Land Tax has nothing to do with the ATO, but accountants like myself are always asked "How is Land Tax Calculated?" so here is my answer to help you understand.
It's important if you borrow money from your business you know how to pay it back or if a Division 7A loan applies. There are a set of rules you MUST comply with which the ATO are enforcing. Don't do it worn - Penalties apply.
If you take money out of your business, you need to pay tax on it, even if you own the business. Derek will discuss these options and the tax implications for you and your business. Its not free money.
This is one of the most asked questions - "Want to know the answer?"
Watch this webinar to find the answer.
In our latest webinar recording, Derek will explain the 2 methods of Calculating FBT (Statutory and Operating cost method, the calculation formulas, and what you need to be aware of as business owners.
Australian Government has finally approved this boost which gives an additional 20% tax deduction for external training courses delivered to employees by registered training providers. Watch to find out how you can claim.
Australian Government has finally approved this boost which gives an additional 20% tax deduction to support digital operations. Watch to find out how you can claim.
Do you have a Motor Vehicle owned by your company?
Do you use this Motor Vehicle for private use (even a little)?
The ATO is targeting all vehicles (Sedans, utes and FBT exempt cars) that are registered in the name of a company.
This webinar will explain the tax implications to your business and what you need to do immediately.