Taxation for Australian Businesses

Taxation for Australian Businesses : Understanding Australian Business Taxation Concessions

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Simplify tax and save money with streamlined bookkeeping
Small businesses are often just that?small. Bookkeeping
may be done by a professional outside the company, but more often
falls to an employee or the business owner, who may or may not be
well-schooled in the intricacies of tax law and business
regulations. Tax time can end up costing small businesses a fortune
in either professional fees or missed deductions every year. What
if you could simplify the process and save money?

Taxation for Australian Businesses: Understanding Australian
Business Taxation Concessions is the ultimate guide to tax
for the small business owner. Author Rod Caldwell, 20-year veteran
of the Australian Taxation Office, leads you through the process of
managing your books and keeping more straightforward records to
simplify the process of filing tax. The introduction of the GST and
the new tax system involves a lot of new work for business owners,
but Taxation for Australian Businesses eases the way by
explaining the intricacies of applicable tax law, fully updated to
parallel the May 2014 budget. Topics include:

Business structures, accounting systems, and cash

FBT, private versus domestic use, and when to record a

Motor vehicles, the GST, and depreciation

Owners salary, end of period processing, and how to account for
stock trading

The book explains everything you need to know and ties it all
together to show you how to put the information into practice. No
jargon, no textbooks, just common sense and reason. If you would
like to get your bookkeeping straightened out and get back to your
business, Taxation for Australian Businesses: Understanding
Australian Business Taxation Concessions is the one guide that
will get you there quickly.
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Product details

  • Paperback | 232 pages
  • 153 x 228 x 18mm | 306g
  • Milton, QLD, Australia
  • English
  • 0730309320
  • 9780730309321
  • 345,943

Back cover copy

Easy-to-read tax information for your business!

Taxation for Australian Businesses is essential reading for all existing business owners, or those contemplating starting a new business in Australia. In this book, tax expert and accounting specialist Rod Caldwell discusses the Australian tax system and legislation and shows business owners how to structure their business in the most tax-effective way.

In this guide, learn how to:

manage tax concessions for your business understand your goods and services tax (GST) obligations claim the capital gains tax concessions available to your business find out your obligations as an employer run your business through a family trust make the right income tax deductions.

Taxation for Australian Businesses empowers business owners, helps reduce their accountancy fees, and ensures they are compliant with the latest tax laws.
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Table of contents

About the author ix

Preface xi

1 A general discussion of taxation 1

2 Business structures 27

3 Taxable income 41

4 Capital allowances (depreciating assets) 65

5 Trading stock (inventory) 85

6 Capital gains tax (CGT) 97

7 Fringe benefi ts tax (FBT) 109

8 Motor vehicles 121

9 Goods and services tax (GST) 137

10 Putting it all together 151

11 Employing staff 161

12 Running a business through a family discretionary trust 195

Appendix A: Effective life schedule 203

Appendix B: Tax rates, 2014-15 207

Index 209
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About Rod Caldwell

ROD CALDWELL worked as a tax accountant for the
Australian Taxation Office (ATO) for 20 years before becoming a
tertiary level lecturer in taxation and management accounting. Rod
has written three other books on Australian business accounting and
tax law. Visit his website at
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