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EOFY 2019/2020 tax planning guide for Business

EOFY 2019/2020 is Approaching!

 

Are you ready to save on tax claim?

Here are some top tips from BOA & Co. Small business owner when it comes to year-end tax planning:

 

  • Check with your accountant or bookkeeper on how you are doing for the financial year. Mark it in your diary to do this in May next year!

 

  • Prepay expenses or delay them until next year depending on your profit.

 

  • No money to prepay?  Order stock from suppliers and ask them to invoice you before 30 June.  (Check with your accountant first.)

 

  • For once, get large asset purchases before 30 June 2020 to get the higher $150,000 immediate write off instead of $1000 next year.

 

  • Make Superannuation payments for deductions in 2019/20 before 26 June, or to delay deductions make them after 30 June and before 28 July.

 

  • Consider stocktaking to get true values, and write off obsolete stock.

 

  • Private Company Loans: Any loan extending beyond 30 June must be documented and any payment terms followed.

 

  • Bad Debts: If you want to claim for bad debts, remember that they must be bad and written off before the end of the financial year. Bad debts cannot be claimed by taxpayers who recognise income on a cash basis.

 

  • Make sure you are on top of the PAYG Withholding tax scales for 2019/20 Click here for more details.

 

  • If you think you are going to pay bonuses, then write them down now and claim the deduction even if paid after 30 June.

 

  • Prepare to record Trust distributions before 30 June.  Many small businesses use trusts as part of their overall corporate structure, and the rules on distributions have tightened.

 

  • Over 60 and need a tax deduction in your business?  Consider putting your Super into Transition to Retirement mode and take 10 per cent pension and re-contribute for a tax deduction.

 

  • Consider moving insurance cover into superannuation to maintain cover in hard times or make premiums more tax efficient. (See a planner as there are plenty of traps on this one.)

 

 

 

   If you are also an Investment property landlord please: 

  • Get your annual Income and Expenditure Statements from your agent.
  • Prepay for any Insurances for Buildings and Contents.
  • Prepay expenses for items like pest control (your pest controller should have vouchers).
  • Do any minor repairs now and bring forward the deduction.
  • If your property is new or less than 25 years old then make sure you have a depreciation schedule prepared by an authorised Quantity Surveyor.
  • Lodge your tax as early as possible to help ensure you receive your refund sooner.
  • Keep clear records of deductible interest and non-deductible as the tax office is clamping down.
  • Consider a PAYG variation for next year to bring forward the tax benefits throughout the year.

 

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EOFY 2019/2020 tax planning guide for SMSF trustee

EOFY 2019/2020 is Approaching!

 

Are you ready to save on tax claim?

Here are some top tips from BOA & Co. for SMSF trustee when it comes to year-end tax planning:

 

  • Check the contributions of all members to this SMSF and to any retail or industry funds to ensure they’re below caps as they apply across all accounts.

 

  • Don’t forget that payment of premiums for Insurance in Super is considered contributions too!

 

  • Make sure Minimum Pensions took to include any increase because of consolidations.

 

  • Check that Pensions Reversionary or Binding Death Nomination is in place. If not, then restructure on July 1 to save on fees and charges.

 

  • Pensions started in June do not need to take a minimum pension for the year.

 

  • Those ages 55-59 and fully retired can consider taking part of their pension amounts as a lump sum.

 

  • In-specie transfer shares from your own names to the fund. This can also be treated as concessional contributions for self-employed if you don’t have the cash to make a deductible contribution

 

  • Consider Spouse and Co-contribution strategies for all eligible members.

 

  • Accumulation stage: Defer tax returns as long as possible.

 

  • Pension stage: Lodge as soon as possible to get those franking credit refunds!

 

 

 

   If you are also an Investment property landlord please: 

  • Get your annual Income and Expenditure Statements from your agent.
  • Prepay for any Insurances for Buildings and Contents.
  • Prepay expenses for items like pest control (your pest controller should have vouchers).
  • Do any minor repairs now and bring forward the deduction.
  • If your property is new or less than 25 years old then make sure you have a depreciation schedule prepared by an authorised Quantity Surveyor.
  • Lodge your tax as early as possible to help ensure you receive your refund sooner.
  • Keep clear records of deductible interest and non-deductible as the tax office is clamping down.
  • Consider a PAYG variation for next year to bring forward the tax benefits throughout the year.

