December news

December 2024 Newsletter

This month’s newsletter is packed with helpful articles for the festive season and beyond.

As year-end celebrations approach, our first article explains the tax rules around Christmas expenses for business owners. We cover FBT, GST credits, and what’s tax deductible, so you can avoid any surprises.

Next, we explore claiming self-education expenses. While these costs are usually tax deductible if they relate to your work, there are some exceptions to be aware of.

We also share “12 super tips for a merry and bright retirement.” These simple steps can help you get the most out of your super and build a more secure future.

For anyone dreaming of small-scale farming, we outline key tax considerations, like non-commercial loss rules, that could affect your plans.

Finally, we look at how your super compares to others your age. Find out where you stand and how much you might need for retirement.

Happy reading.

Contents
This edition features pieces on:

  • Christmas and tax – what’s deductible and what’s not
  • Deductions for self-education courses – understanding the rules
  • 12 super tips for a merry and bright retirement – simple steps to boost your super
  • Small farms and tax deductions – what you need to know
  • How your super stacks up – comparing balances by age is now law

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

ATO Key Dates
To view the ATO’s key dates for December, please click here.

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Let's

Get in

Touch

Office

Level 1, 73 Canadian Bay Rd
Mount Eliza
VIC 3930
View on map

Mailing

P.O Box 121
Mount Eliza
VIC 3930