Learn how it could help maximise your tax refund. If you, like many Australians have worked from home during the COVID-19 pandemic then you may be entitled to claim work from home deductions as part of your 2020 tax return. The bonus: you could end up with more money in your pocket at tax time! […]
Increase Your Tax Refund
Tax Advice: 2019 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 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 of […]
How to claim tax deductible donations
When you give money to a charity, your gift can be a tax-deductible donation Tax deductible donations are a great way to give your tax refund a boost while contributing to a worthy cause. Charities rely on the generosity of people’s donations to support them, so they can work toward important goals like helping the […]
What are franked dividends and how do franking credits work?
One out of every three Australians owns directly held shares. It’s really quite common, and many of them receive dividends on those shares. But when it comes to how dividends are taxed, it can suddenly seem very confusing. Let’s explore what franking credits and fully franked dividends are all about Think back to the 2019 […]
Claiming Tax Deductions Without Receipts
Do you claim tax deductions when you don’t have a receipt? Claiming with no receipt is becoming a bit risky, because the ATO is more strict now, but in some cases it is okay! Let’s dig into this and try to avoid ATO troubles. Tax deductions are the main way you can improve your tax […]
The Top 5 Forgotten Tax Deductions
Now is a great time to discuss tax deductions – especially those deductions often missed by taxpayers like you. We surveyed our senior accountants and asked them “what are the top 5 forgotten deductions on individual tax returns?” – that is, deductions people can claim, but often forget or don’t know about We’ve compiled the […]
Tax Cuts 2019 – How do they affect your tax refund in 2020?
Tax cuts announced for 2019 mean a lot of Australians get a little boost to their tax refund this year. Like most things at the ATO, it’s complicated. However, the main point is this: You don’t need to do anything.
Can You Still Claim your Handbag or Briefcase as a Tax Deduction?
The short answer is yes you can claim your handbag as a tax deduction. But don’t go shopping just yet! There are some important things to keep in mind. The basic rule for claiming a handbag or briefcase as a tax deduction is that it must be directly connected with producing your income. So what […]
Tax Deductions for Cleaners: Will you clean up at tax time?
Cleaners and cleaning staff can often claim a lot of tax deductions If you’re in the cleaning business and you’re not making the most of these tax deductions for cleaners, then you might lose out on a heap of cash every year. Whatever type of cleaner you are, we understand your job can be tough! […]
Part 1 – 10 Easy Ways to Pay Less Tax
We asked our top tax accountants for the easiest ways to pay less tax to the ATO and keep more money in your wallet. They had a LOT of answers. So we narrowed it down to their top 10. Here’s part one of ‘How to Pay Less tax’. It could help you save big $$$ this year […]
The key to a better tax refund: Easy record keeping
These simple record keeping tricks can put extra money into your tax refund The ATO’s current crackdown on tax deductions means that good record keeping is more important than ever. The ATO has thousands of staff and their job is to collect taxes and catch people who can’t prove their deduction claims. They are […]
Ironing Out Laundry Expenses:
How To Claim Work Uniform Laundry Costs
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 on your tax return for the cost of laundering those uniforms. The way you calculate your laundry expenses will depend on your means of cleaning. We’ve created […]
Tax deductions for office admin staff – How to boost your tax refund
This one is for all the office administrators out there; the unsung heroes of EVERY business. You are the organisers, arrangers, schedulers and geniuses who bring order and process together to make everything happen how it should. Suffice it to say, without you, the office melts into chaos. (You’ve seen your boss stare blankly at […]
Filling the pot: Tax deductions for chefs and cooks
Tax deductions for chefs and cooks are numerous – but do you know what you can claim on your tax return? Look no further, we’ve got you covered. Most of us have a love affair with food, so the fabulous people who create the dishes in our favourite cafes and restaurants inevitably become our absolute […]
Claiming Self-Education Expenses as Tax Deductions
Self-education is essential for our minds, our general sense of well-being and our future employment prospects After all, if we stop learning, we stagnate. Our minds become dull – for us and everyone around us. Another worrying fact is that these days technology, software and workplace processes change so fast that if you don’t keep up […]
