Land tax 'shack' exemption abolished and Tasmanian trainee and apprentice incentive scheme cessation.

The ATO continues to use data-mining techniques to make sure taxpayers are reporting all of their overseas income.

In this issue: Business Tax Planning Issues to Consider Prior to 30 June 2011, Are you planning to purchase substantial assets or a motor vehicle in your small business?, Are you receiving a pension from your SMSF? Consider Minimum Pension Payments, Beware of breaching super contributions caps!, What are Reportable Employer Superannuation Contribut...

The Treasurer, Mr Wayne Swan, handed down the 2011/12 Federal Budget on 10 May 2011. In line with the promise to return the budget to surplus by 2012/13 despite the recent natural disasters, a number of changes were announced to achieve this objective. These changes are intended to achieve $22 billion worth of savings to and restrained spending by ...

In this issue: FBT Year End To Do List, Collectables and Personal Use Assets in Super Funds, Are you receiving a pension from your SMSF?, Changes of Taxation of Trusts to Come, ATO Targetting GST Compliance, Study Expenses Now Deductible for Youth Allowance Recipients, and Flood Levy Update.

Today the Prime Minister announced the Government’s response to the rebuilding of flood-affected regions across Australia, which includes the introduction of a one-off flood levy which will apply to individual’s taxable income only in the 2011-12 financial year.

In this issue: Featured article: The need for succession planning,What is succession planning?, Do you have a succession plan and how can we help?, Investment allowance reminder! Installation by 31 December 2010, ATO benchmarks, audits and focus on cash transactions, Paid parental leave scheme, Changes to consumer laws, Insurance review of your ke...

In this issue: Featured article: The need for succession planning, What is succession planning?, Do you have a succession plan and how can we help?, Investment allowance reminder! Installation by 31 December 2010, ATO benchmarks, audits and focus on cash transactions, Paid parental leave scheme, Changes to consumer laws, Insurance review of your ke...

In this issue: Update on minimum pension payments from Super Funds, ATO Compliance program 2010/11—target areas, Continuing ATO support for businesses in financial distress, FREE superannuation clearing house for small business through Medicare Australia, MyState Financial and Tas Perpetual Trustees Merger—tax implications for 2010!, Land Tax Refor...

In this issue: Update on minimum pension payments from Super Funds, ATO Compliance program 2010/11—target areas, Continuing ATO support for businesses in financial distress, FREE superannuation clearing house for small business through Medicare Australia, MyState Financial and Tas Perpetual Trustees Merger—tax implications for 2010!, Land Tax Refor...