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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Tools for budgeting, cash flow, Super and more ….
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Salary sacrifice integrity
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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
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
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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
Interest Rates & Strategies

Almost every commentator agrees that Australian interest rates will fall over the next year.


The investor can expect that interest rates below 4% on Cash Management Trust will be with us soon. Term Deposit rates continue to fall. It is not many months since two years at 8% plus was available, so if you are lucky enough or have planned well enough to be cashed up and can invest some of your available funds for the longer term, you should consider locking in those Term Deposit rates now.

Borrowers can expect their variable rates to continue to fall and continue to take advantage of those. However, they should be aware of the steps necessary and how long it may take for their loans to be converted to fixed loans at some time within the next twelve months.

Anyone on a fixed rate loan could be well advised to ascertain the break cost now. That cost is likely to increase as the differential between the variable rates and the fixed rate increases over the next few months. The plan would be to take a variable loan for a short period of time, then when fixed rates are set lower lock in another fixed rate period.

An analysis of the break cost and the new fee on setting the rate later are part of the determination of how much savings can be achieved.

 

 

 

 

 

 

 

 



3rd-February-2009