Frequently Asked Questions

Lodgement & Payment dates for Activity Statements
  • September Quarter 28th October
  • December Quarter 28th February
  • March Quarter 28th April
  • June Quarter 28th July
  • Monthly Activity Statements are due 21st of the following month
Individual Tax Rates from 1st July 2019
  • $0 to $18,200  –  0%
  • $18,200 to $37,000  –  19%
  • $37,000 to $90,000  –  32.5%
  • $90,000 to $180,000  –  37%
  • $180,000 and above  –  45%
Medicare Levy

The Medicare Levy is 2%.

Superannuation Guarantee
  • From 1st July 2017  –  9.5%
  • 2017 to 2022  –  9.5%
  • 2023  –  10%
  • 2024  –  11%
  • 2025  –  11.5%
  • 2026 & on  –  12%
How much tax to withhold from employees wages
Company Tax Rate
  • Small Business Entity  –  27.5%
  • Large Business Entity  –  30%
Maximum superannuation contribution
  • $25,000 per year as a concessional contribution from 1 July 2017
What is a Concessional Superannuation Contribution
  • Is a superannuation contribution paid by an employer (SG contribution) and/or a personal superannuation contribution which is claimed as a tax deduction.
What is a Non Concessional Superannuation Contribution
  • Is a superannuation contribution made from personal funds which is NOT claimed as a tax deduction. There is a limit of $100,000 per year. There is an ability to bring forward 3 years Non Concessional contributions.
What does it mean to Bring Forward Non Concessional Superannuation Contributions
  • The ability to contribute up to $300,000 in one year. This then does exclude further Non Concessional Superannuation contributions until the 3 year period has expired.