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Save Tax: Preparation. Preparation for a tax audit is all important. Tax auditors will insist on seeing adequate records of your entitlements to tax deductions and proof of any claims that money received was not taxable income.…
Tax Insight. Tax Accounting. Tax Returns. Activity Statements. Superannuation Tax & Regulation. Tax Planning. Business Structuring. Trust Structuring. Company Structuring. Tax Audit. Tax Dispute. International Tax. Profit Plans. Revenue Growth Plans.…
Tax effective structures for Australian investments in US-based businesses. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Tax effective structures for US investments in Australian-based businesses. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Save Tax: Selling assets tax free. If you have assets or investments in your self managed super fund and you move it into pension phase and then sell the assets, there is no CGT or other income tax on the sale of the assets! Keywords: Next Article.…
Save Tax: Incorporation. Are you running a profitable business and suffering high personal marginal tax rates? Incorporate your business and leave profits in the company taxed at the moderate company rate of 30%. Keywords: Next Article.…
Save Tax: Family Wages. Does your business employ family members? If so, ensure that their wage entitlements are paid up to date before the end of the financial year. The Tax Office does not look kindly on journal entries for unpaid wage entitlements.…
Save Tax: Borrowing Expenses. Legal costs, stamp duty, mortgage preparation and valuation fees, broker's charges, etc are deductible if business related and should be pro rated over the period of the loan, up to a maximum of five years.…
Save Tax: Apportioning interest claims. Interest on monies borrowed to purchase an asset mused for both business and private purposes must be apportioned on a reasonable basis, eg. kilometres driven, floor space, etc.…
Save Tax: Meals and refreshments. You can claim a deduction for the cost of tea, coffee and light lunches provided to employees on the work premises during working hours. These are exempt from FBT. Keywords: Next Article.…