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Tax Ins and Outs of a Second Job

As we zap into the holiday season and the New Year, thousands of Australians are feeling the pinch in their wallets. It’s an expensive time of year. Plus everyone wants 2017 to be a better year financially. Taking a second job is on the cards for many.

First, see if you are really going to end up ahead. It’s important to know the tax ins and outs of a second job so you can make an informed decision.

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Calculators

The following are samples of calculators that may provide rough guidance in financial and taxation matters.   Simple Tax Calculator The ATO’s calculator estimates the tax payable on your taxable income Stamp Duty/Land Transfer Calculator The State Revenue Office’s calculator…

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