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Gold Coast, Logan, Underwood Bookkeeping - MYOB & Quick Books Specialists

GST, PAYG, BAS Preparation and Lodgement, Payroll, Setup, Super. Sale Software.
Phone: 0433 625 216 | Email: info@olgbookkeeping.com.au

Posts Tagged ‘Tax’

ATO Tax Rates 2010/2011 Tax Tables Thresholds

Friday, September 17th, 2010

Income tax rates/tax tables for Residents 2010/2011 Financial Year.

The tax rates and thresholds in the table below are for individuals who are Australian residents for tax purposes for the whole financial year.

2010-2011

Taxable income

Rate

Tax Payable

($)

(%)

 

0 - 6,000

0

Nil

6,001 - 37,000

15

15% of excess over $6000

37,001 - 80,000

30

$4650 plus 30% of excess over $37000

80,001 - 180,000

37

$17550 plus 37% of excess over $80000

180,001+

45

$54550 plus 45% of excess over $180000

 

 

 

 

 

 

 

 

Material provided can be used for information purposes only, but not as a tax advice. For the tax advice and further details please contact your tax advisor.

Preparing business activity statements (BAS) eligibility

Saturday, November 21st, 2009

 

 To ensure the standards of all bookkeeping services new legislation requires business activity statement (BAS) agents, who prepare BASs for a fee to be registered in accordance with the Tax Agent Services Act 2009. The Tax Agent Services Act 2009 is complemented by (more…)

Tax Rates 2009-2010 ATO Tax Tables Thresholds

Thursday, September 17th, 2009

Personal tax rates and thresholds for Residents

2009/10

Taxable income

Rate

Tax Payable

($)

(%)

 

0 - 6,000

0

Nil

6,001 - 35,000

15

15% of excess over $6000

35,001 - 80,000

30

$4350 plus 30% of excess over $35000

80,001 - 180,000

38

$17850 plus 38% of excess over $80000

180,001+

45

$55850 plus 45% of excess over $180000

 

 

 

 

 

 

NOTE Material provided by Logan Bookkeeping can be used for information purposes only, but not as a tax advice. For the tax advice and further details please contact your tax agent.

Investment allowance eligibility. Small Business Tax Break.

Wednesday, September 9th, 2009

 

 

Investment allowance, such as a tax break, is a tax deduction on the cost of eligible assets.

 

To be able to take advantage of the investment allowance and claim additional deductions for new business investments one must comply with several criteria, that  must be satisfied depending whether it is a small business (SME) or general business  (more…)