International entertainment financial services group
Useful Info
We will be populating this area with useful information relating to helping you prepare your tax work, run your business and other general tax pointers. There is also a lengthy list of links we think you might find useful.
Here are some items to get you started
Income tax
- Individual tax checklist – to be completed prior to meeting with Moneypenny
Tax Checklist (114 KB)
- Tax Guide for Musicians (as published by AMIN)
AMIN - Tax Guide For Musicians (209 KB)
- List of common tax deductions
Common Deductions (36 KB)
- Business tax tips
Tax Tips (98 KB)
- Current tax rates and calculators can be found here
- Need to calculate PAYG for your employees? Try here
- As an artist you might decide to donate your works to a gallery or another public collection. Get it valued and claim the deduction.
GST
- If your business has a turnover of more than $75,000 p.a. then you need to be registered for GST. See here for more information.
FBT
- The following is a simple summary of what is and isn't considered an entertainment fringe benefit (2011)
Superannuation
- Are you a contractor? Do you employ contractors? If so, you should be aware of the potential superannuation implications and obligations
Superannuation for Contractors (89 KB)
Links
- Australian Council for the Arts
- Australian Taxation Office
- Australian Securities & Investments Commission - you can perform a free company name or ACN search here
- Australian Business Register - enables you to search and register for ABNs and business names
- Austrade - promoting your product/service overseas? You might be eligible for some cash back
- Commercialisation Australia - starting an innovative new business? Try here for funding
- CPA Australia
- Creative Industries Innovation Centre
- Department of Fair Trading - look here if you need to registere a trading name for your business
- Events NSW
- Institute of Chartered Accountants Australia
- Office of State Revenue - this site has information on stamp duty, land tax and payroll tax
- NSW Ministry for the Arts
- The Arts Law Centre of Australia
- APRA | AMCOS - making music? You need to be registered with these guys to get your royalties paid correctly
- ARIA - Australian Recording Industry Association
- Support Act - charity organisation raising money for members of the music industry experiencing hardship
- Ausfilm - gateway to Australia's film and television industry
- AFTRS- Australian Film Television Radio School
- NIDA - National Institute of Dramatic Art
- SPAA - Screen Producers Association Australia
Professional services
Moneypenny can help with your business services and taxation needs, but what about other professional services you may require?
- Andrew Barley - Macquarie Commercial Finance - providing commercial finance for equipment, property, vehicles, and more
- David O'Callaghan - Moneypenny Wealth Management Services / Genesys Wealth Advisers