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带什么资料:In order to prepare your company tax return we require the following information:
•Copies of all bank statements for the company for the financial year required.
•lease identify on the bank statements the income and expenses paid for the business including your private expenses and loans if any.
•lease also provide us with the out of pocket expenses.
•A copy of the last financial statements and a tax return lodged with the Australian Taxation Office
Income and deductions for small business
计算例子
Example: working out assessable income
Sole trader
Bill is a sole trader. During the income year, he received the following:
Assessable income
Sale of toys (excluding GST)
$110,405
Interest on business bank account
$45
Total assessable business income
$110,450
Other assessable income
Income from rental property
$13,000
Franked dividends
$980
Total assessable income
$124,430
Non-assessable income
Hobby income (home-baked bread)
$1,200
Lotto win
$3,280
When working out his assessable income, Bill does not include the $1,200 from the sale of his home-baked bread or his $3,280 lottery winnings as these amounts are not assessable.
While the $13,000 from his rental property and the $980 from franked dividends are not business income, as a sole trader, Bill must include these amounts in his assessable income on his tax return. However, he records the amounts separately for accounting purposes.
He did not make any capital gains and he is not entitled to any of the special concessions for primary producers or special professionals. Also, he did not earn any income from outside of Australia. Therefore, Bill’s total assessable income is $124,430.
Bill is not taxed on his assessable income, but on his taxable income. This includes all his assessable income, less the deductions he can claim.
Sections within Working out your assessable income
What to include in your assessable income
What not to include in your assessable income
Small business concessions
Trading stock
Separating your business and personal income
Accounting methods
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