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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      Recession survival kit for businesses

      We need to be clear about one thing: real success is sustainable. It lasts and it happens in any economic climate in spite of any external influence and is not exclusive to soaring economies or to businesses that are lucky.

      As I write this article, money is dancing from one person to another, from one business to another and the key is to figure out how to get a share of it dancing to you. Business owners throughout Australia face a significant opportunity to thrive in the current tough times.

      In tough times, business owners tend to focus on the external environment and as a result they lose focus on the internal working of their business. But more importantly, they lose focus on their customers. They panic.

      This is where mindset comes in. To be successful, the fittest business owner must be mentally tough and emotionally strong. With the current global financial crisis, the media (predictably) are focusing on the negative. Negative stories sell newspapers, but they do nothing for people’s confidence.

      Negativity creates a sense of resistance and while resistance to unpleasant conditions is an expected human condition, it also stymies business owners’ capacity to act and to focus. The reality is that in tough times there are just as many opportunities as there are in good times, maybe even more.

      I have spent considerable time researching the techniques used by business to survive and even prosper in a recession. Here are some of them.

      1. Put your efforts into your existing clients

      Sounds obvious but losing customers through neglect or sloppiness is especially painful in tough times. The cost of replacing them is higher and the difficulty in replacing them is greater.

      Just doing what you do competently or delivering your product as agreed is not enough to earn your customers subsequent business. In tough times, your competitors will resort to price cutting. If you are no countering this with a quality relationship, you will lose.

      Regardless of the economy, your list of clients and prospects is your most valuable assets. Even more important is your relationship with them and what you are known for. The truth is that most businesses fail because of an inability to keep customers coming back, rather than an inability to attract customers.

      2. Grab your customer’s attention and be innovative

      Most people in business have unreasonable expectations of the results they will achieve by using plain vanilla advertising and marketing. The one thing your clients and prospects won’t put up with is being bored.

      The most important thing you’ve got to do in advertising is to get seen and be read. A good example is a pizza shop owner who, instead of sticking her advertising in the letterboxes with all the other clutter, ties her advertising on front garden fences.

      3. Take advantage of your customers’ fears

      In tough times many companies cut back on direct-mail in favour of email or so called easier and cheaper forms of marketing. Others cut back because of the postal increase, so there is less competition, less clutter in the mailbox. So the tigers eat even better in the jungle and starve last.

      Become a tiger in your jungle. Your competitor’s response to changing economic conditions may create more opportunity for you. You may decide to target different customers or alter your message but you should go after them.

      4. Your advertising must get people’s attention

      If you cannot make a compelling case in your advertising for customers to choose you, rather than other options, then you should not be spending a cent on advertising.

      The truth is that there is no such thing as a bad medium (media), only poorly targeted and strategised marketing. Just as there is no such thing as a bad hammer, just one that is poorly wielded.

      Here is a five step test you should put all your marketing and advertising through:

      • Get attention.
      • Arouse interest and emotion.
      • Tell an interesting story in a believable way.
      • Offer an incentive to take action now.
      • Ask for action and make it easy for people to do what it is you want them to.

      5. Make appropriate adjustments to services, payment options and product

      David Ogilvy, one of the greatest-ever advertising gurus, said: “All advertising should be news. Find ways to present what you do, the services you provide, the products you sell, expressed as news.”

      Find ways to use what is in the news and on their minds about the economy to your advantage. This does not necessarily mean slashing prices. It may be message related. It may mean arranging better or more finance options. Better still, focus only on the products and services you sell that produce the bulk of your turnover, and then do it better.

      6. Only focus on offer-based advertising

      I cannot understand the point of advertising without an offer to respond. If you are really happy spending a lot of money on ads with no accountability, give me a call and I will gratefully accept the money.

      The reason the offer is so important is it breaks down that major barrier to business which is a lack of trust and scepticism. In tough times you cannot afford to be boring, instead make an even more outrageous offer, add greater value, use testimonials, bold guarantees and give your clients a compelling call to action.

      7. Agility is the key to success

      Few people like change and that is a natural response. No one welcomes disruption. But there is more danger in ignoring and resisting change, particularly where your customers and prospects are concerned. Being agile is the key and being responsive to their needs and desires.

      Success depends on an attitude of discovery rather than resistance, reactions that are opportunistic rather than protectionist. Many businesses experience revolution but few experience evolution.

      In an economic crisis, being agile when it comes to your marketing and sales provides industry and business with the opportunity to change the rules when it suits them and create new truths about how business is done.

      If you can’t find a valid model for success in your industry, do the opposite of everybody in your category because you can rely on the masses being wrong.

      Mal Emery
      My Business, December 2008/January 2009


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