Hervey Bay Tax Solutions and Plan Management

Medicare Levy is a base rate of 2% of a taxpayer’s taxable income that’s payable by most tax payers and contributes to the funding of our Medicare system. Medicare Levy Surcharge is an additional levy that’s charged to individuals earning more than $101,000 or families earning more than $202,000 who don’t have private health insurance hospital cover. Medicare Levy Surcharge 2025-2026

Threshold	Base tier	Tier 1	Tier 2	Tier 3
Single threshold	$101,000 or less	$101,001 – $118,000	$118,001 – $158,000	$158,001 or more
Family threshold	$202,000 or less	$202,001 – $236,000	$236,001 – $316,000	$316,001 or more
Medicare levy surcharge	0%	1%	1.25%	1.5%

Exemptions can be applied to taxpayers for Medicare Levy in certain circumstances.

A business has a requirement to register for GST once turnover is expected to exceed $75,000 in a single financial year.

While we do take tax return appointments, we also offer a drop-off service where you can email or drop your information into our office and we can prepare your return without you present. During the busy season this will often result in your tax return being completed sooner as there can often be a 4+ week wait for appointments. Don’t worry though, we’re just as thorough with our drop-off service as we are with appointments and we’ll always ensure we ask the necessary questions to obtain all the information we need and ensure we’re maximising any potential tax deductions.