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Archive for March, 2012

The Importance of the Australian Business Number and PAYG Taxes

Wednesday, March 21st, 2012

Has your business registered an Australian Business Number yet? Aside from being one of the most important business acquisitions you will ever make, Australian Business Number will also allow you to open bank accounts, trade with other businesses, purchase domain names and build credibility in land-based and online marketplaces. Perhaps more importantly, your Australian Business Number will help you to bring in all the money that you are entitled to.

What is PAYG Withholding Tax?

PAYG withholding tax is applied to transactions where another business is paying money into your own operation. If your Australian Business Number isn’t included on the invoices that you send out, other businesses are obliged to hold back a percentage of the money for payment to the Australian Tax Office. Display it, and your invoices will be paid in full.

Everybody is obliged to pay tax on their earnings. An Australian Business Number shows other business entities that you have been in contact with the Australian Tax Office and that the government is aware that you work as a business entity. Tax income supports the economic growth of Australia and having valid identification in place proves that you are already making contributions.

The Australian Business Number and GST

Goods and Services Tax is charged at a rate of 10%, and it is now applied to the majority of consumer product and service purchases within the Australian marketplace. If your business turns over $75,000 or more every year, you will need an Australian Business Number to register for Goods and Services Tax. It will help you to claim GST relief and to claim fuel tax credits from the government.

PAYG Tax Exclusions

Under some circumstances, you can be excluded from paying PAYG withholding taxes even if you don’t have an Australian Business Number in place. If you are a non-profit organisation or charity, you will not be expected to make the 46.5% contribution and you won’t have to register for Goods and Services Tax until your annual turnover exceeds $150,000.

Withholding taxes will also be waived if an invoice is sent out for any sum of $82.50 or less, and you will not have to make contributions if you are less than 18 years of age, the employee of a company or receiving payments of $120 or less each week. Under these circumstances, you will need to provide a written statement to clarify your position.

Finding Real Estate Agent in Australia

Wednesday, March 21st, 2012

Australia has a prominent reputation of Real Estate Agents with professional result yet reliable in terms of trust. Among other Real Estate Agents from all over the world, Australian Real Estate Agents too have a knowledge and experience on the business and establish a good relationship with their clients whether to buy or to sell.

A well-known Real estates organization is the L.J. Hooker Real Estate Agents. With a good reputation built since 1928 by the founder Sir Leslie Joseph Hooker, he has created an agency based on trust and is widely renowned. Nowadays, L.J. Hooker is services all over Australia and continues to provide clients the business in good hands in terms of investment and multiplying the commerce.

If you are interested in residing the state of Western Australia, then Ockerby Real Estate in Perth can be a good choice. With over 40 years of status, they maintain a broad Real Estate service with the support of direct property expertise. With agents that are excellent in their work such as Bev Ockerby shows a high quality professional yet personal service. And Phillip Smith who is an expert to his career yet still demonstrates a friendly and courteous attitude.

While Laing+Simmons in New South Wales, is one of the top real estate or commercial agents in business today. Started in 1967 by Doug Laing and Spencer Simmons, they hold residential agencies as well as commercial offices in the Sydney CBD or the main regional districts. Laing+Simmons guarantees excellent result as they provide unequaled local information and experience.

Known as Alpine Agents, the John Bailey Real Estate focuses their business on the wondrous Victorian Alpine Area. Earning the respect and trust of most clients, they have built a reputation that attracts many costumers. Winter activities like Skiing and Snowboarding, etc. have been an attraction in the Victorian Alps on which people are drawn to reside there. Summer activities are also available including biking, hiking, and bushwalking. With 24 years of business, they have been a good help and guide on living in the Alps.

If your interest is on Furnished Apartments or from another place that wants extended stay accommodation, Corporate Housing is a good choice. They cover all the major capital cities of Australia. By going to this agency you can save more expense by at least forty percent contrast to hotels and apartments. Corporate Housing offers a personal service to clients and responds immediately to their needs and requirements in searching of a location. And don’t forget the 24/7 assistance when you are relocated.