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…

          read more »

          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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      Twelve of the best to boost your sales results

      No matter how your business is performing, it’s always a good time to explore low cost marketing opportunities. Low cost marketing doesn’t mean lazy marketing.  It takes a lot of planning and perseverance, but getting results from a small dollar spend not only adds much needed cash to your bottom line, it can give you a confidence boost also.

      Confidence is definitely needed in your position, because that’s what keeps you coming into work each day with a positive attitude and the oxygen you need to breathe life into your business.

      It’s important to set solid goals early on, as without them low cost marketing can quickly spiral into high cost. So, take a moment to think now exactly what it is that you want, for example:

      • I want 20 new customers in 20 days who will each spend more than $100.

      • I want one new client who will buy my $15,000 consulting service

      • I want to retain my current customers and increase their spend by five per cent in the next month

      • I want to set up meetings with 10 prospective customers within the month

      • I want to generate 50 new enquiries for my product/service in the next two weeks

      • I want to clear all last season’s stock at a 20 per cent profit

      • I want to launch a new product/service and sell the first one on day three of the campaign.

      Now that you’ve set your goal, you need to identify exactly which group of customers will help you best meet your target. Your low cost marketing strategy needs to then totally focus on this group. A lazy marketer always falls back on the scattergun approach, but when you’re serious about getting results, it’s being focused that saves costs.

      Here are 12 low cost ideas to try this month:

      1. Media release- come up with a story idea about your business and send an email or make a phone call to a newspaper. Make sure your story is relevant to the paper you’re sending it to, and also suggest a photograph that might work well with the story.

      2. Public speaking- contact a local service club like Rotary and see if they’d be interested in you doing a presentation on a subject of interest. This doesn’t mean you bore everyone silly with a sales pitch; come up with an interesting topic that has something to do with your expertise and turn it into fantastic talk

      3. Direct mail – contact all your past customers with a special offer

      4. Key word marketing – on the internet you can buy key words relating to your product from as little as 10c. Just make sure you target your specific market, there’s no use buying words that people from Czechoslovakia will see

      5. Take notice of notice boards – put up an ad or notice at your local community board (maybe with a tear-off offer)

      6. Get networking- Join a business or special interest group in your area

      7. Cross-promote - contact other businesses and work out some cooperative marketing strategies.

      8. Start stalling – Take a stall at a local fair or market

      9. Get distressed – Call your local paper/trade magazine and ask them to contact you when they have last minute (distressed) advertising space to sell (only do this if print advertising is part of a campaign that works for your).

      10. Sign up – Order magnetic signs for your personal vehicle so you can promote your business when you’re out and about (Be sure to always drive courteously when sporting a sticker!)

      11. Start talking- Get over your phobias and actually talk to people about what you do. Start selling to friends and acquaintances.

      12. Pass it on – With every product/service sold, include a voucher that a customer can give or share with a friend or colleague.

      To find out which works best for you, ask every customer in the coming month “How did you hear about us?” In marketing speak, that’s called “measurement” and it’s a savior to your bottom line. You’ll never throw good money after bad marketing if you are disciplined about finding out where your customer comes from.

      Michelle Gamble
      My Business, February 2009


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