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GST GLOSSARY

GST GLOSSARY www.smallbusiness.ninemsn.com.au Below is a listing of frequently used terms and abbreviations which relate to the GST and the tax system generally. ABN: Australian Business Number BAS: Business Activity Statement BOA: Binding oral advice CGT: Capital...

FUEL TAX CREDIT

FUEL TAX CREDIT ENTITLEMENT EXPANDS FROM 1st July 2008 Eligibility for fuel tax credits from 1st July 2008 to include all taxable fuels use in machinery, plant and equipment for business activities not previously eligible. If you were previously not eligible for fuel...

TERMINOLOGY

TERMINOLOGY AND OUR CLIENTS Every industry evolves its own language and terminology to explain the technical information or concepts. Unfortunately, every industry also falls into the trap of assuming everyone they speak to understands their jargon. This particularly...

DOING YOUR OWN BOOKWORK

DOING YOUR OWN BOOKWORK – DO YOU KNOW HOW? One of the major concerns to our firm is client prepared accounts.  Because to prepare a set of accounts you have to know taxation legislation. When we take a client prepared set of accounts ie Quickbooks, we can only...

DAILY SUMMARY OF RECEIPTS

DEDUCTIONS FOR INDIVIDUALS The the link below for the ‘Daily Summary of Receipts’ form. Related Files: SUMMARY OF RECEIPTS.doc This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of...