Do you use your own mobile phone for work-related tasks? If you do, you may be able to claim a portion of your mobile phone expenses on your tax return. Keep in mind, if you are claiming your work from home expenses using the 67c method, you cannot claim your mobile phone separately. Instead, by […]
Tax Advice
Tax Advice: 2024 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates
Password Safety Tips:
How To Create Strong Passwords – and Remember Them
The Etax team assembled these tips to help you take control of your passwords and logins (and be safer online). Do you re-use the same password on different websites? That’s a risky thing to do, because if your password is leaked or stolen for just one site, someone might gain access to your entire “online […]
Private Health Rebate: How does it impact my Private Health Insurance?
The private health rebate is a percentage of the total premium amount which can be applied as a reduction to your health insurance premiums or it can be applied as a refundable tax offset come tax time. What impacts my private health rebate? Your rebate is calculated based on your living status, age and income […]
Manage your receipts and boost your tax refund!
When it comes to tax time, do you ever find yourself searching all over the place for deduction receipts from months earlier? You are not alone! A recent study conducted by the Commonwealth Bank found that lost receipts are costing one in two Australians an average $1000 in tax rebates every year. Can you afford […]
Claim Your Dental Expenses as a Tax Deduction
“Can my dental expenses be deducted on my tax return?” Let’s discuss how you can maximise your tax refund by legally claiming your dental treatment costs as a deductible expense. Update: 2013 Budget Changes May Affect Your Ability to Claim: The net medical expenses tax offset was slowly phased out starting in July 2013. Only […]
Work-Related Car Expenses:
Can I Claim My Car Expenses Without a Logbook?
Important Note: This method of claiming car costs as a tax deduction was discontinued by the ATO as of the financial year 2015-16. Late tax returns lodged for 2015 and earlier tax years are still able to use this method. Have you used your car for work this year, but forgot car expenses to keep […]
How to check your HELP debt balance
Your HELP debt often seems like a heavy weight around your neck, especially when your uni days seem like a lifetime ago and you’re keen to take your next step in life. You keep throwing money at it but unless you’re an avid spreadsheet Ninja, like Mandy in our accounts department, you often have no […]
27 Valuable Investment Property Tax Deductions
By including rental property expenses on your tax return you access an incredible range of possible tax deductions that boost your tax refund and leave more rental income in your pocket. It’s important to stay on top of your investment property taxes and claim deductions correctly to maximise your tax refund (without getting into hot […]
Work Uniform Expenses: The tax deductions you can and can’t claim
Save money by claiming your work uniform expenses on your tax return There are many types of jobs that require you to wear a uniform and/or protective clothing. Many organisations don’t provide these, or at best offer them at a discounted price to their employees. Work uniform expenses soon mount up, especially when they are […]
Motor Vehicle Data Matching in Full Swing at ATO
In its crusade against what they call the cash economy’, the ATO has announced plans to collect the details of all individuals and businesses that have purchased or acquired a vehicle where the transfer and/or market value is $10,000 or greater in the 2011-12 and 2012-13 financial year. This involves computerised “motor vehicle data matching” […]
Generation Y could be losing thousands in tax refunds!
A new Bankwest survey found that many of Australia’s tech-savvy Gen Ys could be missing out on higher tax refunds from the ATO. The report found that 53% of Gen Ys submit their own return in the hope of saving themselves the Accountant fees. The Bankwest report says that while the younger generation feel more […]
ATO Audits are Now More Accurate at Finding Tax Cheats
ATO Audits are conducted when ATO systems detect signs that someone is cheating on their taxes. The Australian Tax Office (ATO) now uses more advanced computers to detect suspicious claims and fraudulent tax returns. Computer modeling finds tax cheats and triggers ATO audits A series of 20 computer models run on every tax return, with […]
