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Integrity, Innovation & Commitment

3rd Quater 2016

Key Tax Dates

15 JANUARY 2016

• Income tax return for taxable large/medium business taxpayers (all entities other than individuals) due date for lodging, unless required earlier.

Small Business Start Up Costs

From 1 July 2015, small businesses can immediately deduct certain capital expenses associated with starting up a business.

Small Business Company Tax Rate

From 1 July 2015 a new two-tier company tax system took effect and applies to all companies. This system sees the whole of a company’s taxable income subject to the following rates:

Payroll Tax

Payroll tax is a self-assessed, general purpose state and territory tax assessed on wages paid or payable by an employer to its employees, when the total wage bill of an employer (or group of employers) exceeds a threshold amount. The payroll tax rates and thresholds vary between states and territories.

Let us advise you with your accounting and taxation needs!