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Videos uploaded by user “Australian Taxation Office”
SMSF trustees – individual or corporate
 
02:28
Deciding on the type of SMSF trustee is important. This video will help explain the difference between individual trustees and corporate trustees?
Starting your business -- Registering your business: Tax basics for small business
 
02:39
This video looks at the different registration requirements for your business, such as Tax file number, Australian Business Number and goods and services tax. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Tax basics for small business - personal services income (PSI)
 
04:43
Are you new to small business? Our 'Tax basics for small business' videos are here to help! This series will explain more about how to better manage your tax, super and reporting requirements, including step-by-step instructions and link to resources. This short video explains personal services income and how it may apply to you and your small business. Find more smallbiz tax tips at https://ato.gov.au/taxbasicsvideos.
Business deductions - Home office expenses: Tax basics for small business
 
04:30
In this video you will learn about what deductions you can claim if you operate your business from home or if you have a home office. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Choosing your business structure: Tax basics for small business
 
03:26
This video explains the business structures available to you when you run a business and how tax may apply to the different structures. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Tax basics for small business - overview
 
05:27
Are you new to small business? Our 'Tax basics for small business' videos are here to help! This series will explain more about how to better manage your tax, super and reporting requirements, including step-by-step instructions and link to resources. This short video helps to explain the differences between 'hobby' and 'business', and how tax applies to different business types. Find more smallbiz tax tips at https://ato.gov.au/taxbasicsvideos.
What happens if you go over the super contributions caps?
 
01:46
Making contributions over the super caps has specific consequences depending on your age and the type of contribution you make. This short video will outline those consequences
SMSF annual obligations
 
01:38
Make sure you meet all your SMSF obligations before lodging your fund's annual return.
Record keeping: Tax basics for small business
 
05:21
In this video you will learn about what business records to keep so you can meet your tax obligations. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Selling a rental property that was your home
 
03:18
This video explains the special capital gains tax rules that apply when you sell your property that was used for renting and also as your home.
Selling your rental property
 
02:47
When you sell your rental property, you may have to pay tax on any capital gain or loss you make on it. This video explains what is a capital gain or loss, how it's calculated, and eligibility for the 50% discount.
Working out your income tax
 
06:36
This video explains how tax is calculated on your business profits, how the pay-as-you-go instalment system works and what happens when you make a business loss.
Business deductions - Depreciation: Tax basics for small business
 
01:50
This video explains what is depreciation and how to work out the amount you can claim on your business assets. For more information, visit https://www.ato.gov.au/TaxBasicsVideos
Tax basics for small business: Paying workers - Is your worker an employee or a contractor?
 
05:27
When your business engages a worker, you are responsible for correctly determining whether they are an employee or contractor and meeting the required tax and super obligations. This video will help you determine whether a worker is an employee or a contractor. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Buying a rental property
 
03:26
This video highlights some tax tips and issues to consider when buying a rental property.
SMSF – Setting up your SMSF
 
02:21
Here are some of the key steps you need to take when you set up your SMSF.
Paying workers - Pay as you go (PAYG) withholding: Tax basics for small business
 
03:31
If you employ a worker or if you are a director of your company, this video explains the pay as you go withholding obligations you have as an employer. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Business deductions: Tax basics for small business
 
03:57
This video explains the expenses you can and can't claim as a deduction in your small business. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Simpler BAS for small business
 
01:32
We've listened to the concerns of small businesses, tax professionals, industry associations and software providers, and are working towards reducing GST compliance costs for small businesses. We're reducing the amount of GST information required for the business activity statement (BAS) to simplify GST record keeping and reporting requirements.To learn more, visit https://ato.gov.au/simplerBAS
Activity statements: Tax basics for small business
 
02:24
This video looks at what is an activity statement and what to do when you receive your statement. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
How to keep records for GST
 
02:00
Tips for good recordkeeping to help you complete your BAS quickly and correctly. More information on GST and record keeping is available at https://ato.gov.au/recordkeeping For more information about practical and tailored advice for small business owners visit https://ato.gov.au/sba
Protect your personal information
 
01:35
Did you lock your front door today? Protecting your personal information is just as important. So do you know what you need to protect and how? Watch our video and make protecting your personal information part of your day. More information is available at http://www.ato.gov.au/identitycrime
How SBR works
 
02:31
How Standard Business Reporting (SBR) works was created to help explain the SBR process and make it easier to understand. SBR is a new system available to businesses Australia wide. SBR is fast, efficient and completely transparent. The software assists businesses in filing away important information during working hours saving valuable time. More information about SBR and how it can help you visit https://www.sbr.gov.au
SMSF - Related party transactions
 
03:02
Can your SMSF conduct transactions with related parties? Watch this video to understand the rules and the pit falls. Learn more at https://www.ato.gov.au/super/self-managed-super-funds/investing/restrictions-on-investments/acquiring-assets-from-related-parties/
New to Australia: Your tax file number (TFN) (English)
 
03:29
This story features ‘Isha’, an Indian international student working part-time. Isha explains how to apply for a tax file number (TFN) and keep it safe, how to start keeping good records to help you when you do your tax return, and free help and information available through ATO social media channels. Available in spoken languages: Arabic, Cantonese, Dari, English, Farsi, Korean, Mandarin, Nepali, Punjabi, Vietnamese. More information: • Learn more about tax and super, visit https://ato.gov.au/otherlanguages.
Claiming depreciation and building deductions for your rental property
 
