|
|
|
From the ATO
|
|
Links and Technical Updates May 1, 2007
Understanding and using small business benchmarks Information about small business benchmarks, what they are, how they can help your business and how we use them to identify businesses that may be avoiding their tax obligations. Published: 16 Oct 2009
Changes to super co-contributions The super co-contribution matching rates for eligible personal super contributions have been temporarily reduced as part of the 2009 Federal Budget. Published: 14 Oct 2009
Introduction to capital gains tax Capital gains tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. Selling assets such as real estate, shares or managed fund investments is the most common way you make a capital gain (or capital loss). Published: 06 Oct 2009
Activity statement update - Quarter 1 2009-10 Activity statement update helps you prepare your activity statements:letting you know of legislative changes, advertising new products and services, informing you of new issues, and alerting you to common errors and problems. Published: 01 Sep 2009
Record keeping and related requirements for breweries Guidelines for breweries with details on their excise requirements in relation to beer. Published: 31 Aug 2009
Guide for employees and self employed - Reportable super contributions Information about reportable super contributions and how they apply to the income tests for some tax offsets, the Medicare levy surcharge, and other government benefits and obligations. Published: 28 Aug 2009
Consumer Price Index (CPI) rates Consumer Price Index (CPI) rates updated to include June 2009 quarter figure. Published: 05 Aug 2009
GST and the margin scheme The GST and the margin scheme guide outlines how you can use the margin scheme, how to apply it, the calculation methods, GST payable, eligibility, valuations, written agreements and record keeping and how to access more informaton. Published: 05 Aug 2009
PAYG instalment 20% reduction for small business Information on the reduction of the 20% quarterly pay as you go instalment (PAYGI) due on 28 February 2009. Published: 21 Jul 2009
How we work out the GDP adjustment in your GST instalment amount Explains the GDP adjustment we use to work out GST instalment amounts.Also explains the new measure introduced for 2009-10. Published: 15 Jul 2009
How we work out the GDP adjustment in your PAYG instalment amount Explains the GDP adjustment we use to work out PAYG instalment amounts.Also explains the new measure introduced for 2009-10. Published: 15 Jul 2009
Employer Essentials Provides a link to Commonwealth tax and superannuation information for employers. Published: 04 Jun 2009
Guide to small business and general business tax break This guide provides more detailed information, including examples relating to eligibility, on the small business and general business tax break. http://www.ato.gov.au/distributor.asp?doc=/content/Content/00193790.htmPublished: 25 May 2009
Fringe benefits tax - exempt car benefits Explanation of when the use of certain motor vehicles is exempt from fringe benefits tax (FBT), and a list of vehicles that qualify for the exemption and those that do not. Published: 05 May 2009
Time limits on GST refunds This fact sheet clarifies the amendments to section 105-55 of Schedule 1 to the Taxation Administration Act 1953 (TAA) on 1 July 2008 will have on refunds of indirect taxes and in particular, entitlements to refunds under the four year rule. Published: 05 May 2009
Destroyed documents and reasonable estimates of income This is the standard letter that will be used by tax agents and taxpayers who have had their tax records lost or destroyed as a result of a natural disaster. This is to be used instead of a statutory declaration (NAT 72981). http://www.ato.gov.au/distributor.asp?doc=/content/Content/00190024.htm
Published: 29 Apr 2009
Guide to activity statements Activity statement overview on the activity statement essentials page. Published: 21 Apr 2009
Bookkeeper Advisory Group draft minutes - 6 March 2009 Minutes of the draft Bookkeeper Advisory Group meeting of 6 March 2009. Published: 23 Apr 2009
PAYG witholding variation application 2010 This application form should be used when the payee (the person who receives a payment) wants to reduce their pay as you go (PAYG) withholding rate for the year ending 30 June 2010. Published: 23 Apr 2009
Completing your 2009 fringe benefits tax return Step-by-step instructions including examples from a completed return to help you complete each item in the Fringe benefits tax (FBT) return 2009. Published: 01 Apr 2009
GST for small business This guide provides an overview of GST and explains what you need to do to meet your GST obligations (NAT 3014). Published: 02 Feb 2009
Detailed food list An alphabetical list of the major food and beverage product lines. Use this list to locate your food item and determine whether it is GST-free or taxable. Published: 15 Jan 2009
Frequently asked questions - for taxpayers Information for taxpayers on the staged implementation of release 3 of the Tax Office's change program. Published: 08 Jan 2009
Tax Agent Services Bill 2008 The Tax Agent Services Bill 2008 is designed to give effect to reforms to the registration and regulation of tax practitioners, including bookkeepers who provide a business activity statement (BAS) service for a fee. Published: 28 Nov 2008
PAYG payment summaries and guidelines List of available PAYG payment summaries and guidelines for employers. Published: 29 Oct 2008
A new Superannuation Guarantee Charge statement and calculator tool is now available on the ATO website. It helps you calculate your charge liability and prepare the statements employers need to lodge with the Tax Office if they incur the charge.
