Bentleys Bulletin

Welcome to the latest edition of Bentleys Electronic Bulletin. Thank you for taking the time to read the articles included in this edition.

If you have any comments to make, we would love to hear from you. You can do this by using the feedback button in the bulletin.

Yours faithfully

THE BENTLEYS TEAM

SMSFs and Business Real Property

A new Taxation Office Draft SMSF Ruling explaining the term “business real property”.

2008-09 Federal Budget Follow-up - Depreciation rate for in-house software

Also following the passing of the Tax Laws Amendment (Budget Measures) Bill, there are amendments to ITAA 1997 to increase the period over which taxpayers write off depreciable in-house software from 2½ years to 4 years.

Export Market Development Grants

Applications for Export Market Development Grants for 2007/08 grant year open on 1st July, 2008. The grant is administered by Austrade and provides a wide range of support to Australian exporters.

Budgets are Important

This is the time of the year to think about your financial performance for the next 12 months.

FBT Car Parking Threshold

The Tax Office has stated that the car parking threshold.............

Capital Improvement Threshold Released

The Tax Office has released the capital improvement threshold......

Increase in Pension Thresholds

The assets test thresholds for pensions will increase from 1 July 2008.

PAYG Payment Summary

The Taxation Commissioner has issued a new Legislative Instrument.

Tax Office Data Matching

Luxury cars
Owner-builder licence registration.

Main Residence Exemption

A recent AAT decision.

Contact details

Phone
61 (02) 8249 4478

Fax
61 (02) 8249 4915

Email
Email us

Address
Bentleys MRI Australia Limited
Level 3
3 Spring Street
Sydney NSW 2000

Please contact our nearest office if you would like more information on this topic.

Bentleys Chartered Accountants and Business Advisors has offices in:

Australian capital cities Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra

Regional and suburban Dubbo, Gosford, Ipswich, Maroochydore, Newcastle, Tamworth

This publication is provided to you by Bentleys Australia Pty Ltd (Bentleys) on a complimentary basis. The information provided is a general guide only and Bentleys accepts no responsibility for the accuracy of the information or opinions contained herein. The contents do not constitute business, accounting, taxation or financial advice and should not be relied upon as such.

Bentleys is a national association of independent accounting firms in Australia. The member firms of the Bentleys association are affiliated only and not in partnership.
Bentleys participates in the Praxity AISBL International Alliance of accounting firms.

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