Perks Chartered Accountants
Chartered Accountant Alert
 

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


Division 7A Applies To ‘Payments by Direction’
A Federal Court decision relating to deemed dividends and directions by a company for its debtor to pay amounts to a shareholder.



Judgment of $81.4 million Stands Against Trustee
A Qld Court of Appeal decision relating to a trustee and its liability to pay tax.



Personal Superannuation Contributions Deduction Denied
An Administrative Appeals Tribunal decision relating to disputed deduction for personal superannuation contributions.



SMSF Trustees with Enduring Power of Attorney
An SMSF Ruling on how a person who holds an enduring power of attorney can be a trustee in place of an SMSF member.



SMSF Trauma Insurance Policies
An SMSF Determination on how SMSF trustees can purchase a trauma insurance policy and still satisfy the sole purpose test.



Super System Review: Preliminary Report on SMSFs
The Super System Review panel has released a report containing many recommendations in relation to SMSFs.



Cents per Kilometre Rates
The Government has released the cents per kilometre rates for calculating motor vehicle expenses for the 2009/10 income year.



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.

 

 

 

 

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Darwin NT 0800
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Alice Springs NT 0870
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