Baker Affleck Moffrey

Hi [fname].

Welcome to the May edition of the Baker Affleck Moffrey newsletter - this is the month to focus on:

  • choosing a trust or company;
  • Self Managed Super Funds (SMSF); and
  • tax planning and news.

As 30 June approaches we remind you to start planning for the end of this financial year and the start of another year.

If you do not have an appointment booked with your accountant it is time to act - click here to book an appointment with one of the team at Baker Affleck Moffrey.

Kind regards
Damien Moffrey – Managing Director
Baker Affleck Moffrey Chartered Accountants


Trust or Company - which is right for you?

By Juris Stega

As the government is still considering changes to the taxation of  trusts, now is the time to consider which structure is best suited to your situation. Whether you are buying, building or restructuring your business, the advice of a qualified and experienced tax consultant can save you considerable money in tax bills

Click here to view full article

 


Borrowing and Superannuation

If you missed part 2 of our SMSF Seminar Series – Borrowing Through Super – read the attached summary of Damien Moffrey’s presentation.

Click here to view full article

 

 


Illegally accessing your super early can cost you more than you think

If you set up a Self-Managed Super Fund (SMSF) with the sole  intent of accessing your super savings early, you are breaking the law.

Click here to view full article

 

 

 


Flood Levy passed

The flood levy has been passed and will impose a 0.05% levy on incomes from $50,000 to $100,000 and 1% above $100,000.

Click here to view the table setting out the tax rates for the 2011/2012 income year.

Click here to view full article

 

 


Fringe Benefits Tax Update Benchmark Interest Rates

The benchmark interest rate for the FBT year commencing 1  April 2011 is 7.8%p.a. This rate replaces the rate of 6.65% that applied for the previous FBT year.

The rate of 7.8% is used to calculate the taxable value of:

  • a fringe benefit provided by way of a loan; and
  • a car fringe benefit where an employer chooses to value the benefit using the operating cost method.

 


Team profile - Rebecca (Beck) Moffrey

You may have noticed a familiar face and voice at Baker Affleck  Moffrey lately, Damien's wife (and many would say better half) Beck Moffrey has been in the office, helping us to deliver you fantastic service.

While you may know Beck is a Mum of two gorgeous children, Piper and Harper, you may not know about her other business ventures and career history.

Click here to view full article


Economic update

Click here to view full article


Newsletter No. 21
May 2011

Dates to remember

SMSF series

All sessions have been fully booked - we will therefore hold repeat sessions as follows:

Advanced Strategies with Super
Fully booked

Borrowing Through Super – repeat session
Wednesday, 15 June
Click here to register

Advanced Strategies with Super – repeat session
Date TBC
Click here to register your interest

Responsibilities of Trustees – repeat session
Date TBC
Click here to register your interest

 

 

Are you ready for 30 June?

  • Profit and Loss - are your figures up to date?
  • Business planning - have you considered your business goals and marketing plans for the next financial year?
  • Staff - have you considered staff performance and how to reward or work on improving results?
  • Trust deeds - are your trust deeds up to date given the recent changes?
  • Insurance - do you have enough cover, have you read the fine print or has your situation changed?
  • What opportunities lie ahead and who can help you approach them - your accountants, financial planner, lawyer, bank manager?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Baker Affleck Moffrey
Level 4, Evandale Place,
142 Bundall Road
Bundall QLD 4217

PO Box 634
Surfers Paradise QLD 4217
Phone: 07 5538 3088
Fax: 07 5539 0805
Email: admin@BAMoffrey.com
Web: www.BAMoffrey.com