02 Jun June Newsletter 2025
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 26 May 2025.
- Tax and your child’s money: what parents need to know – If your child has a savings account or receives other income, you need to know how to help them manage their finances and meet their tax obligations.
- Working out your WFH expenses this tax time – Remember, to be eligible to claim WFH expenses, you need to be genuinely working from home to fulfil your employment duties, not just checking emails or taking occasional calls.
- Instant asset write-off extended to 30 June 2025 – The instant asset write-off enables eligible businesses to claim an immediate $20,000 deduction for the business portion of the cost of an asset in the year it is first used or installed ready for use.
- Playing music in your business? Get your licensing sorted – Most music is legally protected by copyright, meaning businesses need permission or a licence to play it in public settings.
- ATO warns about misinformation on super changes circulating online – Are you worried about rumors claiming your super preservation age will change from 1 June 2025? The ATO has confirmed these claims are false.
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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