Free tax support Provides information about Tax Office free tax support by phone, on-site visits, local seminars and workshops. Published: 27 Oct 2008
Fuel tax credits and GST instalments This fact sheet provides information on how to claim your fuel tax creidts if you pay GST by instalments. Published: 14 Oct 2008
Fuel tax credit - How to complete your business activity statement This guide will help you complete the fuel tax credit labels on your business activity statement. It also provides information about making mistakes or adjustments, lodging and paying, and a checklist. NAT 15531 Published: 02 Oct 2008
Non-Profit News Service No. 0216 - GST tips for non-profit organisations Sep 2008. The Tax Office has released a new guide to provide non-profit organisations, charities and gift-deductible entities with information to help them meet their GST obligations. Published: 09 Sep 2008
Employment termination payments - when an employee leaves guide This guide (PDF, 364KB) explains what you need to do when an employee leaves and you are making an employment termination payment (ETP). It will help you make and report the ETP, and calculate the tax amount to be withheld from the payment. Published: 19 Jun 2008
Superannuation guarantee charge statement and calculator tool Use this tool if you are late in paying your employees' superannuation contributions to a superannuation fund. It will enable you to calculate your SGC liability and prepare the SGC statement to be lodged with the Tax Office. Published: 10 Jul 2008
Income tax and deductions for small business How to calculate assessable income and allowable deductions, and lodge an annual income tax return. (NAT 10710) Published: 10 Jul 2008
Key lodgment dates for businesses Important dates for self preparing businesses, including dates for income tax returns, activity statements and other statements and returns. Published: 08 Jul 2008
Reportable fringe benefits - facts for employees This publication provides information to employees about reportable fringe benefits amounts included on their payment summary and the consequences of having this amount shown (NAT 2836) Published: 04 Jul 2008
Guide to capital gains tax 2007-08 This guide explains capital gains tax for individuals who have sold their main residence, for individuals with complex capital gains tax obligations and for companies, trusts and funds. NAT 4151-6.2008. Published: 01 Jul 2008
Personal investors guide to capital gains tax 2007-08 If you sold shares or units in a unit trust, or received a distribution of a capital gain from a managed fund, this guide explains your tax obligations. NAT 4152-6.2008. Published: 01 Jul 2008
Key events for Australian shareholders 2008 A summary of the capital gains tax implications of certain actions by Australian companies in 2007-08. Published: 03 Jul 2008
Deductions for employer super contributions Information about the super contributions you can claim as a tax deduction. Published: 03 Jul 2008
Fuel tax credit calculation worksheet If you are registered for GST this printable worksheet can help calculate your fuel tax credit for your business activity statement or early payment claim form. It also provides information about calculation methods, eligible fuels and fuel tax credit rates. NAT 15634 Published: 03 Jul 2008
Free electronic calendar for small businesses A new electronic calendar from the Tax Office is now available to help small businesses better manage their tax lodgment and payment deadlines throughout the year. Published: 02 Jul 2008
TaxPack 2008 TaxPack 2008 is designed to help you complete your 2008 tax return for individuals. This guide includes information about the TaxPack, TaxPack supplement and TaxPack for retirees. NAT 0976-06.2008. Published: 02 Jul 2008
Entrepreneurs' tax offset You may be eligible for a tax offset up to 25% on your business income if you meet the conditions for the entrepreneurs' tax offset (ETO). This information applies from 1 July 2007. Published: 26 Jun 2008
Tax-free and employment termination payment amount for genuine redundancy or early retirement scheme payments Use this worksheet (PDF, 84KB) to help you calculate the tax-free and employment termination payment amount for genuine redundancy or early retirement scheme payments. Do not use this worksheet for invalidity or death benefit payments. Published: 24 Jun 2008
Employment termination payment on the death of an employee Use this worksheet (PDF, 92KB) if you are making an eligible termination payment on the death of an employee. Do not include payments made to a trustee of a deceased estate. No amount is required to be withheld from a death benefit ETP paid to a trustee of a deceased estate. Published: 24 Jun 2008
Employment termination payments worksheet Use this worksheet (PDF, 96 KB) if you are making an employment termination payments. Do not use this worksheet for payments relating to invalidity, a death benefit, a genuine redundancy or early retirement. Published: 24 Jun 2008
