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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

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Hot Issues
Our Advent calendar for 2017
Capital Gains and Renounceable Rights
Treasury finds Australia 'increasingly uncompetitive' as US moves on tax plans
Australia's vital statistics
SMSFs warned on ‘ticking time bomb’ with outdated deeds
Taxation ruling on commercial website deductibility
68% of SMEs ‘significantly stressed,’ 85% rely on accountants
Statutory wills are underutilised in estate planning
Small business slips on lodgement deadlines
300,000 SMEs utilising $20K write-off, says ATO
‘A bad thing times 10’: ATO set for new SMSF blitz
Capital Gains and Renounceable Rights
Paperwork bungles lead to $38k in payments
Australian Dietary Guidelines and healthy eating chart (PDF)
Former director liable for company’s unpaid tax liabilities
Resources on our site to help you, your family and your friends.
Super for housing measures enter Senate
No Special Circumstances to allow Excess Super Contributions
Housing tax measures progress to Parliament
AirBnb – wrong tax outcome?
Are young investors wasting their youth?
ATO sending 'more letters than ever' on income tax errors
Powerful Budgeting, cash flow and Super Tools available on our site.
Property, unit trusts in ATO's sights
Australian Dietary Guidelines and healthy eating chart (PDF)
Major Bank Levy Passed
NSW tops list as ATO reveals billions in lost super
How is your super going, ready for retirement?
Australia's leading causes of death - ABS
ATO increasing data exchange with international regulators
Illegal SMSF early access scheme leads to $6,000 fine
Our 'hardest' SMSF tasks
Uber drivers hit for 10% tax
Lack of literacy promotes unrealistic goals
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Articles
Superannuation Surcharge Not Abolished?
Victorian Debit Tax Abolished
2005 ? Companies, Partnerships, Trusts and Other Businesses Checklist
2005 ? Individual Tax Returns Checklist
$500 Incentive for Mature Age Workers
Substantiation of Work and Car Expenses for Income Tax Claims
Superannuation Surcharge Abolished? ? Action Now
Children?s Bank Accounts and Tax File Numbers
Higher Education Contribution Scheme and Income Tax
Superannuation Contributions ? Double Jeopardy
Private Health Insurance ? Reduced Premium
Absorption Costing for Retail and Wholesale Industries ? Update
Workplace Insurance ? Different Locations
Fringe Benefits Tax ? Exempt Laptop or Not
Rewards Received Under Consumer Loyalty Programs
Superannuation Surcharge Not Abolished?
Contrary news to previous update.

We were led to believe that the Government wanted to abolish the unpopular tax known as superannuation surcharge.

Last week the relevant legislation was rejected when presented in the Senate ? as predicted.

However, the current position is that it will not be re-introduced when it can be passed by the Senate.

What will happen is up to the politicians.

What does that mean for year end planning?  The old principles apply ? defer income, bring forward expenses if possible and take advantage of the reduced tax rates and deferral of tax.  

And make sure that superannuation contributions are physically paid.
    


29th-June-2005