Monday, January 28, 2008

2008 Next Big Thing Awards

Applications are being sought nationwide from businesses and individuals who have designed new products with the potential to become the 'next big thing'.

The Next Big Thing Award, created by the Victorian Innovation Centre INNOVIC, is designed to celebrate and promote Australian innovative ideas.

Winners receive over $50 000 in cash and prizes plus media exposure. An exhibition of the 21 finalists' innovations also be held at the Melbourne Museum.

Applications close on 14 March 2008. For more information on eligibility and the application process, refer to the Next Big Thing Award website or phone INNOVIC on (03) 9650 4733.


Tuesday, January 22, 2008

December quarterly superannuation contributions due soon


ATO Media Release 2008/05

The Tax Office today reminded employers that December quarterly superannuation contributions for their employees must be paid to a complying superannuation fund by Tuesday, 29 January 2008.

Tax Commissioner Michael D’Ascenzo said that since the 28 January deadline falls on a public holiday, contributions can be made without penalty until close of business on Tuesday, 29 January 2008.
“Even if you contribute more frequently than quarterly, you should pay all super guarantee contributions for the December quarter on or before the due date,” Mr D’Ascenzo said.

“If employers don’t make sufficient superannuation contributions by the deadline, they must lodge a superannuation guarantee charge statement and pay the super guarantee charge to the Tax Office by 28 February 2008.”

Employers unsure how to meet their super guarantee obligations can visit the Tax Office website at www.ato.gov.au/super or phone 13 10 20 for more information.


Monday, January 14, 2008

Company, Super and Trust Returns Due


REMINDER:

If you are not using a registered tax agent to prepare and lodge for you, the due date for company, superanuation fund and trust income tax returns is January 15th, 2008.


Saturday, January 12, 2008

Centrelink info for business

As a business owner and/or employer, you should be aware of information available to you from Centrelink.


Without ever leaving your computer, you can discover a range of information on assistance, services and business opportunities available to you and download a number of business publications.

For more information check out the Centrelink Business Index.


The comments provided in this blog are general in nature and not intended to be specific advice. Each situation is different. You should discuss your circumstances with Alan (or another tax agent) to obtain individual advice before acting on any information.