SSK Accountant’s expertise in taxation is second to none. With so much experience and industry specific diversity within the firm our results speak for themselves. For the corporate client, SSK Accountants specializes in Tax Planning and Consulting together with Group Restructuring, Compliance Services, Capital Gains Tax, Goods and Services Tax, Fringe benefits Tax, and Superannuation.

For individuals, we are able to prepare and lodge income tax returns electronically, ensuring all sources of income is disclosed and deductions correctly claimed. We work closely with our clients to help them maximize their deductions, as per Income Tax Laws.

  • Preparation and Lodgement of Tax Returns for ALL Structures
  • Amendments to Tax Returns
  • FBT returns
  • Payment Summaries
  • Annual Payment Summary Reconciliation
  • ATO Liaison
  • Work cover
  • Registration/Deregistration – TFN, ABN, PAYG, FBT
  • Capital Gains tax
  • Shareholder Loan Agreements
  • Dividend 7A Agreements
  • Depreciation Schedules
  • Franking Accounts
  • Tax Structures
  • Payroll Tax
  • Private Rulings
  • Salary Sacrifice
  • Tax Planning
  • Software Training – MYOB

Following are some information about the Income Tax Rates applicable for the year ending 2015– 2016

Residents

These rates apply to individuals who are Australian residents for tax purposes.

Tax rates 2015–16

The following rates for 2015–16 apply from 1 July 2015.
Taxable income Tax on this income
0 – $18,200 Nil
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $80,000 $3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000 $17,547 plus 37c for each $1 over $80,000
$180,001 and over $54,547 plus 45c for each $1 over $180,000

The above rates do not include the:

  • Medicare levy of 2%
  • Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.

Foreign residents

If you are a foreign resident for the full year, the following rates apply.

Tax rates 2015–16

The following rates for 2015–16 apply from 1 July 2015.
Taxable income Tax on this income
0 – $80,000 32.5c for each $1
$80,001 – $180,000 $26,000 plus 37c for each $1 over $80,000
$180,001 and over $63,000 plus 45c for each $1 over $180,000

Foreign residents are not required to pay the Medicare levy.

The above rates do not include the Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.
Source: ATO website

income_tax