Webinar: EOY Business Activity Statement & Legislation Update EOY BAS Legislation Update.pdf · •Asset Legislation Changes • Purchased after 7.30pm 12 May 2015 & Installed ready

Institute of Certified Bookkeepers Making you Count

Webinar: EOY Business Activity Statement & Legislation Update

ICB Technical Webinar Series 23rd June 2015

& 25th June 2015


Your presenters

Deborah Thompson Chris McComb


How the presentation works

• IF YOU CANNOT HEAR ME !! CHECK YOUR PC SOUND

• Sound will be through your computer’s

speakers You should be able to hear me now????? If NOT please check your sound is on

• During the presentation we will mute

This avoids background noise

Asking questions via chat facility on your Control Panel

Agenda GST Compliance

BAS Checklist & Reconciliations

Last BAS for Financial Year

Prepare Last BAS

BAS Lodgement

Additional Annual Reports

TPAR

Legislation Update

BAS Preparation Steps

PresenterPresentation Notes

GST Compliance Review

PresenterPresentation NotesIf the turnover exceeds $500k for the past quarter then review reporting method

• A business turnover:

$ 1,965,002

• Does it have to change reporting methods?


Aggregated turnover test is satisfied if: •It was less than $2million in the previous income year, or

•Is actually less than $2 million in the current income year

•Is estimated to be less than $2 million in the current income year- provided that previous 2 years income also < $2 mill


• Speak with Accountant • Change only takes effect from the first day of the tax

period • Normally BAS are totally, correctly changed in one

BAS • Include in calculations;

Debtors not previously accounted for All Sales whether receipted or not Creditors not previously claimed All purchases including unpaid Sales/Purchases part paid – account for remaining

balance

GST compliance review – Cash to Accrual

Compliance – Valid Suppliers ABN

• Confirm new suppliers ABN/GST status

• ATO has advised a business: MUST KNOW that their supplier is using a legitimate ABN & is

entitled to charge GST

• ATO’s Audit Teams have been disallowing Input Tax Credits where supplier ABN’s are not valid

• ATO have indicated the Agent must apply reasonable care in checking the status of the ABN

BAS Checklist

BAS Preparation Checklist

CAN YOU IDENTIFY EVERYTHING ON THIS BALANCE SHEET? 1.Are Bank Accounts Reconciled 2.Are USD Bank/Debtors/Creditors correctly valued? 3.Do we know who the Bond is with? 4.Have we reconciled prepayments 5.Has a stocktake been done? 6.Can we identify new assets & supply Accountant with detail

CAN YOU IDENTIFY EVERYTHING ON THIS BALANCE SHEET? 1.Are Foreign Creditors correctly valued? 2.Have we reconciled the PAYGW payable & Super liability? 3.Have we updated the entitlement provisions? 4.Have we reconciled the GST 5.Have we looked at Customer Deposits, Gift Vouchers, receipt of goods? 6.Have we reviewed the Directors Loan 7.Have we reviewed the loans

Reconciliations

Reconcile Bank & Clearing Acc’s • Asset Bank/Clearing

Accounts Cheque Accounts Business Online Savings Cash Till EFTPOS Clearing Diners Clearing/AMEX

Clearing PayPal Bank Account Forex Clearing (Foreign

Currency) Petty Cash Point of Sale Accounts

• Liability Credit/Clearing Accounts Credit Cards Loan Accounts Directors Drawings Inter-entity Loan

Accounts Customer Deposits or

Advance Deposits Gift Vouchers Lay By

PresenterPresentation NotesBank feedsContra Foreign currency Bad debtsEbay paypal

GST and Sales Sales/Receivables

• Unpaid Customer Invoices, are they Bad Debts?

• Ensure existing customer credit notes & returns –allocated

• All Cash sales included in data file

• Prove Customers deposits against Sales Order

• Is there ‘Point of Sale’ software that needs to be reconciled?

