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Latest Accounting News
Hot Issues
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?
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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
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
Taxpayer failed to prove that payments were “loans”
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Items that heat up your depreciation deductions
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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