Newsletter – February 2024
Welcome to 2024, we hope you had a relaxing break and that the new year has been treating you well so far. As we enter the second half of the financial year, the Gibson Clark team has been compiling the below information to help you stay up to date with the latest ATO changes, alongside some food for thought, as we approach tax time.
If you have any questions related to the below articles or more general queries, please give us a call or contact us here.
Changes to Stage-Three Tax Cuts
No doubt some of you would have read about the proposed changes (to the original changes) to the tax rates from July 1, 2024, onwards. While the changes have not yet been legislated, they are expected to be passed as follows…read more here.
Catch-Up Concessional Contributions 
Should you find yourself wanting to contribute more to your Superannuation Fund, and with unused contribution cap amounts, you could consider your eligibility to make catch-up concessional contributions….read more here.
Cyber Safety and Identity Protection
Cyber security and cyber safety have been hot topics in recent years, particularly when it comes to safeguarding your financial information. But how do you protect your identity and personal information in this digital age? Here are some tips…read more here.
Superannuation Guarantee Charge
Should you fail to pay your employees’ super guarantee amount in full, by the due date and to the right fund, you must pay the Super Guarantee Charge (SGC) and lodge an SGC statement with the ATO. The SGC charge is made up of the following…read more here.
Logbooks and Claiming Motor Vehicle Expenses
Whether you are an employer, employee, or sole trader, with the increase in ATO scrutiny, it is important to understand the requirements when it comes to using the logbook method to claim motor vehicle expenses…read more here.
