The M.A.S Partners
newsletter.

• Consider deferring the disposal of shortly-held assets to access the CGT discount, where available. Click heading to read further.

• The franking percentage for distributions to shareholders should be the same for each franking period to avoid a franking deficit tax. Click heading to read further.

• Taxpayers should review trust deeds to determine how trust income is defined. This may have an impact on the trustee’s tax planning. Click heading to read further.

• A re-contribution strategy may produce tax benefits for taxpayers under age 60. Click heading to read further.

Natural disasters such as the Queensland floods in early 2011 resulted in the tragic loss of lives and wreaked havoc and devastation. Click heading to read further.

The Federal Government’s Paid Parental Leave scheme commenced on 1 January 2011. Click heading to read further.

Simply put, tax planning is the arrangement of a taxpayer’s affairs so as to comply with the tax law at the lowest possible cost. Click heading to read further.

• Income received in advance of services to be provided will generally not be assessable until the services are provided. Click heading to read further.

Business taxpayers
• Debtors should be reviewed prior to 30 June to identify and to write off any bad debts. Click heading to read further.