 

Read more

EOFY 2019/2020 tax planning guide for Personal/Family

EOFY 2019/2020 is Approaching!

 

Are you ready to save on tax claim?

Here are some top tips from BOA & Co. for Personal/Family when it comes to year-end tax planning:

 

  • First of all, please consider Job-keeper payment as part of your income.

 

  • Check superannuation contributions for the year to date to see what leeway you have.

 

  • Consider personal contributions for you and/or spouse. Check here for the benefits calculator.

 

  • Consider spouse contribution for spouse earning less than $37,000 for a tax offset of up to $540.

 

  • Prepay margin/investment loans before 29 June.

 

  • Prepay Income Protection insurance premiums to bring forward the tax deduction.

 

  • Review all other rebates such as childcare expenses, dependent spouse rebate, low-income rebate and the tax offsets for mature-age workers and senior Australians.

 

  • If you have a Capital Gain (lucky devil) then check other assets to see if you can trigger any losses to minimise gains.

 

  • Try to defer bonuses or income until new rates apply in 2019/20 and the flood levy is gone.

 

  • Review your own salary packaging arrangements for 2019/20 to ensure it’s within limits and correctly recorded.

 

  • Be smarter with Term Deposits and have them mature after the end of the financial year in the future.

 

  • Change savings accounts into the name of the lower-income spouse before the start of the new financial year.

 

 

 

   If you are also an Investment property landlord please: 

  • Get your annual Income and Expenditure Statements from your agent.
  • Prepay for any Insurances for Buildings and Contents.
  • Prepay expenses for items like pest control (your pest controller should have vouchers).
  • Do any minor repairs now and bring forward the deduction.
  • If your property is new or less than 25 years old then make sure you have a depreciation schedule prepared by an authorised Quantity Surveyor.
  • Lodge your tax as early as possible to help ensure you receive your refund sooner.
  • Keep clear records of deductible interest and non-deductible as the tax office is clamping down.
  • Consider a PAYG variation for next year to bring forward the tax benefits throughout the year.

 

Read more

How to apply for an ABN in Australia

What is an ABN

Your ABN is an 11-digit number that represents your business to the gov, other businesses and the public in Australia. Legally you are required to have an ABN if you want to start an enterprise in Australia, or if you want to register for GST (Goods and Services Tax). 

You are required to register for GST if your business has a GST turnover of $75,000 or more ($150,000 for not-for-profit businesses). 

If you don’t have to register for GST, you are still expected to have an ABN.

How to get an ABN

There are three ways to apply for an ABN in Australia. The following are the methods. 

    • Registered through the ABR, for free (Australian Business Register)
    • Through your Tax agent
    • Download the form, complete it, mail it

You have to be a business entity to apply for an ABN. There are 4 types of entities. 

    • Individual/ sole trader 
    • Partnership
    • Company
    • Trust 

11 Things to note when applying an ABN

These questions are some that you should ask yourself before you apply for your ABN. Your answer will relate to your ABN application as these are the details that you have to give to the government.

  • Do you have a previously registered ABN?

In the case that you have applied for an ABN at a previous date, you must provide the details of your previous application. Use this link to see if you have an ABN already.

  • Are you using the services of a tax agent? 

Tax agents are representatives that can resolve any issues with the ATO on your behalf. If you are currently being represented by a tax agent, you can provide their registration number, which is usually found on an income tax return.

  • Do you have an ACN or Australian Registered Body Number?

All companies and registrable Australian businesses must register with ASIC before applying for an ABN. Once registered, ASIC will give you an ACN or an ARBN (Australian Registered Body Number). 

  • The name of your business 

If you are a business organisation, you must give the legal name of your business entity, which will be shown on all official business documents and legal papers. If you’re an individual, use your own name will suffice.

  • What is your TFN 

You TFN can allow quick application for an ABN online. During the application, you can give your own TFN and/or the TFN of any of your business associates. Without a TFN, your ABN application may be stalled.

  • Where is your business location 

Details such as the following

    • Street address
    • Business activity details 
    • Phone and email contacts 
  • What are your contact details 

You have to nominate a contact during your application to deal with all issues related to the business’s ABN, make changes and updates when required. This could be yourself, or a person who you nominate who will bear this responsibility. 

