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Our mission is to empower clients by maximizing their tax savings and enhancing the financial health of their business through expert guidance, strategic planning, and trusted personalized service.
Tailored personal and business taxation services to maximize your returns and ensure full compliance with tax regulations.
Accurate and efficient bookkeeping and accounting services to keep your finances organized and your business compliant.
Set up and manage your SMSF with expert guidance, ensuring full compliance and accurate accounting every step of the way.
Set up and manage your Trust with expert guidance and accurate accounting every step of the way.
Seamless business registration and offer specialist services to support your business from setup to success.
Manage end to end payroll process ensuring timely payments and compliance.
Helping to reduce operational costs by leveraging economies of scale or lower labour costs in different regions.
Recommending changes to company's financial structure to improve its financial health and overall performance.
With over 10 years of experience, we are a trusted Tax and Accounting firm
dedicated to delivering expert financial solutions tailored to individuals and
businesses alike.
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Our team of qualified and experienced professionals brings deep industry
knowledge to every engagement, ensuring accuracy, compliance, and
strategic insight.
Complete Tax Information Guide
You usually have to pay tax when you earn money from employment, pensions, government payments, investments, and foreign sources.
Important: Income tax is a fundamental part of Australia's tax system, funding essential public services and infrastructure.
Current Australian tax rates for the 2024/25 financial year:
Taxable Income | Tax on This Income |
---|---|
$0 – $18,200 | Nil |
$18,201 – $45,000 | 16c for each $1 over $18,200 |
$45,001 – $135,000 | $4,288 plus 30c for each $1 over $45,000 |
$135,001 – $190,000 | $31,288 plus 37c for each $1 over $135,000 |
$190,001 and over | $51,638 plus 45c for each $1 over $190,000 |
Most people pay a Medicare levy, which is 2% of your taxable income. The levy is charged as part of your yearly income tax assessment.
Lower Income Reduction: If you're on a lower income, your levy may be reduced, or you may not have to pay it at all.
The Medicare levy helps fund Australia's public health system, ensuring healthcare services are available to all residents.
Common tax deductions that can help to reduce your taxable income:
Remember: Keep all receipts and records for deductions you claim. They must be directly related to earning your income.
Your tax return must be lodged or you must engage a tax agent by 31 October.
Important Deadline: Don't miss the deadline! Late lodgment can result in penalties and interest charges.
If you use a registered tax agent, they may have extended deadlines. Contact Count Right Tax & Accounting for professional assistance with your tax return.
Salary sacrificing is a regular pre-tax contribution from your regular income into your superannuation and is taxed at the lower rate of 15%.
Tax Advantage: Instead of paying your marginal tax rate (which could be 30%, 37%, or 45%), your super contributions are only taxed at 15%.
This strategy can significantly reduce your taxable income and increase your retirement savings simultaneously.
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