Collinson Gray Schultz
Accounting in Burnside
www.cgsca.com.au
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8-8373555?
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225 Fullarton Rd. Eastwood. Burnside, SA, 5063.Are you the owner or manager of this company?
What you should know about Collinson Gray Schultz
These strategies provide a source of income other than your business or employment income. An improvement to an asset that increases its cost by 10 or more in a year may result in an obligation to recalculate the effective life of the asset. A net capital loss in an income year is carried forward to be offset against capital gains in later income years. In addition to the generally available exemptions and rollovers, little business entities are eligible for the small business CDT concessions. The account is not included in the income and assets tests that apply to various government benefits. Fringe Benefits Tax (FBI) is paid on particular benefits employers provide to their employees or their employees' associates instead of salary or wages. Benefits can be provided by an employer, an associate of an employer, or a third party by arrangement with an employer. Fuel tax credits for business provides a credit for the excise or customs' duty included in the price of fuel used for business activities, in machinery, plant, equipment and thick vehicles. Income tax is levied on taxable income, which is intended as asses sable income less allowable deductions. A company is a exact legal entity with its own income tax liability, and is required to lodge a Company income tax return. A partnership carrying on a business must complete a Partnership tax return to disclose all income earned and deductions claimed for the income year, and how the net income or loss was shared between the partners. The partnership itself is not a taxable entity. Superannuation funds A superannuation fund is a unmistakable legal entity with its own income tax liability and is needed to lodge an income tax return. Pay As You Go (pang) installments is a system for paying installments during the income year towards an entity's or individual's expected tax liability on business and investment income. The actual tax liability is worked out at the last of the income year when the annual income tax return is assessed. Partnerships and trusts Partnerships and trusts are generally not required to pay pang installments. However, notable rules apply to partners and beneficiaries when calculating their own pang installments. CDT 50 active asset reduction If you have owned an asset to conduct your business you will only pay tax on 50 of the capital profit when you sell the asset. In addition to employees' salaries and wages, employers are required to pay superannuation contributions on behalf of all eligible employees. Employers must also provide employees with a finest of superannuation fund. Employers are generally required to pay superannuation contributions for employees if they are: The Australian Taxation Office (APO) provides the succeeding tools to assist you comprehend and confront your obligations: WET affects wine manufacturers, wholesalers, and importers. The producer rebate manipulate entitles wine producers to a rebate of WET for up to 500,00 of domestic sales each financial year.
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Services
We can relieve you and your staff of an colossal burden by taking concern of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes. Financial planning ensures your financial goals can be met through the development of comprehensive and effective strategies that will strengthen your financial security. Our capable and experienced team are qualified to discuss with you your financial options, providing a three stage service in financial planning: Earlier making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your special investment needs, and objectives. We then offer flexible strategies, designed to address the issues affecting your business. The experts at Collin son Gray Schultz produce you with a portfolio management service through which handling your investments can be easy! An effective risk management strategy will improve performance, allow completion of goals, and protect the value of your business. We'll aid you establish a strategic plan that looks at where you want your business to be in the following 35 years and exactly how you and your team can accomplish these aims and objectives. For this reason Collin son Gray Schultz ensures its staff are continuously up to date on the changes, and qualified to offer you flawless advice. We have experience with these issues and are capable to give expert advice on the implications of CST for your business. We provide a entire service of help and advice in all the latter areas: Is the business right for you? Assistance with preparation of a business plan. Let Collin son Gray Schultz reveal you how our experience can preserve you from stress, and produce you with the great opportunity a business acquisition or merger can be. At Collin son Gray Schultz we know the practicalities of charitable trusts. Company legislation requires businesses to perform many administration tasks receive up a lot of prized company time. At Collin son Gray Schultz we are experienced in estate planning, and can guarantee the succession plan for your wealth will be held to. The areas involved in estate administration we are qualified to aid in include: Farm accounting involves specific business, financial, and taxation issues, and as such requires a specialist understanding of the industry. At Collin son Gray Schultz we keep abreast of the developments in both the farming and accounting industries, putting us in a position to provide uptodate and accurate advice. At Collin son Gray Schultz we have the necessary expertise to assist in a variety of areas in relation to residential and commercial property. The services we provide in relation to organizing the selling of a business include: However, with our years of experience we can address the intricate issues of business continuation, taking the stress off your shoulders. We have extensive experience and so are qualified to present specialist advice on Trust formation, ensuring that all statutory requirements are met.
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