Month: December 2025

Using a Medicare levy calculator helps you work out how much you may need to pay the Medicare levy and whether any Medicare levy surcharge could apply to your situation. Most taxpayers in Australia contribute a certain amount on top of income tax, so knowing the figures early makes it easier to plan and avoid…

Pty Ltd explained: what it means for bookkeeping, tax, and compliance in Australia starts with understanding that a Pty Ltd company is a proprietary limited business structure that is a separate legal entity from its owners. When your business becomes a private company rather than a sole trader, it brings limited liability protection but also…

Marginal tax rates describe how much tax you pay on each extra dollar of income you earn, and they’re one of the most important concepts to grasp if you run a business or work as a contractor in Australia. Understanding your marginal tax rate directly affects your take home pay, determines how much tax liability…

Marginal Tax Explained: How It Affects Your Small Business Taxes in Australia is all about how each additional dollar of taxable income is taxed and how that affects your money in real life. When you understand how marginal tax and the tax rates apply to your annual income, it becomes much easier to work out…