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In Practice This Week - 15 May 2012

 

From Parliament

 

Schoolkids Bonus Bill introduced

On 9 May 2012, the Government introduced the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Bill 2012 (the Bill) into Parliament.  The Bill legislates the schoolkids bonus payment (2012-13 Budget measure) that will replace the education tax refund paid through the taxation system.

From the ATO

 

Contribution via clearing house

The ATO has released the Superannuation Technical minutes of March 2012. The minutes detail the ATO's views on when a contribution is made to a superannuation fund when it is made through a clearing house.

Application of flood levy to employment termination payments and super payments

The ATO has released a document on the application of the flood levy to employment termination payments and super payments.  The document contains tables will help taxpayers work out which payments the flood levy applies to and the percentage of the relevant payment that is included.

Commonwealth Budget 2012-13

On the evening of 8 May 2012 the Gillard Labor Government released the 2012-13 Commonwealth Budget. Practising Tax has prepared a brief summary, for your information, of some of the newly announced tax items in the Budget. 

Click here to find our report.

 

Client newsletters made easy

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Practising Tax 2011 Topic List

Practising Tax aims to provide tax training topics that respond to our clients' needs.  This means we provide you with the topics and information that you need when you need it.

Click here to find a list of the topics presented last year during Practising Tax's 2011 training programme.

Practising Tax testimonials

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