Business : Accounting : Taxation : Superannuation : Self Managed Super Funds : Auditing : Advice : Obligations : Springfield : Ipswich : Brisbane : SE QLD

				Certified Practising Accountant
		What’s New in 2009
Home About Us Our Services Contact Us News Lodgement Dates Seminars Careers		\| Jan \| Feb \| Mar \| Apr \| May \| Jun \| Jul \| Aug \| Sept \| Oct \| Nov \| Dec \| If you want to see earlier news items please use the following links: Wayne Swan's 2009/10 Budget News in 2010 News in 2008 News in 2007 News in 2006 News in 2005 Note: News items include proposed legislative changes which generally take effect at a later date. May 2009 Deadlines for lodging FTB tax claims From 1 July 2009, FTB claims cannot be made through the tax system, regardless of the year. This includes claims for 2007–08 and 2008–09. Even if a taxpayer has an extension of time to lodge an income tax return beyond 30 June 2009, the Tax Office can't accept the FTB claim after that date. From 1 July 2009, taxpayers will need to lodge their claims through the Family Assistance Office (FAO). They can do this at Centrelink or Medicare offices or online at www.familyassist.gov.au Reportable super contributions What do reportable super contributions include? Reportable super contributions are the sum of your: reportable employer super contributions personal deductible contributions. What are reportable employer super contributions? Reportable employer super contributions include contributions your employer makes on your behalf: under a salary sacrifice arrangement that are additional to the minimum contributions they must make under one of the following super guarantee law an industrial agreement the trust deed or governing rules of a super fund a federal, state or territory law. If your employer makes reportable employer super contributions on your behalf, they will include the total amount of these contributions on your end of financial year payment summary. You must copy this amount into your income tax return and we will use it to work out your total reportable super contributions for the year. How these changes will affect you? These changes will not affect your assessable or taxable income; however, they will affect the income tests for a range of government benefits and obligations. They may also affect the amount of income tax you are liable to pay as you may no longer be eligible for a tax offset. Top of page Investigate before you invest Promoters of dodgy tax schemes may increase their targeting of investors in the current tough financial climate, exploiting their financial vulnerability. If you invest in a dodgy tax scheme, you will be risking your original investment and you may have to pay back any missing tax with interest and penalties long after the promoter and your money are gone. Before you invest in any tax scheme: investigate carefully seek independent advice from: a professional advisor, and/or the Tax Office, and check information and warnings about investment schemes and scams on the Australian Securities and Investment Commission and the Australian Competition and Consumer Commission SCAMwatch website. \| Jan \| Feb \| Mar \| May \| Sept \| Oct \| Nov \| Dec \| If you would like further information regarding these new measures please contact us at Cotter Accountancy.		Principal - Rose Cotter What's New in 2010 Click here to find out What's New in 2010 for you and/or your business. Tax Lodgement and Payment Dates Click here to find out what are the important dates.
		Copyright 2006-2010. This website is maintained and updated by Cotter Accountancy P/L. If you have any enquiries or questions about this website contact the webmaster.