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Payroll setup and casual support
Payroll run in our Software either via yourself or a Shand Business Solutions specialist or both
Income tax in Australia is the most important revenue stream within the Australian taxation system. Income tax is levied upon three sources of income for individual taxpayers: personal earnings (such as salary and wages), business income and capital gains.
Income received by individuals is taxed at progressive rates, while income derived by companies is usually taxed at a flat rate of 30%. Generally, capital gains are only subject to tax at the time the gain is realized. Income tax is collected by the Australian Taxation Office for the Government of Australia.
In Australia the financial year runs from 1 July to 30 June of the following year.
Individual Income Current Tax rates are available via this link. ATO Income Tax Rates.