bO2 – 2022 – Index

James Murphy


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← 2021 – 2022 Manual

15 YEAR EXEMPTION                         

2020/21- and 2021/22-INCOME TAX RATES – RESIDENT INDIVIDUALS                                                  

2020/21- and 2021/22-ASSESSMENT – RESIDENT DECEASED ESTATE

2020/21 PERSONAL TAX OFFSETS

2020/21- and 2021/22-RESIDENT MINORS-UNEARNED (DIVISION 6AA) INCOME

2021 BUDGET MEASURES

50% ACTIVE ASSET REDUCTION

A

ABN NOT QUOTED                                          

ABSENCE FROM MAIN RESIDENCE

ABSOLUTELY ENTITLED TRUSTS

ACCELERATED DEPRECIATION

FOR PRIMARY PRODUCERS

ACCOUNTING FOR GST ON A

CASH BASIS

ACCRUALS OR EARNINGS BASIS

ACTIVITY STATEMENTS

ACTUAL COST METHOD

ADDITIONAL METHOD FOR

MONTHLY PAYG INSTALLMENTS

ADJUSTMENTS AND BAS

AGE LIMIT ABOLISHED

AGGREGATED TURNOVER

AIRLINE FRINGE BENEFITS

ALLOWANCES

ANNUAL PAYERS

ANNUAL REVIEW

APPLYING THE CGT SMALL

BUSINESS CONCESSIONS

ARE YOU IN THE BUSINESS OF

PRIMARY PRODUCTION?

ASSET BETTERMENT

ASSESSMENTS

AT THE START OF THE ENQUIRY

OR AUDIT

ATO ADVISED INSTALLMENT

AMOUNT

ATO ADVISED INSTALLMENT

RATES

ATO AND TREASURY ROLES

ATO CHANGE LODGMENT

REQUIREMENTS – ORGANISATIONS WITH OVER $20 MILLION GST

TURNOVER

ATO OBLIGATIONS

ATO OBLIGATIONS ON AUDIT COMPLETION

ATO POWERS

ATO TARGETS

AUSTRALIAN BUSINESS

NUMBER (ABN)

AUSTRALIANS WORKING

OVERSEAS

B

BALANCING ADJUSTMENTS

BARTER EXCHANGES AND

TRANSACTIONS

BECOMING A RESIDENT

BENEFICIARY TAX OFFSET

BOARD FRINGE BENEFITS

BOOKS, DOCUMENTS AND

PAPERS

BRIEF SUMMARY OF 2018/19

PERSONAL TAX OFFSETS

BROADLY HELD RESIDENT

INVESTMENT UNIT TRUSTS

BUSINESS ‘BLACK HOLE’

EXPENDITURE

BUSINESS AND EMPLOYMENT

DEDUCTIONS

BUSINESS INCOME

BUSINESS VEHICLES

C

CALCULATING A CAPITAL

GAIN OR LOSS

CALCULATING DEPRECIATION

CALCULATING GST

CAPITAL –V- REVENUE

CAPITAL GAINS CHECKLIST

CAPITAL GAINS TAX ROLL-OVER

RELIEF FOR CHANGES TO ENTITY

STRUCTURE

CAPITAL LOSSES

CAR PARKING FRINGE BENEFITS

CASH OR RECEIPTS BASIS

CEASING TO BE A RESIDENT

CENTS PER KILOMETRE METHOD

CGT ASSETS

CGT INDEX NUMBERS

CGT INDEXATION FACTORS

CGT WITHHOLDING REGIME

CHANGES FOR FOREIGN

PROPERTY INVESTORS

CHANGES TO ASSET PROTECTION

CHANGES TO IN-HOUSE

PROPERTY FRINGE BENEFITS

CHANGES TO IN-HOUSE RESIDUAL FRINGE BENEFITS

CHANGES TO PAYG INSTALLMENT THRESHOLD

CHANGES TO SUPER EFFECTIVE

1 JULY 2019

CHANGES TO THE INCOME TAX

DEDUCTION RULES FOR CAR

EXPENSES

CHECKLIST OF ASSESSABLE ITEMS

CHECKLIST OF DEDUCTIBLE ITEMS

CHOICE OF DEPRECIATION METHOD

CHOICE OF SUPERANNUATION FUND

CHURNING OVER CONSOLIDATION

COMMENT ON RECENT DEVELOPMENTS (DATA MATCHING)

COMMERCIAL DEBT FORGIVENESS

COMMON FRINGE BENEFITS

COMPANIES

COMPANY RATES OF TAX -2020/21

COMPANY SECRETARY

COMPENSATION PAYMENTS

COMPLIANCE IN FOCUS 2020/21

COMPULSORY ACQUISITIONS

COMPUTER ASSISTED VERIFICATION:

