Perks Chartered Accountants
Chartered Accountant Alert
 

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


This months alert takes on a tax planning focus, containing information on a number of important taxation developments up to and including 13 April 2011.
Tax Planning
Simply put, tax planning is the arrangement of a taxpayer’s affairs so as to comply with the tax law at the lowest possible cost, and involves objectively assessing and actively managing tax risk. Common tax planning techniques are deferring the derivation of assessable income and applying techniques to bring forward deductions.

Deferring Income
Tips to defer the recognition of income.



Maximising Deductions
Tips to accelerate the claim for deductions.



Trusts
An important High Court decision dealing with trusts and distribution of income.



Superannuation
Tips on strategies and a focus on excess contributions tax.



Natural Disasters
Some important tax considerations.



Paid Parental Leave Scheme
Some tax implications for employers and recipients.



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.

 12 May 2011

Activity Statements 

Quarter 3 (January - March 2011) activity statements: final date for electronic lodgment and payment. Refer to Lodge your activity statements online for information on your eligibility for this later due date.
21 May 2011

FBT return

 Due date for lodgment of 2011 FBT return and payment if required.
21 May 2011

Activity Statements

 

 April 2011 monthly activity statements: final date for lodgment and payment.

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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