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

shuangchao

原帖由 rq19861228 于 2011-4-7 11:13 发表
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  ...

unfortunately that's not how it works, let me ask you three very simple question

1. does your husband receive regular income? (based on the info you gave so far, the answer to this is YES)
2. does your husband work under the direction of the other company, e.g. 9am - 5pm, work in third pary office
3. will your husband do anything different in terms of the nature of his work if he is an employee of the other employee?

if you answer to the above three is all yes, he will most likely be caught under what we call PSI rules, which means, as i said before, all profit needs to go to him, no profit is to be retained under the company.

the idea behind all this is that when someone gets paid through companies or trust or whatever structure, but they still work like an employee (not running a business), thus they shouldn't be able to report their tax any different from other people on salaries. otherwise, you'll find that almost everyone who earns average above income will like to be operating through companies, and i will be rich and i can charge alot more for every tax returns. unfortunately that's not the case.

icac

hi I have a friend his name is Danney， he opens a dancing school and receives fees in advance for lessons. If pupils do not complete their lessons they receive a full refund. At the end of this financial year Danny has $23,750 in fee income, of which $1,500 relates to outstanding dance lessons. What income has he derived?

了然在心

原帖由 shuangchao 于 2011-4-5 14:47 发表


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

谢谢专家。再问一下关于gst charge的时间（我们注册gst 生效是4月1日，cash basis的），到底应该是看sales完成的时间，还是issue invoice的时间，还是客户付款的时间啊？
回到第二个问题，答案是we can charge gst or we must charge gst? 如果4月1号之后已经发了一些Invoice, 是针对4月1号完成的sales，而客户是4月1号之后付款（没付gst），这种情况，我们要自己掏这部分gst吗？还是要跟客户说取消之前没有包括gst的invoice？重新发一遍invoice呢？

再或者说，3月份发的invoice，一定没有charge gst的，但客户拖到4月才付款（当然也没付gst），这种情况要我们自己掏gst吗？

shuangchao

原帖由 icac 于 2011-4-7 16:20 发表
hi I have a friend his name is Danney， he opens a dancing school and receives fees in advance for lessons. If pupils do not complete their lessons they receive a full refund. At the end of this financi ...

this sound so much like a text book question, well, if the fees are fully refundable until pupils complete their lessons, then i believe danney received 23750, but only derived income of 23750 - 1500, the 1500 is unearned revenue.

rq19861228

谢谢，David，我了解你的意思了。还有一个小白问题，查了ATO的网站，http://www.ato.gov.au/businesses ... p=&st=&cy=1
普通的company，profit 的税率是都按照30%来计算吗？还是另有区分？

shuangchao

原帖由 rq19861228 于 2011-4-8 12:20 发表
谢谢，David，我了解你的意思了。还有一个小白问题，查了ATO的网站，http://www.ato.gov.au/businesses ... p=&st=&cy=1
普通的company，profit 的税率是都按照30%来计算吗？还是另有区分？

yes, that's correct. 30% on taxable profit.

shuangchao

原帖由 了然在心 于 2011-4-7 16:25 发表

谢谢专家。再问一下关于gst charge的时间（我们注册gst 生效是4月1日，cash basis的），到底应该是看sales完成的时间，还是issue invoice的时间，还是客户付款的时间啊？
回到第二个问题，答案是we can charge gst or we must charg ...

1. 客户付款的时间
2. you must charge GST, however, only apply to invoices after registration 1st april. there is no gst payable on income received for invoice issued before 1st apirl
3. No

颓废的败家子

  做我mentor好么~~???

yhcve

我们买了一个CLEAN的生意，然后需要注册ABN，是用我的名字注册。
当然会发生一些相关的费用，例如车子使用，工具等。请问：
1、车子是我先生的名字，这样可以申报抵扣吗？
2、所有买工具发票上一定要有我的名字和ABN吗？

