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When you have your own limited company and you contract via this you’ll pay contractors tax in 2 various forms – one will be accumulated using your company along with the other will be collected personally. The amount is frequently dependant upon the IR35 status of your contract – this item of tax legislation which …
The reduction in marginal tax rates and the increase in the threshold for the top marginal tax rate in recent years have impacted on the benefits of salary sacrificing certain items. However, salary packaging can still be tax effective for employees and can be a relatively simple way for employers to help attract and retain …
As an investor or business owner one of the key players in your team will be your accountant. Structuring your business, growing your business during it’s lifecycle and tax planning has become highly complex. The question that is often asked is how do I choose the right accountant for my business. If your business is …
The Offshore Voluntary Disclosure initiative closed on 30 June 2010. While you are no longer able to take advantage of this intiative, you can still make a voluntary disclosure of your offshore income by providing details to allow the ATO to amend your income tax returns. The ATO has indicated that they will be increasing …