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Self-Employed Tax. How does it work??


Kellypeachey

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Hi all, we are now living the dream and are now living onthe Gold Coast. My OH has just statedworking on a self-employed basis and I wondered how it works?

IE how much tax and supper should we put away weekly/monthlyon a $35.00 a hour rate ,we are keeping all receipts for petrol, tools etc as Iam sure that it kind of works the same way as UK IE deducting expenses etc.

Does anyone have a web site that they could recommend thatexplains how it work as I found the government web site quite confusion.

Many thanks for any advice

The Peachey's

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Super is deducted at 9.25% , is he subcontracting to someone ? If so they should be deducting the super and paying it for you .Have a look on the ATO web site full of helpful information.

would be worth going to see a tax accountant ,financial year runs from 1st July to 30th June

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