Welcome to the Harding Martin BulletinWe are pleased to provide you with the latest edition of the Harding Martin Bulletin. |
Compliance MattersSome important compliance information from the tax office. The cash economy and businesses, excess superannuation contributions, minors and the tax-free threshold and overpaid income tax instalments. Culture Is Important!There are many attributes to creating a successful long-term business. No one attribute makes a successful business, but a combination of attributes will significantly contribute to long-term successful business performance. Tax Office Compliance Program 2008/09 – what it means for individualsThe 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 businessesThe term ‘micro enterprises’ refers to taxpayers (including SMSFs) with an annual turnover of less than $2 million. The latest on SMSFThe 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 rulingsRecent decisions have been made by the AAT concerning bonuses and superannuation guarantee, self education expenses, and business establishment costs. |