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 […]
Personal Finances
Tax and Your Budget: Managing Debts | Tax Saving Tips | Budgeting and Saving | Personal Finances | Rental Income
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. […]
How to cut expenses and save more money
Do you want to cut your living expenses or just want to save more money? These tips give you more control over your finances. Giving yourself a regular financial health check each year helps rein in unnecessary spending and reminds you of sometimes forgotten saving habits. And the good news is, you don’t need to […]
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 […]
How to claim tax deductible donations
When you give money to a charity, your gift can be a tax-deductible donation Like many Australians, you might have a charity or cause that’s close to your heart. Tax deductible donations are a great way to give your tax refund a boost while contributing to a worthy cause you care about. It really is […]
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 […]
Loyalty Tax – What is it and how to avoid paying it.
What is Loyalty Tax? Firstly, it’s important to note that Loyalty Tax has absolutely nothing to do with the ATO; it’s a far more underhanded way of extracting money from us. Some of the most well-known and trusted companies in Australia apply a loyalty tax against their longest-term customers. Energy, mobile, broadband, mortgage, savings, credit […]
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 […]
Worried about job security? Up-skill to protect yourself!
Workplace change is nothing new. Plenty of jobs that used to be common just don’t exist anymore. Up-skilling to protect your job you already have seems tough but it’s become the norm across many industries. When was the last time you saw a milkman doing the rounds? (Or, have you ever seen a milkman?) The […]
Three money saving tips to re-ignite your savings
Not feeling the love for your savings account? Try these simple steps to reignite your savings strategy. The trouble is, traditional budgeting can be light on the fun factor. That leaves plenty of us in the dark about where our money goes. In fact, close to nine out of ten Australians are clueless about their […]
Getting Married and Taxes: What you need to know for your next tax return
Marriage is an exciting and joyful time, but when it comes tax and marriage, it’s also a source of confusion amongst taxpayers in Australia. At Etax, prospective newlyweds often ask us about the tax implications of getting married. Often, they want to know whether a joint tax return is needed when their relationship status changes […]
Heading overseas to Work? You need our Australian expat tax guide!
Traveling to work or study overseas is hugely exciting but when it comes to Australian expat tax obligations, there can be a bit of administration and paperwork that comes with the move. Read on to make your transition to working overseas easier! Australian residency and tax All Australian residents are required to lodge tax returns […]
Saving Money: How to save a million dollars (really) – plus how to save money faster
How to be good at saving money It’s a comfort to know you can quickly get your hands on some money if you need it – without resorting to a loan from a bank, family or friends. It’s also a comfort to know you’ll be able to reach goals like buying a home and retiring comfortably. […]
The All-important Shared Finances Conversation
Every couple has ‘the conversation’ about sharing finances. But, as with all money-related matters, it’s rarely a straightforward process. We discuss all of your options below… Shared finances or keeping things separate The ‘traditional’ idea of shared finances involves a couple simply merging all their financial assets. So, you combine both savings accounts and debt […]
Tax Guide for Couples
We wrote this tax guide for couples to help you determine whether you need to include your partner’s information on your next tax return. Read on to learn more about the obligations you have this year… Who the ATO defines as a couple for tax purposes is a common cause of confusion. Once you’re familiar […]
