Which rates apply?

The individual income tax rates will depend on the income year you select and your residency status for income tax purposes during that income year.

Foreign residents are taxed at a higher rate and aren’t entitled to a tax-free threshold. Part-year residents may be entitled to a part-year tax-free threshold.

It won’t calculate
Medicare levy
Medicare levy surcharge
Temporary Budget Repair Levy
Working holiday makers’ tax obligations
First Home Super Saver (FHSS) scheme
Study and training support loans compulsory repayments (such as HELP/TSL and SFSS) liabilities you may have.
If you need a detailed calculation, you can use the Income tax estimator.

Disclaimer
All outcomes provided by this calculator are based on the information you provide at the time of calculation. You should use the outcomes as an estimate and for guidance purposes only.

The exact amount of your income tax can only be calculated upon lodgment of your income tax return.

Next step:

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contractor vs employee decision tool

Simple tax calculator

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The decision tool is for use by businesses that engage and pay a worker.

The tool is not designed to be used by:

• labour hire firms
• individual workers
• operators or drivers deriving income in connection with ride-sourcing arrangements.

What this decision tool gives you

After answering some questions about the working arrangement between you and your workers, you will receive a report:

outlining whether your worker is an employee or contractor for tax and super purposes
detailing the tax and super obligations you need to meet.
Provided your responses accurately reflect the working arrangement, you can rely on the result provided by the tool for tax and super purposes. It is a record of your genuine attempt to understand your obligations for your worker and would be considered if we review your working arrangement in the future.

For record keeping purposes please keep a copy of the result provided by the tool.

Note: The information you provide and the answers you select are not stored. You will remain anonymous at all times.

Next step:

Click here to start

The post contractor vs employee decision tool appeared first on Pegasus Professional Accounting.

We don’t use the same rules as the Department of Home Affairs. This means you:

• can be an Australian resident for tax purposes without being an Australian citizen or permanent resident
• may have a visa to enter Australia, but are not an Australian resident for tax purposes.

Click here to start

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