E-AUDIT AND RISK ASSESSMENT

COMPUTER SOFTWARE

CONNECTED ENTITIES

CONSOLIDATION – TAXING

WHOLLY OWNED GROUPS

AS SINGLE ENTITIES

CONSTITUTION

CONTINUOUS EXISTENCE

CONVENTIONAL CLOTHING

CORPORATE UNIT TRUSTS AND

PUBLIC TRADING TRUSTS

COST BASE

COVID-19 AND BEYOND

 

COVID-19 CONCESSIONS

COVID-19 CONCESSIONS-STATE GOVERNMENT TAXES

COVID-19 WORKING FROM HOME

 

D

DATA MATCHING

DATA MATCHING 2019

DEBT WAIVER FRINGE BENEFIT

DECEASED ESTATES

DECLINE IN VALUE

DEDUCTION FOR PROFESSIONAL

COSTS RE-STARTING BUSINESS

DEDUCTIONS FOR CAPITAL WORKS

EXPENDITURE

DEFINITION OF A FRINGE BENEFIT

DEFINITIONS (ASSESSABLE INCOME)

DEPENDANT OFFSETS ABOLISHED

DIFFERENT MAIN RESIDENCES

DIRECT COMPENSATION FOR

SERVICES

DIRECTORS’ DUTIES

DISASTERS AND PRIMARY

PRODUCERS

DISCOUNT METHOD

DISCRETIONARY AND FAMILY

TRUSTS

DISPOSAL OF SMALL BUSINESS

ROLL-OVER RELIEF

DOUBLE TAX AGREEMENTS

DURING AN AUDIT

DUTIES OF TRUSTEES

E

EFFECT OF ROLL-OVER

EFFECTIVE LIFE

ELIGIBILITY FOR THE SBE

EMPLOYEE –V- CONTRACTOR

EMPLOYER CONTRIBUTIONS

VS PERSONAL CONCESSIONAL

CONTRIBUTIONS

EMPLOYMENT INCOME EARNED

OVERSEAS

 

EMPLOYMENT TERMINATION

PAYMENTS

EMPLOYMENT TERMINATION

PAYMENTS (ETPS)

EMPLOYMENT TERMINATION

PAYMENTS TAX OFFSET

ENTERTAINMENT

EXCEPTIONS TO MOTOR VEHICLE

SUBSTANTIATION RULES

EXEMPT BENEFITS

EXEMPT CENTRELINK PAYMENTS

EXEMPT VETERANS’ ENTITLEMENTS

EXEMPTIONS FROM CGT

EXISTING AND FUTURE SMSF

RULINGS

EXPANDING ACCELERATED

DEPRECIATION FOR SMALL

BUSINESS

EXPENSE PAYMENT FRINGE

BENEFIT

EXTENSION OF SBE BENEFITS

F

FAMILY PAYMENTS – KEY ASPECTS

FAMILY TRUSTS

FARM MANAGEMENT DEPOSITS

SCHEME

FBT AUDITS

FBT EXEMPTIONS FOR

WORK-RELATED ELECTRONIC

DEVICES

FBT REBATE

FEATURES OF A COMPANY

– SEPARATE LEGAL ENTITY

FEE-HELP LOAN LIMIT

FINANCIAL REPORTS

FOREIGN AND TEMPORARY TAX

RESIDENTS

FRANKING CREDIT TRADING

FREQUENT FLYER AND CLUB

BENEFITS

G

GIFTS

GROUP CERTIFICATES                         

GROUPING PROVISIONS

GST – 2019 MAY FEDERAL BUDGET

CHANGES

GST AND DIGITAL CURRENCIES

 

GST GROUPING

GST REPORTING REQUIREMENTS

SIMPLIFIED FOR SMALL

BUSINESSES

GST-FREE SUPPLIES

H

HAS A CAPITAL GAIN OR LOSS

OCCURRED

HELP REPAYMENT

THRESHOLDS

HISTORY (AUSTRALIAN

TAXATION SYSTEM)

HOBBIES

HOME OFFICE EXPENSES

HOUSING FRINGE BENEFITS

HOW LAWS ARE MADE

HOW MUCH DO I WITHHOLD?

