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Spender or Saver? - Link to quiz

Tax Spending Workbook    

What does the Business tax calculator do? This calculator allows you to compare the tax liabilities of different business structures (sole trader, partnership and company) that earn the same amount of income (or profits). It will help you to decide which business structure is the most tax effective for different income scenarios. How do you use the calculator? To find out the tax liabilities of each business structure, you need to: Enter…

Creating a class Creating a class is simple. Just follow these easy steps. Either Login to Tax, Super + You and click on ‘Go to my classes’ which will appear on the page. Or if you are already logged in: Click on ‘Hi [your name]’ on the top right of the website banner and select ‘My classes’. Click on ‘Create a class’. Give your class a name. Click on ‘Create class’. Inviting students Select the class you want to invite…

Some businesses (and individuals) deliberately try to avoid paying tax by operating outside the tax and regulatory system. This is known as the black economy, the shadow economy, cash economy or underground economy. Businesses can engage in the black economy by: under reporting income failing to declare income (such as sharing economy contractors) paying cash wages off the books underpaying wages sham contracting ABN fraud selling…

Tax Spending Workbook   Linked activities: Tax spending (AC v9.0) Tax spending (AC v8.4) Tax spending (NSW Commerce)  

This video explains why it is important to have a tax file number (TFN) before you start a job. Watch the video: Getting a Tax File Number: Tim’s tale What was Tim’s bad habit?   Tim did not apply for his TFN before starting his new job. Will he still get paid?   How much could Tim be taxed if he has no TFN?   Is there any way of recovering any of the money back? How?   What…

  Video viewing guide: GrantConnect - Discovery and Grants Awarded   Linked activities: How tax contributes to community and civic life (AC v9.0) How tax contributes to community and civic life (AC v8.4)