June Newsletter 2024

tax news | views | clues

June Newsletter 2024

We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 27 May 2024.

Get ready for tax time 2024 – The ATO has recently flagged some primary areas where taxpayers frequently make mistakes on their tax returns.

ATO crypto data-matching program extended – The ATO has announced it will extend its current crypto asset data-matching program through to the 2025–2026 financial year.

Navigating complexities of crypto investments: SMSFs – The digital currency landscape continues to be treacherous terrain for SMSF trustees, with a growing number of reports indicating significant losses due to scams, theft and collapsed trading platforms.

Superannuation switching schemes and investment scams: what to look out for – ASIC has warned consumers to beware of “cold callers” offering to switch your super, and has raised the alarm about a recent increase in sophisticated scams encouraging people to invest in fake bonds and term deposits.

Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.

Yours Sincerely the Team at Rittwatchman & Associates.

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