Archive for the ‘Taxation’ Category

Free and helpful tax assistance – no strings attached
What is an assistance visit?
To help make it as easy as possible for you to comply with your tax and superannuation obligations, we provide a free and tailored assistance service within Australia. Visits are conducted by tax officers at your place of business or preferred location. At this meeting, we will work through and discuss specific tax information of interest to you. Some topics include:

registering for an Australian business number (ABN)
understanding and registering for the goods and services tax (GST)
understanding employer obligations (pay as you go withholding, superannuation guarantee, and fringe benefits tax)
understanding superannuation obligations
understanding activity statement and record keeping requirements and make use of electronic products such as e-record
understanding the range of other taxes and obligations that might apply to your business, and
Lodging activity statements online via the Business Portal (includes set up and registration).
If you are setting up a new small business, making changes to an existing small business (for example, taking on employees), or just need some small business tax help, our officers can help you to understand your specific tax obligations and what you need to do.

We can also help you set up and install useful programs, such as the Tax Office’s Business Portal which is a fast, convenient and secure way for you to lodge and view activity statements, request refunds and communicate with us on specific topics.

No strings attached
All assistance visits are covered by the Commissioner’s guarantee. This means that they are educational in nature and the information you share with our officers is confidential and will not be used for any other purpose.

Time required, when and where
Assistance visits can range from half an hour to half a day in length, depending on the information you would like our officers to discuss with you. Visits are offered between 8am and 6pm weekdays, delivered at your place of business or preferred location and are available in all capital cities and most regional areas within Australia.

Assistance in languages other than English
The Tax Office is committed to providing helpful and timely assistance for non-English speaking businesses. If required, a translator will accompany one of our officers to provide you with information in your language.

How to arrange an assistance visit
Small businesses needing help are encouraged to take advantage of this voluntary service. You can register for an assistance visit online at any time, or phone 13 28 66 between 8am and 6pm weekdays and we will arrange for one of our officers to contact you to make an appointment.


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If you’re eligible for the Education Tax Refund you could get 50% back on a range of primary and secondary school education expenses.

This site will help you determine if you are eligible, what you can claim, how much you can claim and how you can claim it.

Remember to keep your receipts. They will help you calculate your refund and you may be required to show them as proof of purchase. You can claim for items purchased from 1 July 2008.


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People who do not provide their tax file number to their superannuation fund before July 1 will be penalised with a 46 per cent tax rate on any money which their employer contributes to the fund. 

 Superannuation contributions are normally taxed at 15 per cent and the extra 31.5 per cent penalty is designed to encourage people to provide the tax file number, making it easier to consolidate superannuation funds in the future. 

 The tax file number may also be necessary if you want to make extra top up payments or spousal contributions, depending on the type of fund.

  Basil Palassis, chartered accountant and senior financial planner at Fusion Planning Group, said it was important for the public to understand risks and penalties associated with their superannuation funds, because there were big financial  the ramifications. 

News from www.thewest.com.au

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