Monday 24 Sep 2018
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Latest Accounting News
Hot Issues
In case you missed it – The company tax Bill that did pass Parliament.
GST spotlight headed to smaller end of town
Superannuation Amnesty – Maybe! Maybe Not!
ATO drills in car-sharing focus this tax time
What is Bankruptcy?
Update of Australia's vital statistics
ATO speaks on risk factors, surveillance triggers for FY19
ATO’s corporate residency guidance cops backlash
ATO dispels top tax time myths to clients as clampdown rolls out
Tools for budgeting, cash flow, Super and more ….
Guidance for SMSFs on transfer balance reporting
ATO issues alert on super, tax scams
Salary sacrifice integrity
Understanding the evolution of blockchain and cryptocurrencies
Update to Australia's vital statistics
Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds
SMSFs - Our 'hardest' jobs
Tax Office reveals adventurous, dubious claims ahead of tax time
ATO reveals top tax time mistakes, set to contact 1 million taxpayers
Watch out for charges with incoming GST laws.
Super savings gap for women stuck at 30%
‘Wipe the slate clean’: Clients, accountants urged to use new amnesty period
Statistics for all Australians
Touch Payroll (STP)
Articles archive
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Quarter 1 January - March 2004
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Quarter 4 October - December 2001
Quarter 2 of 2009
Articles
Rebate Income - New Concept
Family Tax Benefit (FTB) - Change to delivery of
Individual's - Income Tax Rates
Senior Australians Tax Thresholds
Research and Development Tax Concession
Finer Details Investment Allowance
PAYG Instalments - Are You Paying Too Much?
Working Australians Tax Bonus Administration

Budget 2009 - 10  -  Overview, Summary, Papers.

30% Investment Allowance - One time window of opportunity
Plant & Equipment or Fixtures & Fittings?
The Road to Recovery
Will we see more Bankruptcies or Part X's?
Small Business Tax Break
PAYG Instalments - Are You Paying Too Much?
In the current economic climate, there has been a downward trend in earnings, so Pay As You Go (PAYG) instalments should be reviewed.

Taxpayers that use the instalment rate method for their PAYG instalments could end up paying more than their expected tax liability for the 2008-09 income year.  But you are entitled to vary the PAYG instalment rate to ensure that the correct amount of tax is paid.

Overpaid instalments from previous quarters can then be applied to meet the current PAYG instalment.  Don't forget that the December 2008 quarter instalment was reduced by 20% for many taxpayers.

A taxpayer may be liable to pay an incorrect variation general interest charge where the varied instalment rate is less than 85% of what should have been used.

 

 

 

 



22nd-May-2009
        
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