Concessions For Small Business Entities - Australian Taxation ...
GST credit, even if this is in a later reporting period. Prepaid expenses Choosing to use the concession Choosing not to use the concession Prepaid expenses For more information, see ‘Prepaid expenses’ on page 47. You can claim an immediate deduction ... Access Doc
Account List
GST Clearing Cartage Inwards Cartage Outwards Cash Floats Cash on Hand Account Name Accrued Expenses Prepaid Expenses Raw Mate rials Repairs Research and Development Retained Earnings Sales Supplies expense Supplies on Hand Taxes Overdraft ... View Doc
GST/HST Notice - Canada Revenue Agency Web Site -- Site Web ...
• GI-040, Applying the 2008 GST/HST Rate Reduction to Prepaid Funeral and Cemetery Arrangements For any rebate for eligible expenses on which you paid 5% GST or 13% HST in the calendar year, you may claim a rebate equal to 5/105 (for GST) or 13/113 ... View Full Source
Maximising Deductions For Non-STS Taxpayers
Identify those deductible expenses that would otherwise have been incurred in the 2006 income deduction for deductible prepaid expenditure in the year in which it is incurred. Instead, a GST-registered business taxpayer incurs prepaid ... Access Doc
Profit Determination For Curriculum Council
(Ignore GST). Initially recorded as: June 3 Prepaid Insurance 960 Cash at Bank 960 to record purchase of 24 month policy Prepaid Expenses - Depreciation CONTRA ASSET ACCOUNT Accumulated Depreciation Initial cost Debit EXPENSE ACCOUNT Adjusting entry ... Visit Document
ZION EVANGELICAL LUTHERAN CHURCH FINANCIAL STATEMENT
GST receJvabie Prepaid expenses Accounts payable Cash flows from investing activities Purchase of capital assets Decrease (increase) in endowment investments Increase in term deposits 2011 2010 (18,011) $ 5,639 273 (20) 2,409 2,752!,55! 8,305 (14,164) i6,073 ... View Doc
FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED DECEMBER 31 ...
GST receivable 137,637 130,783 Prepaid expenses 171,322 171,322 1,000,920 1,418,455 Equipment (Note 6) 53,603 54,342 Resource The allocation of Kaminak’s general and administrative expenses was calculated on the basis ... Fetch Full Source
Problem 6.13 Journal Entries, Worksheet And Completion Of ...
30 Paid rent of $2 500 plus GST; $1 550 of that amount is for sales $560 of the prepaid advertising expired during the year. 2. Expenses/ Beg. Inv. 503 925 30/6 Income/Inv. End. 535 481 30/6 Capital 31 556 ... Access Document
Balance Day Adjusments - Waikato Management School ...
Two types of accruals: accrued revenues (income) and accrued expenses Deferrals This category of adjustments aligns recorded revenues (income) and costs with appropriate accounting periods. (Prepaid Expense) The unadjusted Prepaid Insurance balance (GST exclusive) at year end was $4,000. ... Read Document
(Expressed In Canadian Dollars) - Welcome To First Lithium ...
GST/HST receivable 10,325 82,759 15,077 Prepaid expenses 6,700 6,285 2,000 593,464 905,989 1,689,877 Reclamation Bond 6,036 - - Equipment (note 8) 3,672 4,610 1,684 Exploration and Evaluation Assets (note 7) 1,404,082 1,979,987 1,084,245 $ 2,007,254 $ 2,890,586 ... Fetch Document
Community First 2007
GST receivable 3,523 - Prepaid expenses 2,780 - 177,669 31,058 RESTRICTED INVESTMENTS Capital projects reserve (note 3) 4,056 4,053 CAPITAL ASSETS (note 4) 769,315 - $ 951,040 $ 35,111 LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable $ 13,576 $ - ... Return Document
Small Business Tax Business Deductions Related To Advertising ...
Other types of business expenses that you may use as income tax deductions include advertising expenses, GST and HST; Provincial Sales Taxes (PST) Elsewhere on the Web. Business & Professional Income Guide; Guide For Canadian Small Businesses; ... Read Article
A Step By Step Approach To Preparing Financial Reports And ...
