THE TAX & SUPER MONTHLY LIBRARY
THE TAX & SUPER MONTHLY
LIBRARY
MARCH 2014
Work-related deductions are the most common claimed, and the most popular of these are car expense claims. In this edition of the Tax & Super Monthly, we look at how to stay on the right side of the atx man when it comes to claiming these deductions.
APRIL 2014
In this edition of the Tax & Super Monthly we look at the repeal of the mining tax and the implications for small businesses regarding asset write-offs and depreciation. Also, we review the changes to the SMSF regime from July 1.
MAY 2014
Recent changes have been made to some social service, family benefit and other entitlements, which we run through and explain. There are also changes looming for superannuation contribution caps which we review.
JUNE 2014
We take a look at the post-July 1 tax and super landscape, and the “debt tax” (Temporary Budget Deficit Levy). We also cover some tactical end-of-year deductions for businesses, as well as year-end tax tips for individuals.
JULY 2014
Bitcoin looks set to revolutionise monetary transactions, and perhaps sooner than many imagine. The virtual currency now has the attention of the Tax Office. We examine the ramifications, and the pros and cons, of Bitcoin prior to the release of official guidance from the Tax Office, which is due out soon..
AUGUST 2014
We look at some common tax deduction errors made by rookie property investors, spell out the Tax Office’s powers under the law when it comes to accessing to your information, and run through the areas coming under its scrutiny for SMSF compliance issues in the year ahead
SEPTEMBER 2014
Salary packaging a vehicle via a novated lease is a popular salary option - we run over the details of how this is achieved and the outcomes for both employer and employee.
OCTOBER 2014
If you are about to set up a website for your business, or are making changes to an existing website, some of the costs incurred from doing so may be available to either write off immediately or depreciate over a number of years.
Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.