ITR – Credit for interest on early tax payments -ATO
C1 - Credit for interest on early tax paymentsAny of the following payments made to ATO before 14 days…
ITR – Adjustments – ATO
AdjustmentsA1 - Under 18 When Tax Payer is Less than 18 Years old on 30 June of FY EndUnder 18…
ITR – Medicare levy -ATO
Medicare levyM1 - Medicare levy reduction or exemptionMedicare Means:Australia's public health system known as MedicareLevy MeansCollect or Demand Money…
ITR – Losses – ATO
LossesL1 - Tax losses of earlier income yearsIf you have tax losses from an earlier income year that you have…
ITR – Deduction Notes -ATO FY 2021 -2022
Deduction Notes: FY 2021 -2022D1 - Work-Related Car ExpensesWork-related car expenses are expenses you incurred as an employee for a…
Individual Tax Return – ATO
Individual Income Heads IndexIncome DeductionLossesOffsetsMedicareIncome TestSpouseBusinessEstimatesScheduleWorksheet Individual Tax ReturnLabelsIncome 1Salary or wages 2Allowances, Earnings, Tips, Directors’ fees etc 3Employer lump sum payments 4Employment termination payments 5Australian…
Tax Rates – ATO
Individual Tax RateResident Tax Rate FY 22-23 Individual Marginal Rate0-18200Nil18201-4500019%45001-12000032.5%120001-18000037%Above 18000045%Note: The above rates don't include the Medicare levy of 2% Resident Tax…
Introduction to IAS – ATO
Introduction to IASInstalment Activity Statement (IAS)IAS is a Form Lodge by Tax Payers who are not required to register GSTIAS…
Introduction to BAS
Introduction to BASBusiness Activity Statement (BAS)If a Business Entity is Registered for GST, then you need to lodge BASBAS…
Introduction to GST – ATO
Introduction to GSTWhat Is GSTMost Goods or Service Sold or Consumed in Australia are Subject to 10% Goods and Service…
