Monday, June 24, 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
Foreign Residents

Foreign Residents

If you are a foreign resident for the full year, the following rates apply:

Tax rates 2018 - 19

Taxable income

Tax on this income

0 - $90,000

32.5c for each $1

$90,001 - $180,000

$29,250 plus 37c for each $1 over $90,000

$180,001 and over

$62,550 plus 45c for each $1 over $180,000


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


Tax Rates 2017 - 2018

Taxable income

Tax on this income

0 - $87,000

32.5c for each $1

$87,001 - $180,000

$28,275 plus 37c for each $1 over $87,000

$180,001 and over

$62,685 plus 45c for each $1 over $180,000

Foreign residents are not required to pay the Medicare levy.

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

    

Tax Rates 2016 - 2017

Taxable income

Tax on this income

0 -$87,000

32.5c for each $1

$87,001 -$180,000

$28,275 plus 37c for each $1 over $87,000

$180,001 and over

$62,685 plus 45c for each $1 over $180,000

Foreign residents are not required to pay the Medicare levy.

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.