February 2020: Tax issues when dealing with volunteers

The bushfire season has highlighted the very central importance that volunteers play in Australia, but along with these essential roles there can also be tax outcomes to consider. 

 We also sketch out the essentials to know about the First Home Super Saver scheme, succession planning for family businesses, and the possible tax offsets available in the superannuation arena. Discretional trust distributions are also briefly explained.

 Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter. 

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