|
Welcome to the August 2006 edition of our online newsletter.
Rental income and expenses claims will again be high on the Australian Tax Office agenda when it looks at this year’s tax returns. Due to an increase of around 7% recorded in rental income and an increase of 12% deductions in 2004/05, the ATO will be carefully scrutinising the deductions rental property owners are making in their annual returns.
Click here for the full article.
The most recent survey from the Westpac-Melbourne Institute has shown a 3.5% increase in the index of Australian consumer sentiment for July 2006, further supporting the Reserve’s reasoning behind this months interest rate hike.
The improvement in sentiment has been attributed to reports of stabilising petrol prices and a rebound in the share market, and notably the latest round of tax cuts made effective from July 1.
Click here for the full article.
With the new financial year now upon us, many businesses have begun preparing their 2005/2006 year end records. We would suggest to our clients that this is a good time to go through records held for previous years.
The obligation to maintain records varies depending on the relevant legislation and types of records.
Click here to find out more.
With a technology environment not designed for growth, Perfect Vision’s two busy clinics were struggling to cope with the amount of data the business was generating, creating frustrating downtime and instability. An upgrade in technology has meant improved customer satisfaction, better staff access, greater data security and impressive cost savings of $30,000.
Click here to find out more.
|
Welcome
Record Keeping Requirements 