On the Money June 2023

On the money June 2023

In this month’s newsletter ‘On the Money June 2023’, JHL Accounting focuses on the highlights from the 2023 -24 Federal Budget, including:

  • Individuals
  • Small & Medium sized businesses
  • Superannuation

We also focus on 2023 year end tax planning with a guide to key tax minimisation strategies and the end of financial year, including:

  • Delay deriving assessable income
  • Bringing forward deductible expenses or losses, including:
    • Prepayment of expenses
    • Superannuation contributions
    • Capital gains/losses
    • Accounts payable (creditors)
  • Obligations that need to be considered in relation to the end of financial year
  • Other tax effective strategies for businesses
  • Superannuation tax planning opportunities
  • Immediate write-off for individuals small business assets

‘On the Money’ June 2023 – JHL Accounting

We have also included a very useful 2022-23 tax return check list for Individuals and also for Companies, Partnerships, Trusts and other businesses ready for you to use when preparing your information for tax time.

If you would like to discuss these matters further please contact JHL Accounting .

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