ABN – Australian Business Number – for registering an ABN for contractors/businesses.
Basics for Business – Seminar
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
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
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
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>.