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, […]
Tax Saving Tips
Tax and Your Budget: Managing Debts | Tax Saving Tips | Budgeting and Saving | Personal Finances | Rental Income
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 and 2021 tax return. The bonus: you could end up with more money in your pocket at […]
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 […]
Work related travel expenses – what can you claim?
Let’s explain how to turn work-related travel expenses into dollars in your pocket at tax time. What exactly is a work-related travel expense? If you travel for work, any purchases you make related to that travel, can likely be claimed as a travel expense on your tax return. As with most work-related expenses, travel expenses […]
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 […]
5 Common Tax Return Mistakes
The most common tax return mistakes are easily detected by the ATO The ATO works hard to find mistakes on tax returns. With more tools and access granted to them every year, it’s getting easier all the time. So, if you think you can get away with a few extra deductions or leaving off your […]
Death and Taxes – What You Need to Do
Any death in the family is a very difficult time for all involved. Apart from the emotional burden, there are also a range of administrative tasks that need to take place after a bereavement. This death and taxes article covers the main steps family members should take to ensure tax obligations are met. Death […]
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 […]
Pay Off Your Credit Card or Invest? What’s the Smartest Move?
Is it best to pay off your credit card straight away? Or do you make more money by investing in a high-interest account or shares? When it comes to simple savings strategies, this should be one of the first questions you ask. And thankfully, we’ve got all the numbers to help you decide. Credit Card […]
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 […]
Part 2 – Easy Ways To Reduce Tax: More Tax Deduction Tips
Here’s part two on the best ways to reduce your taxes! If you’d like to see the first half of the list, click here for part 1. Let’s look at more ideas about how to increase your tax refund this year. 6. Manage the timing of your tax deductible expenses If you know in advance that you’ll […]
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 […]
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 […]
