Date issued: 31 May 2007

CPA Australia is pleased to provide a series of articles about 2007 end-of-financial-year tax issues for editorial use by media. The media releases are available from the Media Centre section of the website. They have been prepared with the assistance of tax, superannuation and small business experts at CPA Australia.  

The articles included in this kit are:

Individuals

• Handy hints from CPA Australia to help prepare your 2007 tax return 
• Accountants do more than prepare tax returns
• Child care benefits have increased; make sure you get your full entitlement 
• Be cautious of dodgy tax shelters
• Change is ahead for managed investment schemes
• ATO cracks down on cash economy

Business

• Consider deferring sale of business to save capital gains tax
• Switching to the simplified tax system offers unique opportunity to save

Property

• Rental properties under ATO microscope as rental losses soar

Superannuation

• Don’t panic, contribute to super long term
• Self-employed people should consider super options
• Now is the time to consolidate your super

Cartoons

From the CPA Australia website, you can access four tax-related black-and-white cartoons, which have been created by leading Australian media cartoonist, Richard Collins to accompany the articles.

Please use any or all of the articles and cartoons. However, we request that CPA Australia and the cartoonist are acknowledged.

• cartoon 1: Make sure you get your full entitlements  
• cartoon 2: Now is the time to consolidate your super  
• cartoon 3: ATO cracks down on cash economy 
• cartoon 4: Handy hints to prepare your 2007 tax return 

Photo

You can also download a photo of CPA Australia senior tax counsel, Garry Addison, quoted in the media releases, from the Media Centre section of the website.

Media enquiries