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