• If so Reconcile the Control Accounts associated

• Check Debtors Report /GL Debtors Ac

GST and Purchases/Expenses

Purchases/Payables

• Review unpaid Supplier Bills, especially disputed invoices

• Review existing Supplier debit notes & returns – adjusted as appropriate

• Check all Cash Expenses are included

• Check payments have been entered correctly otherwise expenses can be doubled

• Check Creditors Report against GL Creditors Ac

GST and Purchases/Expenses •Purchases of Assets:

• Confirm if new Assets have been purchased

• Ask to review actual invoices

• Check with Accountant/Client which GL Accounts to be used

•Asset Legislation Changes • Purchased after 7.30pm 12 May 2015 & Installed

ready for use prior to 30/06/17 • Immediate asset write-off $20,000 ex GST per item

for small business • Asset pools < $20,000 can be written off immediately

– irrespective of age

GST and Selling Assets •Selling of Assets:

• Confirm if Assets have been SOLD

• Ask to see actual invoices

• Common error is not recording the sale of business assets – especially if trade-in involved

• Report Sale in G1 and 1A of BAS

• Create a ‘Special GST code’ for easy identification e.g. SAG (Special Adjustment GST)

20/12/14 Details

Account Name Account Type

Debit Credit Tax Code

New Ute $51,500 inc $4,400 GST

Motor Vehicle at Cost Asset $48,400. CAP

New UTE (GST free)

Motor Vehicle at Cost Asset $3,100. CFR

Chattel Mortgage ANZ Chattel Mortgage Liability $28,000 N-T

Sale of old Ute $23500. inc $2136.36 GST

Sale of Asset Other Income

$23,500 SAG

Totals $51,500. $51,500.

General GST Petty Cash

Have petty cash expenses been apportioned correctly – GST & Free

Are there receipts or diary notes for petty cash expenses

Review expenses that traditionally have stamp duty as part of the expense – make sure GST is correct

Insurance

Hire of Equipment

Motor Vehicle Registration

Private Expenses & GST This can be accountants area – but you do need to identify

private expenses to accountant?

• The ATO allows a ‘once a year’ adjustment to reduce the GST claimed for private expenses.

• If you have $1100 of private expenses, then reduce your next GST claim by $1100/11 = $100.

• You do not have to inform the ATO, just keep the records.

Journal Entries Date Type Account DR CR 30/6/15 Expense Motor Vehicle Expense $1000.00

Liability Directors Loan $1100.00 Liability GST Paid (GST already claimed) $100.00 Ref: Private Usage

PresenterPresentation NotesThe tax agent may have included an adjustment in last years final tax returns for disallowing private expenses – has the GST adjustment been made? It is absolutely acceptable to claim all GST on all taxable purchases for a business or enterprise during the year, if turnover is less than $2m, even if a portion of the expenses are for private use.

PAYG Withholding Reconciliation

Reconcile PAYGW Matching Payroll Reports to appropriate Balance

Sheet & Profit/Loss Accounts 1. Reconcile YTD Wages to Profit & Loss 2. Reconcile YTD PAYGW –

W2 = Liability Account 3. Reconcile Payroll Gross Wages Less Salary

Sacrifice = W1 4. Reconcile Outstanding PAYGW Liability

equals unpaid PAYGW for last BAS

BAS Period

Report to ATO W1

Data file Wages Bal

Report to ATO W2

Data File PAYGW

Sep13 18,653 18,653.86

4,792 4,792

Dec13 13,178 13,178.54

3,417 3,417

Mar14 13,271 13,271.73

3,445 3,445

Jun14 20,504 25,000.02 6433 6433

Totals 64,604 70,104.15 18,087 18,087

SS -5.500

Bal 64,604.15

Take the opportunity to fix errors/adjustments on June BAS

GST Reconciliation

GST Reconciliation June BAS • GST Accrual:

GST Collected balance on Balance Sheet = GST Collected on Report.

GST Paid balance on Balance Sheet = GST Paid on Report

• GST Cash: GST Paid on Report = GST Paid on

Balance Sheet plus GST on outstanding Creditors

GST Collected on Report = GST Collected on Balance Sheet plus GST or outstanding Debtors

GST Cash Reconciliation June BAS

General Ledger Summary of GST Accounts

GST Collected Amount GST Paid Amount

Trade Debtors tax 846.96 Trade Creditors tax 45.45

GST Collected 977.38 GST Paid 521.84

Total $1824.34 Total $567.29

GL Accounts $1822.50 GL Account $567.30

Diff 1.84 Diff .01

GST Report for June Quarter

End Bal


Last BAS for Financial Year

Review Previous BAS Review reports on previous BAS

were BAS/IAS lodged correctly? Possible Transposing error on

forms &/or ATO payment transaction was rounding accounted for?

