Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

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Hot Issues
Fringe Benefits Tax (FBT): employees’ private use of vehicles
ATO to contact clients over bank details
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Appetite for property in SMSFs shows signs of life despite tough market
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Identification numbers for directors
How financial advice helps create wealth.
Australia's vital statistics
Unlocking equity crowdfunding in Australia
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Work-Related Expenses
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Victorian Vacant Property Tax
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ATO set to pounce on undisclosed income streams
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GST spotlight headed to smaller end of town
Superannuation Amnesty – Maybe! Maybe Not!
ATO drills in car-sharing focus this tax time
What is Bankruptcy?
Update of Australia's vital statistics
ATO speaks on risk factors, surveillance triggers for FY19
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Tools for budgeting, cash flow, Super and more ….
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Articles
Co-Contribution to Stop 11 October 2004?
Federal Election ? Many Bills Lapse
Contracts Of Employment Are Essential
Termination of Employment ? Harsh
Overdue Tax Debt?
Income Protection equals Peace of Mind
Preparing Your Own Tax Return?
Resolution of Workplace Injuries
Personal Debt A Struggle?
Tax Debts Danger ? Directors Can Remain Personally Liable
High Court Rules Against Split Loans
Australian Taxation Office Business Direct Access
Court Case Ends Working From Home
Property Insurance
Property Repairs ? Claimable or Not?
Substantial Renovations ? GST problem?
Boiler Rooms - More Scams
Main Residence Exemption ? Home Office Danger
Taxation of Compensation Receipts
Co-Contribution to Stop 11 October 2004?
If Labour wins the upcoming Federal election, the co-contribution superannuation rules will change ? probably abolished.

If you are likely to be eligible for this bonus to your superannuation, it could be wise to make the contribution before the election.  This is certainly not an attempt to predict the result ? recent elections have been close and a few seats either way might decide the result.

If you or a member of the family could benefit from the co-contribution bonus this year and you are expecting to contribute later in the year, it would be prudent to invest now.

In case you have not remembered, the key features are:-

  • up to $1,500 government bonus for $1,000 of personal contributions to your superannuation
  • must earn 10% from eligible employment
  • must lodge a tax return
  • under age 71 and Australian citizen or permanent resident
  • earnings less than $58,000.

If you or a member of your family is eligible, your tax adviser can explain in more detail the eligibility criteria and benefits.
  


28th-September-2004