Temporary work at home parents-come-teachers. A few tips for navigating this new landscape. As 2020 dawned, no one in their wildest dreams expected the unprecedented global shift that COVID-19 has brought about. With many of us still trying to grapple with having our lives literally locked down, a significant number of us took our jobs […]
Worried about job security? Up-skill to protect yourself!
Up-skilling to protect your existing job seems tough, but in recent years it’s become the norm across many industries. Plenty of jobs that used to be common just don’t exist anymore. When was the last time you saw a milkman doing the rounds? (Or, have you ever seen a milkman?) The flipside is that change […]
Tax Information for the Coronavirus Pandemic
Countless Australians have been affected by the COVID-19 pandemic. In response, the Australian Government has implemented a series of assistance measures for the purpose of helping those experiencing financial difficulty. Please read our tax guide for the coronavirus pandemic below for assistance. And if you work from home now, don’t forget you can also claim […]
Coronavirus Stimulus for Individuals: Here’s everything you need to know.
In the wake of the COVID-19 pandemic many Australians are currently facing severe financial hardship due to loss of employment or income. Therefore, the Australian Government has responded with two rounds of coronavirus stimulus for individuals. The first announcement on 12 March included a $17.6 billion stimulus package for individuals and businesses. The second announcement, […]
Tax loopholes: Corporations pay less tax than Aussie workers
Should businesses shoulder a fair share of taxes compared with hard-working Australian people? We might see this question discussed more in coming years. Using an international shell-game to move earnings away from the tax man, corporations legally avoid taxes in countries like Australia, even though they earn billions here. Similar tax breaks are simply not […]
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 […]
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 […]
Australians Think the Wealthy Should Pay More Tax
The majority of Australians appear to feel that the wealthy should pay more tax. 60% of respondents in a recent ACTU survey support raising taxes for Australia’s highest income earners. Major findings of a recent ACTU study include: Support for raising taxes for people who earn more than $200,000 per year. Support for cutting taxes for […]
The Etax Accountants blog is here!
Welcome to the newly launched Etax Accountants Blog: Tax Tips for Australians. Our accountants have been hard at work preparing for the beginning of this year’s Tax Season. And, with July 1st only 10 days away, it is with great excitement that we have launched this invaluable resource for all Australian Tax Payers (and anyone […]
Bankers Call for Tax Cuts for Parents
The government’s October tax forum is fast approaching. Industry body, the Australian Bankers Association (ABA) has called for increased tax cuts for parents. Also, the simplification of complex taxes at both a State and Federal level. Help and Tax Cuts for Parents In the ABA’s eyes, the biggest concerns everyday Australians are currently faced with is […]
An Uber Driver’s Tax Case Study: 8 steps to do Uber the right way
When you drive for Uber, it’s important to know what your Uber driver tax obligations are. This driver got it right from the start. Here’s how: Judah is a professional person working a professional job. He’s university-educated with a full time job in his chosen career. Judah is also an Uber driver, and he’s doing […]
ATO tax payer investigation: 10 million taxpayer records under scrutiny
The latest ATO investigation will see the financial records of over 10 million Australian taxpayers go under the microscope. What is the latest ATO Taxpayer investigation looking for? Here are a few highlights in the latest ATO Investigation: How do I avoid an investigation? If you’ve correctly declared all of your income and expenses then you […]
Tax Information for People Affected by Natural Disasters
Natural disasters take an incredible toll emotionally, physically and financially. In times like this, it’s vital to know your entitlements and where you can go for help. If a natural disaster has affected you or a loved one, please read our guide below for assistance. Need more time to lodge, pay or respond to the […]
