15-YEAR EXPEMTION 42
2017/18 INCOME TAX RATES FOR NON-RESIDENT INDIVIDUALS 7
50% ACTIVE ASSET REDUCTION 42
A
ABN NOT QUOTED 104
ABSENCE FROM MAIN RESIDENCE 41
ABSOLUTELY ENTITLED TRUSTS 106
ACCELERATED DEPRECIATION FOR PRIMARY PRODUCERS 72
ACCOUNTING FOR GST ON A CHAS BASIS 91
ACCRUALS OR EARNINGS BASIS 116
ACTIVITY STATEMENTS 107
ACTUAL COST METHOD 16
ADDITIONAL METHOD FOR MONTHLY PAYG INSTALMENTS 108
ADJUSTMENTS AND BAS 36
AGE LIMIT ABOLISHED 63
AGGREGATED TURNOVER 90
AIRLINE FRIGE BENEFITS 100
ALLOWANCES 104
ANNUAL PAYERS 107
ANNUAL REVIEW 75
APPLYING THE CGT SMALL BUSINESS CONCESSIONS 45
ARE YOU IN THE BUSINESS OF PRIMARY PRODUCTION? 66
ASSET BETTERMENT ASSESSMENTS 124
AT THE START OF THE ENQUIRY OR AUDIT 122
ATO ADVISED INSTALMENT AMOUNT 105
ATO ADVISED INSTALMENT RATES 105
ATO and Treasury Roles 3
ATO CHANGES LODGEMENT REQUIREMENTS FOR ORGANISATIONS WITH OVER $20 MILLION GST TURNOVER 109
ATO OBLIGATIONS 121
ATO OBLIGATIONS ON AUDIT COMPLETION 123
ATO POWERS 123
ATO TARGETS 125
AUSTRALIANS WORKING OVERSEAS 24
B
BALANCING ADJUSTMENTS 12
BARTER EXCHANGES AND TRANSACTIONS 12
BECOMING A RESIDENT 85
BENEFICIARY TAX OFFSET 27
BOARD FRINGE BENEFITS 98
BOOKS, DOCUMENTS AND PAPERS 124
BROADLY HELD RESIDENT INVESTMENT UNIT TRUSTS 106
BUSINESS ‘BLACK HOLE’ EXPENDITURE 50
BUSINESS AND EMPLOYMENT DEDUCTIONS 15
BUSINESS INCOME 9
BUSINESS VEHICLES 40
C
CALCULATING A CAPITAL GAIN OR LOSS 44
CALCULATING DEPRECIATING 48
CALCULATING GST 29
CAPITAL –V- REVENUE 9
CAPITAL GAINS CHECKLIST 46
CAPITAL GAINS TAX RELIEF FOR COMPULSORY ACQUISITIONS OF PART OF A MAIN RESIDENCE 41
CAPITAL GAINS TAX ROLL-OVER RELIEF FOR CHAGNE STO ENITITY STRUCTURE 80
CAPITAL LOSSSES 45
CAR PARKING FRINGE BENEFITS 96
CASH OR RECEIPTS BASIS 115
CAUTION 131
CEASING TO BE A RESIDENT 85
CENTS PER KILOMETRE METHOD 16
CGT ASSETS 39
CGT INDEX NUMBERS 45
CGT INDEXATION FACTORS 44
CGT WITHHOLDING REGIME 47
CHANGES TO ASSET PROTECTION 78
CHANGES TO FOREIGN PROPERTY INVESTORS 88
CHANGES TO IN-HOUSE PROPERTY FRINGE BENEFITS 98
CHANGES TO IN-HOUSE RESIDUAL FRINGE BENEFITS 100
CHANGES TO PAYG INSTALMENTS THRESHOLD 107
CHANGES TO SUPER EFFECTIVE 1 JULY 2017 64
CHANGES TO THE INCOME TAX DEDUCTION RULES FOR CAR EXPENSES 16
CHECKLIST OF ASSESSABLE ITEMS 13
CHECKLIST OF DEDUCTIBLE ITEMS 20
CHOICE OF DEPRECIATION METHOD 48
CHOICE OF SUPERANNUATION FUND 61
COMMENT ON RECENT DEVELOPMENTS (STATE GOVERNMENT TAXES) 132
COMMERCIAL DEBT FORGIVENESS 114
COMMON FRINGE BENEFITS 94
COMPANIES 73
COMPANY RATES OF TAX – 2017/18 8
COMPANY SECRETARY 76
COMPENSATION PAYMENTS 12
COMPLIANCE IN FOCUS 38
