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 […]
Tax Saving Tips
Tax and Your Budget: Managing Debts | Tax Saving Tips | Budgeting and Saving | Personal Finances | Rental Income
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 in 2019
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 $$$ in 2019. […]
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 getting […]
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. Admins make things happen. 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 […]
Save receipts and deductions to fast track your 2019 tax return
One of the best ways to fast track your next tax refund is simple record keeping. To make things easy for 2019, now you can save your documents and receipts on the go, right into your Etax account! As part of the online tax return upgrades, you can now securely attach all your tax records […]
Hospitality tax deductions – now it’s our turn to look after you!
Who knew you could claim the sunscreen you slathered on during those open air functions last summer? Or the advanced barista course that made you the best coffee artist on the strip? We did – and that’s not all! Hospitality tax deductions put a big chunk of your hard earned cash back in your wallet […]
How to claim tax deductible donations
When you give money to an official 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 achieve goals like helping the […]
Claim your Home Office expenses and increase your tax refund
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, […]
How do I do my tax return?
…and other FAQs about tax! When you find yourself stepping into the world of ‘adulting’ it’s never long before you need to ask THAT question: ‘How do I do my tax return?’ More often than not, the jumble of answers you wade through makes you reach for the ‘Too hard” basket and put it off […]
How Can You Get The Best Tax Refund Possible?
Many Australians miss out on hundreds of dollars each year simply because they forget work-related deductions or receipts for items they can claim back. Do you compare your tax refund to your friends and family and wonder, “How can I get a better tax refund”? Fortunately, there are lots of ways most Australians can improve […]
Want to become a sole trader? 3 steps to make sure you do it right!
Do you want to become a sole trader with long term success AND minimise the business tax you pay each year? If so, you’ve found the right post! If you have a great idea or an original product? Do you have a clear idea about who your customers will be and what they want? Are you prepared to […]
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. Holiday rentals are often managed by an agent or real estate company, for a fee. Although the operating costs can be higher than other rentals, the […]
