Welcome to the Bentleys MRI BulletinWelcome to the latest edition of Bentleys MRI Electronic Bulletin. Thank you for taking the time to read the articles included in this edition. |
ATO focus on 2007 Tax ReturnsThe Tax Office has advised that it will be paying particular attention to the following in 2006/07: Where self-education expenses are not deductibleIn the case of Lloyd v Federal Commission of Taxation a taxpayer tried to argue that there was a perceived connection between the education expenses she had incurred while doing her PhD in Interactive Digital Media and Telecommunications and the increased income she received from her bank employer as a result of promotions. Changes to the CGT concessions for small business – 2006/07 yearIf a small business taxpayer disposes of a business, including goodwill, and is able to use the small business CGT concessions, it can potentially reduce the capital gain to nil! Delegate or Die!There is not a single management skill more critical to your personal and professional success as an entrepreneur than learning to delegate. But delegating successfully is much more than simply handing out assignments. |