You have to give these following details for this person.

    • Name 
    • Position held
    • Mobile, phone and fax numbers (if applicable)
    • Email address 
  • The details of your business associates 

Based on your entity (Sole Trader, Partnership, Company and Trust), your business associates may be Individuals or Organisations

    • If your associates are Individuals, then you must provide their 
      • Date of birth 
      • Gender 
      • Position held 
      • TFN 
      • Residential address
    • If they are an Organisation, then you must provide their
      • ACN or ARBN (if applicable)
      • ABN 
      • TFN or address 
      • Date of formation 
  • Describe the main activity of your business 

You will be required to give out what your main income-generating activity is for your business. 

If you work in multiple locations, you may be required to give out the main business activity for each locale.

  • When do you need your ABN 

You have to specify the date when you need your ABN. Typically, it should be on the date that you want to start your business. 

  • Are you providing the correct information 

At the end of your application, you must declare that all the information you have provided is true and accurate. This is to ensure you can be held accountable for dishonesty. 

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Comparison on business structures in Australia

At BOA & Co., we pride ourselves in our ability to give you the best financial advice for your business, so that you can have the ease of mind when opening a new business venture, or when you are planning on expanding your business to the next level. Therefore, this article is dedicated to educate you on the different business structures in Australia and to see which one is most suitable for you. 

The 4 main business structures in Australia are the Sole Trader, Partnership, Company (Private/ Public), and Trust (Discretionary Trust/ Unit Trust). 

With each having their own advantages and disadvantages, and distinct characteristics, we will highlight the key features and issues of each to give you an overall understanding of each structure. 

But first, we believe that for each business it is crucial to have certain key elements, as follows. 

  • You should maximise your personal asset protection 
  • Minimise your tax exposure 
  • Comply with all legal requirements 
  • Allow new partners and investors to enter 
  • Have future access to Discount Capital Gains Tax Concession 

Sole Trader 

Typically in Australia, Sole Traders are small scale business operated by its owners directly, usually by family members and close friends. 

Advantages 

    • Can have direct control over the business and all its success
    • Low costs and minimal legal requirements to start up 
    • Easy to change the business structure
    • Greater privacy
    • Easy to disband 

Disadvantage 

    • Owners have to bear full responsibility for liabilities (unlimited liabilities)
    • Owner’s personal assets may be used to pay business debts 
    • Pay tax for all profits (Business income are taxable, included in their ‘annual personal income tax return’ and taxed at marginal rates)

Partnership 

Partnerships are formed by 2 or more business ventures. Once the partnership is formed, both sides become Owners or Principles of the business. In a Partnership, it is required to have a TFN of its own, since it is considered a new entity. They also bear profits and losses together, as well as set terms and conditions for the duties each side will have to follow. Under the Business Name Act, the name of the partnership must also be registered. 

Advantages 

    • Allows combination of different skills from each side
    • Partnerships are able to receive tax advantages 
    • Usually, partnerships dissolve if one partner passes away 
    • Taxable income or loss of Partnership is shared, according to Partnership Agreement; if not, is still divided between parties 

Disadvantage

    • Unlimited liability spread between Partners, their property and assets
    • Required to lodge Income Tax Return 
    • Each Partner is responsible for other’s share of business liability

Company

Companies can be divided into private and public companies, are run by directors and owned by shareholders. They can also be listed and unlisted on the ASX (Australian Stock Exchange) 

Similar to a Partnership, companies are required to have their own TFN, the business is operated by directors and owned by shareholders. 

Advantages

    • Liabilities are limited to the Company’s assets, will not extend to the owner’s assets (within a limit)
    • All profits are taxed at a fixed rate 

Disadvantage

    • Hard to set up and costly due to compliance costs 
    • Additional legal and financial reporting obligations
    • Not for all business start-ups 

Trust (discretionary and unit trusts)

There are two types of Trusts- discretionary and unit trusts. Trusts are required to have their own TFN, and to have a Trust Deed. The purpose of a Trust Deed is to set out the powers of the Trust, making it legally binding for the parties involved and create asset protection. 

