Hayes Girling Tax Updates
To keep you up to date with this year's requirements for the 2014 Financial Year End and some pre 30th
Please see attached documents that should help you to prepare required documents for your taxation matters for business & individuals.
Also attached is some information you may find useful to minimise tax before 30th June 2014.
Business - Items to consider flyer
Business - Claimable expenses
Rental property information
Tax Return - Items to Consider
Please note Due dates for tax returns for 2012 Tax Year.
Entities Due to be lodged
Individuals 31st March of each year
Companies, Trusts, Superfund's 15th May of each year
Therefore the 2014 tax return for an individual is due to be lodged no later than 31st March 2015 (of the following year)
Please note if you are an individual attached to a Company, Trust, Superfund your individual returns shall be due on the 15th May.
In addition to the above, as most of you already know by now; The Australian Taxation Office have moved their focus from the GST area of the past 12 years into the income tax area. The ATO are being thorough and we are expecting a significant increase in audit requests from the Tax Office.. Please ensure all logbooks are up to date and any deductible Expenses are recorded. The ATO are looking.