Baker Affleck Chartered Accountants

Hi [fname].

Federal Court decision requires action for trust deeds

On 30 March 2010, the High Court handed down a Baker_Affleckdecision in the tax case Bamford v Commissioner of Taxation (“The Bamford Case”). This case has been followed by accountants and lawyers Australia-wide as the case clarified the meaning of income of a trust estate and a beneficiary’s share of that income.

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More on trusts - TFN withholding rules

The Government has extended the Tax FilBaker_Afflecke Number (TFN) withholding rules to closely held trusts, including family trusts.

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What are you going to do with your payment from the ATO?

It's that time of year again when many of us should expect toBaker_Affleck receive a cheque from the ATO as a result of some efficient and well planned efforts by you and your accountant. So how can you turn your tax return into a thriving investment? Starting good investing habits is important and with a few clever investment decisions, your tax refund can be transformed into a profitable investment that will increase over time.

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Baker Affleck guest editor: Adrienne Price

Adrienne is the niece of Baker Affleck accountant, Sioban Churchill. We are very fortunate to have Adrienne spend time with us as the guest editor of this newsletter.

Adrienne Price was born in South Africa and immigrated to the United States at the ripe old age of 8. Growing up in Denver, Colorado, and then moving to a small island in the Chesapeake Bay (about an hour from Washington, DC), she has had various encounters with different accents and dialects. She admires the Australian accent and luckily enough for her, she is interning with Baker Affleck and gets to hear that accent all day long.

When she is at university studying marketing and art, Adrienne fills the role of Photography Editor and Graphic Designer for The Flyer, the weekly student newspaper at Salisbury University. Recently, Adrienne won a music video contest, with help from her brother, for actor Jason Schwartzman's indie band Coconut Records. The video was played in a Los Angeles art show called "Los Angeles, I'm Yours" for about four weeks.


To gift or not to gift, that is the question

Most of us do have a sense of responsibility and compassion toBaker_Affleck help others who are less fortunate. There are so many worthy causes and charitable organisations seeking our support, so how do you decide who to support and what amount you can afford?

Donations to charity are tax deductible expenses and therefore can reduce your taxable income and lower your tax bill if treated correctly. So by speaking with your accountant you can decide on a community and compassion policy of your own.

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"Hands-on" contribution to children in India

Venturing to the Indian city of Mysore, Baker Affleck team member Christian Graham will take part in the Pratham program which was first initiated by UNICEF in 1994 with 2,000 children in Mumbai and has now increased to over a million children across India.

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Economic Update

Read this article for an economic update from Macquarie Wealth Management.

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Newsletter No. 11
July 2010

Key Dates:

Wednesday, 28 July
Due date for BAS lodgement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adrienn_Price

Favourite Book: "Henry and June" by Anais Nin

Favourite Movie: Rocky Horror Picture Show

Person you would like to share a meal with: Alphonse Mucha

Why: I really love his art and would like to know as much as I can about his artistic process.

Favourite Pasttime: Adrienne enjoys art, reading, blogging and revealing. Her blog can be found at - http://pickledbeetnik.blogspot.com

 

 

chrisian_Graham

 

 

 

Baker Affleck
Level 1 Solac House, 76 Appel St
PO Box 634
Surfers Paradise QLD 4217
Phone: 07 5538 3088
Fax: 07 5539 0805
Email: admin@bakeraffleck.com
Web: www.bakeraffleck.com