Work expenses for fitness industry employees can really mount up over the year, but we’ve got the answer to trimming them back. It’s time to explore the world of fitness industry tax deductions for all you dedicated beings who tirelessly coax the rest of us into getting off our backsides and along to your boot-camps, […]
Tax Advice
Tax Advice: 2026 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates
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.
Lost your job due to Covid-19? What now?
What do you do if you’ve lost your job? Just a few months ago very few people had ever heard of Coronavirus but now that virus has literally and completely changed the way we live. With so many businesses shut down or reducing hours, thousands of people now face unemployment, or are struggling to make […]
Tax Cuts Announced for 2020-21
Federal Government brings forward tax cuts for the 2020-21 financial year To stimulate a struggling Australian economy, the Australian Federal Government has brought forward Stage 2 of their planned tax cuts and back dated them to 01 July 2020. The cuts originally penned to come into effect July 2022, will now take place in the […]
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 […]
ATO Data Matching – What is it and will it affect me?
You may have heard that ATO data matching technology is now being used in Australia. The ATO launched the system to find missing income from individual tax returns. It’s a new, more sophisticated way to collect more tax from taxpayers who may, either accidentally or deliberately, understate their income. What is ATO Data Matching? ATO […]
Holiday Rental Tax Deductions: The Basics
Do you own a holiday rental property? You could be eligible for valuable holiday rental tax deductions. Holiday rental properties are a common type of investment property in Australia. Although the operating costs of a holiday rental property can be higher than other rentals, rents are higher too. So, when well managed and maintained, the […]
ATO to Share Bank Account Details with Overseas Governments
The ATO will share people’s bank account details with other governments and automatically detect overseas bank accounts to reveal tax evasion In a move aimed to find taxpayers who do not declare income or savings in different countries, the ATO will join tax departments world-wide to share taxpayers’ overseas bank account details. The ATO will […]
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 […]
Claiming Home Office Expenses
The ATO changed how you claim home office expenses moving forward Before we get into the details, don’t stress – at Etax we’ll help get it right for you. Some of the changes to work-from-home claims are complicated, but, Etax will automatically calculate which deduction method gives you the biggest refund, so you don’t have […]
Tax Deductions for Farm Hands: How to maximise your next tax refund!
There are many tax deductions available for farm hands. Make sure you’re not leaving any money on the table this tax time! Farm hands are responsible for a range of manual labour tasks to keep farms in production all year round. These include operating and repairing machinery, ploughing, planting, maintaining and harvesting crops and building […]
Tax Deductions for Engineers and Science Workers: Do you know what can you claim?
Science and Engineering is a highly technical field, which is why we’ve simplified your tax return for you! Read our science and engineer tax deductions guide below to learn what you could claim. Science and Engineering encompasses a wide range of occupations, including the following: If you work in any of those professions, our simple […]
Tax Deductions For Medical Professionals
Medical professionals are responsible for delivering a range of vital services to the general public. They include GPs, pharmacists, orthodontists, psychiatrists and many more. Usually, there are many tax deductions for Medical professionals that can be claimed on their tax returns. Often, they outlay large amounts of their own money on work-related expenses, courses and […]
Tax Deductions for Sales Professionals
Whether you’re a real-estate agent, car sales person or sales rep, working in sales can be a demanding job! There’s always another contract to close or client to follow up. With so many demands for your time, it’s not surprising that we often get questions about tax deductions for sales professionals. They’re unsure what they […]
Actual Cost Method
The Actual Cost Method is one of two methods available to taxpayers to claim their work from home expenses. As opposed to the fixed cost method where you claim 70c per hour worked from home, the actual cost method involves claiming the actual cost you incurred for items like phone, internet and electricity while working […]