Advantages

    • Can hold properties for beneficiaries
    • Flexible in income distribution (discretionary trust only)
    • Discretionary Trust offer the greatest level of asset protection 

Disadvantages

    • Can be difficult to dismantle
    • Need to lodge a separate Tax Return for the Trust 
    • Beneficiaries pay Personal Income Tax on their income from the Trust 

Should you have any questions about setting up your own business, feel free to contact us

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How to start a business in Australia

If you’re an up and rising entrepreneur looking to start your own business, but have no idea where to start, then this article is for you.

To start, you have to understand what company structures there are, and see which one best applies to you.

Companies in Australia acts as a separate legal entity from its owners. This means that companies have the same legal rights as a person would, such as being able to incur debts, have its legal responsibilities and can be taken to court. As the owner of your company, you are the director for the company’s management and operations. On the other hand, as a shareholder, you are only financially tied to the business.

Business.gov.au has a ‘Help me decide’ tool which you can learn more about which company structure applies to you best. Click here to access it.

There are 2 main types of companies you can choose- Private and Public companies.

Private companies are mainly proprietary companies, such as having an owner or have a trade name. Public companies can be classified as NFP (not-for-profit) or charitable organisation, registrable Australian body, or special purpose company.

Regardless of the type of company that you operate in, your company must be registered with ASIC (Australian Securities and Investment Commision), and you must complete the following 5 steps in order to complete your registration.

1. Choose a name for yourself

Your company name is an integral part of your business. Not only does originality and creativity matters when choosing a name for you company, the name should also reflect the company’s legal status, ensure that it does not breach ASIC’s naming conventions and has not been taken by another financial body in Australia.

If you’re a privately owned company, then your company name should include “Pty Ltd” to show the status of your company as a proprietary company. You should also take care in not naming your company with words such as ‘Bank’, ‘Trust’, ‘Royal’, ‘Incorporated’ without proper government approval, as these breach ASIC’s naming conventions for companies. However, you are allowed to trade under a different business name after you have registered your company’s name. For example, ABC Party Pty Ltd can trade and sign under as ‘ABC Party’ for their business.

2. Choose your company rules (constitutions or replaceable rules from Corporations Act)

There are two types of company rules- Replaceable Rules and Constitutions.

Replaceable rules are a basic set of rules, from the Corporations Act, which guides you on how you can manage your own company. These rules are a guideline for all Australian company which they have to follow.

On the other hand, Constitutions are a set of rules that you form for your company, but also has to be based on and according to the Corporations Act, and has to be kept in company records. With Constitutions, you can tailor your company rules based on the needs of your company, while you only need to follow the rules if you choose Replaceable Rules.

3. Officeholders/ Crucial members of the company

All companies will have to have an appointed secretary, director, and shareholders, which forms the members of the company. Each of your nominated member will have to sign a written consent to show they accept and understand the obligations of their position, which holds them accountable to the company and their compliance to the Corporations Act.

Some examples of common obligations for companies are ensuring that company details are up-to-date, maintaining company records and details on register, pay their lodgement fees and annual fees as required.

4. Share structure

Share allocation to shareholders is also crucial to the company. How many shares per shareholder, what class of shares they will be issued, these are some questions that you will have to think through. Normally, companies will offer ordinary shares to the members of the company, but they must not disclose any information to them.

5. Nominate a principal place of business

Companies will require to have a primary place of conducting business in the form of a registered office. If your registered office does not belong to your company, for example if your registered office is your accountant’s office, you are required to get a written consent from them to use their address for your company.

– Registering with ASIC

Register via the Australian Government Business Registration Service

One you have done the above 5 processes, you can begin lodging your application to register with ASIC via 3 following ways.

  • the Australian Government Business Registration Service.
  • Use private service provider through your accountant or solicitor
  • Lodge a paper form directly with ASIC

Once you’ve completed your registration form, given out all required information, signed and paid for the lodgement fees, you will receive an Australian Company Number (ACN).

  • After you have registered

Once ASIC has approved on your registration, they will send you a certificate of registration and a corporate key. The corporate key is a unique number that represents your company, and you are required to create an account online and make sure the details of your company are accurate.

As the owner of a registered Australian company, you have to make sure that your company’s name is on display when conducting business and is open to the public. You also required to show the ABN and ACN of the company on all documents that are published by the company.

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为什么澳洲ABN会被取消?

