Tax & Business
ABN – Australian Business Number – for registering an ABN for contractors/businesses.
Avoiding Tax & Consequences & Penalties
Basics for Business – Seminar
BAS, Business Activity Statements
Business Industry types/overview
Capital Gains Tax – Often arises when you sell Selling assets such as real estate, shares or managed fund investments and make a capital gain.
Company dividends, franking credits, imputation system, Trans Tasman
Div7A, Division7A, Loans to directors, directors relatives and Unpaid present entitlements (UPE’s).
Employees & Employers – covers Employer overview; checklist for Contractor or employee?; Pay as you go (PAYG) withholding; Pre-filling; Workforce education news; Superannuation; Employment termination payments; Redundancy payments; Fringe benefits tax; Employee allowances; Labour hire firms; Non-profit organizations; For your employees; Workplace giving; Record keeping
Expansion & other changes in your business
Fringe Benefits Tax - is a tax benefit provided by employers to employees.
GST - Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia
Loans to directors, directors relatives, Div7A, Division7A,
Overseas International Business
Pays as you go withholding PAYG
Payroll Tax – ( A state based tax therefore not issued by the ATO) – it is a tax payable by employers with payroll exceeding the payroll threshold currently set at $62,500 per month for the year ended 30.06.11 , for future years follow the link.
Resident – for tax purposes when leaving Australia
Superannuation – Employer Obligations & Salary Sacrifice where you agree to forego part of your future salary or wages in return for your employer providing benefits of a similar value.
Tax – taxes other than those imposed Federally by the Tax Office (ATO) include Payrol, Land Tax, Duties (Stamp Duty).
Taxable Payment Reporting – new system for construction industry from 1.7.12
Travel Costs – allowable if incurred in respect to producing assessable income, be aware of private use and the substantiation requirements!
Trusts & ATO say on Trusts – Trust Law and Tax Law concepts of income are not the same, the ATO has announced a reform of legislation to address this differences, in particular distributions from trusts & specific entitlement to, to read more on these differences <click here>.