End of 2011 Financial Year Newsletter

Dear #firstname#,

As the end of the 2011 Financial Year approaches, we at Rogerson Kenny thought we'd send you an email with a couple of reminders and handy hints to make the transition into the new financial year as smooth as possible, and to ensure you are up to date with new government policies and the like.

The tax rates for resident individual taxpayers for the 2010/2011 income year are as follows:

Income threshold	Tax payable
$0 - $6,000	Nil
$6,001 - $37,000	Nil + 15% of excess over $6,000
$37,001 - $80,000	$4,650 + 30% of excess over $37,000
$80,001 - $180,000	$17,550 + 37% of excess over $80,000
$180,001 and over	$54,550 + 45% of excess over $180,000
Note: The Medical Levy is in addition to these rates.

In the 2011/12 income year, the Flood levy will impose an additional 0.5% levy on taxable incomes from $50,001 to $100,000 and 1% above $100,000.

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

If you are an Employer - please read these notes

Payroll Tax - Remuneration Taxable in Victoria
Workcover
PAYG Annual Summaries - Extention of Lodgment Date
Superannuation
Reportable Employee Superannuation Contributions
Fringe Benefits

If you have a Company - Please read these notes

ASIC Annual Statements & ASIC fees

If you are in a Business - Please read these notes

Stocktake
Income in Advance/Deposits - Bad Debts
Small Business Entities (SBE)
Bank Reconciliation
Reconciliation of Debtors and Creditors
Business Activity Statements (BAS)
Valid Tax Invoices
Loans to Associated Persons
Research and Development Expenditure
Software Hint

Rogerson Kenny Business Accountants - P.O. Box 323 Mt Waverley Victoria 3149 Ph: (03) 9802 2533
F: (03) 9802 0590 E: mail@rogersonkenny.com.au

This update is designed as a summary of taxation information and is not intended to be taken as advice.
Rogerson Kenny accepts no liability for decisions made according solely to this information.
Please contact Rogerson Kenny for an interview for more information.