在澳大利亚,ABN被ATO取消的事并不少见。一般被取消的情况下,你会收到从ATO发给你的信件通知你的ABN被取消了。也因为此事,很多人都会问起自己能否再次申请ABN,会不会被拉黑,同时也会忽略了ABN在澳洲的重要性,还有经常分不出和TFN的区别。

ABN与TFN的最大区别是在于TFN是永久性的,一旦申请了是不会过期的。反倒ABN会受到严格调查,还有是有一个有效期的,需要定期更新。

ABN,全称Australian Business Number, 中文称澳大利亚商业号码,在澳大利亚做生意是必备的。同时,澳洲商业登记处(ASIC)会经常和不定期的频率查看每个人的ABN。原因是来确保申请人是有足够的证明和合理原因申请ABN。在ASIC决定你的原因不符合他们准则的情况下,你现在拥有的ABN将会被取消,并且会受到通知还有具体ABN被取消的原因。

以下会列出一般常见ABN被取消的原因

:
1.你有注册GST但没有交BAS表格
BAS表格,称商业活动报表, 目的是让税务局ATO更能理解你生意的经济状况,收入支出还有给了多少GST等等。而且根据澳洲商法规定,每个生意可选在每月,每季度或每年度申报。一旦你没有遵守这个规定,你有可能会被税务局被视为逃税等违反准则的行为,因此取消你的ABN。

2.你报税的表上没有写明有与任何商业相关的收入 (意味着ASIC在怀疑你生意的收入来源,还有你收入的合法性。)

3.你无法说明你有做出开业的实际行动(比如购买原材料,机器,交了店铺和办公地点的租金,获取营业执照等属于开业的实际行动)

4.ASIC认为你的公司不存在(非规律或频繁的经营,没有赚钱的意图,没有细节计划生意,生意没有记帐本或保留支出收据等)

5.你和付款人被ATO查到有类似像雇佣关系的协议 (你生意的商业交易不符合生意的本性,比如说,你不能控制你上班还有完成任务的时间还有地点,或者)

ABN被取消过后,你所做出的改变也会影响到你能否成功再次申请ABN的机会率。一旦被取消后没有做出实际的改变,ASIC有权取消你以后申请ABN的资格。如果你在短时间内再次申请ABN,你也会被ATO调查,并且会要求你提供与你生意有关的证据(店铺租约,原材料购买收据等等)。因此在你想在澳洲开发你的生意之前,你必须准备好充分的证据来证明你创业的目的。


BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。

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小生意税务减免

许多刚来澳洲的新移民投资者想要自己经营小生意却不了解澳洲的税务系统,不知道自己该如何合理避税,使自己创办新生意时备受阻碍,缴付过多税款。这篇文章主要是来帮助大家了解澳洲政府鼓励小生意发展的一些税务优惠政策。

1.资格条件

为了能够享受到一系列的税务优惠,投资者每年都需要证明并复核企业在财政年度属于“small business entities”。自2016年7月1日起,凡是同时符合以下两个条件的个体经营商、合伙企业、公司或信托机构均属于小企业(即小生意):

-在财政年度全年或部分时间经营业务
-累计营业额少于1000万澳元(营业额门槛)。

除小企业所得税税务抵销,资本增值税(CGT)优惠和附加福利税(FBT)优惠外,1000万澳元的营业额门槛适用于大部分优惠。以上不是用的优惠将在文中详细分析。对于2016年6月30日及之前的财政年度,您的营业额必须少于200万澳元,才有资格享受小企业实体优惠。

怎样核实您的企业是否属于小企业实体呢?核实小企业实体需要满足以下三个条件之一:

-上一财政年度的营业额少于1000万澳元;
-当年的营业额预计少于1000万澳元;
-当年年末的实际营业额少于1000万澳元。

当年营业额的估算方法和时间上存在一些限制。如果您以实际营业额申请,可能无法享受一些优惠。如果是2015/16年或之前财政年度的报税,估算营业额以及之前两个财政年度中任意一年的营业额都必须少于200万澳元。

提示:累计营业额=本企业年度营业额+关联或有关企业年度营业额;年度营业额是指您的企业在财政年度的正常营业过程中获得的所有一般收入,它指的是总收入,而不是净利润。在计算年度营业额时,要扣除交易中收取的消费税。

