Hi to all.

It's now the end of the financial and we have our housekeeping to do. This newsletter is mostly about those tax tips everyone wants and some things to look out for.

With tax tips we have two articles from Smart Company. As a no no we point out what CPA Australia call the ‘Seven Unforgivable Tax Sins", Small Business Victoria noting dodgy tax schemes, and Smart Company suggesting whos on the ATO hit list.

In the attempt to help out with the struggling SMEs, the ATO is putting together some help with tax debt. This is outlined in the next article from Smart Company, "How the ATO will help small businesses with tax debts".

Finally we include what we hope will be a regular feature on Computer and Accounting Software tips. We look at what most find a pain, RDO's and MYOB.

Enjoy the read, please contact us in regard to any matters of interest or concern. 

    George Psiakis and John Clarke

Articles

14 Tax Tactices for SMEs, Michael Laurence, Smartcompany : Link Here

15 More Tax Tips from the Experts, Patrick Stanford, Smartcompany : Link Here

Seven Unforgivable Tax Sins, CPA Australia : Link Here

Business Tips: Beware Dodgy Tax Schemes, Small Business Victoria : Link Here

ATO puts sales and marketing staff and the wealthy at the top of the hit list, James Thompson, Smartcompany : Link Here

How the ATO will help small business with tax debts, Terry Hayes, Smartcompany : Link Here

MYOB Tip, Handling Rostered Days Off in MYOB, Aubrey Paton & Associates: Link Here

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In case you missed out on the previous issues;

March News Had; Link Here

• Trap for Main Residence Exemption and First Home Owners Grant, Courtesy of Macpherson + Kelly Lawyers : Link Here
• ATO loses Test Case on Investments in Agribusiness Managed Investment Scheme,Courtesy Of Macpherson + Kelly Lawyers : Link Here
• Education Tax Refund Helps with School Costs, ATO : Link Here
• Fuel Tax Credit Rates as at1 January 2009, ATO : Link Here
• Proactive Debt Management, Viewpoint Financial Services : Link Here
• Cash is Still King, Viewpoint Financial Services : Link Here
• The 10 Riskiest Industries for 2009, James Thomson, Smart Company : Link Here

December News Had; Link Here

• 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

 September News Had; Link Here

• Self Managed Super Funds Link Here
• ATO compliance crackdown should be a wake up call  Link Here 

July News included; Link Here

• The most common errors in Taxation Returns.
• Bookkeeping and Record Keeping in light of Australian Taxation Office obligations.
• Here we have some very important information for Clients with Rental Properties - Link Here
• We also update our tax return check lists
• 2008 Individual Tax Return,
• 2008 Superannuation Fund Tax Return Checklist
• 2008 Company, Trust or Partnership Tax Return Checklist
• We continue the link to our News Letters
• July 2008 Newsletter Click Here
• June 2008 Newsletter Click Here