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

Changes to Non-Commercial Loss Rules to Affect High Income Earners

In the 2009 Budget, the government announced changes to the non-commercial loss rules. These changes further restrict the deductibility of business...Read more

Contact Us

For assistance or more information on any of the issues highlighted in this edition of TAXWatch please contact your local William Buck Advisor at w...Read more

Investment Allowance - The Clock is Ticking!

The deadline for taking advantage of the bonus deduction available under the investment allowance rules is fast approaching. Businesses have until 31 December 2009 to make an investment in an eligible asset to qualify for the bonus deduction. The bonus deduction currently available is 50 per cen...Read more

Is the Scope of Division 7A About to Expand...Again?

In the 2009 Federal Budget, the Government announced a number of proposed changes to the Division 7A rules. These changes, which are yet to be enacted, are intended to apply retrospectively from 1 July 2009. The more significant changes proposed were: Expanding Division 7A to capture the use o...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.