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Office Tax Procedures: Process Business Tax Requirements, 8e provides accounting and business students with the most up-to-date information for complying with business tax requirements and builds upon the established strengths of previous editions.
New To This Edition
* A chapter on the preparation and lodgement of Business Activity and Instalment Activity Statements, including the application of the luxury car tax (LCT), wine equalisation tax (WET) and the new fuel tax credits
* Active Reflection questions (with solutions) that encourage constant reinforcement of concepts covered
* Significant content updates in Chapter 3: Pay-As-You-Go, Chapter 7: Superannuation Guarantee Levy, Chapter 9: Child Support Agency, Chapter 10: Payroll Tax and Chapter 14: Tax in the Third Millennium
* A website containing interactive tax calculators and post-budget tax updates is available at http://www.pearsoned.com.au/Bowers
The 2010 Update includes updated coverage on:
* Tax rates and associated schedules for PAYG withholding
* Low income tax offset (LITO)
* Income tests for a number of tax offsets and benefits
* FBT benchmark interest rate
* Luxury car tax (LCT) threshold and criteria for claiming the refund
* Superannuation guarantee levy and updated co-contribution rates table
* Higher education loan program (HELP) debt repayment thresholds and rates tables
* Self-support amount for child support and the definition of adjusted income
* States and Australian Capital Territory changes in taxation such as land tax rates, changes to payroll tax and transactions duties
* Updated examples from every chapter where rates have changed
* Updated answers to multiple choice questions to reflect the tax changes
Features and Benefits
* Tax in Practice demonstrates the practical application of key concepts discussed in the chapter
* Learning Checks highlights the essential skills and knowledge covered within the chapter
* Comprehensive and varied chapter assessments provide multiple student review and revision options
* Practical classroom activities (involving various mediums including the web) provide a fun way for teachers to assess their students' understanding of key chapter concepts
* All relevant Australian Tax Office forms are included in the back of the book.