ABN essentials

The Australian Business Number (ABN) is a single identifier for all business dealings with the tax office and for dealings with other government departments and agencies.

ASIC’s MoneySmart

Financial guidance you can trust. MoneySmart is run by the Australian Securities and Investments Commission (ASIC) to help people make the most of their money. ASIC's MoneySmart is for all Australians – young or old, rich or poor, investing or paying off debt. MoneySmart offers free, independent guidance so you can make the most of your money, and is not selling you anything.

Employee/contractor decision tool

Use the Employee/contractor decision tool to find out whether your worker is an employee or contractor for tax and super purposes.

Fringe Benefits Tax

Fringe benefits tax (FBT) is paid on certain benefits employers provide to their employees or their employees' associates in place of salary or wages.

Medicare levy

Medicare is the scheme that gives Australian residents access to health care. To help fund the scheme, most taxpayers pay a Medicare levy of 1.5% of their taxable income.

PAYG instalment essentials

Pay As You Go (PAYG) instalment is a system for paying instalments towards your expected tax liability on your business and investment income.