HLB Mann Judd’s 2021 End of Year Update shares a number of topics relating to planning for the holidays and new year.

In this issue we address:

Stapling super funds in the new year
Employers will have a new obligation towards new employees and super going into the new year.

And some FBT under the pear tree…
The end of the year might be the time that you look for ways in which to say thank you to your hardworking employees, especially after the challenges of the past 12 months

Getting ready for the holiday closedown period
With plenty of disruptions already happening this year to businesses across the country, ensuring that the holiday shutdown for your business goes smoothly is more important than ever.

Looking towards FBT strategies for 2022
There’s no better time to start reviewing how your business approaches entertainment expenses than as the end of the year approaches. Doing so could help you find new approaches and strategies to simplify how you handle fringe benefits.

Put your holiday money towards your super this year
The holidays can be an expensive time of the year but for those who may not be able to indulge in their usual travel plans, you could find yourself with some unexpected extra savings. By investing those savings into your superannuation fund through concessional contributions, you could put the money to good use.

Preparing your tax for the holidays
With the hustle and bustle of the holiday season, you may be looking for ways to prepare for the coming year. Tax might not be at the forefront of your mind, but preparing your taxes for the holidays should be a cost-saving measure that you put into place as soon as possible.