Leaving Australia need to lodge 2011 tax return?

​This link ATO website will provide information on what you will need to do to lodge your early tax return http://ato.gov.au/individuals/content.asp?doc=/content/14747.htmThis form must be completed and attached with your tax return.  If you require TaxMax Accountants to complete your early return please complete and fax this form http://ato.gov.au/content/downloads/NAT3407-04.pdf To claim your super please apply online...Read more

What are capital works deductions?

 What are capital works deductions? Capital works deductions are the following expenses you pay for which you can claim an income tax deduction: building construction costs the cost of altering a building the cost of capital improvements to the surrounding property. You can only claim a deduction for the capital works on residential rental properties you built after 17 July 1985. What can you claim? If you o...Read more

Changes to Tax Return 2010

Changes to income test created new requirement that have been added to the 2010 tax return.New items in spouses sectionThe new changes to income test may affected eligibility for some the tax offsets, deductions and tax concessionsSuper co-contribution taxable income less than $61,920 and it moved to A3 in paper tax return, labels have changesReportable Fringe Benefits moved to a new income test sectionDeduction items D7 has been split into two s...Read more

Keep your TFN safe

Protect your identity including your TFN Keep all personal details like bank account passwords and your TFN secure by: not carrying them in your purse, wallet or storing them in your mobile phone not sharing them with friends not providing your TFN on the internet when applying for work shredding or destroying documents containing identity details before disposing of them installing up-to-date anti-virus software on your computer only pro...Read more

If you are lodging through a tax agent for the first time, you will need to contact your agent by 31 October 2010.

Start thinking about your 2009-10 tax return ...Read more

New Tax Practitioners Board - Are you required to be registered

Reference www.tpb.gov.au. Information provided from Tax Practitioners Board fact sheet. A ?tax agent service? is any service that relates to: ascertaining or advising about the liabilities, obligations or entitlements of an entity under a taxation law; or  representing an entity in their dealings with the Commissioner of Taxation; and that is provided in circumstances where it is reasonable to expect that the entity will rely on it to s...Read more

Consumer Price Index (CPI) rates

Ref: Australian Tax Office ...Read more

Scam Warning - Australian Taxation Office tax refund online!

  http://www.scamwatch.gov.au SCAMwatch is warning consumers about an email that invites recipients to claim a bogus tax return of $452 by completing an online application. Scammers appear to be using the end of the financial year and tax time to trick taxpayers into providing their personal details. But don?t be fooled?scammers use these personal details to steal your money and your identity. The fraudulent email usually has ?Tax refund o...Read more

Fringe Benefit Tax Obigation - Christmas gifts

Consider fringe benefits tax this festive season Don't forget about benefits tax (FBT) obligations when organising office Christmas parties and gifts for your employees and associates. Depending on the circumstances, these activities may create FBT liabilities. For example, they may have an FBT obligation if: ...Read more

Rental properties - claiming capital works deductions and depreciation

 What are capital works deductions? Capital works deductions are the following expenses you pay for which you can claim an income tax deduction: building construction costs the cost of altering a building the cost of capital improvements to the surrounding property. You can only claim a deduction for the capital works on residential rental properties you built after 17 July 1985. What can you claim? If you o...Read more

ATO small business benchmarks - tool to identify avoidence of tax.

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Working in Australia

If you are not an Australian resident, and work during your visit to Australia, this guide tells you what you need to know and do to comply with taxation laws. NAT 2414-10.2009. http://www.ato.gov.au/distributor.asp?doc=/content/Content/57284.htm...Read more