2024 Tax Tables The income tax rates for the 2023-2024 financial year (which runs from 1 July 2023 to 30 June 2024) are as follows: Note that these rates do not include the Medicare Levy, which is an additional 2% tax on most taxpayers’ income that helps fund Australia’s publicRead More →
In today’s dynamic economy, many individuals are considering taking on a second job to supplement their income or pursue their passions. However, before embarking on this journey, it’s crucial to understand the implications that having a second job can have on your overall income and financial situation. Having a secondRead More →
Introduction Established in June 1996, Highland Accounting Services is a trusted registered tax agent and accounting firm located in Adelaide’s northeastern suburb of Gilles Plains. With a team consisting of a full-time accountant and a part-time accountant, we are dedicated to providing excellent service to our clients. In today’s fast-pacedRead More →
Party Like a Rockstar Who says tax season can’t be fun? You’ve worked hard all year and deserve a chance to blow off some steam, right? Take that tax refund and party like a rockstar! Rent a luxurious hotel room or Airbnb, buy expensive champagne and liquor, and invite allRead More →
It’s July, and you have received your PAYG Payment summaries. Now it’s time to lodge your tax return and potentially receive a refund. The Australian Taxation Office issues an average refund of just over $2800. However, it’s important to remember that this isn’t a windfall; it’s simply money that youRead More →
Hey there! Are you looking for some great ways to spend your tax refund while also being eco-friendly? Look no further! With the Australian average tax refund amount of around $2,500, you can make a positive impact on the environment and your wallet. 5 Eco ideas Solar Panels Installing solarRead More →
I am currently working on a client, that has not lodged a tax return since 1996. When you prepare tax returns over a 14 year period in a single sitting, you notice some real changes to the tax rates. For instance, from 1st July 2009, the Low Income Tax OffsetRead More →