Monthly update, December 2024

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.

This issue reflects the law when it was published. Tax and super rules change often, so please call us before acting on anything in it.