Welcome to the Bentleys MRI BulletinWe are pleased to provide you with the latest edition of the Bentleys MRI Bulletin. |
Tax mining – making sure you get every dollarFor the last few years, every Federal Budget has brought tax cuts. It’s important to make sure you dig deep to find every dollar of tax saving possible. Changes to SuperannuationThe superannuation system is changing from 1 July 2007. According to the Government the changes should mean most people would receive more from their super. Employment termination paymentsEligible termination payments as they currently exist will be replaced by "employment" termination payments and superannuation benefits from 1 July 2007. Employee leaving ? Know your employer obligationsAre you aware of your obligations when an employee leaves? Unpaid Tax or SGC the ATO could come callingIn this years federal budget the ATO received extra funding of $125.7 million over four years to work on reducing debt and collecting superannuation guarantee charge debt owed by employers. Tax Treatment of VolunteersSome payments to volunteers may be assessible income and subject to tax. |