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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      Green can be Gold

      We’ve all heard about climate change and it’s impact on the planet… but have you actually done anything about it?

      Like many, I started making changes in my personal life a while back. I use the dryer less and turn off the television, stereo, PCs, modem and mobile charger at the power point each night. I’ve even been composting my green waste and veggie scraps for the past year and try to ride my bike rather than take the car on short trips.

      But what about changes at work? Recently I realised I needed to think much more about how my business operations impact the planet – and how to reduce that impact. I was thinking it was an ethical imperative, but now I realise it’s also a business and marketing imperative.

      As business owners we’re so wrapped up in the day to day mania of running the company, managing the cash flow, generating new business and keeping our customers happy, that we barely have headspace to worry about how green we are. Minimising your company’s impact on the environment doesn’t have to be a negative though, it can actually be the boost your business needs. Here’s why ‘greening’ your business can create genuine opportunity for you to deliver real results to your bottom line and differentiate you from your competitors:

      1. Growth – In today’s economic climate many businesses need to chase profits in ways not reliant on increased sales. Reducing the resources you use to conduct your business will give you this profit growth through reduction in costs. Something as simple as turning the lights off when you leave, or conducting more of your business over the phone or via the internet – rather than driving, cabbing or taking a plane. Choosing simpler packaging for your products reduces costs, and buying items for your office second-hand also will benefit your bottom line.

      2. Innovation – Changes in consumer behavior and growing awareness of climate change provide many businesses with opportunities to create products that are attractive to their eco-conscious customers. The growth and interest in organic products is already a prime example. 

      Back in 2007 L.E.K. Consulting Australia released the findings of their Carbon Monitor Report, entitled Carbon and the Consumer; Are Consumers Ready to Pay? The report showed that 22 per cent of respondents said that they would change their buying behavior in a significant way by sacrificing convenience or paying a premium for products or services with a smaller carbon footprint. With a further 63 per cent willing to switch to more carbon-friendly products or services that are equal in quality and price that means a total of 85 per cent would change their purchasing behavior, if armed with reliable information.

      On this basis (and this report was tabled two years ago) it’s an absolute no-brainer to look at how you can be greener.

      3. Attract new customers – The report above proves that green really is the new black. Any marketer knows that people generally want to be “Good”, or at least not feel guilty about their purchase. Mums buy breakfast cereals and snack products that they believe will contribute to a sustainable future for the next generation.

      By being able to demonstrate to customers that by buying your product they are supporting a business that’s doing the right thing by the environment, you will attract customers and gain an edge over your competitors.

      I’ve seen this in my own business. I’ve recently started going through the process of obtaining Greenbiz Check’s (www.greenbizcheck.com) practical and affordable Green Business Certification process. By talking about it on my web site I’ve attracted enquiries from other green-minded businesses as a direct result.

      4. Build Loyalty – For years I’ve loved products by a certain beauty brand. They used no fuss marketing and their products were produced without fancy packaging. Recently they bought out a new product aimed at teenagers that had lots of unnecessary disposable packaging. The wasteful packaging totally put me off and I’ve decided not to buy any more of their products. What’s worse for them is I’ve shared my opinions with others.

      This brand has just lost a loyal customer by making a product with no consideration for the environment at all – which went against my perceptions of what their brand was about. You can actually build and retain loyalty through demonstrating that you care about the environment and are a responsible and ethical organisation.

      5. Get onboard -  The environmentally -  conscious consumer used to be a microscopic segment of the community, but reports on the stunning low growth of green, fair trade and ethically made products show that change is coming faster than a climate change induced category five cyclone. You need to start making changes to your business now so your current customers continue to support you, and so you can win customers from your less eco-friendly competitors.

      As the late founder of The Body Shop Anita Roddick said, if you think you’re too small to be effective, then you’ve never been in bed with a mosquito!   

      Michelle Gamble
      My Business, June 2009


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