Welcome to the August 2009 TAXWatch newsletter from William Buck to keep you up to date with recent tax changes that may affect you or your business.

Tax and Superannuation Advice

Do you need assistance with tax and superannuation issues for your clients? William Buck offers a specialist tax and superannuation advisory servi...Read more

Monthly Tax Update Training (2 CPD hours per session)

Our ongoing Monthly Tax Update Training sessions allow accountants and professional advisors to maintain an up to date knowledge of the Australian ...Read more

SMSF Strategist Training

Our highly popular SMSF Strategist training runs through 2009/2010. These superannuation workshops are aimed at providing you with new ideas and o...Read more

Contact Us

For more information on any of the issues highlighted in this newsletter please contact your William Buck Advisor at: info@williambucknsw.com.au ...Read more

Changes to the Employee Share Scheme Rules

In the May 2009 Budget, the Federal Government announced that from 1 July 2009, all discounts received under employee share schemes would be taxable up-front. This was to apply regardless of whether the employee was able to deal with the shares or was liable to forfeit the shares in some circumst...Read more

Investment Allowance - With Clarification Comes Opportunity

Although the dust has started to settle on the investment allowance rules (the rules) and the first of the key dates has passed, there continues to be material released by the Commissioner of Taxation (the Commissioner) to clarify the Australian Taxation Office's (ATO) position on certain aspect ...Read more

Time To Review Your Trust Deed?

The Full Federal Court case Bamford v FCT [2009] FCAFC 66 (Bamford Case) was handed down on 3 June 2009. The Bamford Case concerned the application of two key tax principles applying to trusts. The Bamford Case examined the approach to determine a beneficiary's share of the net income of the tru...Read more

Disclaimer

The material in this newsletter is for the benefit and information of clients. The items are in the nature of general comments only, and are not to be used, relied or acted upon without seeking further professional advice. William Buck accepts no liability for any errors or omissions, or for any loss or damage suffered as a result of any person acting without such advice. Liability limited by a scheme approved under Professional Standards Legislation other than for acts or omissions of financial services licensees.