COMPULSORY ACQUISITIONS 41
COMPUTER SOFTWARE 49
CONNECTED ENTITIES 91
CONSOLIDATED GROUPS – INDICATIVE ANNUAL COMPLIANCE DEADLINES 119
CONSOLIDATION – TAX WHOLLY OWNED GROUPS AS SINGLE ENTITIES 117
CONSTITUTION 75
CONTINUOUS EXISTENCE 75
CONVENTIONAL CLOTHING 18
CORPORATE UNIT TRUSTS AND PUBLIC TRADING TRUSTS 106
COST BASE 44
D
DATA MATCHING 125
DATA MATCHING 2017-08-15 126
DEBT WAIVER FRINGE BENEFITS 96
DECEASED ESTATES 46
DECLINE IN VALUE 48
DEDUCTION FOR PROFESSIONAL COSTS RE – STARTING BUSINESS 19
DEDUCTIOSN FOR CAPITAL WORKS EXPENDITURE 51
DEFINITION OF A FRINGE BENEFIT 93
DEFINITIONS (ASSESSABLE INCOME) 9
DEPENDANT OFFSETS ABOLISHED 26
DEPRECIATION 72
DEVELOPMENTS THROUGH 2017 (TAX REFORM) 134
DIFFERENT MAIN RESIDENCES 41
DIRECT COMPENSATION FOR SERVICES 9
DIRECTORS’ DUTIES 76
DISASTERS AND PRIMARY PRODUCERS 70
DISCOUNT METHOD 44
DISCRETIONARY AND FAMILY TRUSTS 106
DISCRETIONARY TRUSTS 78
DISPOSAL OF SMALL BUSINESS ROLL-OVERS 44
DOUBLE TAX AGREEMENTS 85
DURING AN ADUIT 122
DUTIES OF TRUSTEES 54
E
EFFECTIVE LIFE 48
ELIGIBILITY FOR THE SBE 90
EMPLOYEE –V- CONTRACTOR 103
EMPLOYER CONTRIBUTION VS PERSONAL CONCESSIONAL CONTRIBUTION 57
EMPLOYMENT INCOME EARNED OVERSEAS 86
EMPLOYMENT TERMINATION PAYMENTS (ETPS) 10
EMPLOYMENT TERMINATIONS PAYMENTS 11
ENTERTAINMENT 97
EXCEPTIONS TO MOTOR VEHICLE SUBSTANTIATION RULES 16
EXEMPT BENEFITS 101
EXEMPT CENTERLINK PAYMENTS 24
EXEMPT VETERANS’ INCOME 23
EXEMPTIONS FROM CGT 40
EXISTING AND FUTURE SMSF RULINGS 58
EXPANDTING ACCELERATED DEPRECIATION FOR SMALL BUSINESS 52
EXPENSIVE PAYMENT FRINGE BENEFIT 97
EXTENSION OF SBE BENEFITS 92
F
FAMILY PAYMENTS – KEY ASPECTS 5
FAMILY TRUSTS 78
FARM MANAGEMENT DEPOSITS SCHEME 71
FBT AUDITS 126
FBT EXEMPTIONS FOR WORK-RELATED ELECTRONIC DEVICES 101
FBT REBATE 102
FEATURES OF A COMPANY – SEPARATE LEGALY ENTITY 74
FINANCIAL REPORTS 76
FOREIGN AND TEMPORARY TADX RESIDENTS 41
FRANKING CREDIT TRADING 78
FREQUENT FLYER AND CLUB BENEFITS 12
G
GIFTS 25
GROUPING PROVISIONS 131
GST GROUPING 36
GST MAY 2017 FEDERAL BUDGET CHANGES 38
GST REPORTING REQUIREMENTS SIMPLIFIED FOR SMALL BUSINESS 38
GST-FREE SUPPLIES 31
H
HAS A CAPITAL GAIN OR LOSS OCCURRED? 39
HECS-HELP REPAYMENT THRESHOLDS 7
History (The Australian Taxation System) 2
HOBBIES 24
HOME OFFICE EXPENSES 18
HOUSING FRINGE BENEFITS 98
How LAWS ARE MADE 3
HOW MUCH DO I WITHOLD? 104
HOW TO BE TAX SMART 126
HOW TO PREPARE FOR AN ENQUIRY OR AUDIT 122
HYBRID TRUTS 80
I
IF YOU ARE SUBJECT TO ENQUIRY OR AUDIT 121
IMMEDIATE DEDUCTIVILITY FOR PROFESSIONAL EXPENSES 80
IMPUTATION SYSTEM 77
