Tuesday, September 17, 2019
News & Updates
    Accounting, Accounts  cash, money 
Simplified depreciation rules for small business
July 29, 2013 

If you need to buy depreciating assets in your business – computers, machinery, cars, etc., - then the new rules that came into effect on 1 July 2012 provide some significant tax advantages for businesses with turnover of less than $2 million.


Expanding our horizons!
07-06-2011 
Click on the link to find out just how you can stay in touch.

The Guide to activity statements (BAS)
27-04-2011 
An overview...

Are you being paid enough super?
27-04-2011 
The employee superannuation guarantee (SG) calculator tool is designed to help you determine whether you are eligible for SG contributions, and whether your employer is paying the correct amount.


Archive
Australian Residents

Australian Residents

Tax Rates 2018 - 2019

Taxable income

Tax on this income

0 - $18,200

Nil

$18,201 - $37,000

19c for each $1 over $18,200

$37,001 - $90,000

$3,572 plus 32.5c for each $1 over $37,000

$90,001 - $180,000

$20,797 plus 37c for each $1 over $90,000

$180,001 and over

$54,097 plus 45c for each $1 over $180,000

The above rates  do not  include the Medicare levy of 2%.

The above rates include changes announced in the 2018-19 Federal Budget.

Tax Rates 2017 - 2018

Taxable income

Tax on this income

0 - $18,200

Nil

$18,201 - $37,000

19c for each $1 over $18,200

$37,001 - $87,000

$3,572 plus 32.5c for each $1 over $37,000

$87,001 - $180,000

$19,822 plus 37c for each $1 over $87,000

$180,001 and over

$54,232 plus 45c for each $1 over $180,000

The above rates do not include the Medicare levy of 2%.

The temporary budget repair levy ceased applying from 1 July 2017.

  

Tax Rates 2016 - 2017

Taxable income

Tax on this income

0 - $18,200

Nil

$18,201 - $37,000

19c for each $1 over $18,200

$37,001 - $87,000

$3,572 plus 32.5c for each $1 over $37,000

$87,001 - $180,000

$19,822 plus 37c for each $1 over $87,000

$180,001 and over

$54,232 plus 45c for each $1 over $180,000

The above rates do not include the Medicare levy of 2%.

The above rates do not include the Temporary Budget Repair Levy: this levy is payable at a rate of 2% for taxable incomes over $180,000.