企业在某个财政年度不属于小企业仍然可以享有CGT优惠(如果您通过了600万澳元最高净资产值测试)和FBT停车免税(如果在相关FBT年开始前结束的财政年度,您的毛总收入少于1000万澳元)。

2.小企业享有的税务优惠

所得税优惠

小企业所得税抵销
营业额门槛:小于500万澳元(2016年7月1日起)或小于200万澳元(2016年6月30日之前)。 抵销额度:净收入应缴纳税款的8%但不得超过1000澳元;2015/16财政年度,营业额小于200万澳元的小企业ATO会根据您在报税表中列出的金额来计算抵销额;2016/17财政年起,营业额小于500万澳元的小企业税务抵销为5%但不得超过1000澳元;2020/21财年税务抵销为13%;2021/22财年增加到16%。

公司税税率优惠

-2015/16财年,累计营业额少于200万澳元并从有经营活动的小企业,公司税税率为28.5%;
-2016/17财年,累计营业额少于1000万澳元并从有经营活动的小企业,公司税税率为27.5%;
-2017/18财年起,需要达到基本税率企业的要求来享受更低的税率。

CGT优惠

门槛:如果年营业额少于200万澳元,购置的资产用于开展业务。将享受以下CGT优惠

-15年豁免
如果您年满或超过55周岁,已经退休,并且您的企业拥有某个资产达15年,那么您在出售该资产时无需支付CGT。

-50%活动资产抵扣(用于开展业务的资产)
如果您拥有某个活动资产,那么您在处置该资产时,只需支付50%的资本增值税。

-退休豁免
对于销售活动资产所产生的资本增值税,一生最多可以享受500,000澳元的豁免。如果您未满55周岁,必须将豁免金额支付给符合条例的退休公积金基金或退休储蓄账户。

-转户存入
如果您处置某个活动资产,并购买替换资产或改进现有资产,那么您可以延迟一年支付资本增值税。

GST和烟酒燃油税优惠

营业额门槛:2016年7月1日之前,200万澳元;2016年7月1日起1000万澳元

GST
可以以现金方式(cash basis)核算GST,即您仅在完成销售并收到相应付款后才需缴纳GST。可以分期缴纳GST,并对于您所购买的部分用于个人的项目,申请GST全额减免。然后,您可以在年底针对个人使用比例进行一次调整。

-烟酒燃油税优惠
您可以申请延期缴纳烟酒燃油税和相当于烟酒燃油税的关税从每周申报改为每月申报。为此,您需要以书面形式申请变更您的定期结算许可(PSP)。

FBT 优惠

营业额门槛:2017年4月1日之前,200万澳元;2017年4月1日之后1000万澳元。

-FBT停车免税
在有些情况下,可以因员工停车而享受FBT免税

-FBT与工作相关设备免税
自2016年4月1日起,如果您在同一个FBT年为员工提供一个或多个办公用便携电子设备,例如笔记本电脑、平板电脑、计算器、GPS导航接收机以及移动电话,那么这些设备免于征收FBT。

PAYG分期优惠

营业额门槛:2016年7月1日之前,200万澳元;2016年7月1日起,1000万澳元。作为小企业您可以按照ATO计算的金额分期缴纳PAYG,或者在每个季度调整该金额。


BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。

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什么是自我管理养老金

关于自我管理养老金(SMSF)

首先,这里先介绍下自我管理养老金的概念,自我管理型养老金,英文缩写为SMSF,也称为自雇型或自我管理型养老金,是养老金的一种类型,也是一种信托形式,旨在使养老金帐户成员可以直接控制养老金的投资。自我管理养老金的会员可以算作是独立的受托人或公司受托人的董事,负责养老金的运营和投资,并负责制定投资策略和确保养老金的法律合规性。

 

自我管理养老金的优点

澳大利亚市场上有许多类型的养老金,基于行业的养老金,基于团体的信托养老金,零售型信托养老金,政府公务员养老金和自我管理养老金。那么在这众多的养老金类型中,为什么选择自我管理养老金呢?