INCOME FROM LONG-TERM CONSTRUCTION CONTRACTS 111
INCOME MEANS TESTING FOR OFFSETS 26
INCOME RECEIVED IN ADVANCE 111
INDEXCATION METHOD 44
INDIVIDUAL RESIDENCY 84
INPUT TAXED SUPPLY 30
INSTALMENT INCOME – CRASH OR ACCRUALS? 107
INSTALMENT INCOME – SUPERANNUATION FUNDS 106
INTEREST 19
INVESTMENT MANAGER 55
INVESTMENT STRATEGY 54
ITEMS OF EXEMPT INCOME 23
K
KEY FEATURES OF FBT 93
L
LABOUR HIRE ARRANGEMENTS 103
LATE LODGEMENT AND/OR PAYMENT 107
LAY-BY SALES 113
LEASE INCENTIVES 12
LIMITED LIABILITY 74
LIVING AWAY FROM HOME ALLOWANCES (LAFHA)
LOANS TO SHAREHOLDERS 77
LODGEMENT AND PAYMENT OF TAX 3
LONG DISTRANCE TRUCK DRIVERS 18
LOST AND UNCALIMED SUPERANNUATION – SREAMLINED ARRANGEMENTS 63
LOW INCOME SUPER TAX OFFSET 61
LOW INTEREST LOANS 96
LOW VALUE ITEMS 49
LOW-INCOME TAX OFFSET (LITO) 26
LUXURY CAR DEPRECIATION LIMIT 50
M
MAIN RESIDENCE EXEMPTION 40
MEDICARE LEVY 5
MEDICARE LEVY SURCHARGE 5
METHODS OF TAX ACCOUTNING 115
MISTAKES AND BAS 36
MORE SIMPLIFIED ACCOUNTING METHODS 33
MOTOR VEHICLE EXPENSES 15
MULTINATIONAL ANTI-AVOIDANCE LAW 128
MULTINATIONAL TAX MEASURES 88
MUTUAL INCOME 25
N
NET MEDICAL EXPENSES TAX OFFSET 28
NON-ASSESSABLE, NON-EXEMPT INCOME 25
NON-CASH BENEFITS 105
NON-CASH BUSINESS BENEFITS 9
NON-COMPULSORY UNIVORMS 18
NON-RESIDENT INDIVIDUALS 7
NOTIFICATION OF AN ENQUIRTY OR AUDIT 122
O
OCCUPATIONAL CLOTHING AND PROTECTIVE GEAR 18
OMITTANCE BAS 36
OTHER RECENT CHANGES (PRIMARY PRODUCTION) 72
OTHER SUPERANNUATION FUNDS 54
OTHER TRUSTS 8
OTHERWISE DEDUCTIBLE RULE 100
P
PARNTERSHIPS 73
PARTNERSHIP INSTALMENT INCOME 106
PAYER OBLIGATIONS UNDER PAYG 105
PAYG INSTALMENTS (PAYGI) 105
PAYG INSTALMENTS AND THE CONSOLIDATED GROUP 119
PAYG TIMETABLE MONTHLY PAYMENTS 108
PAYG WITHHOLDING (PAYGW) 103
PAYG WITHOLDING VARIATION TAA 1953 110
PAYROLL TAX 130
PAYROLL TAX AUSTRALIA 132
PENALTIES AND OFFENCES 123
PERSONAL SERVICES INCOME (PSI) 81
PERSONAL SUPERANNUATION CONTRIBUTIONS INCLUDING SELF EMPLOYED PERSONS 60
PLANT IN RENTAL PROPERTIES 51
POWER TO OBTAIN INFORMATION 124
PREPAID EXPENSES 111
PREPAYMENT OF EXPENSES 17
PREPAYMENTS 91
PRIMARY PRODUCTION 50
PRINCIPAL PLACE OF BUSINESS 75
PRIVATE USE OF TRADING STOCK 114
PROFESSIONAL WORK IN PROGRESS 114
PROHIBITED INVESTMENTS AND BORROWINGS 55
PROPERTY FRINGE BENEFITS 98
PROPOSED INCREASES TO THE UNINCORPORATED SMALL BUSINESS TAX DISCOUNT 8
PROPREITARY COMPANY 75
R
RECENT CHANGES (CONSOLIDATION) 119
RECENT DEVELOPMENTS (GST) 37
RECORD KEEPING (CGT) 46
RECORD KEEPING IN THE PRIMARY PRODUCTION INDUSTRY 67
RECORD KEEPING OBLIGATIONS (SUPERANNUATION) 55
