Lesson 4 - Taxation obligations and business structure
Outcomes (What you need to know and be able to do)
• Explain the importance between effective book keeping
and tax obligat...
From last lesson…….
Outline one benefit of a cash book
Benefits of a cash book
determine the cash balance.
keep a tight control on the cash
monitor the business’s cash flow positi...
Commonwealth government taxes
PAYG is a system whereby tax is taken directly from an
employee’s salary or wage.
Company Tax
Company tax is charged against the earnings of a company.
The tax is calculated on the profit of the company at...
Fringe benefits tax (FBT)
A fringe benefit is a benefit provided by an employer to an
employee or their wife or husband in ad...
Capital gains tax (CGT)
Capital gains tax is a tax calculated on transactions involving
profit earned from the sale of asse...
State Government Taxes
Payroll tax is charged against a business based on the
payroll of that organisation.
Stamp duty is payable by individuals and businesses for
transactions involving the purchase of items such as land,
buildin...
Land tax is a tax on land owned by individuals or
organisations.
Land Tax
Upcoming SlideShare
Loading in …5
×

Lesson 4 taxation obligations and business structure

391 views
352 views

Published on

Published in: Education, Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
391
On SlideShare
0
From Embeds
0
Number of Embeds
209
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Lesson 4 taxation obligations and business structure

  1. 1. Lesson 4 - Taxation obligations and business structure
  2. 2. Outcomes (What you need to know and be able to do) • Explain the importance between effective book keeping and tax obligations • Outline the taxes in Australia • Explain how a business structure can influence its tax obligations • Calculate the amount of tax a business is obligated to pay in case studies 
  3. 3. From last lesson……. Outline one benefit of a cash book
  4. 4. Benefits of a cash book determine the cash balance. keep a tight control on the cash monitor the business’s cash flow position — that is, the money coming into the business and the money leaving the business
  5. 5. Commonwealth government taxes PAYG is a system whereby tax is taken directly from an employee’s salary or wage.
  6. 6. Company Tax Company tax is charged against the earnings of a company. The tax is calculated on the profit of the company at a rate of 30 per cent.
  7. 7. Fringe benefits tax (FBT) A fringe benefit is a benefit provided by an employer to an employee or their wife or husband in addition to wages, superannuation or other traditional rewards.
  8. 8. Capital gains tax (CGT) Capital gains tax is a tax calculated on transactions involving profit earned from the sale of assets.
  9. 9. State Government Taxes Payroll tax is charged against a business based on the payroll of that organisation.
  10. 10. Stamp duty is payable by individuals and businesses for transactions involving the purchase of items such as land, buildings and motor vehicles. Stamp duty tax
  11. 11. Land tax is a tax on land owned by individuals or organisations. Land Tax

×