Changed transactions in previous periods not picked up & adjusted/corrected in subsequent BAS

periods Check whether Accountants journals have been

entered &/or incorrectly allocated Check for incorrectly linked accounts. Check for altered linked accounts

especially partway through a reporting period (check audit trails, if available, for changes)

Last BAS Reconciliation • Check the lodged returns for each quarter

against the appropriate GST Activity report in your system EITHER the cash or accrual report (depending

upon your registration)

• If they agree : Prepare the June BAS

BAS Reconciliation

BAS Reconciliation Summary

Information on Business Activity Statements

PeriodGSTPAYGATO Payments

CollectedPaidWithholdingsInstallmentActualMYOB at 30/6/7

Jul

Aug

Sep - Q1

Oct

Nov

Dec - Q2

Jan

Feb

Mar - Q3

Apr

May

Jun - Q4

TOTAL$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0

Variance:$ - 0

PeriodBAS LodgedCurrent ReportingDifference

CollectedPaidCollectedPaidCollectedPaid

Q1

Q2

Q3

TOTAL$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0

&L[Path]&F

Payment Summary Reconciliatio

Group Certificate Reconciliation - 2007

Payroll Activity Summary 1/7/6 to 30/6/7Group Certificate DetailVariance

Gross WagesPAYG WithheldGross WagesPAYG WithheldGross WagesPAYG Withheld

Employee

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0

$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0

Variance to BAS Reconciliations:$ - 0

(this should return $0)

&L&Z&F

Sheet3

Last BAS Reconciliation

• If any or all do not agree, compare the current GST detail report with that printed at the time of the BAS preparation to find the difference

Correct the mistake on the JUNE BAS if it is:

• a GST Error within the correction time & value limits

Last BAS Reconciliation

Common Mistakes with BAS Prepare 1. Double Dipping GST – be careful not

to claim GST on an Asset twice – when you initially purchase & then on monthly payments

2. Incorrect tax codes on your Accounts List

3. Inappropriate claiming of GST against some expenses e.g. Bank Fees, ASIC, Interest & Director drawings

4. Incorrectly claiming GST on basic food consumption

5. Including Wages & Superannuation in G11 as a purchase

6.Missing Cash Sales & Purchases on the BAS

7.Claiming GST on private purchases

8.Make sure Capital Asset Purchase are correctly coded & input into G10

9.Make sure Sale of Capital Assets are correctly coded & included in G1

10.Claiming GST on items purchased from suppliers not registered for GST

What are the value & time limits?

• Credit Error Time Limits—you have four years, in which to correct the credit error

• If the correction falls outside of these limits, then revise the original BAS – Require Authority from Business Owner

PresenterPresentation NotesREFER TO PAGE 82

Prepare Last BAS

Prepare GST - What to include?

G1 Total Sales

G2 – Export Sales Include: •Export Sales •Export Consulting •Overseas Commission received G3 – Other GST Free Sales Include: •Most basic food •Health & Education Services •Certain Childcare services

Prepare GST–What to include? G10 – Capital Acquisitions •Capital purchases of land & buildings, furniture, cars machinery, office equipment, computers & other G11 – Non-Capital Acquisitions •All other non-capital purchases •Equipment Rentals •Leases

PAYGW – What to include? W1 – Total salary, wages and other payments •Salary, wages, allowances, leave loading paid to employees •Directors fees •Salary & allowances paid to office holders •Payments made to hire workers under a labour hire arrangement •Employment Termination Payments (ETP) •Payment for unused annual or long service leave •Payments to religious practitioners •Superannuation (super) income stream •Super lump sum •Commonwealth education & training payments •include ALL payments subject to withholding even if tax was not withheld as below threshold. Payments NOT to include in W1 are: •Amounts subject to salary sacrifice arrangements •Super contributions •Departing Australia superannuation payments •Payments included in W3 or W4

Fuel Tax on BAS

PresenterPresentation NotesThere are two areas on the BAS that you can use.7D – claim FTC and any adjustments/corrections that increase the claim.

