June 17, 2024 Austrlaian resident tax rates in Australia for the 2023-24 and 2024-25 financial years are as follows: Taxable incomeTax on this income0 – $18,200Nil$18,201 – $45,00016c for each $1 over $18,200$45,001 – $135,000$4,288 plus 30c for each $1 over $45,000$135,001 – $190,000$31,288 plus 37c for each $1 over $135,000$190,001 and over$51,638 plus 45cContinueContinue reading “Tax Rates 2023-24 and 2024-25 (Australian Residents)”
Tag Archives: finance
Do you have a Loan from a Private Company (Including Your Own)?
June 17, 2024 If you have an outstanding loan from a private company at the time of the company’s lodgement date, you will need a complying Division 7A loan agreement to be in place. The agreement needs to set out the minimum yearly payments required, made up of principal and interest. Payments need to commenceContinueContinue reading “Do you have a Loan from a Private Company (Including Your Own)?”
Tax Payer Alert: Early Stage Investor Tax Offset Unlawfully Claimed
January 15, 2025 The Australian Taxation Office (ATO) has issued a tax payer alert in response to a new tax avoidance scheme being promoted in the community. Main points of the scheme as stated by the ATO are: An investment opportunity in a start-up company is promoted to individuals by the scheme operators; Investors toldContinueContinue reading “Tax Payer Alert: Early Stage Investor Tax Offset Unlawfully Claimed”
Tax Payer Alert: Early Stage Investor Tax Offset Unlawfully Claimed
The Australian Taxation Office (ATO) has issued a tax payer alert in response to a new tax avoidance scheme being promoted in the community. Main points of the scheme as stated by the ATO are: An investment opportunity in a start-up company is promoted to individuals by the scheme operators; Investors told the start-up qualifiesContinueContinue reading “Tax Payer Alert: Early Stage Investor Tax Offset Unlawfully Claimed”
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