Info base

Info Base

Our Info Base is a collection of fact sheets, templates, downloadable forms, lodgement checklists, taxation details and other relevant information. 

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  • INFO BASE

    • Resources

      • Individuals

          Residents: Personal tax rates and thresholds

          These rates apply to individuals who are Australian residents for tax purposes: 

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          Non-Residents: Personal tax rates

          Non-residents are not subject to the $18,200 tax free threshold and are not required to pay the Medicare levy.   

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          Rental Properties

          Purchasing a rental propertyWhen purchasing a financed rental property you may consider:o The interest on the debt is deductible in contrast to the interest on the debt for your main…

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          Motor Vehicle Deductions

          Since 1 July 2015 there are only two methods available for claiming a deduction for motor vehicle expenses:Logbook, orCents per kilometre All motor vehicle claims need to be supported by…

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      • Tax Rates

          Residents: Personal tax rates and thresholds

          These rates apply to individuals who are Australian residents for tax purposes: 

          read more »

          Non-Residents: Personal tax rates

          Non-residents are not subject to the $18,200 tax free threshold and are not required to pay the Medicare levy.   

          read more »

          Weekly, Fortnightly & Monthly Tax Tables

          To calculate the Pay As You Go (PAYG) withholding tax amount for your employees download the weekly, fortnightly or monthly tax tables below, depending on your agreed pay frequency. These schedules incorporate the…

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      • Lodgement Dates

          Tax Return Lodgements 2017

          A list of lodgement dates applicable to tax returns for the 2016 - 2017 financial year is below:Individual Tax Returns –• Individuals who lodge their own tax returns, the due date…

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          BAS Lodgements 2017-2018

          The lodgement program due dates for the 2017 - 2018 financial year are listed below for all quarterly and monthly activity statements, including PAYG withholding payments. Please note the different…

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      • Checklists and Downloads

          Personal Tax Return Checklist

          Income:• Group certificate(s)• Statements of any allowances, Centrelink benefits or pensions• Details of interest received on bank accounts• Dividend statements• Rental property statements from managing agent or details of any…

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          Tax Return Checklist for Rental Property Income

          Income & Expenses:• Rental statements from property agents – these will include the rental income, property agent fees and commissions, and advertising expenses• Body corporate / strata fees•…

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          Requirements for BAS

          Below is a list of the detail required to be able to process BAS documentation for lodgement:Bank statements for the full BAS period – Make sure you have all the…

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          Spreadsheets - Business Income & Expenses

          It's not always necessary to purchase, install, create and update complicated accounting package programs when starting up a business. Sometimes a simple Excel spreadsheet can be more suitable, particularly with sole traders and…

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          Spreadsheet - Rental Property

          This spreadsheet is a useful tool for monitoring your rental property's income and expenses for your year end tax return. Keep track of your quarterly earnings and expenditure, as well as capital purchases…

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          Spreadsheet - Motor Vehicle Expenses

          This spreadsheet is a useful tool for monitoring and recording your motor vehicle expenses for your year-end tax return. Keep track of your quarterly expenditure, including lease payments and interest on loans…

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          Template - Motor Vehicle Logbook

          A logbook can help you get the most from your business or work-related motor vehicle use. Download this template so you can keep track of each business or work-related trip…

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      • Superannuation

          Consolidating your super

          There are numerous benefits to keeping your super in one place.  Apart from only paying one set of fees, you will also be able to keep track of your retirement…

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          Binding Beneficiaries Nominations

          Under superannuation law, the Trustee of your super fund has the discretionary power to decide which of your dependents receives your super if you die before you retire. The law…

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      • Estate Planning

          Template - Last Will & Testament

          A Will is a legal document that clearly sets out your wishes for the distribution of your assets after your death. Having a clear, legally valid and up-to-date Will is…

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      • Starting a New Business

          Starting Up Your Business

          1.  Business PlanBefore you register for an ABN and start trading it is vital to sit down and flesh out the finer points of your business idea: Consider the different…

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          Company & Trust Set Up

          If you decide on a company or trust structure for your new business AFYF can assist you in meeting the various legal, ATO and ASIC documentation necessary for registration and…

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          Registering a Business Name

          When you first get started in a business you should register your business name with ASIC. Registration of a business name lasts for either one or three years, depending on the…

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          Company & Partnership Agreements & Deeds

          When first setting up your partnership, company or trust there may be a requirement to draw up and sign an agreement or deed. These agreements can regulate the arrangements between partners,…

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          Invoicing - What to Include

          Invoices can be hand-written, carbon copies or computer generated from programs like Xero or MYOB, but they all need to include certain details.  For businesses registered for GST invoices need…

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      • BAS & GST

          BAS Lodgement Dates 2017-2018

          The lodgement program due dates for the 2017 - 2018 financial year are listed below for all quarterly and monthly activity statements, including PAYG withholding payments. Please note the different…

