As a business owner, the question of how much to pay yourself is a valid one. The answer, however, depends on a few factors.

Are you working from remotely from home? Have you considered including your expenses in your tax return? You have two options to calculate your work-from-home claim.

Australian residents pay income tax on all forms of income, after a tax-free threshold of $18,200. Tax is calculated at four different rates according to how much income you earn each year, and the tax rate increases the more you make.

To protect the security of your tax and super information, the ATO is introducing a new process to ensure that only your authorised tax agent, BAS agent or Payroll service provider can access your account and act on your behalf.