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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
Touch Payroll (STP)
‘Calm before the storm’: Government proposes 12-month SG amnesty
Government intensifies cash payments crackdown - Kelly O'Dwyer
Passive investment companies tax rate still 30%
Cryptocurrency audits tipped to increase this EOFY
Australia by numbers – Update
$2.4m lost to tax scams, ACCC reports
No GST on digital currency
Federal Budget 2018 - Overview
Your Budget
4 components of our 2018 Federal Budget
Resources to help understand and implement Single Touch Payroll (STP)
New rules capture SMSFs trading big with cryptocurrency
New passive income test for lower corporate tax rate
Tools to help you manage your financial position are available on our site.
‘A simple mistake can attract our attention’: ATO reminder about FBT slips-ups
Australia by numbers – Update
Beware residency rules if moving overseas
Meaningful tax reform in high demand
Working holidaymakers and tax returns
Single Touch Payroll – 1 April 2018 Action
Property investors on notice after ATO spots false claims
ATO issues update on cryptocurrency compliance traps
Australia's vital statistics
Accountants spy elder abuse spike as mortgage stress sets in
Tax office releases fresh guidance on SMSFs
Labor's tax plans could favour the rich, analysis shows
FBT Reminder – Odometer Reading
Our website is really our digital office.
‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list
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Articles
DECEMBER 2011 NEWSLETER
Merry Christmas 2011
Few know exactly what their true financial position is, do you?
Employee Christmas Parties and Gifts  -  Any FBT?
FBT - Christmas Parties and Taxi Fares
Charitable donations
SMSFs rise to meet new challenges
The Budgeting Tool / Calculators on our website have been upgraded.
Australian Taxation Office (ATO) Compliance - Fringe Benefit Tax
Personal Income Tax Rates - One Year Flood Levy
Self-education Expenses Win Short Lived
Minimum Pensions Increase
Minimum Pensions Increase
.

The minimum pension drawdown relief for superannuation pensions for the 2011 -2012 year will be reduced by 25%.  This was a 50% reduction in the previous year. It is expected that this drawdown relief be completely phased out by the 2012 -2013 year.

Several years ago the minimum pension was reduced to avoid super funds having to realise investments at a loss after the global financial crisis.

The government has decided we must be better off now.  Hence the minimum pension from 1st July 2011 is higher, and from 1st July 2012 will be back at 2009 levels.

Of greater importance – ensure in any SMSF to draw the minimum pension every year.  The penalty for non-compliance can be massive!

 

 

 

 

 

 



3rd-October-2011