谢谢

mahdi

你好，想请教一下：
我老婆在和我结婚之前，也就是五年前买了个房自住，当时只贷款10万。 之后我们一直住在这个房里，房子一直在她名下，贷款基本还清，目前价值30万。今年我们又和买了一栋房，花了45W. 请教她能否将之前的房REFINANCE,变成投资房，享有NEGATIVE GEARING。 银行是愿意给她开一个30万投资LOAN, INTEREST ONLY. 然后我们想用这个LOAN去REDUCE我们自己的HOME LOAN. 但是这样做可行吗?税务局是不是只承认当初的10万的利息才能DEDUCTIBLE呢。那这样最后有可能变成POSITIVE GEARING, 税务上似乎没有好处。如果这样是不是最好就卖掉，再从新买一个投资房。 但一买一卖其实也损失很多钱。她去年有一笔一万的CAPITAL LOSS，暂时搁置着。 我收入很低，请问有什么建议吗。是卖还是出租呢。

shuangchao

原帖由 yhcve 于 2011-4-11 14:51 发表
我们买了一个CLEAN的生意，然后需要注册ABN，是用我的名字注册。
当然会发生一些相关的费用，例如车子使用，工具等。请问：
1、车子是我先生的名字，这样可以申报抵扣吗？
2、所有买工具发票上一定要有我的名字和ABN吗？

谢谢

1. 可以，但是只能报和生意有关部分，并确定不要重复报
2. 不一定，for example. bunning receipt will not have your name on it nor your ABN.

jiama621

请问DAVID,
地产开发商的支出应该要怎么设置和记录呢？

比如，发生了一笔50W的CONSTRUCTION费用，一笔20W的设计费用，一笔10W的ENGINEERING费。
我自己是记的：DR：JOB COST - CONSTRUCTION 50W
                         - DESIGN 20W
                         - ENGINEERING 10W
               CR： BANK

不知道这样对不对。
这些费用发生的时候应该是算到COGS吧？那么到年尾的时候怎样调整才能够调到ASSET的WIP里面去呢？

我有点晕了。。我个好像跟平时做的TRADING COMPANY的INVENTORY设置有点不一样是吗？

shuangchao

原帖由 mahdi 于 2011-4-11 20:47 发表
你好，想请教一下：
我老婆在和我结婚之前，也就是五年前买了个房自住，当时只贷款10万。 之后我们一直住在这个房里，房子一直在她名下，贷款基本还清，目前价值30万。今年我们又和买了一栋房，花了45W. 请教她能否将之前的房REFINAN ...

yes, this will be a positively geared property, unfortunately your income is very low, otherwise i will suggest that you take out a loan to purchase the property off your wife, hence reset the property into negatively geared property again. you can consider selling the property, put the proceed into your new house, then borrow to buy a new investment under your wife's name, however, that will be a last resort.

legally, there are still other ways, i'd recommend you talk to accountant face to face. you are not going to get a detailed answer online.

shuangchao

原帖由 jiama621 于 2011-4-13 15:35 发表
请问DAVID,
地产开发商的支出应该要怎么设置和记录呢？

比如，发生了一笔50W的CONSTRUCTION费用，一笔20W的设计费用，一笔10W的ENGINEERING费。
我自己是记的：DR：JOB COST - CONSTRUCTION 50W
                         - DES ...

hmmmm, since you work for property developer, i believe treating these properties in development as trading stock are correct. which means, your Drs & Crs are correct, however, when it comes to accounting for stock on hand at year end, can be tricky especially for multiple developments. you may have to set up subaccounts for each development to better account for closing stock at year end. i am happy to discuss further in relation to this matter.

jiama621

原帖由 shuangchao 于 2011-4-14 14:08 发表


hmmmm, since you work for property developer, i believe treating these properties in development as trading stock are correct. which means, your Drs & Crs are correct, however, when it comes to acco ...

Thanks for your comments, David

因为到年底的时候我们的项目还没有完工，所以我觉得可能放在COGS是不是有点不合适？
或者在发生这些费用的时候直接记入：DR STOCK ON HAND
                                CR BANK
这样呢？

fztt

请问您，从home loan里拿5万买股票，当年有分红收益，那5万的利息可以抵税吗？

jiama621

我把隔壁贴子搬过来问问DAVID，
“ 給員工$2500 gift card, 要付FBT.  付 $2500*2.0647*46.5%=$2400 FBT， 哪么哪些费用是TAX DEDUCTIBLE的“

现在有三个答案：
1。 4900都可以TAX DEDUCTIBLE
2。 ONLY 2500 PAID FOR GIFT CARD IS TAX DEDUCTIBLE
3。 ONLY THE 2400 FBT IS TAX DEDUCTIBLE

