Loss carry-back scheme to encourage investment
Companies will be permitted to carry-back up to $1 million of losses annually against taxable income arising two years prior.
A blow for superannuation
Changes to superannuation laws in the 2012 Federal Budget may cause some Baby Boomers to rethink their retirement plans as increased contributions may now lead to cap breaches.
Managing CGT Liability
Tax payers can reduce their tax liability this end of financial year by deferring the realisation of a capital gain until after June 30.
The importance of estate planning
Estate planning is more than just having a will. It is about ensuring that a person’s estate is passed on to their beneficiaries in the most tax-effective and financially efficient way possible when they are gone.
Maximising your property claim
Property investors could guarantee more cash in their pockets this end of financial year by maximising property depreciation deductions.
Get a head start for the next financial year
Preparation is the key to efficient and effective financial planning for the 2012-2013 year ahead.
End of Year Tax Tips for Businesses & Individuals
Use these tips to help with you prepare your business for end of year 2012.
Year End Tax Superannuation Strategies
Superannuation issues are some of the most important considerations to keep in mind as the end of financial year approaches.
Maximising super for over 50’s
From July 1, the level of tax concessional super contributions that you can make will be significantly reduced, so it is a good idea to maximise contributions while you can.
Tax Update May 2012
The latest tax news for your business May 2012.
Tax Focus - GST Debt
Taxpayers that are finding it difficult to meet their GST obligations on time should be contacting the ATO as early as possible.
Seeking Guidance with a Tax Audit? Will You Be a Target?
The possibility of being selected for taxation audits rapidly increasing each year as the Australian Taxation Office (ATO) widens the scope of its audit activity due to technological advancements, allowing them to narrow their investigations, to those areas where there is the most risk to revenue.
Business Tax Planning: Are you on track?
Effective tax planning needs to not only make financial sense and be consistent with overall business objectives; it must also not run foul of either specific or general anti-avoidance provisions of the tax legislation.
Tax Update April 2012
Our regular monthly tax update for businesses of the South West, WA.
Fringe Benefits Tax
With the end of the Fringe Benefit Tax year upon us this month, it is critical that as an employer you understand your FBT obligations to avoid significant penalties from the Australian Taxation Office.
Tax Update March 2012
Your essential monthly tax news for you and your business.
Tax Update February 2012
Stay up-to-date with the latest tax changes, ATO rulings and find out how they will impact on you as an individual and your business.
Small business depreciation rules
The Government recently released exposure draft legislation proposing to make several tax law amendments in relation to depreciation rules for small business. The proposed amendments will apply to small businesses that have an annual turnover of less than $2 million for an income year from the 2012 - 2013 income tax year....
Tax Update December 2011
Our regular monthly tax update for businesses of the South West, WA.
New regulations for SMSF investments
From 1 July 2011, the ATO implemented new legislative standards on collectables and personal use assets purchased by self-managed super funds (SMSFs)....