Monthly Update [March 2025]

Salary sacrifice vs Personal Deductible Contributions: And the winner is…

In this issue, we explore salary sacrifice vs personal deductible superannuation contributions – both valuable strategies, but which one is right for you? We break down the key differences and factors to consider, such as employment status, cash flow, and flexibility needs.
 
We also highlight important tax considerations for cryptocurrency investors. Whether you’ve made a gain or loss, we share tips that may help you legally reduce your tax bill, while ensuring you stay compliant with the ATO!
 
Next, we cover an often-overlooked opportunity: claiming capital gains tax (CGT) small business concessions when you own an asset used by someone else in their business. This could include land, a factory, or even a trademark, so if you’re in this situation, you may have tax-saving opportunities when selling the asset.
 
Finally, we have included a handy fringe benefits tax (FBT) checklist to help identify potential FBT liabilities. While your accountant will prepare your FBT return, not all benefits provided to employees (or their associates) are always obvious – this checklist can help ensure nothing is overlooked.

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2025 – 03 – MBS Monthly Update

Disclaimer & Copyright: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this informatioe

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