MNY Group 2020 April Newsletter

Access to the full version by clicking the link below:

In April we have included Topics including:

Covid-19: Your stimulus and rescue package explained
A legislative package has been pushed through Parliament which contains a number of bills that implement the government’s economic response to the spread of the coronavirus.

e-bikes, FBT, and salary sacrificing
Entering into a remuneration package to secure a vehicle through a salary sacrifice arrangement is a popular option offered to employees. However the ATO has issued a ruling on another particular set of wheels that opens up both a tax and health incentive.

Individual or corporate trustee for your SMSF?
When establishing a self managed superannuation fund (SMSF), one central decision to be made early on
is if the trustee structure is to consist
of individual trustees or a corporate trustee. Between these choices, you can have up to four individual trustees, or one company that acts as trustee (with that incorporated body having up to
four directors).

*Please feel free to inbox us if you/ your companies would like to be included in our Monthly Newsletter Email List for free

Leave a comment


The content of MNY Group Chartered Accountants' website - is original. Please do not copy, modify, distribute, republish, share, display or demonstrate all or part of the information and materials on this website without our written consent. The contents and materials on the website are only for reference and are not official financial advice or suggestions. According to the different situations of each individual/entity, please consult a professional accountant.