In this edition:

Welcome

Reporting requirements for Single Touch Payroll

Top tips for End of Financial Year planning

SMSF year-end checklist

What is the downsizer contributions cap? Important information for anyone over 65.

Requirements for keeping a motor vehicle log book

Property depreciation deductions for investors

Goodwin Chivas & Co. End of Financial Year Guide - June 2018

Welcome to our June newsletter and special End of Financial Year Guide. 

This month, we offer detailed information to help you prepare for the end of the tax year with the following articles:

• Top tips for End of Financial Year Planning. This is our comprehensive guide to help you approach your end of financial year planning and prepare your records for tax time including:
• a recap on recent federal budget measures
• individual and small business tax rates
• checklists for businesses such as company loans, superannuation, income received in advance and timing of expenses
• advice for small business owners including depreciation and home office expenses
• checklists for individuals covering motor vehicle expenses, gifts and personal deductions
• SMSF year-end checklist
• Requirements for keeping a motor vehicle log book
• Property depreciation deductions for investors

We also cover some important changes starting on 1 July including the new Single Touch Payroll requirements for businesses with 20 or more employees, and downsizer super caps for people over 65 selling their family home.

Our aim is to make better use of your time and keep you updated on matters affecting your business and family life. If you have any questions from any of the articles please contact your Manager or Partner at Goodwin Chivas & Co. 

The Goodwin Chivas & Co. team