GST and bodies corporate

Article Abstract:

The body corporate and their issues regarding General Service Tax (GST) are discussed. If their turnover exceeds $50,000 a year, they are bound to be registered as GST payers and any body corporate that becomes a registered entity would need to charge its members levies on a GST-inclusive basis and remit the GST to the government at the usual one-eleventh of the gross amounts involved.

author: Renton, Nick
Analysis, Corporate taxes, Corporations, Taxation of services, Service taxes

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Readers forum

Article Abstract:

This article consists of questions from readers and answers from the editors of this journal. Issues addressed include problems with pension funds and how to manage a shared portfolio.

Management, Evaluation, Portfolio management, Pension funds

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Forgotten protection

Article Abstract:

Disability insurance is necessary to protect income while out of work due to illness or disability. Premiums increase as the insured ages, but remain tax deductible.

Purchasing, Protection and preservation, Income, Disability insurance

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subjects list: Australia
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