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For the 2007-08 and later income years the simplified tax system (STS) no longer operates and has been replaced by the small business entity provisions.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

Online version of the Tax Withheld Calculator

The current version of the Tax withheld calculator is Version 4.10 – effective from 1 July 2009.

Below is a link to the Australian Taxation Office's ''Online version of the Tax withheld calculator'' page.

http://www.ato.gov.au/individuals/content.asp?doc=/Content/33277.htm

More Record keeping Essentials for Businesses

Start with the 'Basics' to find out which issues affect your business or follow the links to specific topics. Below is a link to the Australian Taxation Office's ''Record keeping essentials'' pathway page.

http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/003&mfp=001/003&mnu=43662

Building and Construction Essentials

Information for companies, contractors and sub-contractors in the building and construction industry and commercial trade service sectors.

Below is a link to the Australian Taxation Office's ''Building and construction essentials'' pathway page.

http://www.ato.gov.au/Businesses/pathway.asp?pc=001/003/014

Are You in the Charter Boat Industry?

This information provides detail on the ATO position relevant to boat owners who enter into arrangements to provide a boat to a charter operator, or another party, for the charter operator to hire, lease or charter to others.

Below is a link to the Australian Taxation Office's ''Charter boat industry'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/35337.htm

How to Report Tax Evasion...

We are committed to targeting tax evasion and you can help us to make sure everyone pays their fair share of tax. If you have information about fraudulent or possible criminal activity, phone us on 1800 060 062 (between 8.00am and 6.00pm weekdays), or make an online report now. Your information could help make the system fairer for everybody.

Below is a link to the Australian Taxation Office's ''How to report tax evasion'' pathway page.

http://www.ato.gov.au/businesses/pathway.asp?pc=001/001/008

Imputation Essentials

Dividend imputation has been a major feature of the Australian taxation system since 1987. Entities that are taxed separately from their members are called corporate tax entities, and they are taxed at the company tax rate, which is currently 30%.

Below is a link to the Australian Taxation Office's ''Imputation essentials'' pathway page.

http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/066&mfp=001/003&mnu=10007

Do You Have Difficulty in Paying Your Tax Debt (att: business clients)

If you cannot pay your tax debt on time, please contact us immediately on 13 11 42 to discuss your circumstances.

When you speak to us about payment of your outstanding tax debt or remission of general interest charge (GIC), we are committed to: understanding your situation and individual circumstances; being fair and equitable in the application of the law, processes and policy; considering your case on its merits and assisting you to move on, and assisting you where possible if you are attempting to engage with the Tax Office and do the right thing.

Below is a link to the Australian Taxation Office's ''Difficulty in paying your tax debt (business clients)'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/23130.htm

Changes in Your Business Essentials

Just a reminder, changing business circumstances may affect your tax and other regulatory obligations. You must ensure you keep updated!

Below is a link to the Australian Taxation Office's ''Changes in your business essentials'' pathway page.

http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/008

Employer Essentials!

This page provides useful links that will assist employers to meet their Commonwealth tax and superannuation obligations.

Below is a link to the Australian Taxation Office's ''Employer essentials'' pathway page.

http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/079

FAQs: Activity Statements

Below is a link to the Australian Taxation Office's ''FAQs: activity statements'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/17420.htm

Tax Basics for Non-Profit Organisations

Below is a link to the Australian Taxation Office's ''Tax basics for non-profit organisations'' page.

http://www.ato.gov.au/nonprofit/content.asp?doc=/content/33609.htm

Tax basics for Small Business

Below is a link to the Australian Taxation Office's ''Tax basics for small business'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/25193.htm

 

This publication, Tax Basics for Small Business (NAT 1908), is also available as a PDF. To download immediately, click on the following link:

http://www.ato.gov.au/download.asp?file=/content/downloads/BUS25193n1908_06_09.pdf

Tax Basics - Introductory Sessions for Small Business

Below is a link to the Australian Taxation Office's ''Introductory sessions for small business'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/6750.htm

Checklist for people starting a new business

Below is a link to the Australian Taxation Office's ''Checklist for people starting a new business'' page.

http://www.ato.gov.au/businesses/content.asp?doc=/content/69534.htm