by Marketing | Sep 19, 2017 | Business Structures, Company Setup, Partnership, Shelf Company, Sole Trader, Tradies, Trust Setup
A partnership business structure is a little more complex than sole trader. With this structure, two or more people start a business and can legally share profits, risks and losses in accordance with the terms and conditions of a partnership agreement, or, where no...
by Marketing | Sep 19, 2017 | Business Structures
Business Start-up Options – Companies, Company Formations, Company Registrations, A company is a legal entity owned by it’s members, but separate from its shareholders, and is managed by it’s office holders (director(s), secretary, public officer)...
by Marketing | Jul 6, 2017 | Uncategorized
These rates apply to individuals who are Australian residents for tax purposes. Tax rates 2016–17 The following rates for 2016–17 apply from 1 July 2016. Taxable income Tax on this income 0 – $18,200 Nil $18,201 – $37,000 19c for each $1 over $18,200 $37,001 – $87,000...
by Marketing | Sep 19, 2014 | Income Tax - Individuals
What is the Tax Receipt? In the 2014–15 Budget, the government announced that from 1 July 2014 the Australian Taxation Office (ATO) will issue a tax receipt to eligible individual taxpayers as part of their annual income tax return process. This receipt will provide...
by Marketing | Sep 19, 2014 | BAS Bookkeeping, Bookkeeping Services, Business Startup, Business Structures, GST
Bookkeeping problems? Tired of mounting paperwork and finding it stressful to balance your books? Take the hassle free approach and get it done for just $49.99 per hour by our professional team. We tailor our bookkeeping services to meet your needs. We will do the...
by Marketing | Sep 19, 2014 | Business Structures, Company Setup, Shelf Company, Tax Saving Strategy, Trust Setup
Register A Company or Trust Maynard Accounting have setup, helped register & maintain tax obligations of thousands of companies and trusts in Logan and Brisbane Starting a business and choosing the right structure can be hard, but it doesn’t have to be if you have...
by Marketing | Apr 12, 2014 | ETP, Lump Sum Payments, Superannuation Payments
This table summarises the tax treatment of Eligible Termination Payments (ETP’s). See this update on new rules on the taxation treatment of ETP’s relating to income Caps. Income component derived by your employee in the income year Age of person at the end...
by Marketing | Mar 30, 2014 | Benchmarking, Income Tax - Business, Tradies
See this post for details of the ATO’s 2014 hit list – Tradies 2014 Tax Returns Targeted. Small business benchmarks are financial ratios developed by the ATO from information provided to by businesses on their tax returns and activity statements. The...
by Marketing | Mar 22, 2014 | Benchmarking, Income Tax - Business, Income Tax - Individuals, Motor vehicle expenses, Tradies, Travel expenses
Tradies’ and sales & marketing managers are on the ATO’s 2013-14 hit list. Of major concern to the ATO in 2014 is un-declared income and “incorrectly claimed” work expenses. Un-declared income The ATO continues to build a strong data...
by Marketing | Mar 13, 2014 | Employment, Income Tax - Individuals, Redundancy Payments
NOTE – These rules do not apply to Genuine Redundancy Payments. On 1 July 2012, the concessional tax treatment for ETPs changed. From that date there is an additional $180,000 non-indexed whole-of-income cap. This cap will apply with the existing ETP cap rules on some...
