Businesses can claim an additional tax deduction when they buy certain assets, and when they spend money to improve existing assets, for a limited time. It’s called the Small Business and General Business Tax Break – ‘business tax break’ for short. The Australian Government announced the tax break as an ‘investment allowance’ in December 2008 [...]
Archive for the ‘Taxation’ Category
Small business and general business tax break ends 31st December 2009
Posted in Taxation, tagged 31 December 2009., 50% tax deduction, additional tax deduction, announced, assets, ‘business tax break’, ‘investment allowance’, break, budget, businesses, challenges, claim, economic downturn., eligible, eligible assets, extended, general business, government, May, money, Small Business, spend, tax, Tax Break, The Australian Government on December 20, 2009 | Leave a Comment »
Australian Tax Returns: It’s That Time Again!
Posted in Taxation, tagged 410, Accounting and Tax, Alan Collett, assessable, Australia, Australian, Australian citizens, Australian tax, Australian tax year, Australian taxpayers, capital gains, Go Matilda, Go Matilda Accounting, income and capital gains, income., Jane Cooper, migrant tax, permanent residents, provisional business skills subclasses 160 to 165, resident in Australia, residing, source, subclass 457, tax, taxable, taxed, temporary visaholders, visa status, worldwide on August 14, 2009 | Leave a Comment »
The Australian tax year ended on 30th June, 2009. With its knowledge of migrant tax matters and the impact of visa status on how income and capital gains are taxed Go Matilda Accounting and Tax is here to help. It is particularly important for temporary visaholders (eg subclass 457, 410, provisional business skills subclasses 160 [...]
2009 Tax time is here
Posted in Taxation, tagged 1 July, 11.8 million, 14 days., 2009., 31 October 2009, alert service, allowances, assistance, Australia’s, Australian, available, bank interest, calculators, charge, data, deadline., details, directly, download, E-tax, experience, fee, financial, free, from 1 July, government, help, including, individuals., information., institution, links, lodge, lodge a tax return., lodge their return, Michael D’Ascenzo, Mr D’Ascenzo, newsagents, online, payment, payments, pensions, people, prepare, private health insurance, processes, progressively, property sales, qualifications, range, registered tax agents, regulated, reminded, return, rulings, screens, secure, short tax return, software, State, stock exchange, subscribe, summaries, tax affairs, tax agent, Tax Agents’ Board, Tax Commissioner, tax file number, Tax Office, Tax Office shopfronts, Tax Office website, tax return., tax returns, TaxPack 2009, taxpayers', the Tax Office, third parties, third party, today, using e-tax, website, within, within e-tax, www.tabd.gov.au on June 30, 2009 | Leave a Comment »
The Tax Office today reminded Australia’s 11.8 million taxpayers to start getting ready to lodge their tax returns. Tax Commissioner Michael D’Ascenzo said the Tax Office has a range of information and assistance available to help people meet the 31 October 2009 deadline. “From 1 July, people can prepare and lodge their return online using e-tax, [...]
Warning: tax refund email scam
Posted in Taxation, tagged 2-5 business, 2-5 business days, ALL news, annual, AUD 452., bogus Tax Office, calculation, card, circulated, claims, click, click on a link, credit, credit card, credit card details, credit card information, credit card provider., delete it immediately., determined, difficult to trace, directs, effectively, eligible to receive, email, entered, fiscal activity, fraudulent, fraudulent email, heading and text., immediately, jurisdictions, last annual calculation, link, Michael D’Ascenzo, more information, multiple, multiple jurisdictions, offer a refund, online, order, people, personal details., process, provide personal information, provider, receives the email, refund, report, sends emails, shut them down., subject, submit, tax, Tax Commissioner, Tax Office, Tax Office logo, tax refund, Tax refund online!, Taxation, unsolicited emails, variations, warning, warning people, wary, website, websites, www.ato.gov.au on June 12, 2009 | Leave a Comment »
The Tax Office is warning people to be wary of a fraudulent email being circulated that claims to offer a refund from the Tax Office. The email uses the Tax Office logo and the words ‘Tax refund online!’ in the subject heading and the following text: Tax refund online!After the last annual calculation of your [...]
Education Tax Refund
Posted in Taxation, tagged (ETR), (FTB) Part A., 2008., 2009., 50%, calculate, carers, children, children in primary, claim the refund, computers, cost, educating, education, Education tax refund, educational, eligible, entitle, entitlement, expenses, financial, financial year, government, help, includes, independent, independent student, information., initiative, items, keep, legal guardians, lodge, new, new government, parents, payments, prevent, primary, produce, proof of purchase., purchase, purchased from 1 july 2008, receipts, receive Family Tax Benefit, receive the refund, receiving FTB Part A, refund, required, school, secondary, secondary school, software, stationery., Students, tax, tax return., tax year, Taxation, textbooks on June 5, 2009 | Leave a Comment »
The Education Tax Refund (ETR) is a new government initiative to help with the cost of educating primary and secondary school children. It means eligible parents, carers, legal guardians and independent students could get 50% back on some education expenses. This includes items like computers, educational software, textbooks and stationery. Most people are eligible for [...]
Sales Tax & Refunds
Posted in Taxation, Uncategorized, tagged $A300, 30 day period, 30 days, accommodation, air and sea travel, Australian holiday, day tours, ground transport, GST free, guides, holiday, international airports and cruise-liner terminals, local taxes, non-residents, out of Australia, refund, Sales Tax & Refunds, store's tax invoice, tax applies to pre-booked, ticket, Tourist Refund Scheme, travellers, Uncategorized, Wine Equalisation Tax on May 10, 2009 | Leave a Comment »
Sales Tax & Refunds Australia has a Sales Tax & Refunds. Prices in Australia are shown as Sales Tax & Refunds International and domestic flights purchased overseas, by non-residents, are GST free. Continuous domestic legs of international journeys are also Sales Tax & Refunds. GST is payable on tourism services such as accommodation, day tours, guides, [...]