The BDO Year-End Tax Bulletin provides a comprehensive overview of important tax considerations for taxpayers as the financial year ends. It highlights key announcements from the 2023 Federal Budget, including immediate capital write-offs, and small business incentives.
As the 2022/23 financial year draws to a close, both individuals and organisations should consider the key tax planning and compliance issues they need to attend to by 30 June.
In this year’s BDO Year-End Tax Bulletin, we summarise the key tax measures from the 2023 Federal Budget and important updates from the last financial year. In addition, we outline ongoing year-end issues and considerations for taxpayers.
Covering a wide range of topics that are relevant to your specific tax planning needs, the bulletin includes:
- Individual tax rates
- Trust distributions
- Investment and Capital Gains Tax strategies
- Company taxation
- Employment-related changes
- Tax accounting
- Compliance measures.
The BDO 2023 Year-End Tax Bulletin provides an outline to help manage your compulsory tax compliance and year-end tax liabilities, but please note this is not comprehensive. Before acting on the information provided, you should consider your individual circumstances and consult your BDO tax adviser.