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TEST

by Jeff Banks

This is a test blog post.

Today subject ‘Risk vs. Return’. It is important to think about the risk vs. return when setting up strategies dealing with investment properties.

Negative gearing of a property is effectively a gamble between the short term contribution that an investor…

Pesky Acronyms

by Jeff Banks

Today subject ‘Risk vs. Return’. It is important to think about the risk vs. return when setting up strategies dealing with investment properties.

Negative gearing of a property is effectively a gamble between the short term contribution that an investor needs to make and the…

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

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…

I own property in different states

by Jeff Banks

 

Tidbits of the day:- Owning properties in different states can be tricky, each state has different thresholds and different rate of land tax. Here at Banks Consultancy we can walk you through the provisions of each particular state and help you work out if…