Feeds:
Posts
Comments

Posts Tagged ‘seminars’

  • Last-minute tips to save on tax
  • What to claim, how to file
  • Plenty of help on ATO website

HAPPY New Year! Well, almost. With only 24 hours left until the end of financial year, what should you be doing today to ensure that you don’t end up with a big tax hangover tomorrow?

“Don’t forget to pay your expenses,” says Tracey Nicholson, the Assistant Commissioner of Taxation.

“Ensuring that expenses are paid and claimed in the correct tax year can save a lot of headaches in having tax returns amended down the track.”

Ms Nicholson suggests that some top-priority things for taxpayers to do prior to lodging their return include:

• Go surfing! The ATO website, that is.

“There is a wealth of information on the ATO website, both general as well as information that’s specific to various professions,” says Ms Nicholson. “It’s a great place to start your research on what you may be able to claim as a deduction.”

• Spring clean the house to find your receipts.

“At the end of the day you need to keep your receipts to substantiate your claims,” says Ms Nicholson.

• Lodge online.

If you are DIYing your tax, Ms Nicholson recommends the online e-tax process as a great way to complete your return.

“It’s free, and has a great step-by-step process that will help remind you of anything that you have forgotten,” she says.

It can be worth getting professional advice as well though. Bill Keays, founding director of WA-based Hales Keays Chartered Accountants says that in his experience there are a number of tax-related benefits that people sometimes overlook.

“Motor vehicle expenses are often overlooked,” he says.

“You can claim up to 5000 kilometres of work-related use based on a reasonable estimate of business kilometers, without needing to keep a log book. But some people think that if they haven’t kept a log book, they can’t claim.”

Another forgotten area, according to Mr Keays, is depreciation on a rental property.

“Sometimes clients are not aware of how much depreciation they can claim,” he says.

“For taxpayers who have a relatively modern rental property, engage a quantity surveyor to prepare a depreciation report. They will typically save you many times more than their fee due to the deductions they identify.”

But lest you get carried away with all the potential deductions out there, remember that you do need the paperwork to back it up.

“We conduct plenty of audits,”says Ms Nicholson.

“We’re going to have a special focus on truck drivers, sales and marketing managers, sales reps and electricians this year – but any taxpayer has the chance of being audited.”

And while it may be too late for this financial year, consider getting some professional advice for next year’s tax return because sometimes you don’t know what you don’t know.

“There’s usually always some way in which we can save clients extra money, either by identifying deductions or simply getting their tax structures right to start with,” says Mr Keays.

“The Small Business CGT concessions are a great example.

“One of my clients was expecting to pay capital gains tax of approximately $240,000 when he disposed of his business and he ended up paying nothing by applying these concessions.”

Your tax time checklist                                                                                                                                                                                           

To help you get the best tax return possible, here’s a few things to tick off your “to do” list today:

1. Are you eligible for the Superannuation Co-contribution? If so, it’s up to $1,500 of free money.

2. If you use your car for work, don’t forget to estimate your motor vehicle expenses.

3. A 20% tax offset is available for out of pocket medical expenses over $1500.

4. Donations of over $2 made to a deductible gift recipient are tax deductible.

5. The cost of having your tax return prepared is also an allowable deduction.

6. Income Protection insurance premiums can also be a tax deduction.

7. Small business owners who are selling business assets can take advantage of extremely generous “small business CGT concessions.”

8. You can claim up to $300 of work related expenses without the need to have written receipts. However once your claim exceeds $300 you must have receipts for the full amount.

9. Don’t forget all those miscellaneous work expenses such as union fees, seminars, trade journals, software and home office expenses. Even an appointment diary can be deductible.

10. Check the deductions fact sheet for your specific occupation to ensure that you are claiming everything that you are entitled to.

Source  :   www.news.com.au

Advertisements

Read Full Post »

If interested in attending these seminars please Email : info@immagine-immigration.com  

IMMagine Australia is an Australian based Immigration Consultancy that specialise in immigration to Australia. We will be holding a number of Australia Immigration Seminars and consultations in South Africa and Singapore for those people interested in Australia immigration / emigrating to Australia.

The Australian Immigration Seminars include information about:                                                                                         australia_kangaroo
Australia’s immigration policy and any recent changes;
the Australia immigration process;
the impact of moving to Australia;
finding a job in Australia;
Australia’s cost of living, taxation, salaries, the education system and;
what Australia has to offer those interested in emigration.
We will also discuss the global economic environment and how it might impact on your immigration plans.

We are specifically interested in those people with Degrees, Trade Qualifications, National Diplomas, business people, the self employed and those with family in Australia.

We are specifically interested in those people with Degrees, Trade Qualifications, National Diplomas, business people, the self employed and those with family in Australia.

Please select a country below to view full seminar details and reserve a place:

South African Immigration Seminars
Register for a seminar today!

Cape Town – Wednesday 13 May 09 at 7.00 p.m.
Durban – Monday 18 May 09 at 7.00 p.m.
Johannesburg – Thursday 4 June 09 at 7.00 p.m

Singapore – Saturday 6 June 09 at 12.30 p.m

Singapore Immigration Seminars
Email : info@immagine-immigration.com

Read Full Post »

Evolve Digital Publishing today announces the launch of its new regional Migration Seminar programme, with the first event being held at the Thistle Hotel, Cardiff on the 11th July.
The boom in UK citizens moving to Australia and New Zealand, attracted by the promise of a new life down under, shows no sign of slowing, despite the worldwide recession. Figures released by Immigration New Zealand yesterday show that the number of Brits making a permanent move to live in New Zealand grew by 17 percent in the year ending March 2009, and Australia had nearly 30,000 migrants in 2008.
The company’s inaugural event, Down Under Live!, held at Earls Court in April, attracted a high quality audience, serious about making a new life in Australasia – 84% of visitors surveyed said that they would migrate within two years. It is expected that the new events, backed by the UK’s best selling migration title, Australia & New Zealand magazine, will deliver an equally high quality audience.
Exhibitor feedback was universally positive;  “we had queues of people lining up for advice” said one, while another commented “ we were surprised by the quality of the leads”.
The centrepiece of the new events will be a detailed seminar programme, featuring a wealth of advice on every aspect of migration; from applying for a visa to ensuring your goods are shipped to the right place. A range of industry experts will be on hand throughout the day to answer visitors questions, and an exhibition, featuring a select group of companies covering every aspect of migration will be open to help would be migrants make the move down under.
John Weir, publisher for the Migration Seminars says “ the launch of the Migration Seminars is in response to both our readers and commercial partners. Our readers want very detailed advice on the migration process – preferably without having to travel long distances to get it – and our partners want a high quality audience. These events are the perfect solution”.
The events will be marketed heavily in Australia & New Zealand magazine, its associated websites, and  local press. The show will open at 9am, with the seminar programme itself commencing at 10am. Tickets cost £15 per person with subscribers to the magazine given their tickets for half price.
The first migration seminar takes place in Cardiff to coincide with the first match of the Ashes series, and further events are planned in Birmingham (19th & 20th September) and London (March 2010).
www.australiamagazine.co.uk

Read Full Post »