Prepaid Expenses Smsf

DFM AccountantsGuide 011107 - QUANTUM GROUP - Innovators In ...
DR- Prepaid Interest & Borrowing Fees ($5,201+$21,489) $26,690 > Other deductions including investment expenses, capital works deductions and On or about January 2005 a self managed superannuation fund (“SMSF”) applied for 100,000 D ... Document Viewer

Welcome APRIL 2012
SMSF Borrowings FBT Salary Advice Optimising benefits For employers STRATEGIC TAX CONSULTING How healthy and sustainable is your business? claiming an immediate deduction for certain prepaid expenses, and further capital gains tax concessions. ... Doc Retrieval

FACSIMILE
Property and Self-Managed Superannuation Funds (SMSF) - You may be able to prepay property expenses up to 12 months in advance. Prepaid expenses are not automatically deductible. A review of eligible prepayments should be carried out. ... Access This Document

Newsletter June 2011
Deduction for prepaid deductible expenses such FMDs would be useful to reduce this year’s taxable income. Superannuation Contributions prior to 30 June 2011 (SMSF) is made up of ‘taxable and tax-free’ balances. The taxable proportion consists of ... Return Doc

Model Financial Statements
The Fund does not claim back GST and GST amounts are expenses in the Fund. Accounts Payable and Accrued Expenses are stated inclusive of GST. ("ATO"), the regulator of Self Managed Superannuation Funds ("SMSF's") this is not presented. Prepaid interest ... Access Doc

The 2009/2010 Tax Guide For You And Your Business Year Round ...
SMSF remains on tax office radar Prepaid expenses Some expenses can be prepaid, written off for financial reporting purposes and claimed as a deduction only when paid. Other expenses, however, can be prepaid and at the same time claimed ... Retrieve Doc

Key Tax Planning Strategies Prior To 30 June 2012
Prepaid deductible expenses such as office supplies, insurance , rent, lease payments, interest, Self-managed superannuation fund members will not be able to transfer shares off market without the use of a broker as part of the Government's ... Visit Document

Author: Jamie Towers 2011 YEAR END TAX PLANNING GUIDE 25 May 2011
Deduct prepaid expenses immediately and have simpler GST and FBT rules. (SMSF) trustees that are paying pensions or transition to retirement income streams to members, should ensure that the minimum required pension amount has been paid no later than 30 ... View Doc

Business Matters
Prepaid business expenses, and • FBT cark-parking exemption (will apply from 1 April 2007). Changes to GST Changes to GST announced in the 2007- (SMSF’s), the primary concern is that registrants may not fully understand their obligations. ... Access This Document

Www.phillipsons.com.au
A low cost subscription service that provides prepaid professional support in the event of an Individual: (fee limit $1000): SMSF Administration Tust Deed establishment, ongoing returns, gross profit personnel productivity expenses assets corporation: $2500. oo (up to 8 ... Get Doc

Top Tax STraTegies
For your Self Managed Super Fund but it doesn’t have enough funds, contact that all eligible capital expenses are added to their properties’ cost base to reduce the amount of capital prepaid prior to June 30. These pre- ... Access Doc

SJ Compton Tax Planning Small Business Checklist 2011
Prepaid Expenses - Is there an opportunity to prepay any expenses before 30 June 2011? - Have you considered structuring any new leases with annual payments? 5. Superannuation & Employment Termination Payments (ETPs) - Would a SMSF be an appropriate option? ... Get Document

SMSF Tax Return Ref. No. Tax Report - Detailed Ref.1 Expenses listed here do not include any expenses incurred in association with instalment warrants. This will provide a summary of prepaid interest, interest refunds and borrowing fees, as provided by each issuer. Tax Report – Summary ... Access Doc

Freedom. Choice. Control.
2 Prepaid interest on an Investment Loan will not be refunded. SMSF investors4) to benefit from low initial outlay and no deductions for some or all of their interest expenses in relation to their investment. reference asset risk: ... Access Full Source

BUSINESS TAX TIPS 2012 - Business Centre | BC Accountants ...
Prepaid expenses, up to 12 months in advance, are deductible for small business in the year incurred (ie invoiced).  Market valuation – needed about 30 June for property and investments held by or for an SMSF  Trust resolution ... Document Viewer

Year-end Technical Tips
SMSF contribution issues Claiming an immediate tax deduction for prepaid expenses If certain requirements are met, your clients may be able to claim a deduction for up to 12 months of prepaid interest expense, including interest paid in advance on a mortgage ... Get Doc