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BASMAN: Posted on Tuesday, 4 June 2013 8:18 AM
Small businesses can claim an immediate tax deduction for
assets costing less than $6,500.
So if you need office equipment or other assets and you have a small
business entity, purchase these items before 30 June to get the deduction
this year.
As always, don't spend your hard-earned money on things you don't need
just to get a tax deduction. Its not worth spending a dollar to save 30
cents.
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BASMAN: Posted on Thursday, 30 May 2013 10:01 AM
To
help grow Australian workers' savings for retirement, the compulsory
super guarantee rate will gradually increase from 9% to 12%. When you make super payments on behalf of your employees based on the
minimum 9% super guarantee rate, you will need to increase this rate on
which you base your calculations to 9.25% on 1 July 2013.
The Super Guarantee rate will increase gradually from 9% to 12% from 1 July 2013 as follows:
2013/14 9.25% 2014/15 9.5% 2015/16 10% 2016/17 10.5% 2017/18 11% 2018/19 11.5% 2019/20 12%
What you need to do
- Update your payroll and accounting systems to apply the appropriate increase to the super guarantee rate.
- From 1 July 2013, increase the rate you use to work out the super
guarantee payments you make for your employees from 9% to 9.25%.
- Continue to increase the rate you use to work out the super
guarantee payments you make for your employees each year until 1 July
2019.
If you require any assistance contact BASMAN RETURNS for Superhero Service for your business.
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BASMAN: Posted on Tuesday, 28 August 2012 6:36 PM
The Tax Office's new Employee or contractor
homepage has information you need to work out whether your
workers are employees or contractors including:
- the basics - things your business needs to
know
- the common reasons businesses get the decision wrong
- industry specific information
- an Employee/contractor decision tool
- summary of the obligations you need to meet
for your employees or contractors.
If you get the decision wrong,
you risk having to pay penalties.
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BASMAN: Posted on Thursday, 1 March 2012 9:55 AM
The
Queensland Government is running a series of 1 hour webinars (web-based
seminars) in 2012 to help small business owners improve their skills and their
business.
The free
webinars cover a variety of topics, including: - cloud computing
- using Facebook, Twitter
& LinkedIn for business success
- local search marketing and
search engine optimisation
- pay per click online
advertising.
All
webinars are interactive and allow you to give, receive and discuss the topic
in more depth.
To find out more, including how to register,
visit the QLD Business and Industry
website
Cheers
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BASMAN: Posted on Wednesday, 21 December 2011 10:10 AM
The current state based business names system is to be replaced by a National system after 28 May 2012
The registration process will be online and will be linked to the ABN application process.
Costs will be around $30 for one year and $70 for three years - A cost reduction in most states and territories.
Existing businesses do not need to do anything, their existing business
names will transfer automatically to the national register.
If you have an queries contact the BASMAN on 0419 671 602 or by email at alan@basman.com.au
Cheers & Best wishes for a safe and happy Christmas & New Year
Alan
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