Tax Disclaimer

Last updated: 29 December 2024

1. Nature of Our Service

TaxRoo provides online calculators and tools to help Australian individuals and businesses estimate their tax obligations. Our calculators are based on publicly available tax rates and rules published by the Australian Taxation Office (ATO).

Our service includes:

• Income tax estimation calculators
• GST calculation tools
• BAS (Business Activity Statement) estimators
• ABN lookup functionality
• Deduction tracking tools
• Tax summary reports

2. Not Tax Advice

The information and calculations provided by TaxRoo:

• Are estimates only and may not reflect your actual tax liability
• Do not constitute tax advice, financial advice, or legal advice
• Should not be relied upon as the sole basis for any tax decision or filing
• May not account for your specific circumstances, exemptions, offsets, or deductions
• May contain errors despite our efforts to maintain accuracy

3. Consult a Professional

For tax advice specific to your situation, you should always consult with:

• A registered tax agent
• A qualified accountant
• A licensed financial advisor
• The Australian Taxation Office (ATO) directly

To find a registered tax agent, visit the Tax Practitioners Board register.

4. Tax Law Changes

Australian tax law is complex and changes frequently. While we strive to keep our calculators up to date with the latest ATO rates and rules:

• There may be a delay between legislative changes and updates to our calculators
• We may not be aware of all applicable rules, exemptions, or special circumstances
• The ATO may issue rulings or guidance that affects tax calculations

Our calculators currently reflect tax rates for Financial Year 2025-26 (1 July 2025 - 30 June 2026), including the Stage 3 tax cuts.

5. Accuracy of Information

While we make every effort to ensure the accuracy of our calculators:

• We do not guarantee that calculations are error-free
• Results depend on the accuracy of information you provide
• Complex tax situations may not be fully captured by our tools
• Rounding differences may occur between our calculations and official ATO calculations

6. Your Responsibility

You are solely responsible for:

• The accuracy of information you enter into our calculators
• Verifying any calculations before relying on them
• Ensuring your tax returns and BAS lodgements are accurate and complete
• Meeting all ATO deadlines and obligations
• Maintaining proper records as required by the ATO

7. No Liability

To the maximum extent permitted by law, TaxRoo and its operators accept no liability for:

• Any errors or inaccuracies in our calculations
• Any losses, penalties, or interest charges resulting from your reliance on our tools
• Any tax assessments, audits, or disputes with the ATO
• Any decisions you make based on information from our service

8. ATO as Authority

The Australian Taxation Office (ATO) is the authoritative source for all Australian tax matters. For official tax information, rates, and guidance, please visit www.ato.gov.au.

9. Questions

If you have questions about this disclaimer or our service, please contact us at:

Email: support@taxroo.com.au