Tax Rates 2023-24 and 2024-25 (Australian Residents)

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)”

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”