1.The Australian Tax System
2.Assessable Income
3.Tax Deductions
4.Exempt Income
5.Tax Offsets
6.Goods & Services Tax (GST)
7.Capital Gains Tax (CGT)
8.Depreciation and Capital Allowances
9.Superannuation
10.Primary Production
11.Business Structures
12.Residency and International Tax Issues
13.Small Business Entities (SBE)
14.Fringe Benefits Tax (FBT)
15.Pay As You Go (PAYG)
16.Accounting for Tax and Accounting Methods
17.Consolidation
18.Tax Audits and Taxpayer Rights
19.State Government Taxes
20.Tax Reform
2019 Effective Lives Tables
Index
Editor’s letter….
Welcome to the 13th edition ofbO2 Corporate Essentials simplified summary of the Australia Taxation System, our Annual Taxation Summary Manual 2019.
Inside you’ll find a mixture of news, features and regular columns on a wide range of tax-related topics.
The purpose of this manual is to provide you with brief explanations of Taxation Issues, offer practical solutions and is arranged to make information
easy to retrieve; designed especially for people who might never normally consider picking up reference material on tax minimisation or compliance.
This is neither a survival manual nor an encyclopaedia, rather is meant to be used as a ready reference for a layperson and professional alike. One
of the greatest challenges today is technology, so to fulfil all the requirements of our readersour entire knowledge base is available to you 24/7;
stored in one secure place
andissued by a single accomplished publisher.
We aim to cut through the confusion and give you clear, sensible and reliable information from writers and experts that you can trust. We want it to
be entertaining and informative, at times contrary, but above all useful.
Our online content is continually updated to stay current with the applicable legislation and advice. The updates are delivered to and are available
on your PC or mobile device in one secure portal, so you don’t have to traverse through multiple government websites.
Increasingly we are told, it’s not about what you know; it is about knowing how to find out.
The tax law is constantly changing, with major legislation, court cases, and ATO rulings appearing frequently throughout the year. Many of these developments
present positive financial opportunities –ONLY if you know they exist and you act on time. This is for readers who want to know how to optimise
their position, and what they should be doing to help their business stay fit, healthy and compliant…
While we are all keenly aware of our tax obligations…. it’s not always easy to know what you should and shouldn’t be doing. We are bombarded
by professionals giving us contradictory advice —so it’s difficult to know what to believe and what to ignore. To help you stay up to speed…
we include information that is necessary to make simple, accurate diagnoses and analysis and how to act on them.
We have accomplished so much over the past 12 years, and our best years are still ahead of us. In the future we hope to only grow, and we trust the
work we do, inspires you to continue to join us for many years to come; We thrive on the enthusiasm of our members, contributors and readers, for
which we are eternally grateful.
Thank you again for reading this letter. We hope you enjoy this 13th Edition and do let us know if there are any topics you’d like to see
covered.
We look forward to hearing more from you in the future.