Inside=20 this issue ATO=20 Update Read = Article The=20 Fair Work Act Read = Article Are=20 Your Details Up To Date? Read = Article Lost=20 Super? Read = Article Donations Read = Article Australians=20 Working Overseas Read = Article Important=20 Upcoming Dates Read = Article Visit=20 Our Website

Phone: =

07=20 4124 2220

Fax: =20

07=20 4124 3690

Email:

admin@allbusinesscpa.com.au

Web:

www.allbusinesscpa.com.au

Street=20 Address:

Shop=20 1, "Melory=20 Place"

53=20 Torquay Road

PIALBA QLD = 4655

Postal=20 Address:

PO=20 Box=20 3162

PIALBA QLD = 4655

Issue=20 22

February=20 2010

Welcome to=20 2010

Happy = New=20 Year! Welcome all = to the=20 first edition of A.L.L. Business News for 2010. We hope that you enjoyed = a well=20 deserved break over the Christmas period. The A.L.L. Business team = have come=20 back from the break re-energised and invigorated for the exciting = year=20 ahead. =

There = is no=20 better time than now to set some big goals for your business and = put the=20 strategies in place to achieve them. =20 Perhaps you are sick and tired of battling to complete your = own BAS=20 each quarter. Maybe = you have=20 the plans for your business but need the help to set the wheels in = motion.

Let = A.L.L.=20 Business help you accomplish your goals in 2010 as this is your = year to=20 shine!

Andrea=20 Lynam

ATO=20 Update

The = Australian=20 Taxation Office is still underway with upgrading their computer = systems to=20 introduce a new income tax processing system. What this means for our = clients is=20 possible continued delays in processing during February.

We = will, as=20 always, notify you as soon as we receive your notice of assessment = from=20 the ATO.

Back to = Top=85.

Are = Your=20 Details Up To Date?

Have = you moved=20 recently? Have you = changed=20 your email address or phone number? =20 To ensure that our database more importantly, the details = that you=20 have registered with the ATO are the most current, please notify = A.L.L.=20 Business if you have had any changes in contact details.

Please = find below=20 the links to our Client Update Forms where you can update your = details and=20 simply return the form by clicking the submit button at the = bottom.

Individuals Update=20 Form

Company Update = Form

These = forms are=20 also available from our office as a printed=20 document.

Back to = Top=85.

The = Fair Work=20 Act and = Small=20 Businesses

From 1 = January=20 2010 Australians are governed by a new national workplace = relations=20 system, The Fair Work Act. = The changes in workplace laws affect all employers and=20 employees. The key = elements=20 of The Fair Work Act are the introduction = of:

National = Employment=20 Standards=20
Introduction of = Modern=20 Awards=20
Revised enterprise = bargaining arrangements=20
Streamlined = protections=20 dealing with workplace rights, industrial activities and unfair=20 dismissal=20
Two new agencies = to regulate=20 the system =96 Fair Work Australia and the Fair Work=20 Ombudsman

These = key=20 elements may mean significant changes for your small = business. The National Employment = Standards=20 are comprised of 10 minimum standards of employment, covering = minimum=20 entitlements regarding:

Minimum weekly = hours of=20 work=20
Requests for = flexible=20 working arrangements=20
Parental leave and = related=20 entitlements=20
Annual=20 leave=20
Personal/carer=92s = leave and=20 compassionate leave=20
Community service=20 leave=20
Long service=20 leave=20
Public=20 holidays=20
Notice of = termination and=20 redundancy pay=20
Provision of a = Fair Work=20 Information Sheet

The = Modern Awards=20 replace the existing awards in most industries and apply in = addition to=20 the National Employment Standards. =20

Fair = Work Online=20 have information and advice about the new national workplace = relations=20 system at www.fairwork.gov.au Here you will find fact = sheets,=20 templates and useful links to help you keep your business up to = date with=20 all of these important changes.

Back to = Top=85.

Lost = Super?

Have = you changed=20 jobs, had more than one job at the same time, changed address or = name, or=20 simply forgotten how many super fund accounts you have? There is hope yet!

There = are many=20 different ways of tracking down lost superannuation. SuperSeeker is one of = the websites=20 that allow you to track down what is rightfully yours. It is available online = or by phone=20 24 hours a day, 7 days per week and all you need to provide is = your tax=20 file number, date of birth and family and given=20 names.

Back to = Top=85.

Donations

Various = appeals=20 have been launched to help the people of Haiti=20 devastated by earthquake on 12 January, but how do you know that = the=20 organisation collecting the donations are legitimate?

Only = donations to=20 certain types of organisations are tax deductible. These organisations must = be a=20 Deductible Gift Recipient (DGR) on the Australian Business = Register. You can check if an = organisation=20 is a DGR by searching the ABN or organisation name at www.abn.business.gov.au. There is no tax = deduction for=20 donations to overseas charities which are not DGR=92s in = Australia.=

Back to = Top=85.

Australians=20 Working Overseas

Are = considering=20 working overseas? = There are=20 many things that you have to consider in regards to the tax=20 implications. You = will need=20 to take into account the tax laws of the country you will be = working in,=20 along with your residency status. =20

Australian=20 residents are taxed on their worldwide income. This page outlines = the tax=20 implications in Australia if you are = working or=20 thinking about working overseas. =20 If you are going to remain an Australian resident, you must = still=20 lodge an Australian Income Tax Return, reporting your world wide=20 income. In this = instance, you=20 may be eligible to claim a foreign income tax=20 offset.

If you = will no=20 longer be an Australian resident, but still earning an Australian = income,=20 you may still have to lodge an Australian Income Tax Return if you = have=20 not had non-resident withholding tax deducted from your.

Should = you decide=20 that you will no longer be an Australian resident and will not be = earning=20 income from any Australian source, you will not have to lodge an=20 Australian Income Tax Return and the tax laws of the country you = are=20 working in would apply.

Back to = Top=85.

Important=20 Upcoming Dates

Monday = 22=20 February 2010

January = 2010 Monthly=20 Activity Statement due for lodgment and = payment=20

Monday = 1 March=20 2010

Quarterly=20 Activity Statement for Quarter 2, 2009-10 due for lodgment and = payment=20
Last=20 date to vary quarterly installment amount for Quarter 2,=20 2009-10 =

Monday=20 22 March 2010

February=20 2010 Monthly Activity Statement due for lodgment and = payment =

Know=20 someone who may be interested in this newsletter? Forward this email to a=20 friend.

Questions=20 or comments?

E-mail us=20 at admin@allbusinesscpa.com.au or = call 07 4124=20 2220

To remove=20 your name from our mailing list, please click=20 here.

Disclaimer: = This = is not=20 advice. Clients = should not=20 act solely on the basis of material contained in this publication, = as it=20 does not take into account your own personal situation. Items herein are general = comments=20 only and so do not cone or convey comprehensive advice. Changes in legislation = occur=20 quickly, therefore we recommend that our formal advice be sought = before=20 acting in any of these areas. =20 This publication is issued as a helpful guide to clients = and for=20 their private information.