
Do you know how to calculate your income tax as an individual taxpayer?
Income tax is the normal tax which is paid on your taxable income. The rates of tax chargeable on taxable income are determined annually by Parliament and are generally referred to as “marginal rates of tax” or “statutory rates”. The rate of tax levied on an individual is set on a sliding scale which results in the tax increasing as taxable income increases.
Every year, the Minister of Finance announces the rates to be levied by publishing the applicable tax tables during the annual budget speech. These calculations can become quite complex.
Please join us for this very insightful course, during which we are going to show you how to calculate income tax taking various income tax elements into consideration.
Course Content:
All Included:
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Gary Garbutt,
Head of Operations
Biz Facility Pty Ltd
(Registration number: 2011/105349/07)
Mission Statement:
To provide value added skills and tools through superior training and engagement that enables our clients to become more financially skilled.
Our Vision:
To provide practical skills and tools to small and medium business owners and individuals, in order to effectively utilize accounting data to manage their business or area of operation, and to effectively manage their tax obligations, both personally and professionally.
Biz Facility, founded in 2010, was founded to provide practical training interventions to small and medium sized businesses, as well as individuals, to equip clients in managing their business’s and tax affairs more effectively.Biz Facility provides both training and financial services to its clients: