Individual Tax Return (self-lodge)

Australian Business Activity Statement (BAS) — non-GST sections. Covers PAYG withholding (labels W1-W5), PAYG income tax instalments (labels T1-T9), FBT instalments (label F1), and PAYG withholding reconciliation. Complements australia-gst.md which covers GST labels (1A-9).

Use this skill whenever asked about Australian individual income tax for sole traders. Trigger on phrases like "how much tax do I pay in Australia", "Australian tax return", "sole trader tax", "ABN tax", "Medicare levy", "LITO", "PAYG", "tax brackets Australia", "BAS", "instant asset write-off", "home office deduction", "HELP repayment", "HECS debt", "small business income tax offset", "motor vehicle deduction", or any question about filing or computing income tax for an Australian sole trader. Covers 2024-25 Stage 3 tax rates, Medicare levy and surcharge, LITO, business income computation, allowable deductions, depreciation, instant asset write-off, small business income tax offset, HELP/HECS repayments, and final tax computation. ALWAYS read this skill before touching any Australian income tax work.

Use this skill whenever asked about the Australian Medicare Levy, Medicare Levy Surcharge (MLS), low-income reduction thresholds, family thresholds, surcharge tiers, private health insurance (PHI) rebate interaction, or Medicare levy exemptions. Trigger on phrases like "Medicare levy", "Medicare surcharge", "MLS", "do I pay Medicare levy", "low income Medicare", "Medicare levy reduction", "Medicare levy exemption", "private health insurance rebate", "PHI rebate", "M1", "M2", or any question about Medicare-related levies on an Australian tax return. ALWAYS read this skill before touching any Medicare levy work.

Use this skill whenever asked about Australian PAYG Instalments for sole traders. Trigger on phrases like "PAYG instalments", "BAS T1 T2 T7 T9", "instalment rate", "instalment amount", "ATO instalment", "GDP uplift", "GIC", "variation of instalments", or any question about income tax prepayments through the Business Activity Statement. Covers entry/exit thresholds, instalment rate method (T1/T2), instalment amount method (T7), GDP uplift factor, voluntary variation, GIC exposure on under-estimation, and quarterly/annual election. ALWAYS read this skill before touching any PAYG instalment work for Australia.

Australian sole trader business schedule (Business and Professional Items Schedule for Individuals). Covers assessable business income, allowable deductions, home office (fixed rate 67c/hour or actual), motor vehicle (logbook or cents per km at 85c/km), depreciation (instant asset write-off, simplified pooling, general pooling), prepaid expenses, and trading stock.

Use this skill whenever asked about Australian Superannuation Guarantee (SG) obligations, voluntary super contributions, concessional and non-concessional caps, Division 293 tax, government co-contribution, spouse contribution tax offset, carry-forward rules, or any question about super for sole traders or employers. Trigger on phrases like "how much super do I pay", "SG rate", "super guarantee", "concessional cap", "Division 293", "salary sacrifice super", "personal super contribution deduction", "co-contribution", "BPAY super", "ATO super clearing house", "super fund contribution", or any question about Australian superannuation. Also trigger when classifying bank statement transactions showing super fund payments, BPAY super debits, or ATO Small Business Super Clearing House (SBSCH) payments. ALWAYS read this skill before touching any SG-related work.