Articles - Client Information Bulletin

Issued by email to clients and colleagues quarterly:

2008 Spring

• Self Managed Superannuation Funds - Issues to consider
• Superannuation Crackdown on Employers
• Motor Vehicle & Business Travel rates 2008-09
• Research & Development
• Climate Ready Program launch
• Council Rate Notices
• Leadership

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2008 Winter

• 2008/09 Personal Tax Changes
• Tax Planning
• May 2008 Budget
• Government Super Co-Contributions
• Super & Life Insurance
• Corporate Insolvency
• Improving Cash Flow
• Obsolete Stock
• Establishing Trees in Carbon Sink Forests
• Strategy - Dell Computer Corporation

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2008 Autumn

• Tax Planning Tips before 30th June
• Borrowing in a Self Managed Superannuation Fund
• "Wash Sales" and Avoidance
• Personal Services Income
• Banks getting tough on finance
• How to deal with staff wanting a pay rise
• Business Structures
• www.ncsnicholls.com.au

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2007/08 Summer

• Superannuation & Estate Planning
• Transition to Retirement & Salary Sacrificing
• FBT
• Christmas Fringe Benefits
• Businesses & Record Keeping
• Motor Vehicle Log Books
• Interest Rate Risk Management

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2007 Spring

• Key superannuation changes from 1st July, 2007
• Employer superannuation obligations
• ATO audit targets
• Are you in the right business structure?
• Getting finance from banks
• Holding effective meetings
• Do your backups work?
• Improving your cash flow
• Tax deductions...what can I not claim?

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2007 Winter

• Highlights from the 2007-2008 Federal Government budget
• SME's and the budget
• Upcoming superannuation changes
• ATO crackdown on super contributions

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2007 Autumn

• Terminating employees for genuine operational reasons
• Checking a company's credentials on the public record
• "Blackhole expenditure" - expenses not recognised under income tax laws
• Employer obligations when an employee ceases to work for you

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2006/07 Summer

• How to cut your business fuel costs - the fuel tax credit
• SME's and the risk of fraud
• Amendments to the Trade Practices Act
• New Legislation to standardise eligibility criteria for small business tax concessions
• Company Name V's Business Name
• ATO matching activities

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2006 Spring

• Simplified and streamlined Superannuation Plan
• Australian Workplace Agreements 
• Independent Contractors Bill
• 2006 Tax - ATO Compliance Focus

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2006 Winter

• 2006 - 07 budget highlights
• New bankruptcy measures to target avoidance
• Workchoices and impact on employment contracts
• Child care tax rebate reminder

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2006 Autumn

• Work Choices - Your business and the new dismissal laws
• Super guarantee contribution penalties
• SMSF trustee compliance checklist
• Accounting standards deadline looms
• Simplified accounting method turnover thresholds
• Where self-education expenses are not deductible
• No deduction for abnormal clothing expenses

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2005/06 Summer

• Superannuation deductions for self employed contractors
• Superannuation and death
• Insurance checklist
• Tips on rental property tax issues
• Sponsorship deductions

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2005 Spring

• Tax Office's Compliance Program for 2005/06
• False Statements in BAS
• Self Managed Superannuation Funds
• Workplace Harassment & Bullying

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2005 Winter

• Choice of Super Fund for eligible employees commencing 1st July - this is very important reading for all employers
• Planning for FBT and Christmas Parties - never too early to plan for this
• Draft ATO ruling on Service Trusts
• Estate Planning.

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2005 Autumn

• Resolutions for your business in 2005
• Succession Planning
• Proposed changes to the Victorian Long Service Leave Act
• Occupational Health & Safety Act 2004
• Tax Rulings - Income Tax: Plant in residential rental properties
• Treasurer's tax reform package
• Superannuation - record keeping & reporting requirements

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2004/05 Summer

• Employees' choice of superannuation funds effective 1st July, 2005
• A practical approach to GST invoices by the Tax Office - as well as reduced GST compliance for small business
• New depreciation rules on rental properties
• Issues to consider when buying or selling a business
• A recent court decision regarding the liability of trustees and directors for trust debts

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2004 Spring

• Increased Tax Office activity on Self Managed Super Funds
• Tax implications of "Partnership Salary" Agreements
• 4 year limit for GST refunds
• Tax and the Home Based Business
• Implications of your Estate if you die without a will
• Tax Office focus for 2004/05 (individuals, Micro Business and SME's)
• Capital Gains Checklist (attached)

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2004 Winter

• Important considerations around Estate Planning
• GST relief for small business?
• Draft legislation targeted at high income earners using bankruptcy and family law schemes in order to avoid the payment of tax
• Family trusts
• ATO's continued focus on income and expenses being declared in respect to investments in rental properties

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2004 Autumn

• Change in focus of the ATO in respect to Fringe Benefits Tax
• Options around managing your own superannuation
• Wills and estate planning 
• ATO's crackdown in tackling abusive tax haven arrangements

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