Online Consultations – your accountant is as close as your computer In a busy world you need to find smarter ways of working to get your important jobs done. Many people are time poor and there are jobs that never seem to get to the top of their to-do list. Lodging a tax return is … Read more
Need a lifeline? Do you have outstanding tax returns that you have been putting off for years? Or are you struggling to pay a tax debt? Have you received a fine from the ATO which you think is unfair? Not sure what to do next? We can help with ATO debt and overdue returns Related … Read more
If you have come to Australia to work, or if you have investments in Australia, you need to understand the tax and financial issues that relate to you. Whether you are: working in Australia on a short term assignment with an overseas employer permanently migrating to Australia on a temporary resident visa having a working … Read more
Key budget changes 2011 By Jarrod Rogers CPA, May 2011 Superannuation Super contributions limits for over 50s The government has confirmed that a higher concessional contributions cap will apply to people over 50. Currently the concessional contributions cap is $25,000, but for people over 50 the limit is $50,000. This allows people over 50 to … Read more
Key changes for SMSFs Reduction of 25% in the minimum pension payment amounts for 2011-12 The Government will phase out the pension drawdown relief that has been provided over the last three years. Minimum payment amounts for account-based, allocated and market linked (term allocated) pensions have been reduced by 50% since the global financial crisis … Read more
<h3>Tax write off for purchase of motor vehicles</h3> The Government will allow small businesses to claim up to $5,000 as an immediate deduction for motor vehicles, with effect for vehicles acquired from the 2012-13 income year. This is an additional break on top of the new depreciation rules that are proposed to start in 2012-13. … Read more
(re-posted from May 2011) The tax changes can be found on the government’s budget website at the following two links: 1. “Revenue measures” (i.e. tax increases) 2. “Expense measures” (i.e. tax-related spending programmes) We have picked out a few of the changes I think will most effect people on separate pages. Self Managed Super Funds … Read more
Standard fees Standard return from $176 Employees with deductions and minor investments (<5 dividends). Complex return from $231 The higher rate will apply for the following: Rental property schedule. Add $55 for each additional schedule. For joint properties we only charge this fee per property, not per owner. Motor vehicle claim using the log book … Read more
Preface Welcome to the latest edition of Taxation statistics, the ATO’s most comprehensive statistical publication. The publication is a thorough and detailed collection of data compiled from information provided to the ATO via tax returns for the 2008-09 income year and other information such as GST annual returns and business activity statements reported for the … Read more
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