July 2013 Practice Update

Another edition of Practice update is out. Here are the highlights of July Practice Update: 2013

  • ATO warns investors about tax avoidance schemes
  • GIC and SIC rates for September 2013 quarter
  • Medicare Levy increase becomes law
  • ATO’s new 'Trusts Taskforce'
  • Super funds keep pension exemption after death
  • Simpler depreciation rules for business
  • The ATO on work related expenses
  • Click here to read July 2013 Practice Update...

2012-2013 Tax Returns Checklists

Points Covered in 2012-13 Tax Returns Checklist for Individuals-
  • Tax Saving Strategies Prior to 1st July 2013
  • Commom Work Related Claims Made by Individuals
  • Information Required
  • Deductions
Click here for 2012-13 Tax Returns Checklist for Individuals   Points Covered in 2012-2013 Tax Returns Checklist for Business-
  • Maximising Deductions for non-SBE taxpayers
  • Prepayment Strategies- non-SBE
  • Accelerating Expenditure- non- SBE
  • Accrued Expenditure- non-SBE
  • Information Required
Click here for 2012-2013 Tax Returns Checklist for Business...

June 2013 Practice Update

2013/14 budget was handed down by the government on May, 14th, 2013. Most of the superannuation and tax measures had been announced, but the June practice update brings few more measures added lately. Let's take a flip through June-2013 Practice Update What is June Practice Update about?
  • Superannuation changes for employers from 1 July 2013
  • Record keeping for small business CGT concessions
  • ATO Data Matching Programs
  • Limited recourse borrowing arrangements by SMSFs
  • Online Selling Data Matching Program
  • Luxury Car Tax limit for 2013/14
  • Car parking threshold: 2013/14
Click here for Detailed Info: Practice Update- June 2013 ...
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