Today, CCH launched the 2001 Australian Master Tax Guide, the 32nd edition of Australia's leading annual tax guide.
The Australian Master Tax Guide is the nation's biggest selling tax publication and the flagship of the CCH "Master" series of annual guides for accountants, lawyers and tax professionals.
Mr Anthony Brown, CCH Publisher, said the new edition was designed to help tax practitioners and taxpayers prepare their income tax returns for the 2000/01 income tax year. It provides information on the tax implications of decisions taxpayers may face over the coming year.
Among the tax changes covered in the Master Tax Guide are:
- commencement of the GST
- the PAYG regime
- a new income tax regime for life insurance companies
- a comprehensive personal services income regime
- uniform administrative penalty regime
- the proposed introduction of an entity taxation regime
- the proposed uniform capital allowances regime
- optional "simplified tax system" for small business taxpayers
- recommendations of the Ralph Review, covering those implemented and those outstanding.
"The 2001 Australian Master Tax Guide incorporates not only these major developments but many other significant changes which are a product of our new tax system," Mr Brown said.
"Most countries have some form of tax guide, but the nature and complexity of the Australian tax system makes this book invaluable for Australians in all walks of life.
"Despite such changes in domestic tax, CCH has produced a publication that explains the rules affecting business decisions and explores personal income tax questions using clear language and practical examples," Mr Brown said.