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          Requirements for BAS

          Below is a list of the detail required to be able to process BAS documentation for lodgement:Bank statements for the full BAS period – Make sure you have all the…

          read more »
      • Business Planning

          Business Planning

          A business plan is an essential tool in starting up your business. It allows you to set a clear direction for your business, to communicate planning objectives and strategies to…

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      • Employing People

          Weekly, Fortnightly & Monthly Tax Tables

          To calculate the Pay As You Go (PAYG) withholding tax amount for your employees download the weekly, fortnightly or monthly tax tables below, depending on your agreed pay frequency. These schedules incorporate the…

          read more »

          Job Descriptions with Various Templates

          The job description should be the very first step in the recruitment process. It provides a support for writing job advertisements, specifying necessary qualifications, interviewing candidates, planning job training and…

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          Letters of Offer & Example

          A letter of offer is an important aspect when hiring a new employee as it outlines the terms and conditions of the job being offered.Try to include as much detail…

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          Letters of Appointment & Example

          A letter of appointment is another aspect of the recruitment process that the employer should complete to confirm the details of employment. It generally only needs to be a short…

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          Issuing Payment Summaries to Employees

          Payment summaries must be issued to every employee paid during a financial year ending 30 June. These summaries should be given to employees by the 14 July each year.The information…

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      Going green on the web

      Small businesses do have a major impact on the environment. One SME that has moved beyond words into actions is the web hosting company ilisys that has brought “true carbon neutrality” to its 18,000 customer’s websites. In this article, the company’s business Development Director, Matt Mulligan, outlines how it is achieving its environmental goals.

      In implementing any green initiative, management needs to understand that carbon neutrality is not achieved by the company, but rather its employees, assisted by the company

      Although we share many emission issues such as office waste and staff travel with most businesses, we were unusual in that we are heavy consumers of power, requiring around 200,000 KWh of energy to power our servers and cooling systems in our data centre as well as our network infrastructure.

      When ilisys made the commitment to become 100 per cent carbon neutral, the first thing we did was take all of our employees to see An Inconvenient Truth. That was December 2006. On January 1 2007, we switched our power supply to 100 per cent Natural Power – an accredited GreenPower product – powering our headquarters energy.

      This was the easy bit, as all we had to do was commit to the slightly higher cost of renewable energy. The more difficult part was assessing the best ways in which to offset the carbon footprint of such things as office waste, staff travel to and from work, and our own interstate business travel.

      When you start to look seriously at the options available to you, you really see how large the energy offset industry is. For ilisys, we selected carbonnetural.com.au, as they had been in the business of planting trees to offset emissions since the 1970s.

      Between carbonnetural.com.au and NaturalPower we had been able to reactively address our general emission; however we realised that there were some proactive things we could undertake as well to further reduce our overall energy consumption. Our staff were keen to be involved so we asked members for their suggestions.

      One thing we did was look at ways to run our data centre more efficiently so it would actually require less power to run. In our office, we made sure that we used energy efficient lighting and switched all our CRT monitors to low-power LCD displays. We now make sure all office appliances are turned off at the power point rather that in sleep mode where possible, and make sure the office heating/cooling system is set to appropriate temperatures and turned off at the end of the day.

      Ilisys believes in a program of continuous improvement in all areas of its operation, and our green initiatives will be no exception. Now that we have tackled the issues nearest to us, we can start moving outwards looking for ever more ways to lessen our impact on the environment.

      To do this we will be looking to our suppliers and, where possible, choosing product that have been manufactured using low energy inputs, or products from companies that, like us, offset their carbon footprint wherever possible.

      What have we learnt from this exercise?

      Here are the top five answers:
      1. it’s not that hard to make a significant difference
      2. you need buy-in from your employees- but that’s not hard to get, especially if you involved them from the start
      3. start with the things closest to your organisation and then work out
      4. work with established companies in the energy offset industry ; and
      5. let your customers know what you are doing.

      This last point is potentially the most important…on two levels.

      Firstly, you will be surprised how many customers will be spurred on to undertake similar energy-saving initiatives within their own companies and, secondly, you will be overwhelmed by their positive feedback. While ‘going green’ is a good thing to do for the future of the environment, it is also good from a business perspective as it improves the reputation and credibility of  your business – with great effects on your brand customer relations.

      We’re in regular contact with our customer base, communicating with them about a range of interesting topics so when we emailed them about our green initiative, we did actually expect a warm reaction. But nothing prepared us for the response we received.

      Responses started flooding in within minutes of sending out the emails – and there were hundreds of them. They ranged from standard congratulatory messages to highly emotional and energised responses. What it showed was that Australian businesses are ready, and willing, to take their own action on the environment, and many already have. 

      My Business May 2008


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