December, 2011
A package of Bills was introduced to the Federal Parliament to transfer responsibility for the registration of business names from…
December, 2011
From July 2008 the quarantining of foreign tax losses was abolished and these can be claimed against any other income.
December, 2011
The cash basis of taxing income can be used by most individuals. Under this method your income is not taxed…
December, 2011
If you have to work in the sun for sustained periods during the day you can claim the cost of…
December, 2011
Expecting a high taxable income? You can reduce this by bringing forward expenses likely to be incurred next year. Do…
December, 2011
This is an established and relatively simple mechanism for splitting income between family members. If your spouse carries out some…
December, 2011
Non-residents who have permanently departed Australia can withdraw superannuation benefits on departure subject to deduction of withholding tax.
December, 2011
If you are receiving a super pension it will revert to your spouse or dependants on your death (subject to…
December, 2011
The Tribunal has confirmed a Tax Office decision to include monies borrowed from a self-managed super fund (and subsequently repaid)…
December, 2011
The Financial Review reports on allegations from a Tax Office whistle-blower that the Small and Medium Enterprise division lacks technical…
December, 2011
For individuals and small businesses, prepayments can be claimed in full provided the period covered by the prepayment does not…
December, 2011
… previously on tax life … Sam was getting into the routine of quarterly reporting to the bank despite that…
March, 2011
The value of work in progress must be accounted for at the end of the year by a manufacturer or…
March, 2011
Democratic Senator Carl Levin has introduced a Bill to the US Senate, which will require that US multi-national corporations would…