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Monday 8:30am - 5pm Tuesday 8:30am - 5pm Wednesday 8:30am - 5pm Thursday 8:30am - 5pm Friday 8:30am - 5pm

https://www.facebook.com/107206265549881/

In League Corporation, Sydney (2026)

12/06/2024

🚀 **Join Our Mission!** 🚀

Hey everyone, Ahmed Abdi here, Founder and Chairman of In League Corporation. We're launching a savings plan to create a financial safety net and invest in promising projects and SMEs.

🔹 **Contribution Options:**
- $35 per week (from 35 amazing people)
- $200 every two weeks (from 35 incredible supporters)

**Bank Details:**
- **Name**: Ahmed Abdi Belel
- **Bank**: Commonwealth Bank (CommBank)
- **BSB**: 062692
- **Account**: 79447791
- **ABN**: 34 037 931 969

💡 Set up a recurring payment of $35 today and be part of something BIG!

✨ **Goal:** Reach 35,000 Instagram followers in June. Follow us at [In League Corporation](https://www.instagram.com/inleaguecorporation).

Your support is crucial! DM me if you’re interested in joining. Let’s build a secure and prosperous future together! 💪

Thanks,
Ahmed Abdi

---

10/06/2024

---

# # # Post 1: Introduction
**Image:** "Quarterly BAS Reporting Made Easy"
**Caption:** Simplify your quarterly BAS reporting with these steps! 💼🇦🇺

---

# # # Post 2: Step 1 - Collect Records
**Image:** Receipts and invoices.
**Caption:** Step 1: Gather all invoices, receipts, and bank statements. 📊✨

---

# # # Post 3: Step 2 - Categorize Transactions
**Image:** Sorting papers.
**Caption:** Step 2: Separate income, expenses, GST collected, and GST paid. 🔍💼

---

# # # Post 4: Step 3 - Calculate GST
**Image:** Calculator and GST calculations.
**Caption:** Step 3: Calculate GST on sales and purchases. 💰✖️➗

---

# # # Post 5: Step 4 - Use Software
**Image:** Laptop with software.
**Caption:** Step 4: Use Xero, MYOB, or QuickBooks for BAS reporting. 💻🔧

---

# # # Post 6: Step 5 - Log into ATO
**Image:** Logging into a website.
**Caption:** Step 5: Log into ATO online services. 🖥️🔒

---

# # # Post 7: Step 6 - Fill Out BAS
**Image:** BAS form on ATO portal.
**Caption:** Step 6: Complete the BAS form online. 📝✅

---

# # # Post 8: Step 7 - Review & Submit
**Image:** Reviewing documents.
**Caption:** Step 7: Review for accuracy and submit. 📨🔍

---

# # # Post 9: Step 8 - Payment or Refund
**Image:** Making a payment.
**Caption:** Step 8: Pay GST or await refund. 💵💳

---

# # # Post 10: Step 9 - Keep Records
**Image:** Organized folders.
**Caption:** Step 9: Keep records for 5 years. 🗂️📁

---

# # # Post 11: Conclusion
**Image:** Business owner celebrating.
**Caption:** Congrats on completing your BAS! Follow for more tips! 🥳🚀

---

# # # Post 12: Tips
**Image:** Calendar and piggy bank.
**Caption:**
- Mark BAS dates. 📅
- Set aside GST money. 💰
- Consult a pro if needed. 👩‍💼👨‍💼

08/06/2024

Got it! Here's the revised post including the 3-month term deposit rate:

🔹 **Limited-Time Offers!** 🔹
Boost your savings with exclusive rates from Commonwealth Bank:

⏳ **3 Months:** 3.50% p.a.
⏳ **11 Months:** 4.90% p.a.

Hurry, these offers won't last long! Conditions apply.* 💼💰 📈💸

08/06/2024

Sure, here's an example of registering for Goods and Services Tax (GST) as a Sole Trader in Australia:

# # # Example: Registering for GST as a Sole Trader

**Scenario:**
Sarah runs a successful online handmade jewelry business as a Sole Trader. Her business has been steadily growing, and her annual turnover has reached $80,000. Sarah decides it's time to register for GST.

**Steps:**

1. **Assess Business Turnover:**
Sarah calculates her business turnover for the past 12 months and confirms that it exceeds $75,000. This means she is required to register for GST.

2. **Prepare Business Information:**
Sarah gathers all necessary information about her business, including her Australian Business Number (ABN), business name (if registered), and personal Tax File Number (TFN).

3. **Online Registration:**
Sarah visits the Australian Taxation Office (ATO) website and navigates to the GST registration section. She fills out the online registration form, providing details such as her ABN, business structure (Sole Trader), and expected annual turnover.

4. **Business Activity Statement (BAS):**
After registering for GST, Sarah will receive a Business Activity Statement (BAS) from the ATO. She must lodge her BAS either monthly, quarterly, or annually, depending on her business turnover.

5. **Adjust Pricing and Invoicing:**
Sarah updates her pricing and invoices to include the 10% GST component. For example, if she sells a necklace for $100, she now invoices it as $110 ($100 + $10 GST).

