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

Serenity

Thank you so much, David!

Best wishes to you& family!

shuangchao

原帖由 zinger 于 2011-3-10 08 begin_of_the_skype_highlighting              2011-3-10 08      end_of_the_skype_highlighting:29 发表
Hi, david,
very appreciated your help and answering my previous question. I have signed the land's contract. to be honest, I am not very sure whether I will build my house in 2-3 years, because the la ...

No, in this case, all the running costs will form part of land's cost base and reduce future capital gain, they are not tax deductions to you.

onix

您好david，请问MYOB种类繁多，像小生意用的应该是哪一种比较好呢？！谢谢！！！

shuangchao

原帖由 onix 于 2011-3-11 13 begin_of_the_skype_highlighting              2011-3-11 13      end_of_the_skype_highlighting:42 发表
您好david，请问MYOB种类繁多，像小生意用的应该是哪一种比较好呢？！谢谢！！！

Accountright plus is the basic version, and should satify most small businesses need.

shuangchao

原帖由 brookvale 于 2011-3-9 20:04 发表
David,

请教你几个问题

两个朋友准备合伙做生意，可能是partnership 或company

问题一，如果成立partnership是不是要律师出一份partnership agreement,自己两个人大概的写一份是不是不可以。

问题二，如果成立公司，是不 ...

1. No, you don't need a lawyer to draft an agreement, you can certainly draft one amongest yourselves
2. Once again, you dont need a lawyer
3. You can still set up a company, most accounting firms will use their office address as your company's registered office address, however, you do need to provide a australian address at least for one of the directors.
4. It is recommended. however, not necessary, depend on what you are doing.

justbeatit

你好David，再请教一个税务上的问题：
这个财政年度我从国内打了几笔钱过来澳洲做股票，这几笔钱能当作是我从海外的借款吗？这样的话是不是我就不用把所有的利润都要交税，从朋友那听过这类避税的方法，不知道是不是这样？谢谢

shuangchao

原帖由 justbeatit 于 2011-3-14 15 begin_of_the_skype_highlighting              2011-3-14 15      end_of_the_skype_highlighting:08 发表
你好David，再请教一个税务上的问题：
这个财政年度我从国内打了几笔钱过来澳洲做股票，这几笔钱能当作是我从海外的借款吗？这样的话是不是我就不用把所有的利润都要交税，从朋友那听过这类避税的方法，不知道是不是这样？谢谢

借款本身是不能抵税的，可是贷款所产生的利息是可以抵税。
如果税务局审计，你有必要提供借贷证明，以免着几笔钱被误以为你的海外收入。

shuangchao

原帖由 jiama621 于 2011-3-9 16:04 发表


ＹＥＳ
ＢＳ上所有应该有的项目都做进去了．

忘了说了，给公司的会计看了，研究了一会儿，说没有发现问题，不知道为什么平不了．后来以太忙为理由给拒绝了．．

sorry i missed your reply. do you want me to have a look then?

IceCreamz

Hi David,
Is novated lease advantageous compared to travel allowance?
Currently, I am on travel allowance of 15k per annum (tax-free).  I will lose this privilege if I proceed with novated lease.
Personally, I think I may be worse off since I am in the 40 per cent marginal tax bracket.  However, I am unsure.  Could you please advise?
Thanks.

shuangchao

原帖由 IceCreamz 于 2011-3-17 14 begin_of_the_skype_highlighting              2011-3-17 14      end_of_the_skype_highlighting:07 发表
Hi David,
Is novated lease advantageous compared to travel allowance?
Currently, I am on travel allowance of 15k per annum (tax-free).  I will lose this privilege if I proceed with novated lease.
Per ...

how can your travel allownce be tax free? you may have the wrong understanding about travel allowance. anyway, 15k is significant amount, without having more information for comparison, i can't say for certain. however, chances are 15k travel allowance will be more advantageous for you financially.

happydog

Hi david,
我想问下，我在一个公司做IT contractor，想用自己的ABN去做sole trader跟中介签合同，这种情况下可以不用交super吗？谢谢

shuangchao

原帖由 happydog 于 2011-3-19 09 begin_of_the_skype_highlighting              2011-3-19 09      end_of_the_skype_highlighting:09 发表
Hi david,
我想问下，我在一个公司做IT contractor，想用自己的ABN去做sole trader跟中介签合同，这种情况下可以不用交super吗？谢谢

可以

happydog

原帖由 shuangchao 于 2011-3-19 13:22 发表


可以

谢谢，我想问下，如果这样通过ABN做sole trader，税务上是不是还有什么small business的优势呢？谢谢

culimuch

Hi David would you be so kind to give me some tips on the following question?

Company B has been incorporated by Company A for more than 2 years. As neither owner has made any agreement (in written) at the first place re allocating profit/loss/etc, now pre-owner of company B would like to withdraw all the profit generated by its own part. What would you suggest in this situation? Thanks.