7C–add any adjustments that the FTC claimed. E.g. you may realise you have made an over claim in previous periods

• Business must be registered for both GST & Fuel Tax Credit prior to making a claim

• Register for Fuel Tax Credit via business or BAS Portal

• Once you have registered the FTC fields of 7C - 7D become available on the BAS

Fuel Tax on BAS

Fuel Tax Credit

Client has a delivery truck – Truck is 4.5 tonne GVM purchased prior to 1/6/2006 is eligible for FTC ‘fuel used in a heavy vehicle FOR travelling on a public road’ 1st Quarter 2014 570 litres was purchased and used The ATO fuel tax calculator was used to calculate the FTC to claim

Recognise FTC Account

Debit Credit Tax Code

Fuel Tax Income $ 68.00 N-T

FYC Liability Account $68.00 N-T

Fringe Benefit Tax – What to include?

F1 – FBT amount - ATO provided instalment amount Varied FBT Amount Warning: A penalty is incurred if the varied amount is under 90% of the actual FBT Liability therefore seek Accountants Advice before varying F2 – Estimated FBT amount for the year F3 – Varied FBT amount payable F4 – Reason for variation

Prepare PAYG Instalment • Option #2

T1 Define the Business Income for the period & multiply by the notational rate provided by the ATO

T2 rate provided by ATO T3 New Varied rate_______% T4 reasons to vary rate

PAYGI: What’s included – Option 2 T1 – Total Income Income to Include:- •All sales/Income •Insurance Refund •Interest Income •Commercial Rental Income •Residential Rental Income •Royalties •Your portion of partnership or trust income •Paid Parental Leave Centre Link payment •Overseas commission •Fuel Tax Credits

Income NOT to include • Franked Dividends Paid • Loans Received • Capital Gains • Owners capital • Wine Equalisation or Luxury

Tax • Super Contributions

Common PAYG Instalment errors

• adjusting instalment income amounts rather than varying the instalment rate

• reporting no PAYG instalments in the first two quarters, then compensating by adding that instalment income to the final two quarters

• including only one month‘s instalment income in the activity statement rather than income for the entire quarter

• not including instalment income due to the instalment rate being 0%

• reporting net income in label T1 instead of gross income

The ATO recommend you review your PAYG instalment rate each quarter to ensure you‘re reporting correctly.

BAS Summary 1A – GST on Sales

1C – Wine Equalisation Tax

1E – Luxury Car Tax

4 – PAYG Tax Withheld

5A – PAYG Income Tax Instalment

6A – FBT Instalment

7C – Fuel Tax credits 8A – Total to be paid 1B – GST on purchases

1D – Wine Equalisation Tax Refund

1F – Luxury Car Tax Refund

5B – PAYG Income Tax Variation

6B – FBT Variation

7D – Fuel Tax Credit 8B – Total to be refunded

BAS Lodgements

BAS Lodgement • If you lodge by paper form:

it must be the actual form & not a photocopy or software print out

Make sure you don’t lodge incomplete or blank forms

Don’t include cents & symbols on forms

• If you lodge by Portal or SBR: Make sure your/clients Portal/Auskey is up-to-

date

• Make sure you have reminders for lodgement dates for yourself – plan your diary

BAS Authority Lodgment Form

Only Lodge forms electronically when

you have

CLIENTS SIGNED AUTHORITY

to do so!!!!!

Enter BAS Payment

Enter the BAS payment using the full values from GST reports & allocating the rounding amounts to a rounding accounts – usually set-up as an expense account

Payment TO ATO Account Details

Debit Credit

GST Collected $773.64

GST Paid $776.50

PAYG Withholding $1180.00

Fuel Tax Credit $ 68.00

Rounding $0.14

Total Payment from Bank $1109.00

Payment FROM ATO Account Details

Debit Credit

GST Collected $773.64

GST Paid $1776.50

PAYG Withholding $1180.00

Fuel Tax Credit $ 68.00

Rounding $0.14

Total Refund to Bank $ 109.00

• BAS Return Authority to lodge (if lodged by BAS Agent)

• Copy of BAS • GST Worksheet • GST Activity Summary/Detail Report • Payroll Activity Summary Report • Profit/Loss Statement • Worksheet setting out adjustments • BAS Completion Checklist Bookkeeper will need to keep a copy of the BAS

Completion Checklist. All other records will be in the clients BAS records.

