Income Tax Rates 2012-13

Tax rates 2012-13

The following rates for 2012-13 apply from 1 July 2012.

Taxable income Tax on this income

0 - $18,200 Nil

Carry Back tax losses for Business

At the moment, if a business incurs a loss, they can only carry it forward to reduce future profits. This reduces the tax liablility in the future.

SchoolKids Bonus 2012

The new School Kids Bonus

What you can get:

$410 for primary school children.
$820 for high school children.
No receipts of school expenses needed.

Education Tax Refund

Independent Students can also claim the Education Tax Refund (ETR), along with Mums and Dads who get FTA.

Tax Time ideas

 With 30 June fast approaching, here are some ideas that may save you tax this year.

If you need anything explained, just give us a call on 1300 taxtoday

Not lodged your tax for a few years?

We can help! Lodging returns from prior years is not as dangerous as you might think. The ATO don't always apply penalties. Actually most of our clients end up with decent refunds.

Instant Tax Refunds

Tax Today, Australia's leading Tax Agents that provide Instant Tax Refunds, have now expanded to Melbourne and Brisbane.

Education Rebate refunds

Yes we can process your Education Rebate tax refund this year. No need to lodge a full tax return if you don't need to lodge. Perfect for Centrelink recipients.

Tax Tips with Ross Greenwood

Our partnership with 2GB has again this year shown us to be the leading Instant Tax Refund company in Australia.

Henry tax review, is it worth it?

The Henry tax review has come up with some clever ideas and some that will scare the industry.

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