Tag Archives: Individual Tax

There are two types of dividends you can receive from companies you have invested in – franked dividends and unfranked dividends. A dividend is a share of the profit of the company you have invested [...]

A Tax Offset reduces the amount of tax you have to pay on your income. The tax you are required to pay is first calculated on your taxable income. If you are eligible for a [...]

Should I claim the tax free threshold? Tax free threshold on your Tax File Number Declaration One Employer If you are only working for one employer and are an Australian tax resident, you are able [...]

What is the Low Income Tax Offset? The Low Income Tax Offset (LITO) Is a reduction in the tax someone pays once their income is over the tax free threshold of $18,200. The maximum you [...]