Welcome to Bentleys MRI BulletinWe are pleased to provide you with the March edition of the Bentleys MRI Bulletin, which is now ready for you to access.If you have any queries or concerns relating to privacy please contact the Bentleys MRI Business Development Manager on 07 3222 9777. If you would like to receive a hard-copy of this this newsletter please inform admin@bris.bentleys.com.au with your first and last name, company details (if applicable), address and phone details. If you would like to unsubscribe to this newsletter please indicate so by email. Best regards Your Team at Bentleys MRI |
SMSF Compliance Program audits to double in 2007In 2005/06, the ATO completed 4,530 audits of SMSFs and is planning to double their compliance coverage in 2006/07. SuperSeek and you may find some of the lost $billions is yoursWith $9.7 billion of lost superannuation lying in Australian funds, youd think people would be lining up to claim their share but, despite easy ways to track it down, the amount of money in lost super accounts is steadily growing. Maintaining the Value of your BusinessThe majority of business owners want to realise their investment in the business at some point, but how many work at keeping their business at its optimal value and attractive to buyers ? Its Fringe Benefit Tax (FBT) Time AgainThe deadline for Fringe Benefits Tax is 31 March 2007. We are pleased to provide you with a recap on FBT. Franking Credits Available To Life TenantsThe Government will amend the income tax law to allow income beneficiaries of testamentary trusts (such as life tenants) greater access to franking credits on dividends received by the trust. Amendments To The Tax Law To Reduce Compliance Costs For Small BusinessThe Minister for Revenue and Assistant Treasurer, Peter Dutton MP, has announced amendments to the integrity rules concerning distributions by private companies (Division 7A of the Income Tax Assessment Act 1936). Is Self Managed Super Right for you?Your super is your investment for your retirement. A self managed superannuation fund (SMSF) is great for some people but they don't suit everyone. We are please to provide you with four key questions from the Australian Securities and Investments Commission (ASIC) and the Tax Office could help you decide whether self managed super is the right decision for you. Financial Priorities in your 20's and 30's
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