你觉得哪种答案是正确的呢？我个人认为是第一个。

谢谢

Rustybaby

David,麻烦请教，现在公司有现金流问题，作为老板决定从去年十二月起，停止支付工资，但作为应付工资形式作为Loan放在公司账上，是否可行？

shuangchao

原帖由 jiama621 于 2011-4-14 16:41 发表


Thanks for your comments, David

因为到年底的时候我们的项目还没有完工，所以我觉得可能放在COGS是不是有点不合适？
或者在发生这些费用的时候直接记入：DR STOCK ON HAND
                                CR BANK
这样呢？

keep in mind, you may always

Dr Construction costs (COGS account)
Cr BANK

CR Closing stock (for incomplete/unsold property costs)
Dr stock on hand.

there different ways of presenting the accounts, but ultimately they should all mean the same thing.

shuangchao

原帖由 jiama621 于 2011-4-14 17:04 发表
我把隔壁贴子搬过来问问DAVID，
“ 給員工$2500 gift card, 要付FBT.  付 $2500*2.0647*46.5%=$2400 FBT， 哪么哪些费用是TAX DEDUCTIBLE的“

现在有三个答案：
1。 4900都可以TAX DEDUCTIBLE
2。 ONLY 2500 PAID FOR GIF ...

1.

shuangchao

原帖由 fztt 于 2011-4-14 16:48 发表
请问您，从home loan里拿5万买股票，当年有分红收益，那5万的利息可以抵税吗？

yes, when you borrow to invest, interest on loan used to invest in shares falls under interest & dividend deduction D8. if you are an individual.

shuangchao

原帖由 Rustybaby 于 2011-4-14 21:34 发表
David,麻烦请教，现在公司有现金流问题，作为老板决定从去年十二月起，停止支付工资，但作为应付工资形式作为Loan放在公司账上，是否可行？

可行

Rustybaby

谢谢，回复这么快，那么每月是否还应作工资，那些欠的工资的税应该社么时候交？

mahdi

请问把自住房变成投资房有什么手续吗。 另外中介给我们估价是一个RANGE，没有给一个确切数字。这样的话以后卖的时候怎么算CAPITAL GAIN呢。还是一定要请一个独立的估价师来估呢。 谢谢。

cg8180

jiama621

原帖由 shuangchao 于 2011-4-14 21:43 发表


keep in mind, you may always

Dr Construction costs (COGS account)
Cr BANK

CR Closing stock (for incomplete/unsold property costs)
Dr stock on hand.

there different ways of presenting the accounts ...

Thank you..

fztt

原帖由 shuangchao 于 2011-4-14 21:45 发表


yes, when you borrow to invest, interest on loan used to invest in shares falls under interest & dividend deduction D8. if you are an individual.

谢谢您的答复。我不明白的一点是，既然从home loan里拿钱出来投资股票可以抵税，为什么从home loan里拿钱付投资房的首付款，就不可以抵税呢？比如我的投资房贷款80%，另外20%是从home loan里redraw的，但ATO只认可那80%的利息。

shuangchao

原帖由 Rustybaby 于 2011-4-14 21:52 发表
谢谢，回复这么快，那么每月是否还应作工资，那些欠的工资的税应该社么时候交？

应否作工资由公司和个人税务情况决定，for example, if the company is not running at a profit, then there is no tax benefit to continue to paying yourself a salary and get taxed under your name.
那些欠的工资的税应该社么时候交？- can be treated as ongoing loan from you to the company, its not always necessary to physically pay yourself.

shuangchao

原帖由 mahdi 于 2011-4-14 21:53 发表
请问把自住房变成投资房有什么手续吗。 另外中介给我们估价是一个RANGE，没有给一个确切数字。这样的话以后卖的时候怎么算CAPITAL GAIN呢。还是一定要请一个独立的估价师来估呢。 谢谢。

没有特别的手续，会计师可以用自住时间vs投资时间来计算
e.g. the property was principle residence for 5 years, then investment for 5 years, total gain for 10 years is $10, taxable income is $10 / 2 / 2 = 2.5 (half for capital gain concession, half for 50% principle)

shuangchao

原帖由 fztt 于 2011-4-15 10:10 发表

谢谢您的答复。我不明白的一点是，既然从home loan里拿钱出来投资股票可以抵税，为什么从home loan里拿钱付投资房的首付款，就不可以抵税呢？比如我的投资房贷款80%，另外20%是从home loan里redraw的，但ATO只认可那80%的利息。

谁说的？