HOW TO BE TAX SMART

HOW TO PREPARE FOR AN

ENQUIRY OR AUDIT

HOW TO REDUCE FBT

 

HYBRID TRUSTS

I

IF YOU ARE SUBJECT TO

ENQUIRY OR AUDIT

IMMEDIATE DEDUCTIBILITY FOR

PROFESSIONAL EXPENSES

IMPUTATION SYSTEM

INCOME FROM LONG-TERM

CONSTRUCTION CONTRACTS

INCOME MEANS TESTING FOR

OFFSETS

INCOME TESTS

INDEXATION METHOD

INDIVIDUAL RESIDENCY

INPUT TAX CREDITS

INPUT TAXED SUPPLY

INSTALMENT INCOME

– CASH OR ACCRUALS?

INSTALMENT INCOME –

SUPERANNUATION FUNDS

INSTANT ASSET WRITE-OFF

INTEREST

INVESTMENT MANAGER

INVESTMENT STRATEGY

ITEMS OF EXEMPT INCOME

K

KEY CHANGES REGARDING GROUP CERTIFICATES

KEY FEATURES OF FBT

L

LABOUR HIRE ARRANGEMENTS

LATE LODGMENT AND/OR

PAYMENT

LAY-BY SALES                                       LEASE INCENTIVES

LIMITED LIABILITY

LIVING AWAY FORM HOME

ALLOWANCES (LAFHA)

LMITO 2018-19 TO 2021-22

 

LOANS TO SHAREHOLDERS

LODGEMENT AND PAYMENT OF TAX

LONG DISTANCE TRUCK DRIVERS

LOW INCOME SUPER TAX OFFSET

(LISTO)

LOW INTEREST LOANS

LOW VALUE ITEMS

LOW-INCOME TAX OFFSET (LITO)

LUXURY CAR DEPRECIATION LIMIT

LUXURY CAR TAX RELIEF

M

MAIN RESIDENCE EXEMPTION

MEDICARE LEVY

MEDICARE LEVY SURCHARGE

METHODS OF TAX ACCOUNTING

MORE SIMPLIFIED ACCOUNTING

METHODS

MOTOR VEHICLE EXPENSES

MULTINATIONAL ANTI-AVODIANCE

LAW

MULTINATIONAL TAX MEASURES

MUTUAL INCOME

N

NET MEDICAL EXPENSES

TAX OFFSET

NON-ASSESSABLE, NON-EXEMPT

INCOME

NON-CASH BENEFITS

NON-CASH BUSINESS BENEFITS

NON-COMPULSORY UNIFORMS

NON-RESIDENT INDIVIDUALS

NOTIFICATION OF AN ENQUIRY OR AUDIT

O

OCCUPATIONAL CLOTHING AND

PROTECTIVE GEAR

OMITTANCE BAS

ONE YEAR SUPERANNUATION

AMNESTY ANNOUNCED

OTHER CHANGES (PRIMARY

PRODUCTION)

OTHER CONSIDERATIONS

(PRIMARY PRODUCTION)

OTHER DEVELOPMENTS (GST)

OTHER ROLL-OVER RELIEF

OTHERWISE DEDUCTIBLE RULE

P

PAID PARENTAL LEAVE

PARTNERSHIPS

PARTNERSHIP INSTALLMENT

INCOME

PAYER OBLIGATIONS UNDER PAYG

PAYG INSTALLMENTS (PAYGI)

PAYG INSTALLMENTS AND THE

CONSOLIDATED GROUP

PAYG TIMETABLE MONTHLY

PAYMENTS

PAYG WITHHOLDING (PAYGW)

PAYG WITHHOLDING VARIATION

TAA 1953

PAYROLL TAX

PERSONAL SERVICES INCOME (PSI)

PERSONAL SUPERANNUATION CONTRIBUTIONS INCLUDING SELF EMPLOYED PERSONS

PLANT IN RENTAL PROPERTIES

POWER TO OBTAIN INFORMATION

PREPAID EXPENSES

PREPAYMENT OF EXPENSES

PREPAYMENTS

PRIMARY PRODUCTION

PRINCIPAL PLACE OF BUSINESS

PRIVATE HEALTH INSURANCE

REBATE

PRIVATE USE OF TRADING STOCK

PROFESSIONAL WORK IN PROFESS

PROHIBITED INVESTMENTS AND

BORROWINGS

PROPERTY FRINGE BENEFITS

PROPERTY INVESTORS TO LOSE OUT FROM BUDGET CHANGES

PROPOSED INCREASES TO THE

UNINCORPORATED SMALL

BUSINESS TAX DISCOUNT

 

R

RECENT CHANGES

RECORD KEEPING (CGT)

RECORD KEEPING IN THE PRIMARY PRODUCTION INDUSTRY

RECORD KEEPING OBLIGATIONS

REDUNDANCY AND EARLY

RETIREMENT PAYMENTS

REFUNDING FRANKING CREDITS –INDIVIDUALS

REGISTERED OFFICE

REGISTERING FOR GST

REGISTERS AND RECORD KEEPING

REGISTRATION

REGULATING SUPERANNUATION

REMOTE AREA ACCOMMODATION

RENTAL PROPERTIES

 

