Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
In case you missed it – The company tax Bill that did pass Parliament.
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
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ATO’s corporate residency guidance cops backlash
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Tools for budgeting, cash flow, Super and more ….
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Salary sacrifice integrity
Understanding the evolution of blockchain and cryptocurrencies
Update to Australia's vital statistics
Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds
SMSFs - Our 'hardest' jobs
Tax Office reveals adventurous, dubious claims ahead of tax time
ATO reveals top tax time mistakes, set to contact 1 million taxpayers
Watch out for charges with incoming GST laws.
Super savings gap for women stuck at 30%
‘Wipe the slate clean’: Clients, accountants urged to use new amnesty period
Statistics for all Australians
Touch Payroll (STP)
‘Calm before the storm’: Government proposes 12-month SG amnesty
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Articles
Player Management Fee Deductions
Can a Charity Operate a Commercial Activity?
Australian Citizenship Test
Tax Exemption for Terminal Illness
Payroll Tax Reminder
Anti-Money Laundering Update
Donations to Political Parties - No More
Budget 2008 - 2009
Lump Sum Payment Assessable as Income
Penalties for Recklessness in Preparing Business Activity Statements (BAS)
Superannuation Contributions on a payment in lieu of notice
2007 Tax return Checklist - Companies, Partnerships, Trusts and Other Businesses
2007 Tax Return Checklist - Individuals
New Home Savings Funds
Pensions & Share Market
Poison Pen - Expensive
Donations to Political Parties - No More

 

In the first bill introduced by the new government, most donations to political parties or individual were made non-deductible.


 

Specific tax deductions are removed for contributions and gifts to political parties and independent members and candidates.

General tax deductions are removed for business.

However, employees and office holders can claim deductions under S 8(1) provided they meet the general deduction requirements.

This change applies to parties, members and candidates at federal, state and local government level.

 

 

 

 

 

 

 

 

 

 

 

 

 

 



4th-June-2008