ATO Data Matching Programs |
| February 1st, 2012 |
| The ATO has released details of the following data matching programs: - Dependent Spouse Tax Offset Data Matching Project (collecting names, addresses and other related information of approxima... more |
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SMSF compliance focus for trustees |
| February 1st, 2012 |
| The ATO has advised that it has three major focus areas for its SMSF compliance program: - non or late lodgments (not lodging can result in the fund being made non-complying or the trustees being pro... more |
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Tax incentive to encourage immunisation |
| February 1st, 2012 |
| As part of a number of incentives to increase the immunisation rates of Australian children over time, the Government will require that families have their children fully immunised from 1 July 2012 to... more |
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ATO Crackdown on PSI and ABNs |
| February 1st, 2012 |
| The ATO has advised that it will effectively be cracking down on taxpayers who claim to be independent contractors, by reviewing: - taxpayers who have reported personal services income (PSI) and who ... more |
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New Reforms Announced |
| February 1st, 2012 |
| The Government has released its 2011/12 Mid-Year Economic and Fiscal Outlook, which forecasts substantial downgrades to revenue due to "a significant deterioration in global conditions." As... more |
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Natural Disaster Assistance - Small business advisory services |
| August 15th, 2011 |
| Small Business Advisory Services – Natural Disaster Assistance The Australian Government has funded service providers support for small businesses affected by the nationwide disasters since Octo... more |
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Tax exemption for business assistance payments paid to flood victims |
| August 15th, 2011 |
| The Government has recently announced that clean-up and recovery grants of up to $25,000, paid to primary producers and small businesses directly affected by the recent flooding that has occurred sinc... more |
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Carey Group participated in the Townsville Running Festival |
| August 15th, 2011 |
| Congratulations to our 5 teams participating in the Townsville Running Festival 5km Corporate run this weekend. In support of Ronald McDonald House, the Carey Group tore up the pavement&nbs... more |
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Deductions for TPD insurance |
| July 20th, 2011 |
| Superannuation funds will be able to streamline the way they claim tax deductions for the cost of total and permanent disability (TPD) insurance provided to fund members from the 2011/12 income year. ... more |
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ATO focus on unpaid present entitlements owed to companies |
| July 20th, 2011 |
| The ATO has advised that it may contact private companies about any unpaid present entitlements (UPEs) they were entitled to from related trusts between 16 December 2009 and 30 June 2010. Editor: Th... more |
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ATO warning: Unpaid directors' fees |
| July 20th, 2011 |
| The ATO has issued a warning to directors of private companies about claiming deductions for directors' fees where the fees remain unpaid by the end of the following income year (e.g., where the r... more |
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Deductions for study and job seeking expenses |
| July 20th, 2011 |
| The ATO has confirmed that, as a result of a High Court decision last year, some taxpayers may be eligible to claim a deduction for study expenses if they received Austudy or ABSTUDY (as well as Youth... more |
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Flood levy exemption declaration |
| July 20th, 2011 |
| Although the temporary flood and cyclone reconstruction levy (flood levy) will apply to taxable payments (e.g., wages) made from 1 July 2011 to 30 June 2012, employees affected by a natural disaster c... more |
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Tax laws amended to allow income 'streaming' by trusts |
| July 20th, 2011 |
| The Government has introduced legislation to ensure that capital gains and franked distributions can continue to be 'streamed' through trusts. Editor: A recent High Court decision created sig... more |
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Budget 2011 |
| June 21st, 2011 |
| Following are the main tax measures announced in last month's Federal Budget. Reforms to the car fringe benefit rules The Statutory Formula method for determining the taxable value of car fringe... more |
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Employer super obligations |
| June 21st, 2011 |
| The ATO is reminding employers that meeting their super obligations is an important part of running their business. If an employer misses the super guarantee quarterly deadline, they must submit... more |
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Compliance Projects: Government stimulus payments |
| June 21st, 2011 |
| The ATO has recently started a compliance project that focuses on businesses that received government stimulus payments. As part of this project, they have received information about payments made to... more |
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2011 Budget Brief |
| May 30th, 2011 |
| A summary of the recent 2011 Federal Budget as it affects investors has been summarised in a brief article by BT. To read a copy of this article click here . ... more |
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Carey Update - April 2011 |
| May 15th, 2011 |
| Labour hire arrangements using a discretionary trust The ATO has issued an alert warning people not to enter into arrangements where payments for any work they perform are made via distributions fr... more |
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Flood Levy Proposed |
| March 23rd, 2011 |
| The Government intends to introduce a temporary flood levy in the 2011/12 financial year to assist with part of the costs of rebuilding infrastructure following the recent floods. It is proposed th... more |
