Do you work entirely from a home office or do you need to do overtime from home? Many of us need to open our home laptop to check emails or use our own phone to make a few work calls from time to time. But if taking work home is a regular occurrence for you, […]
Tax Advice
Tax Advice: 2022 Tax Return | Increase Your Tax Refund | Superannuation | Tax Deductions | Medicare and Health Insurance
5 Smart Ways to Use Your Tax Refund This Year
This year, before you race off to the shops to spend your tax refund, consider how your tax refund could have the biggest impact on your life and your finances. At Etax we hear from lots of Australians (and tax accountants) about the ways they plan to spend their tax refund. Let’s look at some […]
Save receipts and deductions to fast track your 2023 tax return
The best way to make the most of you 2023 tax deductions is to save ALL your tax receipts – but that’s not always easy. Did you get to tax time this year and find you’re in the “I know I had more expenses than that It’s SO annoying when you realise you can’t claim […]
Working from home due to COVID-19?
Learn how it could help maximise your tax refund. Are you like many Australians who have worked from home during the COVID-19 pandemic? If yes, you may be entitled to claim work from home deductions on your 2020, 2021 and 2022 tax return. The bonus: you could end up with more money in your pocket […]
Can’t work due to COVID? What help is available?
What do you do if you can’t work due to Covid? Thousands of Australians have been driven into self-isolation due to the latest Covid strain. Many businesses have been forced to close or reduce hours due to staff shortages and high infection rates. Luckily there is some help out there to help you stay afloat […]
COVID Tax Deductions (And Other Changes To Your Return)
It’s no secret that the global COVID-19 pandemic changed many aspects of our lives and now that COVID appears to be here to stay, it’s time to learn what it means for your tax return. If you’re like the millions of other Australians who’ve had their work arrangements change, it’s important you understand how your […]
Crypto Tax Australia – Your Guide to Cryptocurrency and Your Tax Return
The use of cryptocurrency is growing every day in Australia, but what actually is it? More importantly, how does crypto tax affect you? First things first: What is cryptocurrency? Cryptocurrency, usually shortened to crypto, is used to describe a digital or ‘virtual’ currency. Crypto is similar to normal currency when it comes to spending but […]
5 Smart Ways to Use Your Tax Refund
We’re often asked the smartest ways to use your tax refund – so we’ve collated a quick list of tips and ideas! How to spend your tax refund to get ahead 1. Pay off your debts Probably the very smartest way to use your tax refund is to pay off any bills or credit cards. […]
Claim tax deductions to get a better tax refund
If you’re not sure how to claim tax deductions or what you’re actually allowed to claim, you’re not alone! The most common things our clients ask us is, “exactly what tax deductions can I claim on my tax return?” When you claim tax deductions the right way, you get more cash back in your pocket at […]
A Simple Guide To Tax Deductions in Australia
OK, so what is a tax deduction? A tax deduction is a something you paid for, out of your own pocket, that can be listed on your tax return. This can help reduce your taxable income and that boosts your tax refund. Tax deductions include work-related expenses like the costs of buying uniforms, tools and […]
Government Tax Cuts Extended
The 2022 Budget threw in a few perks for businesses but the one that around 10 million taxpayers will appreciate, is the decision to increase the tax offset for low and middle income earners. The Low and Middle Income Tax Offset, often referred to as the LMITO, has been increased for the 2021-2022 income year […]
How to claim personal super contributions on your tax return
Add money to your superannuation and score a tax savings today! How good does this sound? We explain how to claim personal super contributions on your tax return. Most Australians know that super is money for retirement. What’s less well known is that you don’t solely have to rely on your bosses’ contributions to grow […]
Low Income Super Tax Offset
If you’re a low-income earner, saving for your retirement can feel daunting. Fortunately, the Australian Government have some programs to help you prepare, including the Low Income Super Tax Offset (LISTO). What does the Low Income Super Tax Offset program offer? The Low Income Super Tax Offset is a government program to help low-income earners […]
Your Tax File Number – Everything you need to know
What is a tax file number? A Tax File Number – sometimes shortened to TFN – is a unique ID number that you get from the government. It’s used for your tax return, benefit payments and superannuation services. You also need it to apply for an Australian Business Number and to complete a bank account […]
Ironing Out Laundry Expenses for Uniforms
Do you wear a uniform to work? If it falls into any of the categories we discussed in our uniform expenses post, you can also make a claim for the cost of laundering those uniforms. The way you calculate your laundry expenses will depend on your how you clean your uniform. We’ve created the following […]
