Partners to rely on

Does your self-managed super fund invest in collectables or personal use assets?

New rules in relation to investment by Self-Managed Super Funds ('SMSFs') in collectable and personal use assets have commenced on 1 July 2011! These are the result of the Super System Review in 2010, which recommended a blanket ban on holding collectable and personal use assets by SMSFs. While the government rejected this recommendation, the new r...

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Client Information Bulletin June 2011

In this issue: Business Tax Planning Issues to Consider Prior to 30 June 2011, Are you planning to purchase substantial assets or a motor vehicle in your small business?, Are you receiving a pension from your SMSF? Consider Minimum Pension Payments, Beware of breaching super contributions caps!, What are Reportable Employer Superannuation Contribut...

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Federal Budget 2011/12

The Treasurer, Mr Wayne Swan, handed down the 2011/12 Federal Budget on 10 May 2011. In line with the promise to return the budget to surplus by 2012/13 despite the recent natural disasters, a number of changes were announced to achieve this objective. These changes are intended to achieve $22 billion worth of savings to and restrained spending by ...

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Client Information Bulletin April 2011

In this issue: FBT Year End To Do List, Collectables and Personal Use Assets in Super Funds, Are you receiving a pension from your SMSF?, Changes of Taxation of Trusts to Come, ATO Targetting GST Compliance, Study Expenses Now Deductible for Youth Allowance Recipients, and Flood Levy Update.

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Client Information Bulletin October 2010

In this issue: Update on minimum pension payments from Super Funds, ATO Compliance program 2010/11—target areas, Continuing ATO support for businesses in financial distress, FREE superannuation clearing house for small business through Medicare Australia, MyState Financial and Tas Perpetual Trustees Merger—tax implications for 2010!, Land Tax Refor...

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Client Information Bulletin October 2010

In this issue: Update on minimum pension payments from Super Funds, ATO Compliance program 2010/11—target areas, Continuing ATO support for businesses in financial distress, FREE superannuation clearing house for small business through Medicare Australia, MyState Financial and Tas Perpetual Trustees Merger—tax implications for 2010!, Land Tax Refor...

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Client Information Bulletin June 2010

In this issue: Newsflash – Update on Commissioner’s position on application of Division 7A to distributions made to companies from trusts, Reportable Employer Superannuation Contributions and what you need to do, Salary packaging arrangements – Should you review them now?, Year end super tax tip 1 – Have you taken your minimum payment from your sup...

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Client Information Bulletin May 2010

In this issue: Henry Review: Recommendations accepted initially, Recommendations adopted as part of the 2011 Federal Budget, Recommendations rejected, Recommendations not addressed at this point.

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Client Information Bulletin April 2010

In this issue: Henry Review imminent, Extension of land tax rebate deadline, ATO processing delays, ATO attack on trusts and unpaid present entitlements continues, Personal use of private company assets, Superannuation – concessional contributions cap, Self Managed Super Funds (SMSFs) – on the ATO radar, Small business entities –what concessions ar...

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Client Information Bulletin Summer 2009

In this issue: December 31 deadline for investment allowance, Christmas and FBT, FBT motor vehicle log book reminder, Tax office limits use of business loss offset rules, R&D tax offset, Gearing through a SMSF, Small business Fair Dismissal Code, The costs of holding your stock, Market your idea, Is opening your doors costing you?

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