The Etax Blog | Tax Tips for Australians

October 31st Individual Tax Deadline is Fast Approaching

With the October 31st deadline for lodging Individual Tax Returns now October 31st is the Tax Return Deadline less than three weeks away, let’s take a look at what you should do between now and then to ensure you don’t miss the deadline.

To lodge your 2011 tax return, follow these easy steps:

Find your 2010-2011 PAYG summaries which should have been issued by your employer.
Collect all expense receipts from the past financial year.

Taking Care Of Your Taxes in 2011: The Facts!

With July 1st fast approaching, many people are starting to think about how they wish to prepare their 2011 income tax returns. Recently the Australian Tax Office (ATO) has released details of a comprehensive study of the 12.3 million people who lodged their tax return in 2009. You’ll be surprised at the results.

Key Statistics

Out of 12.3 million people who lodged their tax return, 71% used a registered tax agent like Etax Accountants and Etax.com.au.

Six Important Changes to Your Tax Return for 2011

Changes to Tax in 2011 Year after year, the Australian Tax Office refines and updates their rules and regulations for personal income tax in Australia. With July 1st fast approaching we’ve decided to take a look at these changes and how they will affect you in preparing your upcoming tax return.

Our expert accountants identified the following revised tax items that will have the greatest impact on Australians in 2011:

Are you likely to be audited this year?

The ATO identifies key targets for tax audits in 2011

Each year the ATO releases a list of risks they have identified under their compliance program. The list highlights issues the ATO will pay special attention to in their checking and auditing activities. Take a look below to see if any of the issues relate to you: