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Business Matters Newsletter (Bulletin May 2010)

Click here for Smith Feutrill’s Business Matters Newsletter which focuses on strategies for managing your business.

In this issue:

  • Women in business on the rise
  • Promoting a level playing field
  • Changes to the non-commercial loss rules
  • Making the most of a trade show
  • Deadline for small business help

Posted on 25 May '10 by editor, under Firm news. No Comments.

World’s Greatest Shave

Smith Feutrill recently took part in The Leukaemia Foundation World’s Greatest Shave.  While we originally set our firm fundraising target at an ambitious $5,000, the generosity of our donors has been so fantastic that this figure grew to be in excess of $7,000.  A big thank-you to our clients, friends and family who made these generous donations as part of our fundraising initiative.  The Leukaemia Foundation provide free, practical support to patients during their long and tough treatment, as well as boosting research into better treatments and hopefully cures for blood cancers such as leukaemia, lymphoma and myeloma.  Smith Feutrill are happy to support these very worthwhile causes, and thank you for your assistance in achieving this fantastic result.
We’re also happy to say that the colour is all gone and the hair has started to grow back, so you don’t need to be afraid of the “Smith Feutrill Thugs” when visiting our offices!  Below are some happy snaps of our willing participants.
 colourers shavers2

Posted on 5 May '10 by editor, under Firm news. No Comments.

Year End Strategies Newsletter (Bulletin April 2010)

Click here for Smith Feutrill’s Year End Strategies Newsletter which focuses on strategies for managing your business.

In this issue:

  • Get a year end tax health check
  • Tax arrangement deadline
  • The end is near – tax year end that is!
  • SMSFs remain on tax office radar
  • Home is where the tax deduction is
  • SMSF reserves – old wine in new bottles
  • Year end tips for property owners

Posted on 27 April '10 by editor, under Firm news. No Comments.

Smith Feutrill’s 2010 Footy Tipping Competition

Footy Tips

With the AFL Premiership Season finally upon us, the highly anticipated 2010 Smith Feutrill Footy Tipping Competition has been launched. Entry is only $30 and there will be fabulous end of season prizes as well as the chance to win weekly prizes if you correctly guess 8 out of 8 results.

If you would like to be part of the fun and have not already received an invite, or you are having problems signing up, please contact Rebecca Landale on (03) 9854 3200 or rlandale@smithfeutrill.com.au

Posted on 10 March '10 by editor, under Firm news. No Comments.

March 2010 Bulletin

Lodgement Reminder

With the 15th May lodgement deadline looming for 2009 tax returns, now is the time to get your accounting records to us if you haven’t already done so. If you have any queries regarding this please contact us as soon as possible to avoid possible late lodgement penalties and/or general interest charges.

Changes at the ATO

You may be aware that the ATO has undergone a major upgrade to their ICT (Information Communications and Technology) that manages all tax accounts, processing and lodgements for Australia. This occurred from December 2009 to the end of January 2010 causing delays in processing of assessments and payments up to the middle of February. The ATO informs us they are now up to date and it’s back to business as usual. Moving forward there has been a significant and noticeable change in the look of Assessments and Statements of Account. Please ensure you carefully review our covering letters which contain important information regarding due dates for payment and any variation to our estimates. Should you have any queries with regard to the new look Notices of Assessment, please do not hesitate to contact us.

Posted on 10 March '10 by editor, under Firm news. No Comments.

World’s Greatest Shave

Smith Feutrill have joined the Leukaemia Foundation World’s Greatest Shave 2010. All funds raised will help the Leukaemia Foundation provide practical care and support to patients and families living with leukaemias, lymphomas, myeloma and related blood disorders.

With your help, we hope to raise an ambitious $5,000 towards this worthwhile cause!! Below is a list of our 15 brave team members who will be shaving or colouring their hair to help us achieve this target.

Shavers:

  • Tony Smith
  • Fabio Cattapan
  • Greg Power
  • Peter Bennett
  • Stephen Dullens

Colourers:

  • Anthony Gibbs
  • Grace Ortika
  • Jasmin Xu
  • Linda Necovski
  • Monique Van Der Haar
  • Rebecca Van Eeden
  • Stella Liapis
  • Vicky Yang
  • Vivienne Isaac
  • Yvonne Zeng

World's Greatest Shave

To make a secure credit card donation and sponsor one of our team members please see our Smith Feutrill team page. All donations of $2 and above are tax deductible. Please note that Colouring/Shaving will occur on Friday 12th March, so if you are visiting our office during the following week please do not be alarmed at our appearances!

Should you have any queries please do not hesitate to contact Rebecca Landale on (03) 9854 3200 or rlandale@smithfeutrill.com.au

Posted on 10 March '10 by editor, under Firm news. No Comments.

Staff Appointment – Rebecca Van Eeden

rebecca It is with pleasure we announce the promotion of Rebecca Van Eeden to the position of Senior Accountant effective 1 January 2010. Rebecca has been with the firm for 3 years, has been a dedicated and enthusiastic team member throughout this period and has developed strong client relationships with her professionalism and technical ability.The Directors and fellow staff members congratulate Rebecca on her promotion and are sure she will do an outstanding job in this new role.

Posted on 9 January '10 by editor, under Firm news. No Comments.

Declare offshore income now – ATO Announcement

An important announcement from the ATO for Tax professionals for your consideration.

http://www.ato.gov.au/taxprofessionals/content.asp?doc=/content/00222632.htm

If this applies to you, don’t delay – speak with your Smith Feutrill tax adviser now – we’re ready to listen and ready to help.

Posted on 4 December '09 by editor, under Firm news. No Comments.

The Fair Work Act Overview

Australia’s workplace relations system changed on 1 July of this year with the introduction of The Fair Work Act 2009.  This act creates a new legislative framework for workplace relations, the aim being the establishment of a strong safety net for employees’ minimum workplace standards. 

The Fair Work Act, the Rudd government’s response to the much publicised Work Choices legislation, aims to give employees clear, comprehensive and enforceable minimum protections that cannot be removed by employers.  While officially becoming law on 1 July 2009, there is a bridging period up to 31 December 2009 for many provisions contained within the act.

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Posted on 11 November '09 by editor, under Firm news. No Comments.

Christmas Parties and Gifts

Christmas is on the way and many employers will be planning their annual year end “bash”.  In addition, many businesses will be considering what gifts, if any, they will provide to clients and employees. However, an important issue to consider is the possible FBT and income tax implications of providing “entertainment” to staff and clients. One major consideration is the “less than $300″ minor benefit exemption and the fact that the Tax Office now accepts that different benefits provided at (or about) the same time are not added together when applying this threshold. Basically, this means that a Christmas party and gifts may be exempt from FBT, even if provided at the same time, as long as each costs less than $300!

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Posted on 11 November '09 by editor, under Firm news. No Comments.