Tax checklists
Business
Year-end tax planning for small businesses has traditionally been based on accelerating business deductions and deferring income.
However, Small Business Entities (SBEs) with an annual turnover of less than $2 million now have particular concessions that only apply to them.
Find out more by downloading the PDF:
Individuals
Personal income tax thresholds increased from 1 July 2008. The tax rates for resident individual taxpayers for the 2007/2008 income year are as follows:
Income threshold Tax payable
0 – $6,000 Nil
$6,001 – $30,000 Nil + 15% on excess over $6,000
$30,001 – $75,000 $3,600 + 30% on excess over $30,000 $75,001 – $150,000
$17,100 + 40% on excess over $75,000 $150,001 and over $47,100 + 45% on
excess over $150,000 (Note: Medicare levy is payable in addition to
these rates.)
Find out more by downloading the PDF: