CA (Chartered Accountant)/Tax Agent/会计 - 在线解答各类Tax/Accounting问题

丹儿

David, 我有几个小问题，希望你能帮我解答下，感谢。
1，Enterpreneur Tax offset仅仅适用于entity using STS? 具体怎么来判断entity eligible for Enterpreneur Tax Offset?
2, ato对于loan agreement （to avoid DIV 7A）有什么要求呢？
3，what's the indemnity journal? 是和trust有关系吗？这个问题我完全不懂。
非常感谢。

shuangchao

1. You may be eligible for the ETO if:
your aggregated turnover for the year is less than $75,000, and
you have net small business income for the year (that is, your small business turnover is more than the deductions that directly relate to that turnover).
You are a small business if you are an individual, partnership, company or trust that:
carries on a business for all or part of the income year, and
has less than $2 million aggregated turnover

2. div 7a loan agreement, should contain at least: the loan amount, loan commencement date, div 7a interest rate applicable, minimum repayment amount applicable, name of the directors/associates taking out the loan.

3. You are talking about when a trust is in deficit, when we draft trustee account, we need to reflect the deficiency in the trustee accounts. Where a non-deficit trustee profit&loss account shows Nil balances every year, a deficit trustee account should show the deficiency amount for the year.

丹儿

谢谢解答，再次佩服下。

cg8180

原帖由 courier 于 2009-2-24 02:00 发表
第一步，需要知道notes是debt还是equity，这个的入了也有几条，哟啊根据notes的内容判断。

GST是financial supplies，如何claim，要看是否breach 说的两个rule。而且要看company的结构。如果是financial 的公司， ...

现在考试还是叫的ＢＬＡＣＫＨＯＬＥ吗？　不是说改名字了么．．

cg8180

请问楼主一个问题：

如果Ａ以公司的名义（实际上公司就他一人）承包Ｂ公司的　业务，最后报税的时候Ａ发自己的工资和ＳＵＰＥＲ，这部分是可以用来抵减公司要交的税吧？　如果Ｎ年后，Ａ退出Ｂ的承包业务，这时候解散公司，那么留存在公司的那部分ＲＥＴＡＩＮＥＤ　ＰＲＯＦＩＴ要怎么办呢？　作为ＤＩＶＩＤＥＮＤ发给Ａ，Ａ把这部分放在当年的ＴＡＸＡＢＬＥ　ＩＮＣＯＭＥ吗还是怎样处理呢？

cg8180

楼主真是造福人民啊．．

shuangchao

原帖由 cg8180 于 2009-3-24 11:12 发表
请问楼主一个问题：

如果Ａ以公司的名义（实际上公司就他一人）承包Ｂ公司的　业务，最后报税的时候Ａ发自己的工资和ＳＵＰＥＲ，这部分是可以用来抵减公司要交的税吧？　如果Ｎ年后，Ａ退出Ｂ的承包业务，这时候 ...

Your understanding is correct, However, based on what you have given so far. it is very likely the entity will be caught under the PSI rules. in which case, the company will have to pay all its profit out to your every year as either dividend or salary, any profit in the company will be taxed at top marginal tax rate.

丹儿

你们firm需要part time吗？:si79

cg8180

原帖由 shuangchao 于 2009-3-24 11:23 发表


Your understanding is correct, However, based on what you have given so far. it is very likely the entity will be caught under the PSI rules. in which case, the company will have to pay all its pr ...

应该不算PSI的,因为能够PASS ATO一切的PSI TEST...

cg8180

原帖由 丹儿 于 2009-3-24 11:28 发表
你们firm需要part time吗？:si79

同问...一周有几个小时跟着楼主学习就好..

shuangchao

thank you for the extra points. as a matter of fact, i am going to the CA career affair tonight to find graduations for next year's firm intake.
I run my own business as well, but i am not hiring at the moment. However, you can always ask me questions on this website, i try to answer whenever i am free. if it is something private, you may ring me as well (my number is in the signiture)

Marsonline

原帖由 shuangchao 于 2009-3-24 11:59 发表
thank you for the extra points. as a matter of fact, i am going to the CA career affair tonight to find graduations for next year's firm intake.
I run my own business as well, but i am not hiring at ...

OMG. I went there tonight. Should have read this earlier!

shuangchao

ding

LONELYMELBOURNE

原帖由 shuangchao 于 24-3-2009 11:59 发表
thank you for the extra points. as a matter of fact, i am going to the CA career affair tonight to find graduations for next year's firm intake.
I run my own business as well, but i am not hiring at ...

hi buddy, it seems that u got more fans now.

mhj

原帖由 shuangchao 于 2009-2-23 11:20 发表


The issues of convertible notes would be characterised as a financial supply, therefore, it is generally input taxed. This has significant implications in relation to the company’s entitlement to ...

I am under impression that you can claim 75% of the GST (RITC) on those expenses for financial supplies.  Dave, any thoughts?

shuangchao

原帖由 mhj 于 2009-4-6 21:58 发表


I am under impression that you can claim 75% of the GST (RITC) on those expenses for financial supplies.  Dave, any thoughts?

