These are the key changes to superannuation, announced before but included within the May 2013 budget papers include: the increase in mandatory superannuation from 9% to 9.25% from 1 July 2013 from 1 July 2012 people earning less than $37,000 will have their superannuation contribution tax refunded to their superannuation account people earning more than [...]
The team at JP Sear & Marsh would like to thank you for your support throughout the year. We wish you a very Merry Christmas and a safe and prosperous New Year. Our office will be closed from midday Friday 21 December 2012 and will re-open on Monday 14 January 2013.
All 2012 Income Tax Returns are due for lodgment by 15th May 2013. For Companies and Self Managed Super Funds you MUST lodge and pay by this date to avoid any ATO late lodgment penalties and interest. Individuals will receive a notice of assessment with the due date for payment once the tax return has [...]
ASIC’s new business names register began on 28 May 2012, replacing the state and territory business name services. All existing business names registered with states and territories before 28 May 2012 have been automatically transferred to the national business register. This new service eliminates the need to register business name in each state, instead a [...]
Welcome to our 2011 annual newsletter. Includes information on the following topics. Appointments Foreign Income Education Tax Refund Investment Loans, Lines of Credits & Redraw Facilities Austudy, Youth Allowance, Newstart etc – Expenses Victorian Land Tax Are your children non residents? Superannuation contribution limits Political donations CGT Discount Computer Help Idividual tax return checklist – [...]
These year end tax tips are designed to provide employees, investors and businesses with a headline list of key issues that they should consider in preparing their income tax returns for the year ended 30 June 2011. The list is not exhaustive and you should not act solely on the information in these tips. For [...]
These year end tax tips are designed to provide employees, investors and businesses with a headline list of key issues that they should consider in preparing their income tax returns for the year ended 30 June 2011. The list is not exhaustive and you should not act solely on the information in these tips. For [...]
Most small business owners are pretty close to their business. For many, it is a major part of their life and the distinction between personal and business is easily blurred. This can also cross over to their financial affairs with business and personal finances being interrelated. For full details, please click on this “Getting to [...]
The ‘nip and tuck’ budget The 2011/2012 Federal Budget was a ‘nip and tuck’ Budget. Click Here to Download the full Knowledge Shop 2011/2012 Budget update According to Lisa Armstrong, General Manager of the Knowledge Shop, Many of the changes were either because of or justified by the need to improve the workforce participation rate [...]
The Australian Taxation Office (ATO) has obtained data from state and territory motor vehicle registering bodies and will match against taxpayer records. This is to identify those participating in the cash economy by not declaring income to deliberately avoid their tax obligations. Data will be obtained for all motor vehicles where the transfer and/or market [...]
