Withholding tax is what employers deduct from gross wages to pay directly to the ATO. Learn from how to calculate it to what to do if an employee leaves.
READ:How long does it take to get a tax return? How to record GST payable For help on recording GST payable in your MYOB products, see theHelp & Support area How to report GST There are four tax periods when you will be required to report your GST to the Australian Tax Office (ATO)...
You need to declare your capital gains in your tax return for the financial year in which the asset was sold. For example, if you sold an asset in January 2024, it would be reported in the 2023-24 tax return, which is due by 31 October (or later if it is lodged by a tax a...
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‘imputation credit’) entitles the investor to receive a credit for the tax already paid by the company on this dividend against their own income when they complete their individual tax return. In cases where the tax already paid exceeds the individual’s marginal tax rate, the ATO will ...
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