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Latest Financial Planning News
Hot Issues
ATO reviewing all new SMSF registrations to stop illegal early access
Compliance documents crucial for SMSFs
Investment and economic outlook, October 2024
Leaving super to an estate makes more tax sense, says expert
Be clear on TBA pension impact
Caregiving can have a retirement sting
The biggest assets growth areas for SMSFs
20 Years of Silicon Valley Trends: 2004 - 2024 Insights
Investment and economic outlook, September 2024
Economic slowdown drives mixed reporting season
ATO stats show continued growth in SMSF sector
What are the government’s intentions with negative gearing?
A new day for Federal Reserve policy
Age pension fails to meet retirement needs
ASIC extends reportable situations relief and personal advice record-keeping requirements
The Leaders Who Refused to Step Down 1939 - 2024
ATO encourages trustees to use voluntary disclosure service
Beware of terminal illness payout time frame
Capital losses can help reduce NALI
Investment and economic outlook, August 2024
What the Reserve Bank’s rates stance means for property borrowers
How investing regularly can propel your returns
Super sector in ASIC’s sights
Most Popular Operating Systems 1999 - 2022
Treasurer unveils design details for payday super
Government releases details on luxury car tax changes
Our investment and economic outlook, July 2024
Striking a balance in the new financial year
The five reasons why the $A is likely to rise further - if recession is avoided
What super fund members should know when comparing returns
Insurance inside super has tax advantages
Are you receiving Personal Services Income?
It’s never too early to start talking about aged care with clients
Taxing unrealised gains in superannuation under Division 296
Capacity doubts now more common
Articles archive
Quarter 3 July - September 2024
Quarter 2 April - June 2024
Quarter 1 January - March 2024
Quarter 4 October - December 2023
Quarter 3 July - September 2023
Quarter 2 April - June 2023
Quarter 1 January - March 2023
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Quarter 1 January - March 2022
Quarter 4 October - December 2021
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Quarter 4 October - December 2016
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Quarter 4 October - December 2015
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Quarter 4 October - December 2014
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Quarter 1 January - March 2014
Quarter 4 October - December 2013
Quarter 3 July - September 2013
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Quarter 4 October - December 2012
Quarter 3 July - September 2012
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Quarter 4 October - December 2011
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Quarter 1 January - March 2010
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Quarter 3 July - September 2009
Quarter 2 April - June 2009
Quarter 1 January - March 2009
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Quarter 3 July - September 2008
Quarter 2 April - June 2008
Quarter 1 January - March 2008
Quarter 4 October - December 2007
Quarter 3 July - September 2007
Quarter 2 April - June 2007
Quarter 1 January - March 2007
Quarter 4 October - December 2006
Quarter 3 July - September 2006
Quarter 2 April - June 2006
Quarter 1 January - March 2006
Quarter 3 of 2013
Articles
Explainer: the role of budget deficits
Market Update - 31st August 2013
Some terms defined
Retirement maze
"Australia's most motivated profession"
How realistic are your investment goals?
Income generation requires tailored strategies
Critical warning for SMSFs
Market Update - July 31st 2013
A matter of knowledge
By George!  Pension win for SMSF trustees
Ahead of the curve:  SMSF trustees love an expert
The dollar's risk and reward
Baby boomers see red
Some Terms defined.
Market Update - June 30 2013
Gen Ys wary of much-needed advice.
Relationship breakdown: a destroyer of person wealth
Private wealth managers searching for good fit.
Financial Literacy and Finding Relevant Information
Some Terms defined.
Every day we are exposed to words and phrases we don't really know the meaning of.  The following seeks to help with a few of them.  

Also finding relevant information is always helpful and the eWombat search facility (an Australian product) on this site can help, it even offers benefits other search mechanisms can't.  For example, it only searches websites relevant to your needs and searches a number at a time to save you time and effort or the risk of missing something important.  The sites searched include the ATO, Centrelink, ATO Law, ASIC, Australasian Legal Information Institute, and State Revenue offices. 

However, eWombats move more slowly than things like Googles but they tend to bring back more relevant local information.

 

 

 
     

 

Australian business number (ABN)
The Australian Business Number (ABN) is a single identifier for all business dealings with the tax office and for dealings with other government departments and agencies.

Business activity statement (BAS)
Businesses use an activity statement to report and pay a number of tax obligations, including GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax. Activity statements are also used by individuals who need to pay quarterly PAYG instalments.

Capital gains tax (CGT)
Capital gains tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. The most common way you make a capital gain (or capital loss) is by selling assets such as real estate, shares or managed fund investments. Managed funds also distribute capital gains you must report.

Division 7A
Division 7A may apply to private companies that make tax-free distributions to shareholders or shareholders' associates in the form of payments, loans or debts forgiven.

People with disabilities
What you need to know if you have a disability or you are managing the tax and superannuation affairs for someone who has a disability.

 



Source:  Australian Taxation office



28th-July-2013

        
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