July 2013 Newsletter

Happy FY14! The new financial year is finally upon us, as we bring you news about some important changes:
We'd love you to favourite our new website as your portal for accounting, tax and super information and news. Of special note is our new GJB Tools page where you can download, check or engage with us in a number of ways.

To celebrate the relaunch of our website, we're giving away a pair of State of Origin 3 tickets - you can enter our special draw when you Like or Follow GJB. The winner will be drawn at 9PM on 3 July 2013 so make sure you enter.

Bank details a must for tax refunds this year
From 1 July 2013, where a refund is expected, individual tax returns will require bank account details to be entered when lodging via the electronic lodgment service (ELS). This includes the BSB and account number. Joint accounts and tax agent trust accounts are acceptable so make sure you bring your bank details when you come and see us this year.

Learn more about this...


Your SELF 
  • You would have heard about the 0.5% increase to the Medicare Levy, but what many may not realise is how this affects other tax rates. We run through which tax rates are affected and how.
  • And we answer the perennial question: can paying for insurance ever be tax deductible?
  • Plus an important reminder for closely held and family trust beneficiaries.

Learn more about this...


Your BUSINESS 
  • We review the expenses you can claim as deductions if you work from home, and 
  • Some common myths about employees and contractors.

Learn more about this...


Your SUPER
  • If you are a trustee in a self-managed superannuation fund (SMSF), you¹ll be pleased to know that the ban on in-specie contributions has now been lifted.
  • On the flipside, the ATO issued a taxpayer alert on SMSF property investments highlighting the need for SMSF trustees to steer clear from common mistakes, five of which we outline in this month¹s newsletter.
Should you require more information regarding any topic touched upon in this newsletter, please feel free to contact our office for personal advice on 02 9686 3130.

Learn more about this...

Kind regards,             


www.gjbarnett.com.au

         Follow us on Facebook
Follow us on LinkedIn
Follow us on Twitter
Read our Testimonials
Secure Client Login

Missed anything? Click here to read the latest news on GJB's blog

In this Issue:

Click here to read full issue
Your SELF 
Your BUSINESS
Your SUPER