PJT Accountants

News Articles

In this section you will find news, upcoming events and other useful information which we think will be of interest to you.


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Reporting Superannuation Contributions to Centrelink Since 1 July 2009, changes were made to family assistance payments including any reportable superannuation contributions which will now be included as income and used to work out your family assistance payment.  Read More
ATO Targets Salary Sacrifice Superannuation Contributions Tax payers who are likely to breach the new limits on salary-sacrificed superannuation contributions are being targeted by the Australian Tax Office. Read More
Market Update - First Quarter 2010 Christmas seems to have come and gone so quickly but the effects of the GFC which actually started just over 2 years ago are improving. Read More
Do your competitors have a better business than you? If you were asked “What is the single biggest issue facing you today in your business?” what would you say? Read More
FREE Breakfast Seminar about getting an $8000 government grant

 

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Super Speak - Learn the Jargon! Learn the jargon of superannuation! Here are a few terms that are important for you to know. Read More
Get $8000 to help you grow your business! The government's Jobs Assist Grant can give your business the boost it needs. Take advantage of this before funding runs out! Read More
Cross-selling explained Master this technique and watch your sales increase by 10% or more overnight. Read More
Using Your SMSF to Purchase Property You may have heard about how you can borrow in your SMSF to purchase property. Read on for an example of how this legislation can be used to benefit you. Read More
Inaccurate Media Story about FEA Corrected The FEA has had several enquiries following the story which appeared in the Sydney Morning Herald and a number of other Fairfax publications on 5 January 2010. Read More
Want to Change Your Results? Change What You're Doing! Sometimes people find themselves in a vicious cycle. They are working hard, but not getting the results they want. Working with their understanding of how to succeed in their business, they work harder and harder, as if doing more of the same is the solution to their problems. But it is crazy to do more of the same and expect to get different results. How can you break out of this cycle? Read More
Workplace Relations Seminar on the new Modern Awards and the national employment standards by Aitken Legal Are you ready for the new Modern Awards which started on 1 January 2010?  Do you understand the National Employment Standares that started on 1 January 2010?  Aitken Legal is hosting a Workshop at Rumba Resort, Caloundra on Friday 12 February 2010 where lawyers from the Fair Work Ombudsman's office will work through these changes with Employers and help them put the puzzle together. Read More
New Employment Changes from 1 January 2010 Are you prepared for the new Employment Changes from 1 January 2010? Read More
Consider Fringe Benefits Tax this Festive Season The Tax Office is reminding businesses that while staff Christmas parties can attract fringe benefits tax (FBT) there may be exemptions available depending on the venue and cost per employee. Read More
The Perils of Discounting Has your mailbox been overflowing in recent months with sale catalogues? Having a sale can sound exciting, but what does it really mean for your business? Read More
Movember Fundraising at PJT Fantastic effort and thanks to the PJT Mo boys, Jason, Ravi, Allister, Brett and Wayne, who got in the swing of things and grew their Mo's to raise funds for Men's Health issues. Read More
Now is the best time to upgrade your company vehicle or purchase another one Do you want to upgrade your company vehicle or purchase an additional one? Well there is no better time to do so than now! Read More
50 Percent Investment Allowance The allowance is available for all businesses with the following conditions:... Read More
10 Secrets to a Winning Business Every day business owners ask the question ‘what makes a great business and what do I need to do to move from good to great?'.  The recipe for a great business is not about industry, size or location; it's about a series of winning fundamentals that define all great businesses. Let's have a look at them: Read More
12 Month GIC Free Payment Arrangements with ATO The Tax Office introduced new measures to help small businesses that are struggling to manage their tax payment obligations in the current economic climate. Read More
Mitigating Risk in a Rising Interest Rate Environment There has been much speculation in recent weeks around interest rates. It is widely accepted that rates will increase in the next 12 months or so with some economists predicting one or two increases before Christmas. With current rates at near 50 year lows it was always going to be a question of when not if rates increase again, but that doesn't make it any easier to accept!... Read More
How do you build a high performance team? Do you get frustrated with your staff because they don't achieve what you think they should? Are they obtaining satisfactory results, but you would like to supercharge their performance? Why do successful businesses such as Facebook and Red Balloon Days do so well? It is because of their team. Here are a few tips on increasing the performance of your team: Read More
