Hi [fname]. Welcome to the September issue of Baker Affleck Moffrey newsletter. In this month's newsletter Cameron McLary has written an article on Tax Audit Insurance. Are you covered if the Australian Taxation Office (ATO) call for a tax audit? We also have an article written by Juris Stega, Director's Personal Liability for Company Tax Debts. As a director of a company, are you aware of your liabilities? Enjoy the read! Audit shield service - protecting our clients against the cost of ATO audits, reviews and investigations By Cameron McLary We are witnessing an alarming trend with more and more clients being contacted by the Australian Tax Office (ATO) or other government agencies and subjected to random audits, reviews or investigations.
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Director’s Personal Liability for Company Tax Debts By Juris Stega Under current tax law, directors of companies can be held personally liable for unpaid PAYG Withholding (PAYG(W)) liabilities. PAYG(W) is tax withheld from an employees gross salary. Click here to view full article
The US debt crisis explained By Chris Caton The United States government has more debt than anyone else in the world; more than $14 trillion in total. This debt has come about because the Government has spent more than it has received in revenue (taxes) Click here to view full article
Caton's Corner, September 2011 By Chris Caton Few investors will be sorry to see the back of August. They were whipsawed through some extraordinary market volatility. For the month, the ASX200 fell by 2.9%, its fifth successive monthly drop. But it could have been a lot worse. From its intraday low on 9 August, the Australian market recovered by about 14%. The US share market was also down for the month, by 5.7%. Click here to view full article
ATO clamps down on GST fraud and cash income A key part of the ATO's Compliance Program is increasing their focus on non-complying taxpayers in the GST system, as well as those who fail to report some or all cash transactions. Click here to view full article
Team Profile - Miriam Harris Miriam was born in Macclesfield, England, and moved to Australia with her family in 1984. Miriam lived in Moura, QLD for two years before moving to the Gold Coast. Click here to view full article
Economic update By NAB Private Wealth |
Newsletter No. 25 Dates to rememberEstate Planning with you Super and Responsibilities of Trustees presented by Damien Moffrey and Richard Dawson of O'Keefe Mahoney Bennett When:Tuesday, 11 October
Borrowing through superWhen: Tuesday, 22 November
Advanced strategies with superWhen: Tuesday, 6 December
Baker Affleck Moffrey |