REDUNDANCY AND EARLY RETIREMENT PAYMENTS 12
REGISTERED OFFICE 75
REGISTERING FOR GST 35
REGISTERS AND RECORD KEEPING 75
REGISTRATION 131
REMOTE AREA ACCOMMODATION 98
RENTAL PROPERTIES AND THE 2017 BUDGET 52
REPAIRS 19
REPLACEMENT ASSET ROLL-OVERS 43
REPLACEMENTS AND LOOSE TOOLS 49
REPORTABLE FRINGE BENEFITS 100
RESIDENCE OF COMPANY 84
RESIDUAL FRINGE BENEFITS 100
RETIREMENT CONCESSION 42
REULATION (SUPERANNUATION) 53
RIGHT OF ACCESS 124
ROLL-OVER RELIEF – SMALL BUSINESS 42
ROLL-OVER TO A COMPANY 43
S
SALE OF DEPRECIATED PLANT 49
SALE OF FORMERLY LEASED EQUIPMENT 12
SAME ASSET ROLL-OVERS 43
SBE DEPRECIATION 91
SBE POOLING ARRANGEMENTS 49
SELF ASSESSMENT 36
SELF MANAGED SUPER FUNDS 57
SELF-EDUCATION EXPENSES 19
SEPARATE CGT ASSETS 40
SHAREHOLDERS 75
SMALL BUSINESS 92
SMALL BUSINESS CONCESSIONS 41
SNAPSHOT OF BENEFITS (SBE) 90
SOLE PURPOSE TEST 54
SOURCE OF INCOME 84
SPECIAL CONSIDERATIONS (PRIMARY PRODUCTION) 69
SPECIAL INPUT TAX CREDIT RULES 33
SPOUSE CONTRIBUTIONS 63
STAMP DUTY 130
STARTING A COMPANY 74
SUBSTANTIATION 15
SUPER SURCHARGE ON HIGH INCOME EARNERS 63
SUPERANNUATION EXCESS CONTRIBUTIONS TAX 62
SUPERANNUATION GUARANTEE (SG) 62
SUPERANNUATION LUMP SUMS 11
SUPERANNUATION SPLITTING 62
SUPERSTREAM 63
SUPPLIES AND GST 29
T
TAX AUDITS – WHAT ARE THEY? 121
TAX AVERAGING AND PRIMARY PRODUCERS 70
TAX CONCESSIONS 55
TAX COST SETTING RULES 118
TAX DEDUCATIONS FOR PERSONAL CONTRIBUTIONS 56
TAX FILE NUMBERS 8
TAX INVOICES 35
TAX OFFSETS DIFFERENT TO DEDUCTIONS 26
TAX REFORM 134
TAX SHARING AGREEMENT (TSA) 119
TAX TIPS FOR PRIMARY PRODUCERS 2017/18 71
TAXABLE SUPPLIES 30
TAXABLE WAGES 130
TAXATION OF SUPERANNUATION BENEFITS 58
TAXATION OF SUPERANNUATION FUND INCOME 53
TAXATION RULINGS 6
TAXPAYER ALERTS 128
TAXPAYERS WITH UNDISCLOSED OVERSEAS INCOME 128
TAXPAYERS’ CHARTER 127
TELEPHONE 19
THE ENQUIRY OR AUDIT PROCESS 121
THE INTERGENERATIONAL REPORT 133
THIN CAPITILSATION 87
THREE STATUTORY TESTS 84
TIME TO ‘RE-THINK’ OUR TAX SYSTEM 133
TIMING OF INCOME AND DEDUCTIONS 115
TRADING STOCK 111
TRADING STOCK 91
TRANSER PRICING 87
TRANSITION TO RETIREMENT 63
TRAVEL CLAIMS WITHIN AUSTRALIA 17
TRAVELLING EXPENSES 17
TRUSTEE RESOLUTIONS 79
TRUSTS 78
TYES OF CGT ASSETS 39
U
UNIT TRUITS 79
USING MORE THAN ONE CONESSION 42
V
VALUE OF TRADING STOCK 112
VOLUNTARY ARGEEMENTS 104
W
WHAT IS A SELF MANAGED SUPERANNUATION FUND (SMSF)? 53
WHETHER TO INCORPORATE 76
WINDFALLS GAINS 24
WITHHOLDING FROM CLOSELY HELD TRUSTS 105
WITHOLDING DEDLCARATIONS & VARIATIONS 110
WORKING HOLIDAY MAKERS 72
Y
YEAR END EXHCNAGE RATES – 30 JUNE 2017-08-15 89
Z
ZONE TAX OFFSET 27