Perks Chartered Accountants
Chartered Accountant Alert
 

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


Division 7A loans: trust entitlements - TR 2009/D8
This draft Taxation Ruling was released on 16 December 2009 for public comment by 12 February 2010. Its full title is "Income tax: Division 7A loans: trust entitlements".



Proposed Amendments to Tax Laws
The Government has introduced a Bill proposing amendments to tax laws, including changes to the taxation of employee share schemes and the non-commercial losses rules.



Collapsed Managed Investment Schemes and Tax Consequences
The Commissioner has given his preliminary views on the tax consequences for investors with interests in collapsed managed investment schemes.




GST Consequences and Partner Taking Goods For Private Use

The Tax Office has released a determination in which it states the GST consequences of a partner taking goods held by the partnership for private or domestic use.




Small Business Benchmarks

The Tax Office has released a range of new benchmarks to assist small business owners in assessing their business performance.
 



Superannuation Clearing House

The Government has announced a superannuation clearing house service will be available for small businesses from July 2010.




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.

21 
Dec 2009		 Activity Statements

November 2009 monthly activity statements: final date for lodgment and payment.
15 
Jan 2010 

Income Tax

Due date for lodgment of income tax returns for companies, superannuation funds and trusts that were taxable large/medium business clients in the prior year and are not required to lodge earlier.
21 
Jan 2010		 Activity Statements

December 2009 monthly activity statements: final date for lodgment and payment.
21 
Jan 2010		 Activity Statements

Quarter 2 (October - December 2009) consolidated instalment activity statements: final date for lodgment and payment by a head company of a consolidated group.
21 
Jan 2010		 Activity Statements 

Quarter 2 (October - December 2009) activity statements containing a monthly GST obligation: final date for lodgment and payment.
28 
Jan 2010		 Superannuation

Last day for superannuation guarantee contributions to be made to a superannuation provider for quarter 2 2009-10 (1 October - 31 December).

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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