Tax time 2009!

Here is a list of what is around the web for our favourite time of the year:

Advanced Guide to capital gains tax concessions for small business 2008-09
This guide explains the capital gains tax (CGT) concessions available for small business

Changes to super for individuals
Provides an overview of changes made to super co-contributions, concessional contributions caps and income tests as a result of the 2009 Federal Budget

Individual PAYG payment summary schedule 2008-09
Information on the PAYG schedules for filling in tax returns

Reporting requirements - changes for the 2009/10 income year
These changes are for the reporting of payments made in the 2009-10 income year. They include:

• the reporting of reportable employer superannuation contributions
• the inclusion of the pension or annuity indicator box
• the inclusion of the lump sum payment A ‘type’ box
• the reporting of exempt foreign employment income
• the removal of the ‘other income’ label.

What is new in e-tax 2009?
Changes to pre-filling in 2009 include:

• an enhanced Alerts service. This year, in addition to notifying you when additional information is available, if you register to receive your alert by email, you will also be advised of the type of data
• private health insurance rebate details
• rental property address details from 2007-08 rental property schedules
• pay as you go (PAYG) income tax instalment amounts
• reminders of letters that we have sent to you throughout the year in relation to:
• your work related expenses, and
• the need to lodge a schedule of work related expenses (SWE).
• family tax benefit (FTB) claim status information has been removed because FTB claims are no longer administrated by the Tax Office.