Capital Gains Tax

 

1. What is Capital Gains Tax?

2. What is CGT event?

3. How do I calculate my Capital Gains Tax?

4. Are there any CGT concessions for small businesses?

 

 

Individual Tax

 

1. Do I include payments received from the government, such as parenting payment or youth allowance in my taxable income?

2. Can I claim a deduction for home computer equipment?

3. Can I claim car expenses relating to my work as an employee?

4. Can I claim a deduction for work uniform expenses?

5. Can I claim work related laundry and dry cleaning expenses?

6. Are all gifts or donations deductible?

7. What is a tax offset?

8. Can I claim a spouse tax offset?

9. Can I claim a child housekeeper tax offset?

10. Can I claim a housekeeper tax offset?

11. Can I claim a tax offset for superannuation contributions?

12. What do I do about late, lost or wrong payment summaries?

13. Do I include interest earned from my child’s bank account in my taxable income?

14. What is maintaining a dependant?

15. What is Separate Net Income (SNI)?

16. Am I eligible for Family Tax Benefit (FTB)?

17. What is the baby bonus?

18. What is the Medicare levy?

 

 

Primary Production

 

1. What is a FMD?

2. When can I gain access to an FMD?

3. What is forced disposal of livestock?

4. What if drought, fire, flood forces me to have a double wool clip in a year

 

 

Business Taxation

 

1. What records do I have to keep?

2. What is STS?

3. Do I have to enter STS if I am eligible?

4. What happens if I leave the STS?

5. When can I deduct a loss?

6. What is professional arts business?

7. What if an activity does not satisfy any of the tests?

8. What is PSI?

9. What is the results test?

10. What is the unrelated clients test?

11. What is the employment test?

12. What is the business premises test?

13. What happens if I pass one or more of the above tests?

 

 

GST

 

1. Does GST apply to me?

2. What sales does GST affect?

3. What are input taxed goods and services?

4. Can I get GST credits for my purchases?

5. How do I account for GST?

6. How often do I need to pay GST to the Tax Office?

7. What paperwork do I need to complete?

8. If I account for GST on an invoice basis, will I have cash flow issues?

9. Do I pay GST on the acquisition of a business?

10. Do I have to pay GST to the ATO when I sell real-estate?

11. What is the margin scheme?