Category: Income Tax

$20,000 immediate write-off for small business

  The government has extended the concession for small businesses with an aggregated annual turnover of less than $10 million until 30th June 2018 for this incentive. This means that small businesses we be able to immediately deduct purchases of eligible assets costing less than $20,000 first used or installed ready for use by 30…

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Tax tables

Like to know your tax rates? Please find in this blog the Australian 2016/2017 Tax Rates and Table. Taxable Income                     Tax on Income  $0 – $18,200                         Nil  $18,201 – $37,000                19c for each $1 over $18,200  $37,001 – $87,000                $3,572 plus 32.5c for each $1…

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