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Individual tax return is the amount of money you need to pay in taxes for a specific year is calculated through your annual tax return.

An SMSF auditor examines the validity and accuracy of an SMSF's financial records and makes sure that the fund is compliant with superannuation rules.

The partnership doesn't pay tax on its income, however you must lodge a partnership tax return to declare: the income the partnership earns.

A Trust is a legal entity that is required to lodge an annual Trust Tax Return which reports the financial summary of the Trust's activities to the Australian Taxation Office.

Company tax is calculated by applying the set 'tax rate' to your 'taxable business income'. Your taxable income is your assessable income, minus deductibles.