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

Proposed Tax Law Amendments
A Bill has been introduced into Parliament seeking to increase the research and development expenditure cap and to make minor technical corrections to tax legislation.

Tax Law Amendments 
An Act has been passed to temporarily reduce the superannuation government co-contribution and to reduce the superannuation concessional contributions cap. 

Deemed Dividends
The AAT has held that a taxpayer was liable to the deemed dividends provisions for monies owed to a private company which were deposited into her bank account.



GST and Credit Card Surcharge Fees
The GST treatment of credit card surcharge fees charged by merchants is dependent on the GST characterisation of the underlying supply.

Superannuation Guarantee Charge
A partnership was found to be liable for superannuation guarantee for an independent contractor operating within its business. 

Superannuation Guarantee Regulations
Employers are not required to provide superannuation guarantee payments for paid parental leave and ancillary leave payments.



Superannuation-related Taxpayer Alert
A Taxpayer Alert has been issued warning SMSF trustees about an arrangement which may breach the superannuation laws.



Share Transaction Data Matching Program
The Tax Office will be conducting a data matching project to ensure compliance with tax law.



Various Rates and Thresholds
New rates and thresholds have been provided relating to superannuation, income tax and general interest charge.



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.

28  July 2009	Activity Statements	Quarter 4 (April - June 2009) activity statements - final date for lodgment and payment.
28 July 2009	PAYG Instalments	Quarter 4 (April -June 2009) instalment notices (forms R and T) - final date for payment and, if varying the instalment amount, lodgment (two-instalment payers are also required to pay 25% of their PAYG instalment liabilities).
28 July 2009	GST Instalments	Quarter 4 (April - June 2009) instalment notices (forms S and T) - final date for payment and, if varying the instalment amount, lodgment (two-instalment payers are also required to pay 25% of their instalment liabilities, and four-instalment payers are also required to pay the final 25% of their instalment liabilities).
28 July 2009	Superannuation	Superannuation guarantee contributions for quarter 4 2008-09 (1 April - 30 June) are to be made to the fund by this date.
11  Aug 2009	Activity Statements	Quarter 4 (April - June 2009) activity statements: final date for electronic lodgment and payment.
14 Aug 2009	PAYG Withholding	Final date for lodgment of the PAYG withholding payment summary annual report. Use this to report amounts withheld from salary and wages and other payments. These amounts are reported at label W2 of the activity statement.
14 Aug 2009	Superannuation	DASP data records that form part of the PAYG withholding payment summary annual report.
21 Aug 2009	Activity Statements	July 2009 monthly activity statements: final date for lodgment and payment.
21 Aug 2009	GST	Final date for eligible monthly GST reporters to elect to report GST annually.
28 Aug 2009	Superannuation	Superannuation guarantee charge statement - quarterly (NAT 9599, PDF 136KB) (if required contributions were not made by the due date) for quarter 4 2008-09 (1 April - 30 June) to be lodged and paid to the Tax Office. The SGC is not tax deductible.

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

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

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

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

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