Guide to technical assistance The guide to technical assistance is designed to assist tax practitioners to research technical issues using Tax Office advice and guidance products and outlines the levels of protection with each of our products. Published: 23 Jun 2008
Your small business tax calendar An easy-to-use computer tool that will help you plan and manage your tax obligations by automatically building a 12-month schedule of what and when your business needs to lodge and pay using Outlook. Published: 23 Jun 2008
Activity statement update - Quarter 4 2007-08 The Activity statement update provides essential tax information to help small businesses prepare and lodge activity statements. Published: 02 Jun 2008
Fringe benefits tax (FBT) rates and thresholds Fringe benefits tax rates and thresholds for the 2007-08 and 2008-09 FBT years. Published: 28 May 2008
Business industry codes booklet 2008 For use by individuals, partnerships, trusts and companies to assist with the completion of 2008 tax returns. NAT 1827-6.2008 Published: 26 May 2008
Essential references for bookkeepers This document contains links and instructions to help you find information on topics you may need to know about as a bookkeeper. Published: 23 May 2008
Statement of account for FBT Images and explanations of the Tax Office's statement of account format for fringe benefits tax (FBT), which applies from May 2008. Published: 19 May 2008
ATO Changes to Superannuations - Using ordinary time earnings to calculate the super guarantee
ATO products and services for bookkeepers providing BAS services for a fee This brochure introduces the ATO products and services for BAS service providers and describes how to access them. http://www.ato.gov.au/distributor.asp?doc=/content/content/00131832.htm Published: 09 Apr 2008
Completing your 2008 fringe benefit tax return Instructions for completing the 2008 fringe benefits tax (FBT) return form. http://www.ato.gov.au/distributor.asp?doc=/content/content/2935.htm Published: 02 Apr 2008
Notice of non-lodgment of fringe benefits tax (FBT) return Use this form to notify the Tax Office if lodgment of FBT return for relevant year is not required (NAT 3094) http://www.ato.gov.au/distributor.asp?doc=/content/content/21064.htm Published: 02 Apr 2008
Fringe benefits tax (FBT) return 2008 Fringe benefits tax (FBT) return. http://www.ato.gov.au/distributor.asp?doc=/content/content/4711.htm Published: 01 Apr 2008
Make the most of your super Taking advantage of a few superannuation concessions and resources now could mean the difference between a modest retirement saving, and a generous one. http://www.ato.gov.au/distributor.asp?doc=/content/content/00130624.htm Published: 28 Mar 2008
State of the industry research 2007 - bookkeepers employed in general business This is a summary of research undertaken by the Tax Office to provide an understanding of the accounting industry, in particular, bookkeepers employed in general business.http://www.ato.gov.au/distributor.asp?doc=/content/content/00126348.htm Published: 26 Mar 2008
Closing/Selling your business - Checklist for when you close/sell your business Checklist of administrative requirements for when taxpayers close/sell their business. http://www.ato.gov.au/distributor.asp?doc=/content/content/00125583.htm Published: 04 Mar 2008
Activity statement update - Quarter 3 2007-08 The Activity statement update provides essential tax information to help small businesses prepare and lodge activity statements. http://www.ato.gov.au/distributor.asp?doc=/content/content/00125165.htm Published: 04 Mar 2008
The BAS service provider 2007/11 The BAS service provider 2007/11 Issued - 5 February 2008. This newsletter gives BAS service providers relevant website updates, news and direct links. This edition includes information about assistance visits for clients, tax assistance for clients affected by floods and key dates for BSPs and their clients. Published: 18 Feb 2008
Replacing the simplified tax system 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. Published: 14 Feb 2008
Superannuation seminars March 2008 Provides details on the March superannuation seminar program. This program includes new topics. Published: 13 Feb 2008
Tax tips for students The Tax Office has some useful tips to help university students understand their tax obligations. Published: 11 Feb 2008
Fringe benefits tax (FBT) rates and thresholds This fact sheet contains the FBT rates and thresholds for the 2007 FBT year. Published: 07 Feb 2008
Delivering for the community: making tax and superannuation easier, cheaper and more personalised Speech by Michael D Ascenzo, Commissioner of Taxation, to the Australian Tax Teachers Association Conference 2008, 24 January 2008. Published: 24 Jan 2008
The following item has been released by The Hon Wayne Swan MP, Treasurer: Press Release:First Steps Taken To Deliver Standard Business Reporting Programme |
| © The Institute of Certified Bookkeepers |
HQ: Level 27, 525 Collins Street, Melbourne, Victoria, 3000
T: 1300 85 61 81 E: info@icb.org.au |
| | |