Your Tax Questions Answered – A SmartCompany Webinar with Greg Hayes
Complimentary Webinar: Tuesday June 1 at 2pm AEST
With just over a month left until June 30, entrepreneurs are scrambling to be ready for one of the most stressful events of the year… tax time.
With this in mind, SmartCompany has asked tax expert Greg Hayes of Hayes Knight to answer your big tax questions.
When you register for this webinar, SmartCompany will give you the opportunity to leave a question for Greg, who will answer the 10 most frequently asked questions plus as many others as possible.
Topics likely to be covered include:
- What you need to do before June 30 to minimise your tax bill
- Tax and superannuation
- Trust tax tips
- Where the ATO is particularly watching entrepreneurs
Click here to Register for this complimentary webinar
Superannuation — What is Meant By ‘Contribution’?
The Tax Office has released Taxation Ruling TR 2010/1 which explains the Commissioner’s views on the ordinary meaning of ‘contribution’, how a contribution can be made to a superannuation fund, and the timing of when a contribution is made. The Ruling also explains key aspects of the income tax rules for deducting employer superannuation contributions and personal contributions.
Superannuation Clearing House — Coming Soon
The Bill to establish an optional free superannuation clearing house for employer superannuation contributions has been introduced into Parliament. The clearing house, to be Medicare Australia, will allow businesses with fewer than 20 employees to meet their employer superannuation guarantee obligations once payment is received by the clearing house. The clearing house is expected to be available from July 2010. Businesses are expected to be able to register with Medicare Australia from May 2010.
Help! I’ve put too much into my super fund
One of the great things about superannuation is the concessional tax rates. Concessional contributions, which come from pre tax income, are taxed at 15%. FIND OUT MORE
Changes for the new financial year
The start of the new financial year brings with it a range of legislative and regulatory changes from the Government. Hayes Knight SA Tax Manager Rachel Rowett covers the changes and their implications in this comprehensive article.
FIND OUT MORE