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September

 Tip-Bits

July 2010                                                                                                              Volume 1, Number 1

   
In This Issue

·    GST Rate

·    Income Tax Changes

·    GST Transition

·    Child Support

.    Dreams

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 GST Rate

 Income Tax Changes

 GST Transition

 Child Support

 Dreams


GST Rate

The GST rate change has given rise to a stream of new rules, the main one being that this Sept GST return is the last one we can apply the 12.5% rate to.  The transitional rules are not simple and a quick glance at the calculations required shows this.  Further transitional changes were even announced 2 weeks ago.

Most software providers are issuing webinars to explain things required on their software.  We wold prefer to help clients individually and we would like to help all clients that are GST registered at least checking this GST return for them.

If we are already doing your GST return we will be sending you an additional newsletter for the extra information we need.

If we are not already doing your GST work but you do want help for this return please email us below and ask for what you would like help with:
a) To review your GST workpaper for this return
b) Do the whole return
c) Do the transitional adjustment part
d) Answer some questions

We do encourage all clients to take advantage of this service for this September GST return; it is not simple.
Click here to send an email now.

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Income Tax Changes

All taxpayers on wages and salary will recieve extra in their pay from 1 October due to tax rates changing downwards - to partly compensate for the GST increase.

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GST Transition

There will be a new form that has to be completed (GST 105) which will help you prepare for this return, you can see it online now.  Click here for the form.

Click here to go to the website for more information.

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Child Support

The govt are reviewing child support and asking for feedback - if you would like to have a say about this important topic please Click here and complete a questionnaire - allow 10-20 mins for this process.

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Dreams
- By Michelle Thompson

"I have a dream that my 4 little children will one day live in a nation where they will not be judged by the colour of their skin, but by the content of their character"
                            Martin Luther King


If your hopes or dreams could talk to you what would they say?

Would they say...

"If you really wanted me, you would have made time for me.  However, you have let procrastination and indecision rob me.  You left me, you did not nurture me.  I wold call out to you and you kept saying you were tired, or later, or you were too busy, or you were not financially secure enough.  You had all the excuses under the sun.  You are the sole reason that you did not ever see me in your life."

Let's review the results so far of your goal setting earlier this year.

1) What are you trying to make happen?
2) How are you measuring your success?
3) What is the next thing you need to do towards your goals today?

Write some steps and do them.


"Gather the rosebuds while you may - old time is still a-flying, and this same flower that smiles today, tomorrow will be dying."  - old saying dating back to 1600's!

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