Perks Chartered Accountants
Chartered Accountant Alert
 

Perks- Focussed, Client-driven Accounting & Financial Services Firm in South Australia & Northern Territory

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

In this edition we go through the major announcements in the recent SA State Budget as well as provide you with a few tips when planning your tax return.

SA State Budget 2008-09: First Home Bonus Grant
First home buyers who qualify for the Government’s $7,000 First Home Owner Grant will also be eligible for a first home bonus grant of up to $4,000 subject to satisfying one further eligibility criterion.

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Payroll Tax Changes
The payroll tax threshold has increased.

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Planning For Your Tax Return
It's that time of year again. When you're planning your tax return, there are some key tax-time issues you'll need to consider.

read more

Super Guarantee Changes
In working out employee’s notional earnings base, from 1 July 2008, you will now be required to make sure all your employees’ Super Guarantee contributions are calculated using ordinary time earnings.

read more

Money In Your Pocket - More Personal Tax Cuts

The Government has confirmed it will deliver in full the tax cuts it announced during the 2007 election campaign. This includes reducing individual tax rates, increasing the low income tax offset and raising the Medicare levy low income threshold.

read more

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.

 

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

View the full event calendar on our website.

11 August 2008
Quarterly Activity Statement

25 August 2008
Quarterly Activity Statement

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

 

Contact Perks

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

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The Perks Chartered Accounting Alert has been produced as a guide to clients. The items in this Alert are general comments only and do not represent advice. The facts of each particular situation may vary and changes in legislation may occur quickly and at any time. We recommend that our specific advice be sought before acting in any of these areas.

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