REPAIRS

REPLACEMENT ASSET ROLL-OVERS

REPLACEMENTS AND LOOSE TOOLS

REPORTABLE FRINGE BENEFITS

RESEARCH AND DEVELOPMENT

RESIDENCE OF COMPANY

RESIDUAL FRINGE BENEFITS

RETIREMENT CONCESSION

RIGHT OF ACCESS

ROLL-OVER RELIEF

– SMALL BUSINESS

ROLL-OVER TO A COMPANY

S

SALE OF DEPRECIATED PLANT

SALE OF FORMERLY LEASED

EQUIPMENT

SAME ASSET ROLL-OVERS

SBE CHANGES OF COMPANY

TAX RATE

SBE DEPRECIATION

SBE POOLING ARRANGEMENTS

SELF ASSESSMENT

SELF EDUCATION EXPENSES

SELF MANAGED SUPER FUNDS

SENIOR AND PENSIONERS

TAX OFFSET (SAPTO)

SEPARATE CGT ASSETS

SHAREHOLDERS

SINGLE TOUCH PAYROLL                     

SMALL BUSINESS

Small Business CGT Concessions

 

SNAPSHOT OF BENEFITS (SBE)

SOLE PURPOSE TEST

SOURCE OF INCOME

SPECIAL CONSIDERATIONS

(PRIMARY PRODUCTION)

SPECIAL INPUT TAX CREDIT RULES

SPECIFIC TARGETS IN 2020/21

SPOUSE CONTRIBUTIONS

STAMP DUTY

STARTING A COMPANY

SUBSTANTIATION

SUPER SURCHARGE ON

HIGH INCOME EARNERS

SUPERANNUATION

CO-CONTRIBUTIONS

SUPERANNUATION EXCESS

CONTRIBUTIONS TAX

SUPERANNUATION GUARANTEE (SG)

SUPERANNUATION LUMP SUMS

SUPERANNUATION SPLITTING

SUPERANNUATION OFFSETS

SUPERSTREAM

SUPPLIES AND GST

T

TAX AUDITS – WHAT ARE THEY?

TAX AVERAGING AND PRIMARY

PRODUCERS

TAX CONCESSIONS

TAX COST SETTING RULES

TAX DEDUCTIONS FOR PERSONAL CONTRIBUTIONS

TAX FILE NUMBERS

TAX INVOICES

TAX OFFSET FOR UNINCORPORATE SMALL BUSINESS

TAX OFFSETS DIFFERENT TO DEDUCTIONS

TAX RATES FOR WORKING HOLIDAY MAKERS

TAX REFORM

TAX SHARING AGREEMENT (TSA)

TAX TIPS FOR PRIMARY

PRODUCERS 2020/21

TAXABLE SUPPLIES

TAXABLE WAGES

TAXATION OF SUPERANNUATION

BENEFITS

TAXATION OF SUPERANNUATION

FUND INCOME

TAXATION RULING

TAXPAYER ALERTS

TAXPAYERS WITH UNDISCLOSED

OVERSEAS INCOME

TAXPAYERS’ CHARTER

TELEPHONE

THE ENQUIRY OR AUDIT PROCESS

THE INTERGENERATIONAL REPORT

THIN CAPITALISATION

THREE STATUTORY TESTS

TIME TO ‘RE-THINK’ OUR TAX

SYSTEM

TIMING OF INCOME AND

DEDUCTIONS

TRADING STOCK

TRADING STOCK

TRANSFER PRICING

TRANSITION TO RETIREMENT

TRAVEL CLAIMS WITHIN

AUSTRALIA

TRAVELLING EXPENSES

TRUST INSTALLMENT INCOME

TRUSTEE RESOLUTIONS

TRUSTS

TYPES OF CGT ASSETS

U

UNIT TRUSTS

UNINCORPORATED SMALL BUSINESS TAX DISCOUNT

USING MORE THAN ONE

CONCESSION

V

VALUE OF TRADING STOCK

VOLUNTARY AGREEMENTS

W

WHAT IS A SELF-MANAGED SUPERANNUATION FUND (SMSF)?

WHETHER TO INCORPORATE

WINDFALL GAINS

WITHHOLDING DECLARATIONS& VARIATIONS

WITHHOLDING FROM CLOSELY HELD TRUSTS

WORKING HOLIDAY MAKERS

Y Z

 

YEAR END EXCHANGE RATES–

30 JUNE 2021

 

ZONE TAX OFFSET