News Whats happening this month in tax world?

September 2010 Client Alert

Payment Summaries and Reporting of Incorrect Super Amounts

The Tax Office says some employers have been incorrectly including compulsory superannuation amounts as reportable employer super contributions on their employees' payment summaries for the 2009-10 income year. Reportable employer super contributions should only include additional super contributions made by an employer, for example, super contributions made on behalf of an employee under a salary sacrifice arrangement. The payments being incorrectly included cover things such as super guarantee contributions and industrial agreement (award) super contributions.

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Business & Tax Solutions

Investment and Business solution
How to reduce your tax while paying off your loan !

For years it’s been a misconception for new property investors that paying off the loan is a tax deduction – wrong! …..But not any more !

More experienced investors know that it is only the interest that you get the tax deduction, paying of the principal of the loan is not a tax deduction, ... read more

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