Integrity and excellence - accounting and financial consulting services

September 2012

In this issue: Click to Download PDFSmall business audits on the way; Update on the small business benchmarks; Changes that can trigger the new 20% FBT statutory formula rate; New changes affecting SMSF's; ATO tackles 'employee or contractor' question; Beneficiaries of trusts have 4-year amendment periods?; New ATO income tax guide for non-profit organisations; Download the PDF newsletter.

July 2012

In this issue: Click to Download PDFOccupations in the spotlight this tax time, Default assessments for non-lodgers, ASX securities data-matching project, eBay data-matching project, Reporting TFNs quoted to trusts for the first time in 2012, ATO cash sales benchmarks premanently withdrawn, Car parking threshold: 2012/13 FBT year, CGT improvment threshold: 2012/13. Download the PDF newsletter.

August 2012

In this issue: Click to Download PDFATO Compliance Projram 2012/13, ATO discretion to retain refunds - recent changes, GDP adjustment for 2012/13 PAYG instalment amounts, New building industry taxable payments reporting system, Car depreciation limit for 2012/13, Reasonable Overtime Meal Allowance Amounts - 2012/13. Download the PDF newsletter.

June 2012 Checklist - Business

Click to Download PDFIn this issue: Maximising deductions for non-SBE taxpayers, Prepayment strategies - non-SBE, Accelerating expenditure - non-SBE, Accrued expenditure - non-SBE, Maximising deductions for SBE taxpayers, Accelerating expenditure - SBE, Prepayment strategies - SBE, Information required. Download the PDF newsletter.

June 2012 Checklist - Individual

Click to Download PDFIn this issue: Tax saving strategies prior to 1 July 2012, Common work-related claims made by individuals, Information requried. Download the PDF newsletter.

June 2012

In this issue: Click to Download PDFBudget 2012 - Measures previously announced but not going ahead or bing deferred, Phasing out the Mature Age Worker tax offset, Consolidating the dependency offsets into a single tax offset, converting the Education Tax Refund into a new'Schoolkids Bonus', Changes to the Net Medical Expenses tax offset, Non-residents - changes to income tax rates and removal of the 50% CGT discount, Better targeting of the ETP tax offset-crackdown on golden handshakes, Reduction of tax concession for super contributions by high income earners, Company loss 'carry-back' tax relief, Trustee resolutions must be made no later that 30 June, FBT car parking threshold. Download the PDF newsletter.

May 2012

Click to Download PDFIn this issue: Private health insurance and Medicare levy surcharge changes, Super contributions made by EFT on 30 June results in more tax, Taxpayer's early access to super costs dearly, Cents per km car rates for 2011/12, FBT: Benchmark interest rate, FBT: Cents per kilometre basis. Download the PDF newsletter.