Resources and Forms
We want to do everything we can to help you and your business succeed!
Here are a few resources that we think will help you get the most out of your time and effort.
Useful Links:
Tax CalculatorsA simple tax calculator is available to help you calculate the tax on your taxable income. The Individual Income tax rates show the amount of tax payable in every dollar for each income tax bracket depending on your circumstances. Note rates are different for children, resident, non resident and working holiday makers.
| Tax deducted from my payIf you want to know how much your employer (or other payer) is required to withhold from payments to you, use the Tax withheld calculator . |
Helpful Resources:
Deceased estate and capital gains taxExplains the special rules that apply to the calculation of any capital gain or capital loss made from a deceased estate. Take note of time limits if you were to gain CGT Exemptions sale | Gifts of shares valued $5,000 or lessThis fact sheet discusses gifts of listed shares valued at $5,000 or less that you acquired 12 months or more before donating them and whether you can claim tax deductions for this type of gift.
| Inheriting a dwellingIf you inherit a dwelling, or part-ownership of a dwelling, from a deceased person, and later dispose of it, you need to be aware of the capital gains tax rules which may apply. | Subdividing and amalgamating landIf you subdivide or amalgamate parcels of land which you may later sell, you need to be aware of the capital gains tax implications |
Being tax-smart when investing in propertyIf you use your property to earn income at any time, you will have tax obligation and entitlements | Tax smart investing: Investment in sharesTax treatment of shares depends on whether you're considered to be holding shares as an investor or carrying on a business as a share trader. | Transferring real estate to family or friendsThere can be capital gains tax implications of transferring real estate to your family or friends. | Treating a dwelling as your main residence after you move outIn some situations, you can choose to have a dwelling treated as your main residence (your home) for capital gains tax purposes, even though you no longer live in it. |
Moving to another main residenceIf you acquire a new home before you dispose of your old one, both dwellings may be treated as your main residence for up to six months. (12 months continuous period rule apply) | Using your home to produce incomeYour home, being principal place of residence is generally exempt from capital gains tax. However, if you used it, or part of it, to produce income it may not be fully exempt. Income can include rent or the proceeds of a business. | Accountants dailyNews and intelligence for Australian accountants, focusing specifically on issues and industry developments that are of significance to the accounting and taxation professionals. It keeps accountants abreast with latest developments and provides a platform for commentaries. | Australian Accounting Standards Board (AASB)Responsible for developing, issuing and maintaining Australian Accounting Standards and related pronouncements. Attached provided latest research, drafts associated with accounting standards in Australia |