July 18, 2023Quick Summary The tax-free threshold lets Australian residents earn the first $18,200 each financial year without paying income tax. You…- July 17, 2023Quick Summary PAYG (Pay As You Go) lets the ATO collect income tax throughout the year instead of in one…
- July 12, 2023Employee share schemes are excellent for making the employees think like owners by letting them acquire shares in the company.…
- July 11, 2023Quick Summary A Tax File Number (TFN) is a unique 9-digit number issued by the ATO that stays with you…
- July 10, 2023Quick Summary The R&D Tax Incentive is a self-assessed government program that gives eligible companies a tax offset or refund…
- July 8, 2023Quick Summary The Medicare levy is 2% of your taxable income, paid on top of regular income tax, and it…
- July 7, 2023Quick Summary GST is a 10% tax added to most goods and services sold or consumed in Australia, and the…
July 6, 2023Quick Summary Luxury car tax (LCT) is a 33% tax on the portion of a vehicle's value that exceeds the…- July 5, 2023A fringe benefits tax is the tax that an employer has to pay to provide certain benefits to his employees…
- July 4, 2023Quick Summary Capital gains tax is not a separate tax. Your net capital gain is added to your taxable income…
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