Every business in Australia must pay their tax to the Australian Taxation Office ATO, on time and on target. All companies in Australia pay a Federal tax rate of 30 per cent on their taxable income, except for small or medium sized businesses, which pay a reduced tax rate of 25 per cent. The reduced tax rate applies only to those companies whose turnover is $50 million.
However, taking care of business can be tough and some companies can’t always live up to their tax obligations. That’s where Wisdom comes in. Struggling with corporate tax debt? Call Wisdom now, before the problem escalates.
What our clients say
Andrew was extremely helpful and understanding in a very difficult time. rnu003cbru003eHe walked me through both the liquidation of the family vineyard/restaurant and my personal bankruptcy. rnu003cbru003eI have now come out the other side with a fresh start and a new for life