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, […]
2022 Tax Return
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 […]
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 […]
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 […]
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 […]
The Medicare Levy Surcharge
What is the Medicare Levy Surcharge? The Medicare Levy Surcharge is a charge some medium and high income earners pay in addition to the Medicare Levy. Like the Medicare Levy, the surcharge is to help pay for the public health system and to encourage those people who can afford it to take out private health […]
Tax Brackets Australia
What are the tax brackets in Australia? Tax brackets in Australia are set by the Federal Government and the Australian Tax Office (ATO). They determine the rate of tax that each Australian taxpayer pays based on their annual income. Each taxpayer falls into a tax bracket in Australia. The specific bracket depends on their taxable […]
Capital gains tax: Does it apply to you?
What is capital gains tax? Capital gains tax (CGT) is the tax you pay on profits you make from the sale of a capital asset such as real estate or shares. A capital gain is when you sell a capital asset for more than you originally paid for it. You are required to pay tax on […]
Tax Deductions for Business Professionals & Office workers
Office worker and business professional tax deductions is a pretty broad topic. The term business professional covers a wide range of roles, including managers, designers, supervisors, IT staff, marketing team members and pretty much anyone else who works in an office! With so many emails to read, calls to make and deadlines to meet, it’s […]
Your Personal Guide to Trainee and Apprentice Tax Deductions!
Whether you’re an apprentice or trainee carpenter, electrician, mechanic, plumber, bricklayer or painter (just to name a few), we have all the apprentice tax deductions covered for you in this guide! Starting out in a trade or traineeship involves long hours spent learning the ropes in your chosen field. It’s a common misconception that apprentices […]