[ 本帖最后由 culimuch 于 2011-3-21 12:00 编辑 ]

shuangchao

原帖由 happydog 于 2011-3-19 17 begin_of_the_skype_highlighting              2011-3-19 17      end_of_the_skype_highlighting:40 发表

谢谢，我想问下，如果这样通过ABN做sole trader，税务上是不是还有什么small business的优势呢？谢谢

No, as i said many times before, ABN does not automatically give tax payer any tax advantage. for most IT contractors, they are not actually running a business, they use ABN as a form of arrangement with their employer. they are still EMPLOYEE IN NATURE. same tax rules applies to them as any other full time/part time employee on PAYGW.

unfortunately, if there is indeed legal tax advantages. everyone in the country would choose to be contractors as ABN can be obtained free in under 3 minutes.

i recommend that you have a read of the PSI rules (available on the ATO website), if you can prove that you are independent contractors (not employee in nature). yes, there will be advantages.

happydog

原帖由 shuangchao 于 2011-3-19 22:48 发表


No, as i said many times before, ABN does not automatically give tax payer any tax advantage. for most IT contractors, they are not actually running a business, they use ABN as a form of arrangement ...

多谢楼主热心的回答，真是醍醐灌顶啊
关于PSI, 我上ATO网查了下：http://www.ato.gov.au/businesses ... ontent/00162439.htm
因为我是IT programmer, 好像确实more than 50% of the income received is for your skills, knowledge, expertise or efforts，因为我好像没啥material，都是脑力在编程，这样的情况是PSI吗？会有tax优势吗？再次表示感谢
btw,请问楼主在哪？不知能否请你帮做年底退税吗？

shuangchao

原帖由 happydog 于 2011-3-20 08 begin_of_the_skype_highlighting              2011-3-20 08      end_of_the_skype_highlighting:43 发表

多谢楼主热心的回答，真是醍醐灌顶啊
关于PSI, 我上ATO网查了下：http://www.ato.gov.au/businesses ... ontent/00162439.htm
因为我是IT programmer, 好像确实more than 50% of the income received is  ...

Yes, you are receiving PSI, the next step is to verify if you are caught under the PSI rules (if you are, then in simple terms, you tax treatment is no different from any employee's treatment), most IT contractors are captured by the PSI rules as they cannot demonstrate that they actually run a 'BUSINESS'.

shuangchao

IceCreamz

Hi David,
Thanks for your answer re: the car allowance.  It's "tax-free" as my employer does not withhold tax on the allowance.
I need your advice on super.  My friend is almost approaching his concessional contribution cap of $25k.  What's your advice to stay under the limit? Needless to say, he is a high-net worth individual.
Thanks.

了然在心

Sole Trader 小生意，刚注册了GST，准备马上买个车挂在我个人名下而不是trading name名下，预计有60%会用于生意用途。以前年终报税时，生意用车花费我选择了最简单的每公里74cents的方式，即使用车里程超过5000KM，如果我今年仍采用这种方式报车的花费，请问我可在买车的季度claim购车车钱的GST吗？可以每季度claim跟车花销有关的GST吗？比如保险、油费、维修等的GST？

shuangchao

原帖由 了然在心 于 2011-3-29 23:44 发表
Sole Trader 小生意，刚注册了GST，准备马上买个车挂在我个人名下而不是trading name名下，预计有60%会用于生意用途。以前年终报税时，生意用车花费我选择了最简单的每公里74cents的方式，即使用车里程超过5000KM，如果我今年仍 ...

用5000km方式报税不会影响你依靠60%生意用途来报GST。不过你需要保留一个logbook来证明你报的生意用途百分比。
as long as you kept proper records, you can then claim 60% GST relating to business usage on items such as GST on cost of car, petrol, r&m, rego, insurance. etc.

了然在心

原帖由 shuangchao 于 2011-3-30 11:13 发表


用5000km方式报税不会影响你依靠60%生意用途来报GST。不过你需要保留一个logbook来证明你报的生意用途百分比。
as long as you kept proper records, you can then claim 60% GST relating to business usage on i ...

谢谢david，麻烦再看一下
1、问题是我嫌每次填LOGBOOK麻烦，而且根据我的用车情况，用这种方式也比最多报5000KM的方式多不了多少，为简单起见以前即使生意用车远超5000KM我也就报5000KM。但现在注册了GST，像我这样如果没有填LOGbook是不是就不能claim 相关GST了呢？
2、或者举个例子，我一年用车12000KM，生意用车大概7000KM，我选择最多报5000KM的方式来报用车花费，我可以按我报的5000/12000即41%来claim GST吗？

shuangchao

原帖由 了然在心 于 2011-3-31 20:38 发表


谢谢david，麻烦再看一下
1、问题是我嫌每次填LOGBOOK麻烦，而且根据我的用车情况，用这种方式也比最多报5000KM的方式多不了多少，为简单起见以前即使生意用车远超5000KM我也就报5000KM。但现在注册了GST，像我这样如果没有 ...

