Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
$20m boost for SME clients looking to exporting
Work-Related Expenses
ATO updates crypto guidance
ATO zones in on hundreds of newly created reserves
Senate passes $20,000 instant asset write-off extension
Victorian Vacant Property Tax
Director Penalty Notices
ATO set to pounce on undisclosed income streams
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
ATO speaks on risk factors, surveillance triggers for FY19
ATO’s corporate residency guidance cops backlash
ATO dispels top tax time myths to clients as clampdown rolls out
Tools for budgeting, cash flow, Super and more ….
Guidance for SMSFs on transfer balance reporting
ATO issues alert on super, tax scams
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.
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Articles
Reduction to Minimum Pension Drawdowns for 2008/09
Government Stimulus Package
Working Australian Tax Bonus ($300 - $900 per individual)
Working Bonus – More Detail
Single Income Family Bonus ($900 per family)
Training and Learning Bonus ($950 per individual)
Farmer’s Hardship Bonus ($950 per household)
George & John News
2008 Tax Return Checklists
Send us your File via our website.

Specific Roles of an Executor

What does an Executor do?
Specific Roles of an Executor
Appointor – what does this mean?

Role of Trustees of Family Trusts

PAYG Instalments 20% Reduction
Granny Flats - are you entitled to Rent Assistance?
Interest Rates & Strategies
Change in Fuel Tax Credits
George & John News
From the desks of George and John

Hello to all of you, and on behalf of John and myself may we wish you a Merry Christmas and a Healthy, Happy and Profitable New Year 2009.

With the recent turmoil in financial markets around the world, many of you will be wondering what you can do to strengthen your position over the next months. We are already seeing signs in the retail sector indicating that sales expected may not come to fruition as the public prepares for lean times.

At such periods of financial query, it is of the utmost importance that you consider your current and future cashflow requirements; it may be worthwhile to talk to us about assisting you to prepare such a document, and provide you with a "health check" on your business.

The Banks would also appreciate your endeavours in this manner.

It may be time on the basis of the results as shown by the above reports, that you may need to re- finance the business or other loans, and with the decrease in current interest rates, and the possibility of another one or two cuts in the future (February, March 2009), look to the separation of business/private loan structures, and maybe even fix portions of loans at today's rates.

We have association with providers of Finance for Business / Private and Home Loans, Life Insurance, Income Protection; all these are objects which need looking at in today's times.

The cashflow of your business, and how you use it particularly today, is the most important ingredient in maintaining your viability in your respective market; thinking about your cash requirements, putting such on paper and looking at the future needs of your business is a must exercise that we all need to complete now.

Please contact either John or myself and allow us the opportunity to assist you in this exercise.

George Psiakis and John Clarke

 

Other information we would like to bring to your notice this month;

  • The Economic Downturn - Possible Issues for Business:    Link Here
  •                    Courtesy of Macpherson + Kelly Lawyers
  • How and Why the Financial Crisis Unfolded:            Link Here
  •                    By Stuart Fagg, Ninemas Money

 

In case you missed out on the previous issues;



2nd-March-2009