Chapter 1. geography, people and language. Think and talk. Do you know the full name of Britain? Do you know the geographical features of this country? Do you know its major cities, London, Ed…
To help, we’re going to break down what there is to know about inheritance tax in Australia. We’ll look at what inheritance tax is, the current Australian Taxation Office (ATO) rules on inheritance tax, and some specific situations like whether the Australian superannuation death benefit is ...
Often referred to as a TFN, a tax file number is important for all Australians – and not just for tax purposes. Whether you have one or need one, here’s the lowdown on tax file numbers in Australia. What is a TFN? A tax file number is a 9-digit number provided to you by the...
Use tax is a required contribution on sales of goods and services purchased out of state or in instances when sales tax was not collected by the retailer.
Superannuation is an organizational pension program in Australia created by a company to benefit its employees. It is also referred to as a company pension plan.
John McLaren
An LLC is a business structure that establishes a company as a separate entity, providing liability protection for the business owner. This means the owner(s) of the business cannot be held financially responsible for business debts or money judgments against the business as a result of legal ac...
Copper: Highly conductive and so widely used for electrical wiring, plumbing, and industrial machinery. Copper is mined worldwide, most notably inChina, Peru, and Chile. Iron Ore: One of the rawest forms of metal commodities. At present, Australia has the largest iron ore reserves with over...
All registered company’s annual financial statements are to be submitted to a regional tax office once a year. Financial statements consist of the following: Balance sheet; Cash flows; Profit and loss statement; and Statement of changes in equity. ...
Say you use a credit card to buy a jacket that costs $100 at a boutique. Data about the purchase goes to the boutique’s bank. The store pays a fee for this service, including the interchange fee. If the interchange rate is 2% of the purchase price, the merchant would pay $2. ...