2023 Tax Guide by Scott Associates

Scott Associates' helpful tax guide for the coming financial year. This booklet contains concise information only. If there are any issues raised in this brochure of anything relating to your taxation and financial affairs you wish to discuss, please do not hesitate to contact us.

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.

Checklist for Starting your Business

Are you new to business? To help you get started, the Australian Government has developed a 'Starting Your Own Business Checklist', covering many of the basic issues you need to consider.

Comprehensive tax calculator

This calculator will help you work out your tax refund or debt for the income year. It will estimate your tax payable and will also calculate.

Duty Calculator

Use for calculating duties such as, Stamp, Land Tax in NSW etc. These calculators will help you estimate tax and duty payable or interest owing.

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.

Gross Pay Calculator

You can use this calculator to estimate your gross pay based on your net pay for a particular pay period. A pay period can be weekly, fortnightly or monthly.

Tax withheld calculator

If you are an employer or another withholding payer, the tax withheld calculator helps you work out the tax you need to withhold from payments you make to employees and other workers.