Eat, Drink and Keep the Taxman Happy this Christmas

Eat, Drink and Keep the Taxman Happy this Christmas

The Christmas celebration season will see many Australian businesses paying for their staff to celebrate at the annual end of year shin dig. The season will likely see its fair share of hangovers and possibly an embarrassing moment or two. Here are a few tips for keeping the taxman happy this festive season: If you [...]

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New Tax Information

New Tax Information

    Superannuation Guarantee Increases From 1 July 2013 the minimum rate for super guarantee payments on behalf of employees will increase from 9% to 9.25%. Over the coming years the superannuation guarantee rate will be increasing from 9% to 12%. Year Rate (%) 2013-2014 9.25 2014-2015 9.5 2015-2016 10 2016-2017 10.5 2017-2018 11 2018-2019 [...]

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Tax rates 2012-13

Tax rates 2012-13

The following rates for 2012-13 apply from 1 July 2012. Taxable income Tax on this income 0 Р$18,200 Nil $18,201 Р$37,000 19c for each $1 over $18,200 $37,001 Р$80,000 $3,572 plus 32.5c for each $1 over $37,000 $80,001 Р$180,000 $17,547 plus 37c for each $1 over $80,000 $180,001 and over $54,547 plus [...]

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