PJT Wins 3 Awards in September 2009 We are proud to announce that we have won 2009 Professional Business of the Year, 2009 Corporate Business Woman of the Year & 2009 Outstanding Business Person on the Year. Read More
Low Cost Ideas to Improve Your Bottom Line Want to increase your bottom line, but don't want to spend lots of money at the same time?  Following are some simple ideas that you can implement immediate and that don't cost a lot of money... Read More
Audit Protection Insurance In July we posted forms to you for the opportunity to have Audit Protection Insurance.  Have you received this form?  Do you want to know if you need Audit Protection Insurance?  Find this out and more in this article. Read More
Improving Efficiency in Your Business Would you like to get the job done faster whilst maintaining high quality? How can you go about being more efficient in your business? If you can be more efficient in your business, it gives you the opportunity to gain more business to produce a better profit margin and a better quality of life. Read More
Are you covered? Do you feel you need any assistance with some required services? Read More
27 Pay fortnights within the 2009/2010 Financial Year If you are paid fortnightly on a Wednesday, you may have 27 pay fornights within this financial year.  Because of this, you may not have enough tax withheld from your wages to cover the amount of tax that will be payable when you lodge your tax return. Read More
Is it time to fix your loan? Now that the big movements in interest rates have settled somewhat a lot of people are starting to ask about fixing their rate.  Read More
Workplace Relations Changes The Labor Government's Fair Work At 2009 will impact the way in which you handle employee relations within your business.  Some changes begin on 1 July 2009 and others will be introduced from 1 January 2010. Read More
Reminder - Due Date 14th July - PAYG Payment Summaries Due Please ensure you give a copy of the payment summary to each worker and keep a copy for your records by the 14th July. Read More
Have you set your New Financial Year Resolutions for your Business? Do you set yourself New Year's resolutions every year? Do you keep them? We are at the beginning of a new Financial Year, and it always makes me feel great, as it is an opportunity to start new goals and plans. Read More
New 50% tax deduction for business investment Small businesses may be entitled to a 50% tax deduction on eligible new tangible depreciating assets. Read More
End of Financial Year Tax Tips for Businesses June is your last chance to accelerate your tax deductions and boost your tax savings. Here are our top tax tips for business: Read More
ATO Email Scams - Dont be fooled! The Australian Taxation Office (ATO) is warning people to be wary of fraudulent emails being circulated that claim to offer a refund. Read More
Tax Audit Insurance - Is your business protected? There has been a significant increase in audit activity
It used to be a question of if; now it seems a question of when. The Australian Taxation Office (ATO) continues to announce significant increases in audit activity. Even if there are no adjustments, there will still be costs associated in the preparation of the material requested and the managing of the response process. Read More
Superannuation Co-Contribution Decreased Temporarily The superannuation co-contribution scheme will be reduced to 100% of eligible contributions for the next three financial years up to 30 June 2012. Read More
Paid Parental Leave Scheme The government has announced that it will introduce a Paid Parental Leave scheme for parents in respect of births and adoptions that occur on or after 1 January 2011. Read More
Increase in Medicare Levy Low Income Thresholds From the 2008/09 year, the Medicare levy low-income thresholds will be increased. Read More
Age Pension Age to increase to 67 The age pension age will be gradually increased to 67 years of age. Read More
Family Tax Benefit and other Family Payments Changes to the Family Tax Benefit and other Payments from the 2009/10 Budget Read More
Pension Drawdown Relief Extended The minimum drawdown amount for account-based pensions will be halved for the 2009/10 income year. Read More
Tax Thresholds Tax Rate Thresholds from 1 July 2009 Read More
Superannuation Concessional Contributions Caps Reduced The Superannuation concessional contributions (tax deductible) contributions have been reduced 1 July 2009. Read More
Private Health Insurance Rebate From 1 July 2010, the government will introduce three new “Private Health Insurance Tiers” in respect of the Private Health Insurance Rebate. Read More
First Home Owner's Boost extended - but halved from 1 October 2009. The First Home Owner's Boost (FHOB) will be extended for an extra six months and will be reduced by half for the last three months of the extension period. Read More
Carbon Pollution Reduction Scheme The government will delay the start date of the Carbon Pollution Reduction Scheme by one year, to 1 July 2011, to help Australian businesses manage the impacts of the global recession. Read More
Small Business Investment Allowance extended The Small Business and General Business Tax Break (Investment Allowance) will be expanded to ... Read More
Foreign Employment Income Exemption Changes If you work overseas, you may now have to pay tax on your earnings. Read More
ATO Form to make additional Superannuation Contributions This ATO form is now required to be filled out by yourself and sent to your nominated Superannuation Fund upon making additional super contributions. Read More
