Hot Issues
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Securely transfer your personal and business information over the Internet
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Centrelink Benefits - How Work Affects Your Payments
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Family Trusts - Complexity Increases, and so will costs
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Do you need to lodge an income tax return?
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Merry Christmas 2011
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Few know exactly what their true financial position is, do you?
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Employee Christmas Parties and Gifts  -  Any FBT?
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FBT - Christmas Parties and Taxi Fares
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Merry Christmas from Port Phillip Group
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ICCA Summer Client Information Bulletin
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Want to do some of your own research – no problems?
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Charitable donations
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SMSFs rise to meet new challenges
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Merry Christmas from Port Phillip Group
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Use a Registered Tax Agent to Improve Cash Flow
As anyone in business knows “A dollar paid tomorrow is a dollar saved today.”

This is certainly the case when it comes to tax.  If you knew that you can avoid having to pay a tax liability each November, and instead have an interest-free loan from the tax office for around six months, would you try it?  Hard to imagine, why not?

If an individual taxpayer uses a registered tax agent they can generally defer the lodgement of their tax return and payment of any final tax liability until around at least March, but often May of the following year.  This is a significant benefit for anyone paying tax.

Incidentally, the reverse of this logic applies when the Australian Taxation Office owes you a refund.  In that situation, you’re much better off getting your return in quickly.

 

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