Practice Update December 2024
Practice Update December 2024 covers following points:
- Can staff celebrations attract FBT?
- Reminder of December 2024 Quarter Superannuation Guarantee (‘SG’)
- ATO’s tips for small businesses to ‘get it right’
- SMSFs cannot be used for Christmas presents!
- Taxpayer’s claims for various ‘home business’ expenses rejected
- ATO reminder about family trust elections