The Australian Taxation Office has confirmed that employers across Australia who have been letting their staff use ride-sharing services such as Uber, rather than a licensed taxi, could be liable for big tax bills.
The reason is based on this:
Is it true?
Will Aussie Mums have to pay 90% tax?
It seems it may not be tax after all; this is one part of the story:
Holders of 417 and 462 Working Holiday Visa pay a special rate of tax while working in Australia. It is lower than other temporary visa holders but higher than Australian residents.
The first $37,000 of your … Read the rest
If you’re a Senior Australian, you may be eligible for the seniors and pensioners tax offset (SAPTO).
The SAPTO can reduce the amount of tax you are liable to pay. In some cases, it may reduce your tax liability to … Read the rest
Tax Returns must be lodged by 31st October 2018
If you register to use any tax agent to do your return, they are normally able to stagger the returns later … Read the rest
The Australian Medicare system is partly funded by taxpayers who pay a percentage of their taxable income as a Medicare levy.
The lower paid are exempt from this levy, and some higher paid are required to pay a higher percentage than others.
Taxable … Read the rest
On the 21st June 2018, the Government’s plan to overhaul income tax passed the Parliament, clearing the Senate: 37 votes to 33.
The Australian Council of Trade Unions has said that the Coalition’s $143bn personal income tax cut package is something that the country … Read the rest
The Australian 2018 budget introduced the Low and Middle Income Tax Offset (LMITO) for the tax years 2018-19 through to 2021-22, to assist Low and Middle Income earners with a slightly lower income tax deduction. This is in addition to the Low … Read the rest
Australian taxpayers are able to benefit from the Low Income Tax Offset [LITO] benefit from the Australian Tax Office (ATO).
The Low Income Tax Offset [LITO] is an end of year rebate for lower income earners, and does not have … Read the rest
A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income.
If the annual income is $37,000 then the tax payable is $3,572. This is 9.65% of Taxable Income.
At an income of $90,000 … Read the rest
