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Foreign resident CGT withholding: early recognition of tax credit
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New downsizing cap available
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Treasury finds Australia 'increasingly uncompetitive' as US moves on tax plans
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From George and John

Merry Christmas and a Happy new Year to all our clients.
Powerful Superannuation tool on our site.
Gifts Provided to Employees at a Christmas Party – any FBT?
Reminder Tax Break Deadlines
Australian Taxation Office (ATO) Bungled Attack on Foreigners
Tax File Numbers (TFN) and Super Funds
Recognition of same-sex Couples in Super
Attitude of Banks to Insolvency
From the Desks of George and John
3 x Tax Time Checklists
Director Penalties – Workplace Relations Act
Tougher Sponsored Workers Policy
Insolvent Trading Defences
Case Study - Player Management Fee Deductions
From the Desks of George and John

September 2009


Hi to all,

Its that time for our newsletter so we thought we would start off with a bit of house cleaning.

Business: Working Capital

Businesses, more than ever are approaching lower sales and static expenses, which is increasing the need for working capital.

There are many ways working capital can be obtained;

  • Debtor Finance
  • Factoring
  • Overdraft
  • Commercial Loan Working Capital
  • Sale and Leaseback
  • Equipment Leasing

There are still lenders lending for these purposes; however the requirements that form part of the application process are quite specific;

  1. A business plan - specifically detailing what the money will be used for and the impact of that money both in expenses and income
  2. Cash Flow forecasts - with assumptions
  3. A Marketing Plan - how will the business reposition itself with the use of this money for more income opportunities
  4. Detailed Financials Notes - must detail changes the business has made to reduce expenses or what it plans to do in a worst case scenario.

These are generally required in addition to the standard information that would normally be supplied with an application.

If we can be of any assistance at all we would be glad to help.


Articles we have for your enjoyment this time. There is some good reading here.

General topics

Applying for a Loan. CPA Australia : Link Here

Small Business and Dealing with Debt. CPA Australia : Link Here


25 more ways to cut costs. James Thomson, Smartcompany : Link Here

How to get a Government Loan. James Thomson, Smartcompany : Link Here


Time to review your super balance. ReconEspreon : Link Here

Riding out the super fund slump. Shane Oliver, Smartcompany : Link Here

Why many fund managers aren't worth the fees you pay. Tony Boyd, Smartcompany : Link Here


Tax Break Tips. Terry Hayes, Smartcompany : Link Here

New Tax Laws will make it easier for SME's to use Tax Losses. Patrick Stanford, Smartcompany : Link Here

ATO targets salary sacrifice super contributions. Patrick Stanford, Smartcompany : Link Here

ATO set to launch crackdown on Trusts. James Thomson, Smartcompany : Link Here


Please read the advice given in these articles carefully and as with any questions, we would be glad to help.


George And John

Aubrey Paton & Associates



In case you missed out on the previous issues;

June 2009 News Had; Link Here

  • 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

March 2009 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 2008 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 2008 News Had; Link Here

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

July 2008 News included; Link Here