一、投资自由且多样

自我管理养老金的会员有决定权,可以自主决定投资在哪里,这就是大多数人建立自我管理养老金的主要原因。

因为在团体,零售或行业类型的养老金中,成员没有投资决策权,不知道自己的钱投资于何处,也无法配置自己的养老金资产。而且,在其他类型的养老金中,会员不能直接投资房地产。但自我管理的养老金可以投资于租赁物业或商业房地产,并可以购买国内外股票债券或小型封闭式基金,所有这些都由会员自行决定。

二、费用低以及高收益

与基于行业或零售型养老金相比,自我管理型养老金会员更加重视风险管理,并且长期福利要优于其他类型的养老金。

自我管理的养老金的会员可以比较市场上的运营费用,并以最合理的价格选择合适的服务提供商(例如会计,审计,金融投资顾问和股票经济学)。其他类型的养老金通常按比例收取(0.5%-1.5%),因此,养老金金额越高,支付的费用也越高。

三、合理避税

为了鼓励人们老年生活幸福,澳大利亚减轻了政府负担,并给予了养老金特别税收政策。在澳大利亚,自我管理的养老金和家庭信托,公司和个体企业相辅相成,是省钱的有效途径。在自我管理养老金的累积阶段,投资收入的税率为15%,资本收益的税率为10%。一旦转入退休阶段,如果帐户金额少于160万澳元,所有投资收入和资本增值将享受0%的税率。

四、财富传承

自我管理养老金的成员通常由家庭成员组成,并且最多可以有四个成员。自我管理的养老金可以考虑到每个成员的利益并进行有效的遗产规划。当父母和孩子都是退休金成员时,父母可以在计划退休金时使用自我管理的退休金来转移家庭财富。

 

自我管理养老金的不足

第一,自我管理养老金最大的不足就是会员需要花时间和精力去管理自己的信托。作为受托人,成员对所有决定负全部责任,并且需要遵守法律和法规。第二,法律上,澳大利亚的退休金法对自我管理的退休金投资,存款和养老金有一定的规定,因此,成员需要十分了解有关于此的法律。第三,自我管理养老金只适合高资金账户,因为如果自我管理养老金账户的金额太低,则年度运营支出(包括会计,审计等)将是一笔大支出,因此会员应确保自我管理养老金账户的金额足够高,并且投资效果好,成本比降低。

自我管理养老金的策略

一、分立账户

当进入退休阶段时,可以设立多个养老金退休分账户,明确分开税前和税后养老金,特别是当一次性投入大额的税后养老金存款,并用这笔钱开始退休帐户。其次,当领取的养老金多于最低领取标准时,可以选择先从税前养老金比例较高的账户开始。通过使用这个策略,能将免税额高的退休账户金额尽可能地保存下来。并且,当您的成年子女将来继承您的养老金时,会因此减少很多税务支出。 这个策略适用于养老金的遗产规划。

二、注册税号(ABN&TFN)

通过自愿注册商品和服务税进行自我管理的养老金可以每季度或每年向澳大利亚税务局申请75%的退款。如会计师,理财师和股票交易费,两者都包括商品和服务税,特别是如果您是自我管理的话,养老金中有商业物业,可以买卖商业物业以出租,因为许多费用都包括商品和服务税。此策略适用于费用较高的自我管理养老金。

三、房产投资

自我管理的养老金可以直接投资于住宅和商业物业、工业、农场和仓库建筑。房地产直接投资不仅具有月租金收入,而且具有长期资本增值。并且享受优惠税率的养老金,租金收入退休阶段累积阶段征收15%的税(<$ 160万)租金免税。此策略适合喜欢房地产投资的人。

四、实物投资

自我管理的养老金会员可以使用自己名称下的上市公司证券或商业房地产,以会员身份转移到自我管理的养老金或出售养老金。实物投资与房产投资有些相似,实物投资所产生的投资收益和资本增值按 15%和 10%纳税。如果养老金是处于退休阶段且少于$160 万,税率则是零。这点则与房产投资基本相像。此策略适合以个人名义持有股份或房地产投资。

 


BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。点此了解更多。

 

 

 

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用养老金买房合法省税又省心

首次置业养老金存款体系(FHSS Scheme – First Home Super Saver Scheme

如果你觉得养老金只能用作于退休,这就错了,因为澳大利亚政府在2017年12月已经颁布了一项新政策来减轻购房负担:你的养老金可以用于购买首套住房。而且,那些希望缩小居住面积的购房者可以不受许多常规限制,将售房收益转入其养老金账户。

这项新的养老金政策在2018年7月1日正式实施。我们今天将就此新政策为您分析其有利及不利的地方。

 

新政策有哪些适用条件呢?

