Welcome to the March edition of Perks' Tax Alert, delivering you the latest tax developments affecting you and your business.

One-off Bonuses
Two Bills introduced by the Government to implement the one-off bonuses announced in the Nation Building and Jobs Plan.

Tax Concessions for Businesses
Proposed amendments to the temporary investment allowance, which was announced in December 2008.

Early Access to Superannuation
An Alert issued by the Tax Office warning people of arrangements offering early access to their superannuation benefits.

Decisions by the AAT
Three separate AAT decisions have been made concerning main residence exemptions, the deferral of HELP repayments and the assessability of lump-sum payments.

Keep Your Receipts
Two media releases issued reminding parents to keep their receipts for the Education Tax Refund.

Tax Refund Scam
The Tax Office have advised taxpayers of two e-mail scams purporting to offer a tax refund.

FBT Explanatory Memorandum
Developments in FBT



FBT Return Action Checklist
View the FBT Return Action checklist

For further tax advice and to find out if and how these tax developments may specifically affect you, contact your Perks relationship manager.

This Tax Alert was compiled by Perks' Tax Consulting Specialists. For more information on these articles, contact Brian Nimmo or Neil Oakes.


www.perks.com.au

The following key dates are a guideline to allow clients to prepare for their taxation requirements. 

31 Mar 2009	Income Tax	Income tax return and payment for superannuation funds with total income in excess of $2 million in latest year lodged (excluding large/medium business taxpayers).
21 Apr 2009	Activity Statements	March 2009 monthly activity statements: final date for lodgment and payment.
21 Apr 2009	Activity Statements	Quarter 3 (January -March 2009) activity statements containing a monthly GST obligation: final date for lodgment and payment.
21 Apr 2009	Activity Statements	Quarter 3 (January -March 2009) consolidated instalment activity statements: final date for lodgment and payment by a head company of a consolidated group.
28 Apr 2009	Activity Statements	Quarter 3 (January -March 2009) activity statements: final date for lodgment and payment.
28 Apr 2009	PAYG instalments	Quarter 3 (January -March 2009) instalment notices-forms R and T. Final date for payment and, if varying the instalment amount, lodgment (two-instalment payers are required to pay 75% of instalment liability by this date).
28 Apr 2009	GST instalments	Quarter 3 (January -March 2009) instalment notices-forms S and T. Final date for payment and, if varying the instalment amount, lodgment (two-instalment payers are required to pay 75% of instalment liability by this date).Four-instalment payers to pay a further 25% of their instalment liability.
28 Apr 2009	Super-annuation	Last day for superannuation guarantee contributions to be made to a superannuation provider for quarter 3 2008-09 (1 January-31 March). If an employer does not make the minimum superannuation guarantee contributions for quarter 3 by this date, they must pay the SGC and lodge a Superannuation guarantee charge statement-quarterly (NAT 9599) with the Tax Office by 28 May 2009. The SGC is not tax deductible.
30 Apr 2009	Super-annuation	Lost member report for the period 1 July 2008 to 31 December 2008.

Perks may be able to obtain extensions to the above dates for you if required. Please contact us to discuss your needs.

Adelaide
247 Fullarton Road
Eastwood SA 5063
T: (08) 8273 9300
F: (08) 8274 1466
Web: perks.com.au

Victor Harbor
163 Hindmarsh Road
Victor Harbor SA 5211
T: (08) 8552 3711
F: (08) 8552 3771

Darwin
59 Smith Street
Darwin NT 0800
T: (08) 8941 8600
F: (08) 8941 9600

Alice Springs
73 Hartley Street
Alice Springs NT 0870
T: (08) 8953 4400
F: (08) 8953 4599