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Extra time to lodge for those affected by natural disaster |
| February 15th, 2011 |
| Commissioner of Taxation Michael D’Ascenzo has announced additional time for tax-related lodgments and associated payments for individuals and businesses affected by the recent natural disasters... more |
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Australian Government Disaster Recovery Payment |
| February 14th, 2011 |
| The Australian Government Disaster Recovery Payment (AGDRP) has been activated to assist people who have been adversely affected by Tropical Cyclone Yasi in February 2011.To access further information... more |
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Defence update for Qld industry |
| February 14th, 2011 |
| Increasingly, Defence is looking to industry to help equip, train and maintain a highly effective and efficient Australian Defence Force.The briefing will primarily focus on Defence scene setting, pro... more |
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Exciting Job Opportunity - Senior Accountant |
| October 5th, 2010 |
| For further information on this exciting career opportunity, please click here. ... more |
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Exciting Job Opportunity - Senior SMSF Accountant |
| October 5th, 2010 |
| For further information on this exciting career opportunity, please click here. ... more |
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Carey Group success at the Townsville Running Festival |
| August 11th, 2010 |
| In glorious weather on the fabulous Strand, the Carey Group participated well in the Townsville Running Festival. The aim of the race was participation and we were very pleased to have 18 compet... more |
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Lodging your 2009/10 Tax Return |
| August 4th, 2010 |
| Our experienced and friendly staff invite you to make an appointment to have your 2009/10 Tax Return finalised and lodged with the Australian Taxation Office (ATO).For new and existing clients, standa... more |
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Carey Group participating in the Townsville Running Festival |
| July 30th, 2010 |
| On Sunday 8 August 2010, the Carey Group will be represented by 5 teams in the Townsville Running Festival Corporate Fun Run/Walk.Our entrants have been training hard in preparation; although the key ... more |
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Extension in drawdown relief for account-based pensions |
| July 1st, 2010 |
| The Gillard Government has announced an extension to the drawdown relief currently provided for account-based superannuation pensions to the 2010-11 year. Drawdown relief over the past two years... more |
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Henry Tax Review |
| May 10th, 2010 |
| Henry Tax ReviewOn Sunday 2nd May 2010, the Government received the final report of the Australia's Future Tax System. The review was established by the Australian Government in 2008 ‘to exa... more |
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Seminar notes - Dr Caton and Dr Lukins |
| April 24th, 2010 |
| Following the success of our recent seminar presentation by Dr Chris Caton and Dr Joann Lukins, we are pleased to offer a copy of their powerpoint slides. For a copy of Dr Caton's slides, ... more |
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Career opportunity - Senior SMSF Manager |
| May 18th, 2010 |
| We are currently seeking to recruit a capable and diligent Senior SMSF Manager to join our highly skilled and dynamic professional team.In this varied hands-on role you will undertake a broad range ... more |
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$8,000 Grant for Business |
| March 1st, 2010 |
| A recent State Government initiative allows for eligible businesses to apply for up to $8,000 in funding to assist with job retention for staff and preparing for business in better economic times.&nbs... more |
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Dr Caton Seminar Notes - February 2010 |
| April 24th, 2010 |
| Following the success of our recent seminar presentation by Dr Chris Caton, we are pleased to offer a copy of his powerpoint slides. For a copy of the slides, click here. ... more |
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Superannuation Bulletin |
| January 14th, 2010 |
| Recent Federal Government changes to the thresholds of superannuation contributions may have significant tax consequences for your superannuation contributions. Our most recent superannuation bu... more |
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Newsletter - January 2010 |
| January 14th, 2010 |
| Our most recent newsletter includes information on:- Searching for lost super- Losses on shares are not tax deductible- ATO Crackdown on Employee Superannuation- Age pension 'qualifying age' c... more |
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Donation on behalf of clients and staff |
| January 14th, 2010 |
| In December 2009, the Carey Group of Companies were pleased to offer a donation to the Salvation Army in lieu of sending gifts and christmas cards to clients. In recognition of the great work undertak... more |
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Education Tax Refund |
| May 7th, 2009 |
| If you’re eligible for the Education Tax Refund you could get 50% back on a range of primary and secondary school education expenses.Click here to view the media release... more |
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ATO Tax Refund Email Scam |
| May 7th, 2009 |
| The Tax Office is warning people about another email scam being circulated that claims to offer a refund from the Tax Office.Please click here to view the media release... more |
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Tips For Claiming Donations To Emergency Relief Funds |
| March 2nd, 2009 |
| The Tax Office today announced a practical approach to ensure those donating to help the victims of the Victorian bushfires and Northern Queensland floods can do so with minimum fuss.Click here to vie... more |
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