP adjustment factor
  • Superfund non-arms length expenditure review new rules
  • ATO compliance program – more strength to collect taxes and keep you on your toes
  • Some free tickets for non-lodgers of returns in getting their taxes up to date with some penalties waived
  • New taxes with large superannuation balances

Take a look at our Newsletter here

Reach out to us if you need clarification on any budget matters.