Taxpayers Australia

Members can download issue 18 of The Taxpayer

Cover of Taxpayer Issue 17, 2012

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FBT 2012 - Notes & DVD
FBT Seminar Notes & DVD
View the notes Table of Contents

Notes & DVD (inc GST and p&h):
Members: $121 / Non-members: $154

Notes only (inc GST and p&h):
Members: $88 / Non-members: $99

Note: The DVD is a companion to the seminar notes and is not sold separately.

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22 March 2012

Welcome to Tax e-news


Politicians can surely do better?
Taxpayers Australia is not a political organisation however when our politicians let taxpayers down we feel compelled to comment. Taxpayers, in particular the business community, can justifiably feel let down by the current unseemly public debate regarding the fate of the legislation which proposes to reduce the corporate tax rate by 1% from 1 July 2012 for companies which satisfy the 'small business' test and from 1 July 2013 for other companies (although it is arguably being generous to describe the public squabble which is currently occurring as a debate).
Read the full editorial

Tax Office takes aim at undeclared offshore income
In a recent Media Release, the Commissioner of Taxation (the Commissioner), Mr Michael D'Ascenzo, has said that the Tax Office is concerned that not all taxpayers are disclosing their taxable offshore income.
Read more ...

Key legislation roundup
An update on the status of key tax and superannuation legislation.
Read more ...

IGOT: Review into Tax Office's administration of class rulings
The Assistant Treasurer, Mr David Bradbury, has recently released the Inspector-General of Taxation's (IGOT) Review into the Australian Taxation Office's administration of class rulings.
Read more ...

Superannuation Seminars - May & June 2012
Join Roger Timms, TAI's Head of Tax & Superannuation, for this comprehensive update on the taxation of superannuation. View workshop overview.
How to maximise annual superannuation contributions ... Payment of pensions ... Tax ruling TR 2011/D3 ... Limited Recourse Borrowing arrangements - SMSFR 2011/D1 ... Investment in closely held unit trusts ... and much more!
Melbourne: Thursday 31 May - Leonda by the Yarra
Sydney: Thursday 7 June - The Grace Hotel
Brisbane: Tuesday 29 May - Royal on the Park
- Cost: Members: $209 (incl. GST) / Non-members: $242 (incl. GST)
- Time: 9am - 12:30pm (3.5 CPE/CPD Hours)
Attendees receive comprehensive notes and morning tea.
Three easy ways to register: Book & pay online, download order form or call 1300 657 572 / email info@taxpayer.com.au

Tax Rulings, Determinations & Interpretative Decisions (IDs)
View a summary of recently released Rulings, Determinations & IDs here.

Your Association at work
Taxpayers Australia actively represents its members across a number of committees and forums. Our representations include the compilation of submissions to Treasury and the Tax Office in relation to draft legislation and draft tax rulings and determinations.
Find out more about our recent activities.
View all submissions to Treasury and the Tax Office.

ATO publications released
View a summary of recently released ATO publications here.

Key dates
31 March 2012
Income tax return for companies and super funds with total income in excess of $2 million in latest year lodged (excluding large/medium business taxpayers).

Income tax return for head company of a consolidated group that does not have a member who has been deemed a large/medium business taxpayer in the latest year lodged, but does have a member who had total income in excess of $2 million in latest year lodged (unless due earlier).

Income tax return for individuals and trusts which were tax level 6 as per latest year lodged unless required earlier (excluding large/medium business trusts).

21 April 2012
Quarterly PAYG instalment activity statement - head companies of consolidated groups - quarter 3, 2011-12.

Monthly activity statement for March 2012.

FBT 2012 - Seminar Notes & DVD
With the FBT year-end fast approaching, the FBT Seminar Notes & DVD provide an essential update on key issues typically relevant to the 2011-12 FBT year, as well as information you can use when planning your next FBT year.
View the depth of content the notes cover, view the Table of Contents.
Notes include a CD containing a 2011-12 FBT checklist, interactive proforma declarations and Car Salary Packaging Ready Reckoner.
The 30-minute video by Roger will assist in honing your skills by referring to the detailed notes. View a snippet of Roger in action.
FBT Seminar Notes & DVD:
Members: $121 / Non-members: $154 (inc GST and p&h)
FBT Seminar Notes only:
Members: $88 / Non-members: $99 (inc GST and p&h)
Note: The DVD is a companion to the seminar notes and is not sold separately.
To order your copy: Purchase online, contact us on 1300 657 572 / info@taxpayer.com.au or download seminar notes order form.


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Disclaimer
All information provided (including all publications which may be viewed or downloaded, articles, Q&As, FAQs, calculators, ready reckoners, and other tools) is of a general nature only and is not personal financial advice.

It does not take into account your particular objectives and circumstances.

No person should act on the basis of this information without first obtaining and following the advice of a suitably qualified professional advisor.

To the fullest extent permitted by law, no person involved in producing, distributing or providing the information for this newsletter (including Taxpayers Australia Incorporated, each of its directors, councillors, employees and contractors and the editors or authors of the information) will be liable in any way for any loss or damage suffered by any person through the use of or access to this information.


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