This journal should be posted to “Prepaid Expenses” to look like this for the 2010 financial year. 145 PREPAID EXPENSES Prepaid Income $1,000 [ex GST] has been paid and recorded in Sales for work not yet done. The business ... Return Document
Wikipedia:Requested Articles/Business And Economics/Companies ...
Das (insurance) - Europe's largest legal expenses insurance provider; Data Innovations, GST Innovation Lab - West Virginia. Mentions: and ; Gumby's Pizza - Restaurants GURU - see User:Singpolyma/GURU; H Ha-Hn. H. B. Fuller Company ... Read Article
Tax Advantages prepaid Tuition - Fort Myers Estate Planning ...
Will be subject to the GST tax, even if made to or for a grandchild or younger descendant, and none of them will have any adverse effect on the calculation of the estate tax. PRE-PAYMENTS FAVORABLY TREATED! Tax Advantages prepaid tuition.indd ... Read Document
ANNUAL REPORT 2004
GST receivable 14,468 - Prepaid expenses 28,644 - 555,847 19,840 Resource properties – Notes 3 and 8 and Schedule 1 110,604 - Capital assets – Note 4 1,962 1 $ 668,413 $ 19,841 LIABILITIES Current Accounts payable and accrued liabilities – Note 8 $ 42,321 $ 805,747 Due to ... Fetch Doc
NOTICE TO READER - Designersi.com |Content Management ...
GST receivable (27,885) 5,022 (27,093) 26,223 Receivable from private placement 500,000 0 0 0 Prepaid expenses and deposits (76,680) 1,359 (86,032) 14,427 Short term loans 5,000 55,000 Accounts payable and accrued liabilities 416,515 122,583 526,851 293,530 811,950 133,964 413,726 ... Read Here
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE 9 ...
GST/ HST recoverable 220,061 587,015 83,699 Prepaid expenses 3,035 60,954 45,284 2,283,644 2,630,846 1,614,037 Non-current assets Restricted reclamation deposits (note 6) 391,310 286,310 ... Read Document
(Operating As Hospice King-Aurora) Financial Statements ...
GST/HST rebate receivable 11,678 1,184 Prepaid expenses 3,442 6,641 $ 184,586 $ 134,849 LIABILITIES Current Accounts payable and accrued liabilities $ 17,167 $ 30,749 Deferred contributions (note 9) 23,351 15,478 40,518 46,227 Net Assets (note 4) 144,068 88,622 ... Access Full Source
Balance Sheet - Financial Plan - Writing A Business Plan
Prepaid Insurance Total Current Assets. Fixed Assets Land Buildings Less Depreciation Net Land & Buildings. Equipment Less Depreciation Net Equipment. GST Charged on Sales GST Paid on Purchases GST Owing Total Current Liabilities. Long-Term Liabilities Long-Term Loans Mortgage ... Read Article
Ice Breaker - Cash And Accrual.flv - YouTube
5:59 Watch Later Error Prepaid Expenses - Ch. 3 Video 2 by mattfisher64 14,093 views; 5:38 Watch Later Error Basics of GST 3 Cash vs Accruals by SmallBusinessWorks 723 views; 3:06 Watch Later Error Public Accounting ... View Video
Asif Rahman - YouTube
Balance Day Adjustment:01, Adjusted Trial Balance, Adjusted Journal Entry, Prepayments(Prepaid Expenses) This item has been hidden. In the future you will only see uploads from Asif Rahman. GST in Journal, GST Calculation, GST in New Zealand. Expenses, Assets, Liabilities & Owners Equity. ... View Video
11 ACCOUNTING
Wages DR Prepaid expenses CR. Wages DR Accrued expenses CR. Accrued Revenue DR Wages CR. Rent paid in advance would be classified as a. Asset. Liability. What is the purpose of preparing a GST Clearing account and how is it classified? ... Retrieve Full Source
Small Business Tax Concessions
Immediate deduction for certain prepaid business expenses If your prepaid business expense covers a period of 12 months or more and ends in the next financial year, you GST installments can be made throughout the year where the GST installment amounts are determined by the ... Retrieve Document
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