Welcome to the Nelson Wheeler Nexia NewsletterWe are pleased to be able to bring you the final edition of our newsletter for 2009. We hope you find the following articles informative. Please don't hesitate to contact us if you require further information on these topics or any other issues. Regards Team at Nelson Wheeler Nexia |
Christmas Parties and Fringe Benefits Taxby Joanne GabellWhile staff Christmas parties can attract fringe benefits tax there may be exemptions available depending on the venue and cost per employee. ‘Lifestyle assets’ owned by companiesby Greg TabeRecent Government announcements bring under the spotlight the issue of private companies which own so-called ‘life-style’ assets, for example cars, boats and real estate. Super remains a super option for your financial futureby Rob AshbyWhile it’s never too late to start creating the financial future you dream of, it’s always better to start as early as possible because small amounts added to your superannuation when you are young can make a big difference to the size of your savings pool upon retirement. Claiming Rental Expensesby Ania SeabrookThe ATO has taken a “prevention is better than a cure” approach to ensuring that taxpayers who own a rental property are aware of the allowable rental property deductions. Recently the ATO has targeted a number of rental property owners in a bid to ensure that the rules regarding deductibility of interest, repairs and maintenance, borrowing expenses and capital works deductions are understood. New Workplace Relations Laws - Things You Must Knowby Simon VineFrom 1 January 2010 there are several important changes in Australia’s workplace laws that affect all employers and employees in the national workplace relations system. The changes include the introduction of new National Employment Standards (NES), many employers in New South Wales, Queensland, Tasmania and South Australia moving into the national system, and the commencement of modern awards. Employers and employees need to be prepared for these changes. R & D Concession Reformby Sandy StrachanA recent consultation paper released by Treasury designed to provide information about the new R & D tax concession has highlighted the nature of the changes that will apply when the new legislation commences from 1 July 2010. |
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The contents of this Bulletin are general in nature. We therefore accept no responsibility to persons acting on the information herein without first consulting us. |