Tax planning

Tax & Super Newsletter May 2012

May 2012

Tax & Super Newsletter May 2012

Factors to Consider when Structuring a Business

October 2011

There is no one best business structure. Every person's circumstances are different so what might be an appropriate structure for one person may not be an appropriate structure for another. Further, often more than one type of structure may suffice and so a choice needs to be made.The most important...

The Facts – Living Away From Home Allowance (LAFHA)

October 2010

[youtube QbVUDV9ZFtw] The massive benefits available to employees who are eligible for the Living Away From Home Allowance (LAFHA) continues unabated! We continue to provide ongoing advice to clients and potential clients in this area. This short article sets out a few interesting facts relating to...

Basic Guide for Completing My Tax Return

September 2010

If you operate a business as a sole trader or a partnership, you are required to lodge an individual tax return and pay your tax dues annually. So the question arises: What items must appear in my tax return?Completing your tax return generally requires the declaration of income and expenses you will...

Hiring a Small Business Accountant for Tax Purposes

September 2010

Starting a small business may be relatively simple but as your operations improve and incomes start to grow, getting your financial records in order for tax purposes can be a daunting task. Reporting assessable income, business expenses and other declarations is essential in lodging tax returns. You...

Basic Guide to Tax Returns Australia

August 2010

Depending on the business structure you operate, you may be required to lodge different tax returns. Australian tax laws lay down specific rules and guidelines for reporting and computing amounts subject to various taxes which every business person must be familiar with or risk the assessment of penalties. Income...

Tax Planning

August 2010

Tax planning is the process of organizing the affairs of a taxpayer so that, as far as legally or commercially possible, the liability of the taxpayer to income and other taxes is minimised. – (definition from the Australian Master Tax Guide)Some common strategies of reducing ones tax liability are:Reduce...

Why Tax Plan?

May 2009

Tax planning is the process of organizing the affairs of a taxpayer so that, as far as legally or commercially possible, the liability of the taxpayer to income and other taxes is minimised. – (definition from the Australian Master Tax Guide)Some common strategies of reducing ones tax liability are:Reduce...

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