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Archive for the ‘Small Businesses’ Category

ATO BAS due dates 2011. Key lodgment dates 2010-2011

Saturday, December 18th, 2010

bas-photos-loganbookkeeping

BAS example

 

BAS due dates 2011

 

The table below provides legislative due dates for lodgment business activity statements (BAS)  on quarterly basis.

 

Please be aware that actual due dates can vary due (more…)

ATO Tax Rates 2010/2011 Tax Tables Thresholds

Friday, September 17th, 2010

Income tax rates/tax tables for Residents 2010/2011 Financial Year.

The tax rates and thresholds in the table below are for individuals who are Australian residents for tax purposes for the whole financial year.

2010-2011

Taxable income

Rate

Tax Payable

($)

(%)

 

0 - 6,000

0

Nil

6,001 - 37,000

15

15% of excess over $6000

37,001 - 80,000

30

$4650 plus 30% of excess over $37000

80,001 - 180,000

37

$17550 plus 37% of excess over $80000

180,001+

45

$54550 plus 45% of excess over $180000

 

 

 

 

 

 

 

 

Material provided can be used for information purposes only, but not as a tax advice. For the tax advice and further details please contact your tax advisor.

Low bookkeeping fees. Do you reduce your business costs?

Friday, December 18th, 2009

gold-coast-myob-bookkeeping-robina-labrador-parkwood-bookkeepers-gold-coast-quickbooks1It is common in a family for a partner to start their own small business and as that business grows in order to save time and money on bookkeeping fees they delegate the bookkeeping work to their relatives or friends, who usually do not possess the basic bookkeeping skills. The initial costs of such bookkeeping work are very low, as relatives are often willing to do it for free of charge or for little in return charging very low bookkeeping fees.  However, whether (more…)

Investment allowance eligibility. Small Business Tax Break.

Wednesday, September 9th, 2009

 

 

Investment allowance, such as a tax break, is a tax deduction on the cost of eligible assets.

 

To be able to take advantage of the investment allowance and claim additional deductions for new business investments one must comply with several criteria, that  must be satisfied depending whether it is a small business (SME) or general business  (more…)

BAS statement dates. Quarterly BAS due dates 2010 ATO

Friday, July 3rd, 2009

 

BAS Statement

BAS Statement example

 

  BAS Due Dates 2009 - 2010

In order to avoid late lodgement penalty from ATO it is important to know due dates for quarterly business activity statements.

Please note actual due dates for lodgement and payment can vary due to (more…)