6. **Record Keeping:**
Sarah ensures she maintains accurate records of all her sales, expenses, and GST collected. This includes keeping invoices, receipts, and transaction records.

7. **Compliance and Reporting:**
Sarah familiarizes herself with her GST reporting obligations, including lodging her BAS on time and making any necessary payments or refunds to the ATO.

**Outcome:**
By registering for GST, Sarah can now legally charge and collect GST on her sales. While this adds administrative tasks to her business, it also allows her to claim GST credits on her business expenses, potentially reducing her overall tax liability. Additionally, registering for GST

08/06/2024

A Sole Trader is the simplest and most common structure used by small businesses in Australia. Here are the key details about being a Sole Trader:

# # # Definition:

A Sole Trader is an individual who owns and operates a business on their own. This structure allows the owner to have complete control and responsibility for the business.

# # # Key Features:

1. **Full Control:** The sole trader has full control over all aspects of the business, including decisions, profits, and operations.

2. **Simplicity:** It's the easiest and least expensive business structure to set up and run. There are fewer compliance requirements compared to other business structures.

3. **Taxation:** The business income is considered the individual's personal income and is taxed at individual income tax rates. Sole traders can also claim deductions for business expenses.

4. **Unlimited Liability:** The sole trader is personally liable for all debts and obligations of the business. This means personal assets can be used to settle business debts if necessary.

5. **ABN Requirement:** A sole trader must register for an Australian Business Number (ABN) and use it for all business transactions.

6. **Business Name:** While you can trade under your own name, you can also register a business name, which must be registered with the Australian Securities and Investments Commission (ASIC).

7. **Superannuation:** Sole traders are responsible for their own superannuation arrangements and do not have to make compulsory super contributions for themselves.

# # # Steps to Set Up as a Sole Trader:

1. **Apply for an ABN:** Register for an Australian Business Number through the Australian Business Register (ABR).

2. **Register a Business Name:** If you choose to use a name other than your own, you must register it with ASIC.

3. **Tax File Number (TFN):** Use your personal TFN for your business.

4. **GST Registration:** If your business has a turnover of $75,000 or more per year, you must register for Goods and Services Tax (GST).

5. **Business Licenses and Permits:** Check if you need any specific licenses or permits to operate your business, depending on your industry and location.

08/06/2024

📢 **Join Our Savings Plan and Help Us Reach 35,000 Followers!** 📢

Hey everyone! 👋

I'm Ahmed Abdi, Founder and Chairman of In League Corporation. We're starting a savings plan to create a financial safety net for emergencies and invest in promising projects and SMEs.

**Here's the Plan:**
💰 Contribute $35/week or $200/fortnight.

**Why Participate?**
🔒 Financial Security: Build a reserve fund.
🚀 Investment Opportunities: Pool resources for high-potential projects.
🤝 Community Support: Strengthen our financial ties.

**Bank Details for Contributions:**
📌 Name: Ahmed Abdi Belel
📌 Bank: Commonwealth Bank (CommBank)
📌 BSB: 062692
📌 Account: 79447791
📌 ABN: 34 037 931 969

Set up a recurring payment of $35 to the above account.

**Help Us Reach Our Goal:**
Our goal is to hit 35,000 followers this June! 📆 Follow us for updates, tips, and opportunities!

Follow 🚀

Your urgent support is needed. Let’s build a secure and prosperous future together! 💪

Thank you,
Ahmed Abdi

29/04/2024

"Welcome to 🚀✨ Founded by Elon Musk in 2002, SpaceX is on a mission to revolutionize space technology and enable human colonization of Mars. They've achieved historic milestones like launching and recovering reusable rockets, making space travel more affordable. From launching satellites to resupplying the ISS and developing Starship for Mars missions, SpaceX is shaping the future of space exploration. Follow along for updates on their bold journey to the stars! 🌌🔴

**Company Overview:**
Space Exploration Technologies Corp. (SpaceX) is an American aerospace manufacturer and space transportation company founded by Elon Musk in 2002. Headquartered in Hawthorne, California, SpaceX is known for its ambitious goals of reducing the cost of space travel and enabling human colonization of Mars.

**Mission and Goals:**
SpaceX's primary mission is to revolutionize space technology and make multiplanetary life possible. The company aims to develop reusable rocket technology to lower the cost of space access and facilitate human exploration of other planets, starting with Mars.

**Launch Vehicles:**
SpaceX has developed several notable launch vehicles:
- **Falcon 9:** A two-stage rocket used for launching satellites, cargo, and crew to low Earth orbit and beyond. Falcon 9 features reusable first-stage boosters, which land vertically back on Earth after launch.
- **Falcon Heavy:** A heavy-lift rocket that can carry large payloads and is used for deploying satellites, interplanetary missions, and crewed flights to space.
- **Starship:** SpaceX's next-generation fully reusable spacecraft designed for deep space missions. Starship is intended for crewed missions to Mars and other destinations in the solar system.

