Income tax rates may change every year, and the following rates apply to individuals who are Australian residents for tax purposes. They do not include the Medicare Levy rate. Note that special tax rates apply to taxpayers under the age of 18 who receive unearned income ( for example investment income ). 2015/16 TAX RATES [...]
SuperStream is a standard for processing superannuation data and payments electronically. Under SuperStream, you need to pay super contributions for your employees electronically (EFT or BPAY) and send the associated data electronically. If you not sure how to meet the new SuperStream compliance, please read our blog here for more information regarding the SuperStream.
I have just received a letter from the tax office saying that I did not declare some interest from my bank account. What should I do?
If you believe this is incorrect you should contact your bank to verify the income details for your accounts. The bank should notify the ATO in writing if this information is not correct. You have 28 days to correct this information. However, if you have omitted the income, you will not need to contact the [...]