Perks Chartered Accountants
Chartered Accountant Alert
 

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


Proposed Amendments to Tax Laws


A Bill proposing amendments to tax laws including changes to income tests for determining tax and social security program eligibility.

GST and Uncommercial Property Arrangements


Two Alerts released by the Tax Office warning taxpayers that it is currently scrutinising such arrangements.

Personal Services Income Case

A recent Administrative Appeals Tribunal decision in which the Tribunal found that the income of a company was attributed to a taxpayer as personal services income.



Directors Beware


A recent Federal Court decision where the Court held that directors of a company were liable to indemnify the Commissioner for payments made.



'Blackhole' Expenses


The Tax Office’s view regarding whether a taxpayer is entitled to bring forward any unused ‘blackhole’ expenses as deductions when ceasing its business.



Pension Drawdown Relief


A measure announced by the Government which temporarily suspends the minimum drawdown requirements for pensioners.



FBT and Victorian Bushfires Appeal


The Government will amend FBT laws to ensure employers will not have an FBT liability when employees choose to salary sacrifice part of their salaries to the Bushfires Appeal.



 

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.

12 May 2009

 Activity Statements

 Quarter 3 (January-March 2009) activity statements: final date for electronic lodgment and payment.

21 May 2009

 

FBT Return

 Due date for lodgment of 2009 fringe benefits tax (FBT) return and payment if required.

21 May 2009

 

Activity Statements

 April 2009 monthly activity statements: final date for lodgment and payment.

28 May 2009

 

Superannuation

 Superannuation guarantee charge statement- quarterly
(NAT 9599) (if required contributions were not made by the due date) for quarter 3 2008-09 (1 January-31 March). The SGC is not tax deductible.

21 Jun 2009

 

Activity Statements

 May 2009 monthly activity statements: final date for lodgment and payment.

30 Jun 2009

 

 End of financial year

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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