Marriage is an exciting and joyful time, but when it comes tax and your spouse, 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 […]
Your Tax and Finances
Your Tax and Finances: Money Tips | Budget and Savings | Superannuation | Rental Income
Sun Protection Tax Deductions: Are you covered?
There are many professions that require employees to work in the sun for periods of time. With sun exposure one of the key causes of cancer in Australia, sun protection is an absolute necessity for these people. However, sunglasses, sunscreen and protective head gear can end up costing a lot of money. So what can you do? If you’re […]
Work Uniform Expenses: The tax deductions you can and can’t claim
Save money by claiming your work uniform expenses on your tax return There are many types of jobs that require you to wear a uniform and/or protective clothing. Many organisations don’t provide these, or at best offer them at a discounted price to their employees. Work uniform expenses soon mount up, especially when they are […]
How to Claim Personal Super Contributions Tax
Invest in your future by adding money to your superannuation AND score some savings at tax time. Sounds great, right? Let’s cover how to claim your personal super contribution tax on your next return. Most Australians know that super is money for retirement. What’s less well known is: What is Super Contributions Tax? A personal […]
27 Valuable Investment Property Tax Deductions
By including rental property expenses on your tax return you access an incredible range of possible tax deductions that boost your tax refund and leave more rental income in your pocket. It’s important to stay on top of your investment property taxes and claim deductions correctly to maximise your tax refund (without getting into hot […]
How to claim tax deductible donations
When you give money to a charity, your gift is often 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 […]
Capital gains tax: Does it apply to you?
What is capital gains tax? Capital gains tax (CGT) is the tax you pay on profits you make from the sale of a capital asset such as real estate or shares. A capital gain is when you sell a capital asset for more than you originally paid for it. You are required to pay tax on […]
Overseas Forces Tax Exemptions – Do They Apply To Me?
Are you a member of the Australian Defence Force who served overseas during the past tax year? If your deployment meets certain criteria you may qualify for one of the overseas forces tax exemptions on your income. In this post we’ll discuss the two overseas forces tax exemptions available to overseas forces and how to work […]
Top 3 Missed Tax Deductions
A great way to increase your annual tax refund is to claim tax deductions. People often ask us what tax deductions people often miss out on, so here is a quick list that might help boost your tax refund this year. Avoid these 3 commonly missed tax deductions… 1. Claim Union and Registration Fees Do […]
Tax Guide For Couples: How does having a spouse affect your taxes?
This tax guide for couples helps you determine whether you need to include your partner’s information on your next tax return. Read on to learn what you should tell the ATO this year… Who the ATO defines as a spouse for tax purposes is a common cause of confusion. Once you’re familiar with the definitions, […]
Claiming laptop on tax – what you need to know…
Many of us work after hours at home or spend a portion of our week working from home. Quite often you might use our own equipment for this, especially if you don’t have a work laptop or removing it from the office poses a security risk. If this is this case for you, it’s likely you […]
Rental Property Tax Deductions – made easy!
Rental property tax deductions can be confusing so we thought we would expel a few myths and clarify a few essentials when it comes to claiming your property expenses. Often, a rental property is expensive to maintain, especially if you have gaps between tenants. However, provided you purchased a solid property in a good or progressive suburb, it generally […]
What is negative gearing and is it the right strategy for you?
Put simply, negative gearing occurs when an investor borrows money to buy a property, and the cost of owning and running that property exceeds the rental income it generates. As an investor of a negatively geared property, you make up the gap between the expenses on the property and the rental income. This isn’t always […]
Overseas HELP Debt – What is it?
The ATO implemented formal changes to how they recover “overseas HELP debt”. So, if you have lived overseas for more than 6 months and have a HELP debt, you may need to make HELP repayments How does the ATO recover HELP debts? Prior to 2017, Australians with a HELP or TSL debt did not have […]
Reportable Superannuation Contributions – what you should know…
Superannuation is important when planning for your future. There are so many types of super contributions and payments, that it’s sometimes confusing and hard to know what each of them are. One part that people often don’t understand is reportable superannuation contributions. Let’s take a look at what you should know… What are reportable superannuation […]
