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Articles
When to put tax schemes to the test
Scrutiny on Takings
Benchmarking and Australian Taxation Office (ATO) Aggressive Approach
SMSF Member Verification System Made Easier
May 2011 Newsletter
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Federal Budget 2011-12.    At a Glance
Federal Budget 2011-12.   Overview
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 - Benchmark by Australian Taxation Office (ATO) Withdrawn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
April 2011 Newsletter
From George and John

  APRIL 2011

Hope we all had a safe and Happy Easter; will probably be a long time before we get a break that long again.

At this point may we remind those of you who have Superannuation Contributions coming from more than one source to please check the amounts contributed so that we do not exceed the annual limits for this year and attract Excess Superannuation Contributions Tax.

The Tax Office is watching this part of Superannuation very carefully and is quick to apply the extra tax. Planners and Employers should be aware of the limits.

Limits for the year are - Age to 50 Years - Concessional Cap - $25,000.00

                                    Age over 50 Years - Concessional Cap - $50,000.00

Just a note to thank those of our clients that have managed to get their information to us, giving us time to complete and lodge. Those still outstanding should get a wriggle on.

Articles this month centre around the Taxation and Distribution of Income from Trusts, a quick look at the economy and its future, a comment on inflationary trends, SME's and future borrowing sources and some last minute tax tips for the year 2011.

Many thanks for your support,

George Psiakis and John Clarke

 

Included in this April communiqué -

            FromStartupSmart

     ATO Launches guide to combat tax avoidance - Link Here

     Government outlines plans to simplify family trusts- Link Here

     Parliamentary inquiry prompts call for SME definition - Link Here

 

            From SmartCompany

     Experts wary of suggestions trusts could be targeted in Federal Budget - Link Here

     Business services sector outlook good, but economy still patchy: Access Economics- Link Here

     Inflation higher than expected, rate rise expectations grow - Link Here

 

            From IPAC Money Mentors

     Last minute tax tips for June 2011 - Link Here

 

 

 



19th-May-2011