How to pay employee superannuation tips

Take a quick lesson on How to pay employee superannuation in this video.

Contact us for more assistance with your superannuation of employees on 08 8337 4460

Simpler one superannuation payment for all employees

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Fuel Tax Credit Claim

Make sure you are claiming your Fuel Tax Credit.

More information in this download or contact us now to review your possibility of a fuel tax credit claim on 08 83374460

Claiming fuel tax credit BUS76594nat14584

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New Building and Construction Laws in South Australia – BCIPA Information

There has been some new laws trying to protect small subcontractors in the building and construction industry in South Australia.

To make it simple you need to make sure you issue invoices as per the proper format called a payment claim, I have attached the payment claim for you to ensure your tax invoice complies. Here is a pro forma of what your tax invoice – Payment claim should look like  BCIPA Information – Pro Forma Payment Claim

Also one of the major aims of the new law is that, if your builder has an issue with your work and does not wish to pay you, they must promptly issue you a “Payment Schedule”. This will state what they will pay and why they are not paying in full.  New Building and Constrution Industry Law Pro Forma Payment Schedule

Importantly, If you are not served a Payment schedule and you have issued a Payment claim in the proper format within the time frame in your building contract or 15 business days whichever is less, then you must be paid in full and they no longer have any dispute on arbitration rights. Here is a flowchart of the claim process

If there is a payment schedule and ensuing dispute from there it goes to a simpler arbitration process. Hopefully you don’t get to that.  My expert in this area is Lawyer Justin Ratanatray (who has been conducting free seminars on this new law) of Direct: (08) 8205 1868 | Mobile: 0405 152 605   Phone: (08) 8205 1888 | Fax: (08) 8205 1899 |  www.jkrlawyers.com

Level 4, 31 Franklin St, Adelaide SA 5000 | GPO Box 2872, Adelaide SA 5001

In summary, make sure your tax invoice complies to the required new invoice requirements and look out for payment schedules which is the required format to advise any non payment of invoices.  Or if you are engaging contractor to do building works for you and their work is not good enough to pay in full – you must provide them a payment schedule within 15 business days.

This information is provided as a general guide, you should seek advise on your own individual circumstances and not rely solely on this information.

Is it too hard keeping your bookwork up to date? Or is it taking so long and costing too much? Would you like a Bookkeeping chainsaw man?

At Tax Accounting Adelaide we believe Accounting should grow your business – instead of slowing down your business. As your Tax Agent we care, because we want you to do accounting fast and efficiently.

We have been achieving great results by helping small business wanting to make accounting more efficient. So that they are spending less time and resources on book keeping.  We use technology to save you time and make keeping updated easier. With the time we save, we can spend on more value adding activity, such as solving your business problems and achieving your business goals.

We can show you a way to a more complete accounting package, more than just bookkeeping, BAS returns and Tax returns, but time to work with our guidance on your business practices to improve your sales and profits. Talk to us now about how we make your accounting more efficient, so that you spend more time on adding value to your business.

3 Tips to chainsaw your bookkeeping

• Reduce your bank accounts.
• Use Online downloading of your bank transactions or Online accounting Software.
• Outsource bookkeeping to someone if you can do more valuable activity with you time.  You should outsource if they can do it better than you and cheaper than the cost of your time.

More about how we help you

Call us now on 08 83374460 or 0416 023 719 to book in for a free initial consultation on how to chainsaw your bookkeeping Now.

Print this in PDF for someone who needs this help fast.

Tax Accounting Adelaide -

Avoid this huge mistake in business

Listen to Romeo Caporaso of Tax Accounting Adelaide explain an important lesson to avoid a Huge Mistake by your business

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Listen to our audio on How to Prepare to sell you business for more

Adelaide Small business expert, business coach and Tax agent – Romeo Caporaso tells you what you need to know about driving the value of your business up, how and when, so you can one day sell your business for more than if you do nothing.

Action for Selling your business for more part 1

Action for Selling your business for more part 2

Contact Romeo Caporaso at TaxAccountingAdelaide.com.au or 08 83374460 for your free hour consultation on a strategy for selling you small to medium business now.

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An Accountant who says MONEY is not Everything

Call us NOW if this sounds like you and to take action Now on 08 8337 4460

Find Where your money is going and then start Saving money toward your financial dream, we show you the way to a savings plan that works

Personal Financial Control Package

Ever wondered why businesses do accounting and know where they spend their money BUT individuals don’t. Well now you can
Book-keep your personal finances and we help you know where everything comes and goes. Have the platform to save and measure improving your net worth and create true wealth.

We can even include Tax return for you and your partner.

We can personalise your life into your accounting incorporating your investments such as Dividends, Investment properties and reconcile to your accounts, credit cards and loans.

Suitable for Landlords, individuals or families wanting to know where there money is coming and going, and seeking to align personal goals with financial plans

Subscription to online accounting software, this makes us see your bank transactions and be able to help you control your spending and identify where your money is going… Once and for all.
Year end personal financial statements and tax returns (limited to 2 individual non business tax returns)
Bi annual financial coaching sessions and savings plan update
Can accommodate many accounting scenarios such as for investments such as interest, dividends and rental properties, building of properties, credit cards, loans. Enquire if you have a particular request.

Watch this video to find out how it all works in your tax return refund or payable.

A simple tax return is really not that simple.

But let me dumb it down so if you have never really understood it, you soon will.

You start with Incomes (like wages and salaries) less deductions (like uniforms and cost of tax preparation fee) which give you what the tax office calls TAXABLE INCOME

Once you have your taxable income , depending on how high it is, you are taxed progressively more as in this table of the Income tax rates. This is called Tax on your Taxable Income.

Tax rates 201011

Once you have tax on taxable income you add medicare levy

Then you take off any taxes paid (such as on wages) and any tax offsets (such as education tax refund)to get your tax return refund or amount payable. If you have already paid more tax than the tax on taxable income then you get a refund.

For more examples and explanations of Income, deductions, taxes paid and tax offsets visit www.ATO.gov.au or ask us

Here is your bonus PDF version

Tax return explained simply by an online tax agent

Here is your bonus Audio Version

explanation of tax returns by tax agent Tax Accounting Adelaide

Are you starting your own Australian Business?

And not sure if you have everything covered. See us now and we can make it easy for you to get started the right way.

Our Simple Business Startup Pack $110 includes:

• One hour business consulting in our office or by Skype. Where you can ask all your questions, including your legal business structure, what accounts to open, what taxes will you have to pay, how much shall to leave for tax, small business marketing and how you should do your bookkeeping
• We do your ABN registration online, often your ABN can be used immediately
• Send you the links to the Business Names Application forms
• Simple Sales Tax invoice spreadsheet Template or advise you on which accounting software to use or let us do it, we explain how.
• Business Plan Template
• How to start your business checklist
• ATO publications on what you need to do
• Automatic subscription into our Free secrets to creating wealth and Better business course

All this for only $110. So start with us and get off to the right start

Contact Us Now

Romeo Caporaso -Tax Agent and Business Accountant
Phone 08 8337 4460
Mobile 0416 023 719