–          18岁及以上、且在澳洲从未拥有过房产的人(包括自住、投资房、商用房及合买)

–          过去从未要求养老金释放过FHSS供款

–          你的养老金账户接受FHSS供款

–          自管养老金(Self-Management Super Fund)需确保信托契约( super deed)有相应条款允许其在此政策下提款

–          FHSS不可以用于购买船屋、房车、空地或者任何不适合居住的产权

从2017年7月1日起,首次购房者可以向养老金账户进行税前供款(例如和雇主协议,进行薪金牺牲(salary sacrifice))或是税后供款,这些供款在2018年7月1日后可以提取出来。每个人每年向养老金供款的额度是1万5千澳元,且总上限是3万澳元。然而,需要注意的是雇主所支付的强制保障养老金(super guarantee)是不能被提取出来的。

 

使用养老金购买首套房的利和弊?

FHSSS(首次置业养老金存款体系)可以帮助您存房子的首付,并且会给您带来税务及养老金上的福利。

尤其对高收入的纳税人而言,FHSSS中最大的好处是您不需要真的用FHSS的供款来购买首套住房。您其实还可以将其供款提取出来,并在同一年内再存入养老金账户:这就利用到了税务抵扣,来获得比普通存款更高的收益。

并且,您可以选择税前供款,也就是说,您不需要缴税来向养老金账户进行供款:养老金要缴15%的税,且其所产生的收益也是缴交15%的税。实际上,如果你的净收入高于2万澳元,即你的个人税率就高于15%,那么税前供款这个方式就比较适合您。

另外的好处是夫妻两人可以同时用这个方法,这就让养老金额度提到到6万澳元。

当你准备购买房子,你需要向税务委员会(Commissioner of Taxation)提交申请,获得首次置业最高提款额,并提取FHSS存款及其推定收益,来支付房子的首付。这笔金额会以您的边际税率(Marginal tax rate)减30%的税务抵扣(Tax offset)来缴税。

 

案例分析

案例1:在2018财年,Lucy年收入有10万澳元,她的雇主付了她9500澳元的强制保障养老金(9.5%的强制保障养老金)。此外,她和她的雇主达成了薪金牺牲的协议,即每个月向养老金账户转1000澳元的供款。并且她每年向自管养老金供款12000澳元(SMSF)。2018年6月18日,Luck又向自管养老金转了5000澳元的优惠供款(Concessional Contribution)并且她在个人报税上申请了抵扣。

 

她的养老金供款总额是:

强制保障养老金:9500澳元

薪金牺牲供款:12000澳元

优惠供款:5000澳元

总计:26500澳元

 

薪金牺牲供款中的12000澳元加上5000澳元中可做税务抵扣的3000澳元的供款,即总计15000澳元可以用作于每年的FHSSS供款。

意思就是Lucy可以申请对15000澳元中85%部分进行放款,或用12750澳元及其推定收益来支付她的首套置业。

 

案例2:根据政府信息,例如一个人年收入有70000澳元,月收入的10000以薪金牺牲的方式对养老金供款。三年过后,可用于购房首付的存款最高的会有大概25892澳元,即比在一般账户中存款多了6210澳元。

当然了,我们必须要考虑相关的管理费用,以及这三年内我们若通过其他投资渠道或许能获得更多的收益。

 

养老金是一个存钱省税的好方法,如果你合理的运用方法,它会让你的退休生活变得安全省心。如果你对新政策仍有疑问,请咨询我们专业的会计来为您定制最优的方案。在下一节中,我们会继续解析将售卖房产所得获利供入养老金的利与弊,敬请关注!

 


BOA & CO. 是一家总部设置在悉尼北岸金融中心(Chatswood)的综合性专业咨询悉尼会计事务所,在财务,税务,融资和信贷领域拥有深厚专业知识和广泛合作伙伴的咨询服务企业。BOA & CO. 拥有澳洲特性注册会计师(Chartered Accoutant),注册理财师 (Financial Planner),澳大利亚税务局注册税务代理(Registered Tax Agent),注册信贷经纪人(Mortgage Borker)的专业资质并且为 Intitue of Chartered Accountant, The Tax Institute and MFAA的专业会员。

 

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