Have you just signed away your rights? Be careful that you don't sign an agreement which may exclude or limit your rights to recover damages under your insurance policy. Read More
Beginners Guide to Investing It is never late to start investing; the earlier you start, the better your money will grow.  Not sure where to start? Read More
How long do you think the market will take to recover? Don't know whether to invest in the bank or in the stock market?  Use the rule of 72. Read More
Latest Hotel Gaming Machine Prices The approximate average price for the last round of hotel authorities is as follows: Read More
Are you looking for Finance? Jason Fong, our loan broker with Australian Loan Professionals, is now based in our office. Read More
Insurance? It Just Makes Good Sense Some people say insurance is for pessimists. But you won't hear much optimism from small to medium enterprise (SME) owners caught short on insurance cover. Read More
Are you getting the FAB 5? Over and above getting their financial statements and tax returns done each year, businesses are looking for 5 key things from their accountant. We call them the FAB 5. Read More
Is Your Marketing Building Your Business? When times are tough, it is recommended to increase your marketing so that you can increase your market share. In tough economic times, you need to be smart with your money. You need to ensure that your marketing is either building your brand or bringing in customers. But how do you know if your marketing is doing this? How do you know if you are getting your money's worth? Read More
Responsible Service of Alcohol (RSA) Training All hotel employees hired after 1 January 2009 are required to undergo RSA Training within 30 days of commencing employment Read More
Increase in Lending Costs for Hotels At a recent QHA meeting it was discussed that Banks are using all resources to increase their clients bank interest rates Read More
Liquor Act Reforms Common sense is a bit hard to find these days, and the new Liquor Act Reforms prove this. Read More
Superannuation Standard Choice Forms Superannuation Standard Choice Forms are required for all staff members. Read More
Small Business Tax Break The new economic stimulus package will increase this allowance to 30% along with dropping the minimum spend to $1,000 for small business (Businesses with a turnover of over $2 million will remain at $10,000). Read More
Farmer's Hardship Bonus Farmers who are experiencing hardship due to drought conditions and others receiving Exceptional Circumstances related income support will receive a once-off bonus of $950.  This payment will come via Centrelink in the fortnight commencing 24 March 2009. Read More
Back to School Bonus Please note that this one-off bonus is on top of the Education Tax Refund which we have advised you of previously. Read More
Training and Learning Bonus This one-off bonus of $950 is proposed for students who receive the following Government Allowances: Read More
Recent Government Bonus's Small Business Tax Break (Plant & Equipment), $900 Tax Bonus, Farmers Hardship  Bonus, Single-Income Family Bonus, Back To School Bonus, Training & Learning Bonus, Free Ceiling Insulation. Read More
Free Ceiling Insulation The Government is installing ceiling insulation which will cut around $200 per year off the energy bills of households. You are eligible if you: Read More
Single Income Family Bonus This bonus is to single-income families who are entitled to Family Tax Benefit Part B. This bonus is for $950 and will be paid through Centrelink. Families who claim their FTB Part B through Centrelink on an annual lump sum basis will receive their on-off bonus upon their 2009 claim. Read More
$900 Tax Bonus for Working Australians This bonus is based on the level of income contained in the 2008 income tax return of working Australians who have (and will) lodge their income tax returns prior to 30 June 2009. Individuals should be eligible for tax bonuses of: Read More
Good Business will always Make Good Money. How to set your business up for the year ahead Read More
Inflation set to push interest rates down further Early inflation figures indicate that the next February meeting of the RBA could  drop the cash rate to 3.5% it's lowest levels since 1965. Read More
Super Alert! Contribution Cut-off Date, Wednesday 28th January, 2009  Read More
Why choose PJT? Why PJT are the accountants of choice on the Sunshine Coast: Read More
PAYG Instalment reduction 20% reduction in the quarterly (PAYG) instalment due for the December quarter. Read More
Investment allowance - additional tax deduction Temporary Investment allowance to encourage Australian businesses to undertake capital investment Read More
Super ALERT ! Wednesday 28th January, 2009 - Cut-off date for employers to pay superannuation Read More
Back to School - Keep the receipts! Eductaion Tax Refund from 1st July, 2008 Read More
Are you Underinsured? Do you have Business Interruption Cover? Read More
Bare you Feet - Caloundra City News article "Barefoot bowls for a good cause" Read More
The Loan Flag We have competitive finance waiting for you Read More
Bare your feet for Charity $4000 raised for Sunshine Coast Childrens Therapy Centre Read More
Work Life Balance What is the real reason for working too hard? Read More
Behaviour at Christmas parties Workplace issues with Christmas Drinks Read More
Education Refund

