Wednesday 20 Mar 2019
Latest Accounting News
Hot Issues
Resources to help understand and implement Single Touch Payroll (STP)
Big fines, prison on the cards as new SG penalties introduced
Extra website resources and tools is one way we offer you and your family more.
FBT Exemption for Various Work Vehicles
Tax payable on expenditure recoupments
ATO identifies SMSF contravention red flags
Who wins dispute about taxable income?
Australia - facts & figures March 2019
Strategies to handle scam phone calls and problem e-mails.
Instant asset write-off threshold upped to $25k
Jail time for GST fraud
Correcting GST Errors
Fuel tax credit rates raised
ATO set to contact clients for overdue TPAR
Reminder on Victoria Property Duties
How Australia is performing.
Global outlook summary: Down but not out
Bookkeepers remind on incoming TPRS obligations
Golden Rules for Deductions
How's Australia going - vital statistics?
Tax, SMEs set to be ‘political football’ in 2019 as election nears
Cap lifted on popular financing option for clients
Expiry of 900,000 interest-only loans set for January
Australian Taxation Office (ATO) Scam Alert: Fake Demands for Tax Payments
Tax Office sounds alarm on popular property strategy
Our Advent calendar for 2018
‘Please do not panic’: ATO boss addresses STP concerns
Articles archive
Quarter 4 October - December 2018
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Quarter 1 of 2009
Articles
Reduction to Minimum Pension Drawdowns for 2008/09
Government Stimulus Package
Working Australian Tax Bonus ($300 - $900 per individual)
Working Bonus – More Detail
Single Income Family Bonus ($900 per family)
Training and Learning Bonus ($950 per individual)
Farmer’s Hardship Bonus ($950 per household)
What does an Executor do?
Specific Roles of an Executor
Appointor – what does this mean?

Role of Trustees of Family Trusts

PAYG Instalments 20% Reduction
Granny Flats - are you entitled to Rent Assistance?
Interest Rates & Strategies
Reduction to Minimum Pension Drawdowns for 2008/09
As another response to the global economic downturn the Government has announced that superannuation pensioners may reduce their minimum drawdowns.

Members with an account based pension will only be required to draw down half of their previously calculated minimum income requirement for 2008/09.

 

At this stage, the 50% relief measure will only apply up to 30 June 2009.

 

This measure has been offered, because the Government realised that many superannuation funds are selling blue-chip shares at distressed prices to satisfy the obligation to pay the minimum pension, even if the pensioner does not need it.

 

Superannuation trustees are allowing members to implement this change immediately, because this change was made by regulation not by legislation.

 

If a pensioner has no further need for income this year, the pension can stop now and start again in July 2009 on a revised basis.

 

 

 

 

 

 

 

 

 

 



28th-March-2009