Latest NewsStorm Damage AssistanceEx-tropical cyclone Oswald left its trail of desctuction over much of south-east Queensland during the Australia day weekend. Thankfully, Brisbane was not as badly affected as it was with the 2011 floods but we extend our sympathy to those people in ... [read more] Vale Rhonda StormonthBy now you may have heard that Rhonda Louise Stormonth passed away on Monday 5th September 2011. I am writing, on behalf of Sandra Anderson and myself as executors appointed to administer Rhonda’s estate, to let you know that we have been... [read more] SMSF Contribution CapsATO Assistant Commissioner Stuart Forsyth was reported in the Australian Financial Review as warning that the Australian Taxation Office is watching self-managed superannuation funds for any sign of members breaching their contribution caps, along wi... [read more] Top 4% of SMSF AccountantsThe ATO has released some figures which we found surprising but at the same time rather pleasing. Arabon is in the top 4% of accounting practices in terms of the number of super funds that we prepare financial reports and tax returns for. What this m... [read more] Brisbane Floods 2011The Queensland Flood didn’t inundate our Arabon offices. However some of our employees’ homes were flooded by either storm water or river water causing tens of thousands of dollars damage. Sadly, many of our clients’ homes and/or ... [read more] New Partners Same Old FacesArabon is some 25 years old now and has grown into an accounting firm helping over 2000 clients. The time has come where we need to take on some partners to help manage the firm and ensure that we can continue to deliver a professional quality servic... [read more] Small Business 50% Investment AllowanceSmall businesses will now be able to claim a bonus tax deduction of 50% – up from 30% previously – of the cost of eligible assets acquired between 13 December 2008 and 31 December 2009, and installed by 31 December 2010. The expand... [read more] Education Tax RefundWhat is the ETR? The Education Tax Refund (ETR) is a new government initiative designed to help eligible families and independent students meet the cost of primary and secondary school education. You can claim the ETR for education expenses you i... [read more] Henry who?Treasury Secretary, Dr Ken Henry, is due to hand down his report on the Austrlian tax system by the end of this year. The review announced on 13 May 2008 is meant to be a far-reaching look at the current tax system including all Commonwealth and Stat... [read more] Moratorium on minimum draw requirements for super fundsThe Commonwealth government has announced a moratorium on minimum draw requirements for account-based pensions for the second half of the 08/09 year. This is intended as a relief measure so that retirees can avoid selling investments in the current m... [read more] | Categories:General |