You can claim 75%
- If you exceed the financial acquisitions threshold and,
- If your purchase is a reduced credit acquisition
that's my understanding

做人得讲究

question:

How much do u charge to register a company? Thanks

shuangchao

原帖由 做人得讲究 于 2009-4-7 15:06 发表
question:

How much do u charge to register a company? Thanks

about $650 for setting up the Company, generally takes 24 hours only.

shuangchao

ding

酷酷奇

LZ是个热心人啊，帮DING。

cg8180

赞楼主....
帮顶.....

rain_0

hi chen, would you help me about this:
如果夫妻双方都享受 first home buyer benefit  ， 其中一方要先买房子 但是 房产权只属于买房一方， 另一方是否必须出让

自己的firsthome benefit 给对方的
房子？ 如果这样做了 将来 如果对方提出离婚 另一方是否没有产权的同时 也失去了firsthomebenefit？

连续到的stampduty 的特权 都一并失去了？

现在　买房得一方在强迫　没买房得一方签订一个application form and lodgement guide --first home plus exemption or

concession from duty.
不知道　是否因该签字。关于这方面的法律条文规定　也看得很含糊。http://www.turkslegal.com.au/upl ... amp_Duty_Scheme.pdf[/url]

清Ｄａｖｉｄ　帮指教下　，　谢谢。

shuangchao

原帖由 rain_0 于 2009-5-18 02:24 发表
hi chen, would you help me about this:
如果夫妻双方都享受 first home buyer benefit  ， 其中一方要先买房子 但是 房产权只属于买房一方， 另一方是否必须出让

自己的firsthome benefit 给对方的
房子？ 如 ...

First of all, what you are asking concerning legal issues, and as accountant, i am not allowed to give legal advise.
I am not 100% sure of your circumstances. but my understanding (not talking about your case in particular) is, generally, the ownership of the assets is not so relevant when a couple is getting divorced. The court will not assign the house to a partner simple becuase he/she owns it.
If you are worried about losing your house if you two get divorced, consult with a solicitor.
As to NSW first homes buyers scheme, i have to say i am no expert on it, i am based in Melbourne, Victoria

stevenyy

HI, David, highly appreciate your professionalism.

Having got some question to ask:
I took over one shop in Melbourne and also bought its inventory totally AUD20K, unfortunately I made dispute with previous shop owner, who eventually didn't give us an offical tax invoice for inventory purchase. HOw can I claim GST input credit without it?

Estimate that the turnover of my shop is not more than AUD75K annually, can I not register GST from ATO? then I don't need his tax invoice any more, am I correct?

shuangchao

原帖由 stevenyy 于 2009-5-18 13:33 发表
HI, David, highly appreciate your professionalism.

Having got some question to ask:
I took over one shop in Melbourne and also bought its inventory totally AUD20K, unfortunately I made dispute wit ...

Unfortunately, you do need a tax invoice to claim the GST credits. if your GSTable turnover is less than 75k, then you do not have to register for GST. however, i would still recommend you to get a invoice from him if possible, so that you have something to substantiate your purchase.

stevenyy

HI, David. Thanks for ur invaluable advice.

One more question to ask:

The dispute betweeen I and previous owner is that He had misled me to sign one contract, which required me to pay the output GST for inventory purchase (in general practice, vendor should pay that 'coz they can claim the GST back, am I correct?). My question is that how can I pay output GST and why didn't I receive any demand note from ATO?

If i don't register GST for that, do I still need to Pay?

Thanks millions for your help.

shuangchao

原帖由 stevenyy 于 2009-5-18 15:35 发表
HI, David. Thanks for ur invaluable advice.

One more question to ask:

The dispute betweeen I and previous owner is that He had misled me to sign one contract, which required me to pay the output ...

you should have paid the gst inclusive figure, and claim back the gst amount on your next bas if you are registered for gst (assume the acquisition meets the tests), the previous owner should have paid the gst to ATO on his next BAS. Therefore your understanding is not incorrect at the moment.
The only issue at the moment is that you have signed this contract, obviously you were misled. because if you are aware of all the factors, he could have just increased the price instead of getting you to sign this contract with you thinking that 20,000 is all you have to pay.
Now, the only issue is if the contract is legally valid. the existence of the contract, if i have understood you correctly, does not mean you have to pay ATO the GST. it means you have to pay him the GST amount. he still have to pay the GST amount to the ATO, he got you to sign the contract so that he can get the same amount back from you.
Once again, i am not sure if this contract is valid. you concern is really that he will pursuit you for the money.

wyw

楼主能做个自我介绍吗？
又块要报税了，大家都想找个会计做帐。

岁月留下的痕迹

LZ厉害啊，帮顶吧。以后有事找LZ做。

shuangchao

原帖由 wyw 于 2009-5-18 17:51 发表
楼主能做个自我介绍吗？
又块要报税了，大家都想找个会计做帐。

thanks for the support, i have been in Melbourne for over ten years, my background is tax/business service, i am a member of the institue of chartered accountants and an registered tax agent. I have had the pleasure of working on a very wide range of clients, from individuals/small businesses to large private companies, public companies & foreign controlled large entities.
i suppose everyone wants to find an accountant that they trust and are comfortable with, and i am happy to answer any questions anyone may have to the best of my abilities. Please dont hesitate to send a brief msg to me even if you are just after an second opinion.