并不是说人人都可以直接报5000公里的，5000公里本身也需要你保留记录和证据来证明的，也就说从个人所得税的角度，如果你没有保留一个logbook，你可以用5000公里的方式来退税，但是你至少要有一个简单的记录来证明你确实有开超过5000公里一年， 从gst 的角度说，如果你要报40%，60%，甚至100%，你更加需要保留里程数记录来证明你的商业用途，一本13周的logbook可以连续使用4年，只要车的使用性质没有大的改变。总而言之，你不能用5000公里来推算你的gst百分比，如果你没有任何记录的话。

了然在心

原帖由 shuangchao 于 2011-4-2 08:36 发表


并不是说人人都可以直接报5000公里的，5000公里本身也需要你保留记录和证据来证明的，也就说从个人所得税的角度，如果你没有保留一个logbook，你可以用5000公里的方式来退税，但是你至少要有一个简单的记录来证明你确实有开 ...

谢谢david。再来个小白问题，所谓LOGBOOK,自己拿个本子记录一下行车时间里程地点可以吗？需要有人证明什么的吗？

另外，我GST生效是4月1日开始，但有些客户都是每月发一次INVOICE，就是说有些生意发生在3月，我4月才给客户开INVOICE，能Charge客户GST吗？

小白问题多多，实在麻烦了！

shuangchao

原帖由 了然在心 于 2011-4-3 12:49 发表




谢谢david。再来个小白问题，所谓LOGBOOK,自己拿个本子记录一下行车时间里程地点可以吗？需要有人证明什么的吗？

另外，我GST生效是4月1日开始，但有些客户都是每月发一次INVOICE，就是说有些生意发生在3月，我4月才给客户开INVOICE，能Charge客户GST吗？

小白问题多多，实在麻烦了！

1. yes,it should include date, travel to and from, km travelled and purpose of trip.
2. Yes, you can charge GST.

rq19861228

Thanks mate!
My husband use Pty Ltd company to sign the contract. He has $400 per day, the agent will pay the money fortnightly plus 10% GST. There is $8 agent fees each day. And then my husband pay himself salary monthly. How to caculate the tax for company? I've made the caculation, can u pls have a look to see if it's correct or not? thank you!

Assume that there are 48 weeks a year, 6 weeks are holidays, so I use 42 weeks in the caculation. And we pay $5000 salary a month.

Total income per year including GST: ($400-8)*(1+10%)*10 days*21 weeks = $90552 per year;
Total GST = 90552*10% = 9055.2 per year；
Super = 90552*9% = $8149.68
Salary = 5000*12 = $60000;
Withdraw tax for salary = 1027*12 = $12324;(according the tax table of ATO)
Net income before tax = 90552-9055.2-8149.68-60000-12324 = $1023.12；
Company tax payment = 1023.12*30% = $306.936;
Total tax payment = $12324 + $ 306.936 = $12630.936

Is this right? How to make sure that the amount of salary can make the tax lowest?

Thank you so much, waiting for ur reply.

lee2267

原帖由 JeffShen 于 2009-2-23 22 begin_of_the_skype_highlighting              2009-2-23 22      end_of_the_skype_highlighting:16 发表


why not? as the bank charge such as monthly accounting fee (eg commonwealth bank charge $4 per month for streamline and net saving bank a/c),is relevant and nexus to the interest income you earned.  ...

if it is business account,.of course, it can be deducted ..if it is individual non business account,. no deduction apply..

lee2267

原帖由 shuangchao 于 2009-4-7 15:57 发表


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

that was cheap.. our firm charge 1025aud..

shuangchao

原帖由 rq19861228 于 2011-4-5 17:24 发表
Thanks mate!
My husband use Pty Ltd company to sign the contract. He has $400 per day, the agent will pay the money fortnightly plus 10% GST. There is $8 agent fees each day. And then my husband pay h ...

Hi, i assume your husband works in the IT industry, the first thing you need to find out is if your husband is caught under the PSI rule. it is highly possible that he is, this means,
all the profit needs to go to your husband, the company can not retain any profit.
therefore when you have a profit of $90552 for the year
its equivalent to wages of $83075 and super of 7477
wages of $83075 will have tax payable of $20265 (not account for medicare surcharge)
the above wages & paygw amount will be declared on your quarterly basis
as a result of paying wages and super, NIL profit is left in the company.

rq19861228

Thank you David.
But what if the company sighed the contract of a project with another company, and my husband is the key person. Can we assume that all the revenue is the profit of the company? And then my husband is the employee of the company. In that case, how to caculate the tax and salary payable can make the minimum tax payment?