ITR - Deduction Notes -ATO FY 2022 -2023
Deduction Notes: FY 2022 -2023 D1 - Work-Related Car Expenses Work-related car expenses are expenses …
Fringe Benefit Tax ATO
FBT applicable where an organisation provides benefits to its employees instead of salary. The first…
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Superannuation - Australia
Superannuation Super Annuation or Super (Both are the same) Meaning: Superannuation is money put aside…
GST Reconciliations
GST Reconciliations ATO Business Activity Statement a. First, as per BAS return, we need to Fill in a…
Hire Purchase & Borrowing Cost Concept
Hire Purchase & Borrowing Cost Concept Hire Purchase Meaning of Hire Purchase: Hire purchase is a…
Opening Stock and Closing Stock Concept
Opening Stock and Closing Stock Concept How to bring Opening Stock and Closing Stock in Books? If Boo…
Capital Gain Concept
Capital Gain Concept Capital Gain Calculation Opening Investment xxx + Purchase of Investment xxx – S…
Rental Income Concepts
Rental Income Concepts Residential Rent Commercial Rent GST doesn't apply to residential rent. You…
Division 7A (Only for Business) Concept
Division 7A (Only for Business) Concept What is the purpose of Division 7A? Division 7A is part of th…
Luxury Car (Only for Business) Concept
Luxury Car (Only for Business) Concept Applicable only for business use. What is Luxury Car? In FY 202…
Unfranked Dividend, Franked Dividend, Franking Credit Concept
Unfranked Dividend, Franked Dividend, Franking Credit Concept Example:1 At the time of Issuing Divid…
Fuel Tax Credit (Only for Business) Concept
Fuel Tax Credit (Only for Business) Concept Fuel Tax Credit (Claim your fuel tax credits on your BAS…
CTR - Declarations - ATO
6. Declarations Tax agent’s declaration Public officer’s declaration Hours took to prepare and complet…
Company Tax Return - ATO
Business Company information Items 1 to 5 Information statement – items 6 to 25 Overseas transactions, …
ITR - Credit for interest on early tax payments -ATO
C1 - Credit for interest on early tax payments Any of the following payments made to ATO before 14 d…
ITR - Adjustments - ATO
Adjustments A1 - Under 18 When Tax Payer is Less than 18 Years old on 30 June of FY End Under 18 may …
ITR - Medicare levy -ATO
Medicare levy M1 - Medicare levy reduction or exemption Medicare Means: Australia's public health …