03:36
This video explains the deduction you can claim for the depreciation of assets in your rental property and building construction costs.
Claiming repairs and maintenance for your rental property
 
02:26
This video explains what are repairs and maintenance and whether you can claim a deduction for your rental property.
SMSF – Arm’s length
 
02:26
Are you conducting your SMSF’s transactions at arm’s length? If you aren’t sure, watch this video and learn more about what this means.
Employee or contractor? Avoid the myths
 
01:40
There are myths about whether a worker is an employee or contractor. Businesses are responsible for getting it right. To get help and an answer you can rely on, use our Employee/contractor decision tool available at https://ato.gov.au/ec.
English - Your business and tax: Different kinds of tax
 
02:55
Chapter 3 of 11 - English There are a number of different taxes, which businesses have to pay in Australia. Watch to find out more. If you are about to start a small business, 'Your business and tax' will help you understand what you need to know about your business and tax in Australia. Also available in Arabic, Cantonese, Korean, Mandarin and Vietnamese. Your business and tax runs for about 30 minutes in chapters covering topics such as business structures, registrations, GST & the BAS, record keeping and employing people. To find out more about the ATO's range of information and services in other languages, visit http://www.ato.gov.au/otherlanguages
SMSF investment strategy
 
02:31
Your SMSF's investment strategy is the framework that guides your investment decisions. It pays to have a good investment strategy that is regularly reviewed. Watch this video to learn what factors your SMSF's investment strategy needs to take into account.
New to Australia: Paying tax and super (English)
 
02:31
This story features ‘Ahmad’, a refugee from Afghanistan who is still new to Australia. Ahmad introduces the Australian tax and super systems. Also available in spoken languages: Arabic, Cantonese, Dari, Farsi, Hazaragi, Korean, Mandarin, Nepali and Vietnamese at http://www.ato.gov.au/newtoaustralia To learn more about tax and super, visit http://www.ato.gov.au/otherlanguages
Paying your tax: Tax basics for small business
 
02:21
This video explains how to pay your tax and if you are having difficulty paying, the options available to you. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
ABN Entitlement
 
01:27
ABNs are for business. Not everybody needs one. Keep your ABN details up to date. Learn more at http://abr.gov.au/For-Business,-Super-funds---Charities/ABN-explained/
Paying workers - Fringe benefits tax: Tax basics for small business
 
04:30
Learn how to determine if you have a fringe benefits tax obligation in your business and what you need to do to meet that obligation. The video also explains what salary sacrifice arrangements are. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Division 7A: Common Mistakes
 
04:32
This video is part one in a series to help tax professionals understand Division 7A. Assistant Commissioner Fiona Dillon discusses common Division 7A mistakes you can avoid by keeping your personal and company finances separate. To learn more, visit https://ato.gov.au/Div7ACommonMistakes
How to create a myGov account and link to the ATO
 
03:57
By linking your myGov account to the ATO, you can now manage your tax and super affairs whenever it suits you. You can lodge and check the progress of your income tax return as well as update your personal details, keep track of your super and arrange to pay a debt. For more information, visit https://ato.gov.au/online
Goods and services tax: Tax basics for small business
 
04:54
Explains how GST works, when you have to register and what you have to do when you are registered for GST. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
What is the sharing economy?
 
01:31
The sharing economy connects buyers and sellers through a facilitator that usually operates an app or a website. If you earn extra money from sharing goods and services in this way, watch our short video to find out more. For detailed information on the sharing economy, visit https://ato.gov.au/sharingeconomy
SMSF -- What's involved with an SMSF
 
02:25
Before you decide if an SMSF is right for you, you should have an idea of what's really involved. For more information visit www.ato.gov.au/smsf
Selling or closing your business: Tax basics for small business
 
03:30
This video runs through what you need to consider and what you need to do when you sell or close your business. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Business deductions: Travel expenses: Tax basics for small business
 
01:24
This video explains when you can claim travel expenses in your business. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
SMSF - Business real property
 
02:01
What is business real property and can your SMSF invest in it?
How to complete the business section in myTax
 
02:52
If you’re a sole trader, this video will show you how to complete the business section in myTax. For more information on lodging online with myTax, see https://ato.gov.au/lodgeonline
Fuel tax credits: Tax basics for small business
 
02:20
This video explains who is eligible to claim fuel tax credits and what to do if you are eligible. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Doing your business overseas: Tax basics for small business
 
02:22
This video explains how tax applies to overseas business transactions. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Too many super accounts?
 
01:18
Too many super accounts can mean too many fees, but with myGov, you can view and combine all your super accounts. This short video will show you how. To find out more, go to https://ato.gov.au/superonline
Overview to claiming your rental property deductions
 
02:59
This video highlights all of the essentials to claiming deductions for your rental property.
Division 7A: Payments
 
05:15
This video is part two in a series to help tax professionals understand Division 7A. Assistant Commissioner Fiona Dillon discusses what a payment is and how it is treated under Division 7A. To learn more, visit https://ato.gov.au/Div7APayments
Getting a Tax File Number: Tim's tale (long version)
 
01:43
Don’t miss out on money you’ve earned, apply for a Tax File Number (TFN) before you start working. Go to https://ato.gov.au/getTFN today.