Monthly archives for February, 2014

Jeff Banks Blog 28 February – Is that really Service

by Jeff Banks

QUOTE OF THE WEEK

I am sorry but I got angry this week and am going to unload here in my blog. So firstly let me use a quote from a movie to set the tone and I take it from one of the all-time angry movies the 1993 -…

Lodgement of December BAS

by Jeff Banks

Today is the last day for lodgement of your December BAS.

What most business people don’t know is that, unlike the other quarters, there are no extensions of time available for tax agents for the lodgement of the December BAS. It has to be lodged…

Summary of Tidbits in February

by Jeff Banks

The video today is a summary of all subjects we spoke about during the month of February. We spoke about land tax, workers compensation insurance and payroll tax. All of which can de dangerous for the business person.

 

If you have any queries, go back and…

Other taxes on a BAS

by Jeff Banks

 

Today we talk about other taxes that might need to be declared in your BAS. We all know that GST and PAYG withholding for your employees should be declared.

Fringe Benefits Tax (FBT) , Wine Equalisation Tax (WET) and other taxes may as well need…

Pesky Acronyms

by Jeff Banks

 

Tidbits of the day:- FBT (Fringe Benefit Tax) applies to non cash benefits such as cars.  FBT is not for all employees. If you think you are in the firing line for FBT or any other tax. Please contact us at Banks Consultancy and…

Land Tax and the Discretionary Trust

by Jeff Banks

 

Tidbits of the day:- Land Tax as it applies to Discretionary Trust.  Even though a discretionary trust can be distributed with discretion some states may not have thresholds as individual may. Let us help you understand your liabilities and keep you compliant

Jeff Banks Blog 21 February – Investors need value not how successful you will be

by Jeff Banks

QUOTE OF THE WEEK

Over the past few days I have been with a client looking at potential investments opportunities in country NSW. One of the overwhelming factors in appreciating the potential of various opportunities got me diverting a little from my usual quotation source, this week an Albert Einstein…

Jeff Banks Blog 14 February – Why not just say what sets you apart

by Jeff Banks

QUOTE OF THE WEEK

In honour of the date being Friday 14 February I went to the movie which shares today with its name – the 2001 offering Valentine and found this quote:

    “Adam’s not a drunk he’s a borderline addictive personality who happens to like alcohol a lot”

Notwithstanding all…

BAS & Payroll Tax are due

by Jeff Banks

 

Tidbits of the day:- Monthly BAS & Monthly IAS  & Monlthy Payroll for January need to be lodged and payed today.

Land Tax Thresholds for each state

by Jeff Banks

Tidbits of the day:-  There are a lot of things you need to consider when thinking about land tax and amount payable. Such as state base taxes payable & thresholds, each state calculates this at a different rate. One of our trained consultants here…