For educational purposes only. Not tax, legal, or financial advice. Tax laws change frequently. Consult a registered tax agent or CPA for your specific situation.
Free, statute-grounded tax guidance for Australian sole traders, companies and trusts. No signup. No tracking. No email capture.
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Stage 3 brackets, Medicare Levy, HELP repayments.
50% discount, small business concessions, super funds.
Concessional, non-concessional and carry-forward caps.
Imputation gross-up and refundable offsets.
Rental losses, depreciation and after-tax cashflow.
Three-way structure comparison with s.100A flags.
Australia's resident tax brackets for the 2025-26 financial year (1 July 2025 – 30 June 2026):
Plus 2% Medicare Levy on most resident taxpayers.
Earning $250k+ combined income? Division 293 adds an extra 15% tax on your concessional super. Read the guide.
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Try the income tax calculatorHeadline settings for FY 2025-26:
Side hustle running at a loss alongside your salary? Non-commercial loss rules (Division 35) decide whether the loss reduces your PAYG tax bill. Read the guide.
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Run the super optimizerScan the operational hooks for each trade — TPAR cycles, deductible toolkits, licensing — then dive into the full guide.
GST is a 10% tax on most goods and services supplied in Australia, collected under the A New Tax System (Goods and Services Tax) Act 1999. Registration is mandatory once annual turnover reaches $75,000 ($150,000 for non-profits), and taxi and ride-sourcing operators must register from their first dollar regardless of turnover. Once registered, you charge 10% GST on taxable supplies, claim input tax credits on business purchases, and lodge Business Activity Statements quarterly or monthly. The vo
Australian residents pay income tax on a progressive scale from 0% to 45% under the Stage 3 settings that took effect 1 July 2024 and continue unchanged for 2025-26. The tax-free threshold is $18,200, the 16% band covers $18,201 to $45,000, the 30% band extends to $135,000, the 37% band runs to $190,000, and 45% applies above that. Medicare levy adds 2% to every band, and the Medicare Levy Surcharge adds 1% to 1.5% for higher earners without private hospital cover. LITO provides up to $700 for i
Sole traders pay personal marginal rates up to 45% plus 2% Medicare levy but enjoy simplicity, immediate loss offsets, and minimal compliance costs. Companies pay a flat 25% tax rate (base rate entities with aggregated turnover under $50 million and 80% or less passive income) and provide limited liability, but trap losses inside the company and create extraction complexity through Division 7A of ITAA 1936. Discretionary family trusts offer income-distribution flexibility to lower-taxed benefici
Self-employed people are not legally required to pay superannuation for themselves, but personal deductible contributions are one of the most tax-effective tools available. A $30,000 deductible contribution converts income taxed at marginal rates (up to 45% plus 2% Medicare) into income taxed at 15% in the fund (or 30% under Division 293 if combined income and contributions exceed $250,000). The critical compliance step is lodging a valid s 290-150 notice of intent to claim with the fund, and re
Section 8-1 of the Income Tax Assessment Act 1997 permits deductions for losses or outgoings incurred in gaining or producing assessable income or necessarily incurred in carrying on a business, provided they are not capital, private, or domestic in nature. Mixed-use expenses must be apportioned to the business portion. The home office fixed rate for 2025-26 is 70 cents per hour. Motor vehicle deductions can be claimed at 88 cents per kilometre (capped at 5,000 business km) or via the logbook me
A BAS is the form the ATO issues for businesses to report and pay GST, PAYG instalments, PAYG withholding, and other activity-based taxes. Most sole traders report GST and PAYG instalments on a quarterly BAS using Simpler BAS (three GST labels: G1, 1A, 1B), with PAYG instalment labels alongside. You must lodge a BAS for each reporting period even if there is no activity (a nil BAS). A single payment covers both GST and PAYG instalment obligations for the quarter.
The ATO already has line-item data on rideshare, short-stay, crypto and online-marketplace income before you lodge. Audit triggers + common mistakes.
In crisis with tax debt, an ATO letter, or insolvency? Read the crisis page · Lifeline 13 11 14 · Beyond Blue 1300 22 4636
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