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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
300,000 SMEs utilising $20K write-off, says ATO
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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
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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
Taxpayer failed to prove that payments were “loans”
New STP dates confirmed as ATO goes on compliance blitz
ATO flags compliance project for FY17/18
Items that heat up your depreciation deductions
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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