Keep BAS Reconciliation

• 14 July - Payment Summary to employees

• 21 July – Monthly BAS to ATO

• 28 July – Quarterly BAS to ATO

• 28 July –Previous Quarter’s Super IN THE FUND

• 14 August – Payment Summaries to ATO

• 28 August – TPAR to ATO

• 31 October – No ABN withholding

• 31 October – PAYG Withholding from Interest etc

Lodgement Dates

Additional Annual Reports Check has W3 or W4 been completed on any BAS in this financial year? Then you may have additional annual reports to review and lodge? W4: Amounts withheld where no ABN is quoted W3: PAYG withhold – interest, dividends and royalties

W4-PAYG withholding where ABN not quoted (NAT 3348) annually A supplier provides an invoice without quoting an ABN. The business receiving the invoice is required to withhold 49% (being top marking rate + medicare levy) from the supplier’s payment & pay to the ATO via the BAS W3-PAYG Withholding from Interest, Royalties & Dividends paid to non-residents (NAT 7187) If you paid interest, royalties or dividends to an overseas entity (non-resident of Australia) you are required to withhold tax at a certain percent depending on type of payment. Standard Rates include:- Interest 10% Dividends 30% (not including Fully Franked Dividends) Refer to ICB PAYG Withholding Resource for complete details


Applies to businesses that don’t supply an ABN (Nat 3389) •49% of income withheld & reported to the ATO at W4 on the BAS. •Doesn’t get included in the TPAR •Should receive form, from ATO

W4:Withholding where no ABN

PresenterPresentation NotesSo relates back to the BAS you have lodged.Should receive automatically if using W4 if not need to order from the ATO.

An annual report is required for non residents receiving interest, dividends and royalties

• Tax is required to be withheld at a certain % during the year

• Standard rates including royalty is 30% • Rates can vary if a relationship between Australia and their country

(Treaty Rates).

• Cannot exceed the 30%.

• These transactions are recorded at W3 on the BAS during the year.

W3: PAYG Withholding from Interest, dividend & royalty payments – non residents

PresenterPresentation NotesExclude amounts in W2 and W4.


PresenterPresentation NotesFamiliarity of summaries - Common

Example of calculation of an $1,100 Royalty with existing treaty


Existing Treaty Country

Dividends Interest Royalties

China 15% 10% 10%

PresenterPresentation NotesUse treaty table and apply Withhold tax accordingly

Taxable Payments Annual Report

TPAR - Preparing

71

Flag

• Flag Suppliers for Taxable Payments Annual Report (TPAR) • Print supplier list • Client to highlight suppliers for TPAR • Bookkeeper to flag suppliers in software

Report

• Report supplier invoices in software for TPAR • All suppliers invoices flagged for TPAR to be included • If invoice ONLY goods, gain approval from client to remove TPAR

• Only PAID invoices to be included in TPAR at 30/6/2015

Send

• Prepare TPAR Reports and File • Print report of suppliers and YTD paid value for TPAR for review by client (you

may need to export to excel if not incl software) • Create file of TPAR and lodge via Tax or BAS Agent Portal, Client's Business

Portal or SBR Provider, eg. GovReports • ATO will not accept media of spreadsheets, disks, CD-ROMs, DVDs, or USBs

TPAR – Who must lodge?

Do I complete TPAR for client? TEST: 50% income from Building &

Construction Industry in 2014 or 2015

YES – complete TPAR for 2015

72

NilReportsTPAR@

ato.gov.au

TPAR – Previously Lodged

mailto:[email protected]:[email protected]:[email protected]:[email protected]


Legislation Update What do you need to know this EOY?

• 12 May at 730pm saw the handing down of the 2015 Federal Budget

• Items are not law until ratified by parliament

• Small Business Initiatives:- You satisfy the turnover test for the current year if your

aggregated turnover: was less than $2 million in the previous income year is estimated to be less than $2 million for the current year

(provided that your aggregated turnover was less than $2 million for one of the two previous income years), or

is actually less than $2 million at the end of the current year

Small Business Initiatives

PresenterPresentation NotesAdmin changes – accepted by ATOLaw changes – royal ascent from parliament – all of the commentary indicates we are expecting these changes to go throughCan depend upon process and how the legislation is bundled to go through the parliament

• Asset Write-off Immediate asset write-off $20,000 ex GST per item for

small business

Purchases after 7.30pm 12 May 2015 & Installed ready for use prior to 30/06/17

Asset pools < $20,000 can be written off immediately – irrespective of age

• Car Expenses Claims simplified to a choice of two:

• Cents per km: Flat 0.66c per km up to 5000 kms

• Logbook method: 3 months of logbook captured travel

Asset write-off & Car Expenses

PresenterPresentation NotesBalance sheet versus P&L for management purposes opposed to tax purposesATO will confirm but atm pool balance at 30 June

