Capital allowances: iron smelting and steel manufacturing (casting assets) - revised draft effective lives

Posted under taxes by ATO - All New Information on Tuesday 23 February 2010 at 1:00 am
This document makes available for comment draft effective lives for casting assets used in iron smelting and steel manufacturing. Comments should be made by 31 March 2010.

Capital allowances: iron smelting and steel manufacturing (blast furnace assets) - revised draft effective lives

Posted under taxes by ATO - All New Information on Tuesday 23 February 2010 at 1:00 am
This document makes available for comment draft effective lives for blast furnace assets used in iron smelting and steel manufacturing. Comments should be made by 31 March 2010.

Capital allowances: iron smelting and steel manufacturing (basic oxygen steelmaking assets and electric arc furnace steelmaking assets) - revised draft effective lives

Posted under taxes by ATO - All New Information on Tuesday 23 February 2010 at 1:00 am
This document makes available for comment draft effective lives for basic oxygen steelmaking (BOS) assets and electric arc furnace (EAF) steelmaking assets used in iron smelting and steel manufacturing. Comments should be made by 31 March 2010.

Large business bulletin: February 2010

Posted under taxes by ATO - All New Information on Monday 22 February 2010 at 1:00 am
This issue includes feature articles on debt deductions, and the need to ensure that business systems accurately capture and report GST.

Update on processing delays

Posted under taxes by ATO - All New Information on Friday 19 February 2010 at 1:00 am
Latest update on new income tax system and processing.

Frequently asked questions - for tax practitioners

Posted under taxes by ATO - All New Information on Friday 19 February 2010 at 1:00 am
Information for tax practitioners on the staged implementation of release 3 of the Tax Office's change program, including the new income tax processing system.

Essential references for bookkeepers

Posted under taxes by ATO - All New Information on Friday 19 February 2010 at 1:00 am
This document contains links and instructions to help you find information on topics you may need to know about as a bookkeeper.

ATO examining takeover arrangements

Posted under taxes by ATO - All New Information on Thursday 18 February 2010 at 1:00 am
Tax Commissioner Michael D'Ascenzo today warned the ATO will take a close look at uncommercial arrangements designed to claim unintended GST benefits for a company's float, merger or acquisition.

TA 2010/1 - GST - interposing an associated ‘financial supply facilitator’ to enhance claims for reduced input tax credits for expenses incurred in the course of a company takeover

Posted under taxes by ATO - All New Information on Thursday 18 February 2010 at 1:00 am
This Taxpayer Alert describes an arrangement that attempts to create or increase an entitlement to a reduced input tax credit (RITC) for an entity that makes a financial supply of acquiring shares in a company as part of a takeover.

eLink 05/10

Posted under taxes by ATO - All New Information on Thursday 18 February 2010 at 1:00 am
Bulletin to inform tax practitioners of the most recent updates to ato.gov.au including lead articles titled 'Income tax returns - gradual processing', 'Check PAYG instalment rates or amounts' and 'SMSF returns due for lodgment'. Issued 10 February 2010.
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