Taxation Matters

Education tax refund instructions and claim 2009-10
http://www.ato.gov.au/individuals/content.asp?doc=/content/00238018.htm

There are a number of things which trustees should review to ensure that they meet the super and income tax laws at the end of the financial year.
http://www.ato.gov.au/superfunds/content.asp?doc=/content/00246860.htm

For the reasonable travel and overtime meal allowance expense amounts for the 2010-11 income year see TD 2010/19. For the 2010-11 income year the reasonable amount for overtime meal allowance expenses is $25.80. Reasonable amounts for travel allowance expenses are set out in the Taxation Determination.

The ATO has released the following:

Tax tips for the 2010 tax year:

http://www.cpaaustralia.com.au/cps/rde/xbcr/cpa-site/tax-tips-30-june-2010.pdf or download the attachment below.

For information how the ATO can help with financial or other difficulties relating to taxation obligations - click here for more information.

To coincide with the end of the financial year, CPA Australia has released its 2010 Good practice checklist for small business. The checklist highlights practices that small businesses should undertake at all times.

See the attachment below:

How to report business income from foreign sources - click here...

How to report foreign income, including rent, dividends, interest and royalties from foreign sources.

Reporting foreign income - click here...