From 1st July, 2008, Tax Offsets for education expenses.

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Have you enough insurance this storm season?? Predictions are that this summer, storms will be a regular addition to our weather patterns. Read More
Tax help for people affected by storms

Residents affected by the recent severe storm activity in SE Queensland get some tax relief.

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FREE Investment Market Seminar Seminar exploring the world and local investment markets - At the PJT Office, Tuesday 2nd December at 6:30pm. Read More
Bare your feet for Charity The annual PJT Accountants and Business Advisors Charity Bowls day - Friday 28th November, from 1pm at Kawana Bowls Club  Read More
SUPERANNUATION - The truths and myths.

A brief look at self-managed super.

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PUB CLUB

Pub Club is a PJT Accountants and Business advisors initiative to bring hoteliers together to grow their business.

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What is happening.....? How to prepare in these uncertain economic times Read More
Professional Business of the Year PJT Accountants named professional business of the year by the Caloundra Chamber of Commerce and Industry. Read More
"allinsure" - Business Insurance Specialists Have you ever been left wondering if you have the right cover? Read More
How to Succeed in Business

 

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Family Business Latest Survey results show family businesses have an edge but they need to beware of other issues. Read More
The Global Markets What is happening in the global markets and how will this effect us in Australia? Read More
Lending Reviews

What is a lending review?

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Gaming News Where are the prices of Poker Machines heading. Read More
Business Women of the Year.

Melanie Jacobson and Jodie Thompson are nominated as best of the best.

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Interest Rate Cut in September?! Some experts tip the Reserve Bank to decrease rates by 0.5% in September. Read More
PJT's Premium Funding for Clients

One sure way to ensure that your cash flow is better managed and less stressful is to finance your larger bills PJT use Premium Funding. PJT has Premium Funding options available that are not as expensive as you may think.

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10 Steps to Improve Staff Morale

What is the value of motivated employees?

While many companies concentrate on improving the bottom line, few spend much time on employee morale. But many management specialists note that productivity and morale are related. Morale is not some abstract concept but a tangible factor that contributes to quality work and efficiency. Read More
Audit Insurance

Every taxpayer, salary or wage earner, company, firm, trust or partnership can expect to be audited at least once within the next four years by the Australian Tax Office since the introduction of the new tax system, GST and BAS (Business Activity Statements).

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Swan says Banks must justify their Rate increases

Federal Treasurer Wayne Swan says retail banks need to justify their mortgage rate actions to working families.

The country's largest home lender - the Commonwealth Bank of Australia - today announced it was raising its standard variable mortgage rate by 0.14 per cent to 9.58 per cent from Monday. Read More
Where is the Cash??

It is a new financial year and this means that your business should be in financial review mode. Now is the time to review what happened and develop a new set of goals for the coming twelve months.

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Credit crunch to hit harder over the next year

Nearly half of Australian businesses have been affected by the fallout from the global crunch but the worst could still be around the corner, a credit insurance company says.

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Distribution to a Minor for the 2009 Tax Year

You can distribute up to $2,666 to a minor for the year ended 30 June 2009. 

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7 Simple Steps: Growing Your Profit Margin

Time and time again we see how businesses tend to look over the small things because there is so much else going on in the business around them. Wayne Patten has experienced this exact situation in many of the Hotels he deals with. To help you get your business in order, follow Wayne's 7 Simple Steps to Boost Your Profit Margin.

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Essential Components of Credit Applications
There are a few 'essential components' to make a winning credit application. To help you to decide which of your customers should be granted credit terms, it's important to have a credit application form/agreement. Read More
How to Manage One Of Your Largest Investments Good Inventory or Stock Control may be defined as the activities and techniques required to maintain the desired level of inventory necessary to ensure that a certain level of sales may be maintained by a business. Read More
Managing the Assets & Working Capital of Your Business The way in which you manage your business' Assets and Working Capital is vital to your survival and prosperity. Effective asset management is instrumental in increasing the return your Assets provide while making sure your Assets are working and continue to work for you. Read More
Your Super Life Uncovered! We asked our Senior Accountants what you should be doing with your Superannuation at each stage in your life.  It is important people formulate appropriate wealth strategies to different financial stages of life. Read More
How to Manage Your Debtors Having an effective credit policy and collection procedure in place is one of the most vital facets of owning your own business. When it comes to customers who are unwilling to pay on time it can mean the difference between business success or failure. Read More
3 Ways To Grow Your Super

Follow these 3 simple hassle free steps to increase your Super.

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Borrowing Opportunities with Self Managed Super Funds (SMSF's)

The Federal Governement recently did a back flip over the longstanding ban on borrowing by self managed super funds (SMSF's). Want to know where you stand and what borrowing opportunities you may have?