• Company tax:

cut to 28.5% from 1/7/15

• Sole trader tax:

Income from un-incorporated businesses will receive a 5% discount on income tax payable

Provided as a tax offset after completing the tax return

Tax Rate Cuts

• Capital Gains Tax Relief Business changing legal structure during 2016-17

financial year will not attract CGT liability This will allow you to change structures without

CGT event

• Start up expenses immediately deductible in 2016 Financial year only – e.g. Company formation fees Legal and accounting fees This replaces (temporarily) writing off these

expenses over a 5 year period This is a tax agent service

CG Tax Relief & Start Up Expenses

PresenterPresentation NotesPre-establishment asset account

FBT rate increase from 47% to 49% from 1/4/15 to 31/3/17 in line with maximum marginal rate including budget repair levy ATO statutory interest rate for FBT loans •Decreasing to 5.65% for FBT loans to 31/03/2016 Meal & entertainment concessions – NFP: •Now capped at $5,000 - grossed up amount FBT exemption: • for all work related electronic devices from next FBT year – 1/4/16

Fringe Benefit Tax

PresenterPresentation NotesTalk about gross up?What was previous figure?When does this commence?

1 LITO (low income tax offset) – no changes announced

2 High Income Threshold $300,000 no change announced as yet

3 Lump Sum A continues to be taxed at 32%

4 No change to ETP rates

5 Lump Sum D threshold will increase to $9780.00 plus $4891.00 per year completed service from 1/7/15

6 Luxury Tax/Fuel Efficient Car Limit/Vehicle GST limit for 2016 FY—not announced yet

7 Reasonable overtime meal allowance—will be issued late June or July

Things we don’t know yet

Questions and Answers Email

ICB Resources

• BAS Checklist • Correcting Mistakes on an Activity

Statement • BAS Reconciliation Process • Fuel Tax Credits • Luxury Car Tax • Fringe Benefits Tax • Converting Cash to Accrual • Contra Transactions

• PAYG Instalment guide • Monthly PAYGI • TPAR – EOY information • Legislation Update • BAS Reconciliation Worksheet • EOY BAS Reconciliation Issues • EOY Finalise the Information Tip

Sheet

We Appreciate Feedback

[email protected]

Webinar: EOY Business Activity Statement & Legislation UpdateSlide Number 2Slide Number 3Slide Number 4AgendaSlide Number 6GST Compliance ReviewGST Compliance ReviewGST Compliance ReviewSlide Number 10Compliance – Valid Suppliers ABNBAS ChecklistBAS Preparation ChecklistBAS Preparation ChecklistSlide Number 15Slide Number 16Slide Number 17Slide Number 18Slide Number 19Slide Number 20Slide Number 21Slide Number 22Slide Number 23Slide Number 24General GST Private Expenses & GSTPAYG Withholding ReconciliationSlide Number 28Slide Number 29GST Reconciliation June BASGST Cash Reconciliation June BASSlide Number 32Slide Number 33Review Previous BASLast BAS ReconciliationLast BAS Reconciliation �Last BAS ReconciliationSlide Number 38What are the value & time limits?Slide Number 40Slide Number 41Slide Number 42Slide Number 43Slide Number 44Fuel Tax on BAS�Fuel Tax on BAS�Slide Number 47Slide Number 48Prepare PAYG Instalment �Slide Number 50Slide Number 51Slide Number 52Slide Number 53Slide Number 54BAS LodgementSlide Number 56Enter BAS PaymentKeep BAS Reconciliation Slide Number 59Slide Number 60Slide Number 61Slide Number 62Slide Number 63Slide Number 64Slide Number 65Slide Number 66Slide Number 67Slide Number 68Slide Number 69Taxable Payments Annual ReportTPAR - PreparingTPAR – Who must lodge? NilReportsTPAR@�ato.gov.au Slide Number 74Legislation UpdateSmall Business InitiativesAsset write-off & Car ExpensesTax Rate CutsCG Tax Relief & Start Up ExpensesSlide Number 80Slide Number 81Slide Number 82Questions and Answers EmailSlide Number 84Slide Number 85Slide Number 86

Documents

Webinar: EOY Business Activity Statement & Legislation Update EOY BAS Legislation Update.pdf · •Asset Legislation Changes • Purchased after 7.30pm 12 May 2015 & Installed ready