Bentleys e-Newsletter

Welcome to the new edition of the Bentleys e-Newsletter.

This edition provides updates on the 08/09 Tax Office Compliance Program for Individuals and SMEs , explains the latest rulings on self managed super funds, and reports on recent AAT decisions and rulings in regards to superannuation guarantees, self-education expenses and business establishment costs.

We hope that you find this newsletter informative.

If you would like to discuss how Bentleys can assist you, please contact us

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Best regards,

Your team at Bentleys.

Tax Office Compliance Program 2008/09 – what it means for individuals

The Tax Office has released its Compliance Program for 2008/09, which sets out the Tax Office’s compliance priorities for individuals for the financial year.

Tax Office Compliance Program 2008/09 – what it means for micro-enterprises and small businesses

The term ‘micro enterprises’ refers to taxpayers (including SMSFs) with an annual turnover of less than $2 million.

Small to medium enterprises businesses refer to taxpayers with an annual turnover of between $2 million and $250 million, including highly wealthy people who with their associates, effectively control $30 million or more in net wealth.

The key priorities that the Tax Office are focusing on in accordance with its Compliance Program for 2008/09 include:

The latest on SMSF

The latest rulings from the Tax Office on self managed super funds have been released. The rulings outline the prohibition of trustees giving financial assistance to a member of a fund and the application of the sole purpose test in the superannuation legislation.

Recent decisions and rulings

Recent decisions have been made by the AAT concerning bonuses and superannuation guarantee, self education expenses, and business establishment costs.

Contact details

Phone
07 3222 9777

Fax
07 3221 9250

Email
Email us

Address
Level 26, AMP Place,
10 Eagle St,
Brisbane QLD 4000

What's new?

Vote 1 Bentleys!

Bentleys offices across the nation were both flattered and proud to have been a finalist in last year's BRW Client Choice Awards.

Our inclusion in this awards program was a result of votes from our loyal and supportive clients.

The BRW Client Choice Awards is again open for voting, and participants have the opportunity to vote for their accounting firm of choice.

We would be honoured and grateful if our clients were to vote for us once again. Your support and recognition means a lot!

Website Links

Bentleys

Please contact our nearest office if you would like more information on this topic.

Bentleys Chartered Accountants and Business Advisors has offices in:

Australian capital cities Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra

Regional and suburban Dubbo, Gosford, Ipswich, Maroochydore, Newcastle, Tamworth

This publication is provided to you by Bentleys Australia Pty Ltd (Bentleys) on a complimentary basis. The information provided is a general guide only and Bentleys accepts no responsibility for the accuracy of the information or opinions contained herein. The contents do not constitute business, accounting, taxation or financial advice and should not be relied upon as such.

Bentleys is a national association of independent accounting firms in Australia. The member firms of the Bentleys association are affiliated only and not in partnership.
Bentleys participates in the Praxity AISBL International Alliance of accounting firms.

Liability limited by a scheme approved under Professional Standards Legislation.