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Fuel Tax Credits: get money back for your business Did you know that from 1 July 2008 most businesses can claim fuel tax credits? If you haven't checked your eligibility for a while, you may want to check again. Read More
Home Buyers Lose Out In Tax Change

Ironically new home buyers are constituents the Rudd Government has championed since its election. Property Council of Australia director Trevor Cooke said certain housing developers would now pay a greater proportion of their income in GST and would pass on that cost to buyers.

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How to Succeed in Business Every one has their own definition of success. PJT's definition of success is to be happy while working at something that you believe in and are passionate about. Here are six steps to help you achieve success. Read More
Employers - are you ready for super changes?

Changes to super from 1 July 2008 may affect the way some employers calculate the super guarantee contributions they make on behalf of their employees.

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4 Tips for judging your Super Fund's Investment Performance Your fund's investment performance usually makes a big difference to how much you will have to retire on.
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Current Market Volatility, how is it affecting you?

The current market volatility may be causing some people to become worried about the investment performance of their superannuation fund.

 

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3 Ways to grow your Super Discover 3 simple ways to grow your Superannuation. Read More
Self Managed Superannuation Fund (SMSF) Investment Strategies

What is an investment strategy and why is every Superannuation Fund obligated to have one?

An Investment Strategy is a documented plan for making, holding and realising a Superannuation Fund's assets or investments.

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How do I get the best home loan with these constant rate rises? Borrowers should review their home loan as the market changes and individual requirements change. Read More
ALCo takes out Wholesale Aggregator of the Year 2008 On Friday 29th of February, at the MFAA Awards for Excellence - ALCo won the Wholesale Aggregator of the Year. Read More
ALCo 1 0f 3 Finalists in MFAA Excellence Awards Australian Loan Company has been selected as one of three finalists in the MFAA Excellence Awards. Read More
Is FIXING the way to go in the current climate?

According to recent studies, one in four borrowers are now choosing a fixed-rated home loan. But if you think that by fixing your interest rate you're saving money, you could be wrong. There is a lot more to consider than just the interest rate.

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A Will for your business??

A normal will as most people know them is fairly straight forward. A business will is no different.

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Stepping onto the property ladder in 2008?

First-time investors stepping onto the property ladder in the new year can make some common mistakes when claiming rental deductions.

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Tax help for people affected by NSW & QLD floods

With recent flooding in NSW and Queensland the Tax Office has assured affected residents they don't need to worry about their tax at this time.

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Protection of employees super entitlements

Recent changes to the Corporations Act 2001 mean employees of failed companies have a better chance of getting their super entitlements back.

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Hoteliers keep up to date accounts

With the reduction of Poker Machine Tender Prices and increased competition in the marketplace, sound financial and management advice is paramount in ensuring you maximise your selling price for the hotel.

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Looking to retire in 2008?

If you are 55 and over, you now have the option of easing into retirement. You can reduce your working hours without reducing your income. You can top up your reduced income with a regular ‘income stream' from your superannuation savings. This is called the transition to retirement measure.

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Wayne Patten - Rookie of the Year - QRDA

Wayne Patten in his first year of motor racing is honoured with "Rookie of the Year" status at the yearly presentations of the Queensland Racing Drivers Association.

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Finalist in Business Excellence Awards

PJT Accountants and Business Advisors were shortlisted with 19 other professional firms on the coast in the final of the Sunshine Coast Business Excellence Awards.

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PJT Offers new Financial Services

PJT would like to introduce some new and exciting services that we wish all our clients to get familiar with, and when needed utilise to ensure that all your Financial Service Products stay with your trusted team at PJT. our new services include Wealth Planning, Risk and Finance.

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How to minimise Investment Risk

In many cases, people put all their "eggs into one basket". That is they have broken one of the most basic rules of investment and have not diversified their investments. Mark Cann can help you structure an investment portfolio that best suits you. 

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Super Co-contribution

The super co-contribution was introduced from 1 July 2003. It is an Australian Government initiative to help low to middle income earners save for their retirement.

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Car Fringe Benefits Records

Some employers are using inaccurate methods in dealing with the fringe benefits tax (FBT) obligations resulting from providing car benefits to their employees, the Tax Office has warned.

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Only one month left to lodge your tax return The Tax Office today reminded people that the 31 October deadline to lodge income tax returns is only one month away. Read More
Better super reforms drive record contributions The Treasurer welcomes the latest Quarterly Superannuation Performance report released today by the Australian Prudential Regulation Authority. The report shows record growth in super contributions for the June 2007 quarter.

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