Australia’s tax system covers a wide range of areas. This is how all taxation systems are. With that said, some of the areas the tax system handles range from import tax to income tax, but residents of Australia are usually more concerned with income tax. Read on to learn more about income tax in Australia.
1. History Of Income Tax- Australia first implemented income tax in 1880, which is when Tasmania decided to tax all income that companies generated in Tasmania. Other states in Australia took notice and they saw how important it was to tax income. As a result, the southern states in the country started to implement income tax and by 1907, the entire country implemented income tax.
2. Income tax Today- Personal earnings, capital gains tax and business income are the three areas that income tax in Australia can be broken into, and personal tax varies on how much a person earns. For example, the less money a person earns, the less they will pay in income tax, and this tax is based on the income a person gets, so it is considered to be a progressive tax. Income tax is paid on six thousand dollars or more in earnings, and people who earn more pay more income tax.
Thirty percent is what the company tax is, and that is the flat rate. However, companies can do various things to reduce the amount of tax they pay. Some of these means include an annual dividend to shareholders of the company.
Capital gains tax can affect a person and a corporation, if they own an asset. The tax can also affect those who own anything in a sense. However, the percent that is paid does differ.
Australia does offer people a fair income tax system. The system is relatively easy to understand, which means all residents should have a good idea of what their tax status is. It also means they will have a good idea of what they are required to pay, and this is why many considers the country’s tax system to be one of the most simplest ones in the world.…
Water is the life blood of our existence, for our homes and property it can be just the opposite. Water is in fact one of the most damaging elements to a building’s concrete foundation. You can expect to pay quite a bit of money in repairs on damaged concrete structures that are the foundation of your home or business.
You can spend all day learning about the potential damages of water to concrete, it simply will not help your prevalent problem. You need to be able to take immediate action and fix the damage that has been done. One of the best methods is to hire an expert in concrete waterproofing that can solve the majority of your problems. Concrete waterproofing is one of the most economically sound solutions to fix your current problem as well as future ones. In addition to waterproofing your concrete, they will give you advice on how to keep your foundation in pristine condition.
Water damages your foundation by creating cracks, leaks, and expansion of the concrete. In addition, all the water that can build up over time can lead to a serious mold problem. Mold is not just a nuisance to the homeowner it represents a serious health threat which can be life threatening This is why it is vitally important to take immediate action on this household problem. While your health is always going to be of the utmost importance, you can not ignore the financial investment you have in your property. This is why waterproofing your concrete can not be ignored.
There are several types of sealants available each offering varying degrees of protection for your home or business. The two primary sealants that are used are coating and penetrating. Coating sealers work by covering the surface with a film that protects from water damage. Penetrating sealers do exactly what you would think they would, they penetrate the surface and form a barrier that way. Either one of these sealants is rather easy to apply and can be done within an afternoon. It is important to realize that this is a procedure that needs to be done on a regular basis to protect the foundation.
Another method that has been gaining in popularity over the years is the use of crystalline waterproofing. This is a method straight out of science books! In this method, the crystalline compound has a chemical reaction to the water and air and fills all the crack and gaps within the foundation.
You may also want to look into a technique known as waterproofing membrane. Liquid membranes are used with rollers and paint brushes to repair concrete membranes.
While all of these are excellent methods, cementitious waterproofing is easily the most effective and easiest to do. It is simply the use of cement-based products with adhesives used to increase the support of the foundation.