Rogerson Kenny Monthly Newsletter

March 2011

Our thoughts are with all Australians who have been affected by natural disasters over the last few months. We would also like to send our deepest sympathies to all those affected by the recent events in New Zealand.

The federal government has announced that the Australian Taxation Office will assist people who have been affected by the floods by:

• Fast-tracking refunds;
• Providing people in business extra time to pay tax, without interest charges;
• Giving extra time to meet Business Activity Statement, income tax and other lodgement obligations, without penalty;
• Extending the lodgement date for monthly Business Activity Statements to 21st February 2011.

Those in the affected postcodes will automatically have the following lodgment and payment dates deferred:

• lodgment and payment of the December monthly activity statement from the original due date of 21 January 2011 to 21 March 2011;
• lodgment and payment of the January monthly activity statement from the original due date of 21 February 2011 to 21 March 2011;
• lodgment and payment of December quarterly activity statements from the original due date of 28 February 2011 to 28 March 2011;
• lodgment and payment obligations of income tax due in February 2011 for a period of one month; and
• lodgment of superannuation guarantee charge (SGC) statements for the quarter ending 31 December 2010 from 28 February 2011 to 28 March 2011.

For more information, please do not hesitate to contact our office on (03) 9802 2533, or visit our website, www.rogersonkenny.com.au.

Special Flood Edition
Declaration of Disasters, proposed flood levy and Disaster Income Recovery Subsidy,

Tax and Compliance Update
ATO targeting GST compliance, 50% Tax Break deduction under new "Green Building's Scheme" and ATO looks at limited by guarantee loan arrangements ,

Superannuation Update
Release of Superannuation benefits,

Business Update
Small Business Loans and Grants and Taxation Treatment of Loans/Grants,

Client Profile
Mr. Greg Cassidy - JGC Electrical Pty Ltd

Do you want you want to be "Client of the Month"? Please email sasha.dean@rogersonkenny.com.au to find out more!

Staff Member of the Month
Mrs. Carly Williams