**Dragon Spacecraft:**
SpaceX's Dragon spacecraft plays a crucial role in cargo resupply missions to the International Space Station (ISS) under NASA's Commercial Resupply Services program. The Dragon capsule is also capable of carrying astronauts and has been used for crewed missions as part of NASA's Commercial Crew Program.

29/04/2024

"Welcome to 🚀✨ Founded by in 2000, Blue Origin is on a mission to make space accessible to all. Their New Shepard rocket offers thrilling suborbital flights with panoramic views of Earth and moments of weightlessness. Stay tuned for their vision of sustainable space exploration and lunar missions with Blue Moon! 🌌🌕 "

**Company Overview:**
Blue Origin is a private aerospace manufacturer and spaceflight services company founded by Jeff Bezos in 2000. The company is headquartered in Kent, Washington, and is focused on developing technologies for space exploration and tourism.

**Mission and Goals:**
The primary mission of Blue Origin is to enable a future where millions of people can live and work in space. The company aims to lower the cost of access to space through reusable rocket technology and to facilitate the growth of space industry and exploration.

**Spacecraft and Rockets:**
Blue Origin has developed several spacecraft and rockets:
- **New Shepard:** This is Blue Origin's suborbital rocket designed for space tourism and research missions. New Shepard is fully reusable, with both the rocket booster and crew capsule capable of autonomous landings.
- **New Glenn:** Blue Origin's orbital rocket, New Glenn, is currently under development. It will be used for deploying satellites into orbit and potentially for human spaceflight missions to low Earth orbit.

**Flight Experience:**
New Shepard is designed to carry up to six passengers on a journey to the edge of space. The capsule features large windows for breathtaking views of Earth during ascent and descent, and passengers experience a few minutes of weightlessness at the peak of the flight.

**Commercial Operations:**
Blue Origin plans to offer commercial space tourism flights on New Shepard, allowing paying customers to experience spaceflight. The company also aims to support research missions and deploy payloads for scientific and commercial purposes using its rockets.

29/04/2024

"🚀 Welcome to the future of space travel with Founded by Sir Richard Branson in 2004, Virgin Galactic is revolutionizing commercial spaceflight. Their spacecraft, VSS Unity, uses a unique air-launch system, carried aloft by VMS Eve before igniting its rocket engines to reach the edge of space at over 50 miles altitude. Passengers experience several minutes of weightlessness and awe-inspiring views through large windows. Stay tuned for updates on their mission to make space accessible for everyone, from pioneering astronauts to future space tourists! 🌌💫

**Company Overview:**
Virgin Galactic was founded in 2004 by Sir Richard Branson, with the vision of developing spacecraft capable of carrying private individuals into suborbital space. The company is part of the broader Virgin Group, known for its ventures in aviation, entertainment, and technology.

**Mission and Goals:**
The primary mission of Virgin Galactic is to provide commercial spaceflight experiences to private individuals. The company aims to make space accessible for tourism, research, and other applications, with a long-term vision of opening up space travel beyond government agencies and astronauts.

**Spacecraft:**
Virgin Galactic's spacecraft, VSS Unity, is a rocket-powered spaceplane designed to carry passengers and payloads to the edge of space. It uses a unique air-launch system, where it is carried aloft by a larger carrier aircraft (VMS Eve) to a high altitude before being released for powered flight into space.

**Flight Experience:**
The VSS Unity spacecraft provides a unique experience where passengers can enjoy a few minutes of weightlessness and view the curvature of the Earth against the backdrop of space. The spacecraft reaches speeds of Mach 3+ during ascent and offers stunning views from the large windows.

**Commercial Operations:**
Virgin Galactic conducts its operations from Spaceport America in New Mexico, USA. The company plans to offer regular commercial flights for paying customers, with tickets priced at a premium for this exclusive experience.

29/04/2024

**Fortune Magazine Cover:**
The cover of Fortune Magazine features Joshua Kushner in a professional setting, exuding confidence and innovation. The backdrop is a plain, modern office environment, emphasizing Kushner's focus on business and entrepreneurship. The headline reads: "Joshua Kushner: Redefining Venture Capital."

**Article Summary:**
Inside this issue of Fortune Magazine, readers delve into the entrepreneurial journey of Joshua Kushner, co-founder of Thrive Capital and Oscar Health. The feature article explores Kushner's approach to venture capital and his impact on reshaping industries.

The article highlights Kushner's investment successes in areas like technology, healthcare, and real estate tech. It discusses his unique vision for identifying disruptive startups and nurturing them into industry leaders.

Furthermore, the article delves into Kushner's broader interests, including his commitment to leveraging technology for social impact. It examines his philanthropic initiatives and efforts to promote innovation for positive societal change.

This issue of Fortune Magazine provides valuable insights into Joshua Kushner's role as a forward-thinking investor and entrepreneur, offering readers a glimpse into his strategies for driving innovation and making a difference in the business world.

In League Corporation

12/06/2024

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Monday	8:30am - 5pm
Tuesday	8:30am - 5pm
Wednesday	8:30am - 5pm
Thursday	8:30am - 5pm
Friday	8:30am - 5pm