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The due date of your tax return depends on how you lodge, and whether you have any unlodged tax returns. The normal (early) due date is 31 October 2012. This applies to anybody who lodges their own tax return. If you lodge through a registered tax agent, you get an extension to the due date. …

The due date of the September BAS is 28 October 2012… BUT you may be entitled to an extension. Plus, the September BAS is the only BAS that gives you the chance to switch to the easiest possible GST method that can cut your paperwork by half. Extension for lodgment of BAS September 2012 The …

The short answer is “yes”, there are several ways to use your super to buy gold. Read on to find out how. It wouldn’t take Sherlock Holmes to conclude that people are worried about the global economy, and its effect on their super. Between 2001 and 2007 the Australian Stock Exchange was booming, and super …

Have you lost important tax paperwork? Finding a replacement is not as hard as your think. This article shows the quickest way to find lost tax records, including old PAYG Payment Summaries (aka lost group certificates). ATO pre-filling The simplest and fastest way to find your missing tax information is to obtain your ATO Pre-filling …

You are probably aware that it is compulsory to lodge an Australian tax return every year. But maybe you have been a bit “naughty” and you have some overdue tax returns. You might have been too busy, the tax return form might have looked too complicated or there may have been legitimate reasons (like health …

Tax dodgers to get the Underbelly treatment The ATO has sent a warning to tax agents about clients with overdue tax returns: hurry up and lodge, or we’ll lodge for you! They are threatening to use a tactic you might have seen if you watched series one of Underbelly. (More on that below). The ATO …

The special 2012-13 budget edition of our monthly newsletter is available now for download for clients and website subscribers of Beyond Accountancy. To get your copy of the budget update please subscribe to our newsletter using the form on this website. Headlines: Super contributions limit cut for people over 50 Education tax refund payment to …

The government is pushing for major changes to the Living Away From Home Allowance (LAFHA) which will wipe out many of the tax benefits for temporary residents from 1 July 2012. Tip: if you want skip the background information and go straight to the new rules, scroll down to the fourth heading. What is Living …

As the deadine approaches for the latest quarterly business activity statement (BAS) there will be many business owners starting to stress. The quarterly chore of lodging a BAS holds as much anticipation as an appointment with the dentist.  Where are those receipts I was keeping? Can I claim GST on that? How much am I …

Why does the ATO pay so much attention to teachers? Every year the ATO gives special attention to certain occupations when deciding who to audit. Have you ever wondered why teachers are on the hit list every couple of years? According to the ABS there are 280,000 teachers in Australia. This makes teaching one of …