Thursday, October 1, 2009

Investor Warnings!!

If the investment you are considering sounds too good to be true it probably is! Below is a link to the Australian Taxation Office's ''Investor warnings'' page.

http://www.ato.gov.au/atp/content.asp?doc=/content/19458.htm

Simplified tax system essentials pathway page

For the 2007-08 and later income years the simplified tax system (STS) no longer operates and has been replaced by the small business entity provisions. For more information, visit www.ato.gov.au/SBconcessions

View previous years' pages

Below is a link to the Australian Taxation Office's ''Simplified tax system essentials'' pathway page.

http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/028

Division 7A - answers to frequently asked questions

The questions and answers set out are a guide only and are not a substitute for the law. All references to legislation are to the Income Tax Assessment Act 1936 (ITAA 1936) unless otherwise specified. Please find the following link to the Australian Taxation Office's ''Division 7A - answers to frequently asked questions'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/32059.htm

Home-based business

If you operate a small business (not a non-profit organisation) as a sole trader, partnership, company or trust at or from your home, you can use this guide to help you: claim home-based business expenses; understand how capital gains tax can apply to you; find out where to go for more information.

Below is a link to the Australian Taxation Office's ''Home-based business'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/43191.htm

Tax Rates, Calculators & Tools

Below is a link to the Australian Taxation Office's ''Rates, calculators and tools'' pathway page.

http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/019&mfp=001/003&mnu=601

Key lodgment dates for businesses

Below is a link to the Australian Taxation Office's ''Key lodgment dates for businesses'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/34949.htm

Doing business overseas - an overview

As Australian residents are taxed on their worldwide income, they must report all foreign income in their Australian income tax return.

This overview explains how income from foreign business activities is treated. If you are also earning foreign income from passive investments (such as securities and rental properties), interest or royalties, refer to Investing overseas - overview.

Below is a link to the Australian Taxation Office's ''Doing business overseas - overview'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/65957.htm