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What is myTax? MyTax is the ATO’s online tool for lodging your tax return. It is web-based, so you don't need to download or print anything. You can use myTax on any device with internet access (computer, tablet or smartphone). What do you need before you start using myTax for the first time? A computer, tablet or smartphone with internet access. A myGov account. A tax file number (TFN). Your date of birth. If you are new to tax, you…

This budget planner will help you to work out if you are living within your means, where you are spending your money and identify areas where you can make savings. What will I need to use the budget planner? You will need a computer or smart phone with internet access. You will also need information about your income and costs in relation to: home and utilities such as rent, mortgage, gas, power and rates insurance and finances such…

Being honest is not always easy but the risks of being dishonest can have serious consequences. These range from losing a friend todamaging your reputation and your ability to get a job or losing freedom by having to go to prison. These outcomes affect social wellbeing, income and lifestyle, and family.  We need to think about the consequences of dishonesty - what happens to us if we are dishonest and get caught and how does it affect…

This calculator on the ATO website helps you to estimate the tax you owe on your taxable income. Note: The simple tax calculator does not include all the compulsory tax payments, such as Medicare, and so will underestimate your obligation. For a more complete estimate, go to the income tax estimator.   Step 1: What you need before you start creating the account You will need a computer or smart phone with internet access. You will also…

Go to ato.gov.au and search for ‘estimate my super’. Image: Estimate my super calculator homepage that indicates you must enter the full period you intend to estimate super as a first step. It shows that once you have filled in this information, you proceed to the next step by clicking on ‘show quarters’. By putting your information into this tool, you will receive a report listing how much superannuation your employer should have paid you.…

You can apply for a tax file number (TFN) in 2 ways:online using your Digital ID, such as myIDat Australia Post.Applying online using myIDThe fastest way to apply for a TFN is online, using myID. You'll receive your TFN straight away.To do this you need to:be 15 years old or olderhave an Australian passport - either current or no more than 3 years expiredhave at least one other Australian ID document - for example, a driver's licence.Apply at…

Tiered pricing and percentage systems Businesses which involve sales (selling of products) may wish to add incentives/rewards for those sales agents and/or customers who sell or purchase more products. For example: A product supplier (i.e. seller) may decrease the price per unit/item for those customers who purchase more units. Companies with sales agents, such as Real Estate, Cars and Advertising, may want to treat their sales agents who…

Image: Table showing hourly rates of pay for permanent retail employees. Level 3 is highlighted and shows that the Base Hourly Rates for permanent employees is $15.43. The rate for Monday to Friday after 6pm is $18.91. The Sunday rate is $27.23 and the Public holiday rate is $34.04. https://www.retailwages.com.au/# Example 1: How to calculate wages and overtime I’m a retail employee level 3. I’m permanent and I work 35 hours each week, but…