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When to put tax schemes to the test
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Outstanding Tax returns - Some Years?
Tax advice privilege for Accountants a possibility
Egg on Face? - Benchmark by Australian Taxation Office (ATO) Withdrawn
March 2011 Newsletter
March 2011 Newsletter

From George and John


 MARCH 2011

 

Hello All

Welcome to our March communiqué.

An interesting article this month regarding the allowance of credit; it appears that the "soft" approach as a result of the GFC has now been shelved and businesses are now facing much tighter demands for payment from their suppliers.

Cashflow (as we have stated many times before) is again the main controlling factor in business survival; and as the banks are still reluctant or very conservative regarding "top-up" borrowings, business must be ever watchfull of its spending vs collecting ratios. In many of our Analysis models, on client results, just two (2) days saving in Debtors days can result in a substantial increase in cashflow.

DEADLINES:  Companies and Trusts - final date for lodgement is 15 MAY 2011, no extension.

We may, as has been the case in the past, obtain a two week extension for Individuals and Partnerships.

Please allow us time to lodge your returns in time to avoid penalties.

 

Included in this March communiqué -

            Trade credit plunges as businesses worry about getting paid - Link Here

            Shorten says Super increase at risk as Bob Brown sees red over company tax cuts - Link Here

            Company directors back ASIC chief's concerns on director liabilities - Link Here

           

Cheers

George Psiakis & John Clarke.



1st-April-2011