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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)