Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

find:
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SMSFs warned on ‘ticking time bomb’ with outdated deeds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
Australia's leading causes of death - ABS
How is your super going, ready for retirement?
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
Amnesty – Overseas Undeclared Income
Crackdown on Phoenix Activity
Guarantee Costs Occasionally Deductible
Australian Taxation Office (ATO) Bungled Attack on Foreigners
Gifts Provided to Employees at a Christmas Party – any FBT?
Reminder Tax Break Deadlines
Recognition of same-sex Couples in Super
Attitude of Banks to Insolvency
Tax File Numbers (TFN) and Super Funds
Amnesty – Overseas Undeclared Income
If taxpayers have unreported income from offshore activities, now is the time to report it.

The Offshore Voluntary Disclosure Initiative (OVDI) is available to all taxpayers until 30 June 2010.

 

Taxpayers may have unreported offshore income if they:-

 

·         change their country of residence, or

·         are unsure how to deal with investments in offshore funds or bank accounts

·         thought that salary earned and taxed overseas (after 1 July 2009) was tax free

 

Persons with omitted foreign income may want to tell the Tax Office, but are concerned about the consequences of doing so, particularly the potential for criminal investigation.  This offer provides the following benefits:-

 

·         approach can be anonymously

·         the Australian Taxation Office will indicate whether it would investigate the arrangements for any potential criminal law breaches

·         reduced shortfall penalties (zero if less than $20,000 income)

concessions for the general interest charge

22nd-December-2009