Struggling to grow your savings account? With so many increases in the cost of living, many of us are feeling the pinch in our savings accounts. We regularly hear of people actually having to dip into their savings to make ends meet, or make purchases that just couldn’t be put off any longer. That’s a […]
The Etax Blog: Tax Tips
Exploring the FIRE Movement: A journey to financial freedom in Australia
What if you could retire at 40 instead of 67? Thousands of Australians are doing exactly that through the Financial Independence Retire Early (FIRE) movement. The FIRE movement (Financial Independence, Retire Early) is reshaping how Australians think about work, money, and lifestyle. It’s not just about escaping the 9-to-5 grind, it’s about gaining control over […]
Division 293 Tax
What is Division 293 Tax? Division 293 tax is an additional tax on concessional superannuation contributions for high-income earners in Australia. Its purpose is to reduce the tax advantage that wealthier individuals receive on their super contributions, making the system more equitable. Who It Applies To You may be subject to Division 293 tax if […]
ATO Audits are Now More Accurate at Finding Tax Cheats
ATO Audits are conducted when ATO systems detect signs that someone is cheating on their taxes. The Australian Tax Office (ATO) now uses more advanced computers and IT to detect suspicious claims and fraudulent tax returns. Wrong or missing information on your return can, at best, lead to delays in your refund. However, it’s not […]
Working Two Jobs in Australia: What You Need to Know
As living costs rise, many Australians are working two jobs (or multiple jobs!) to make ends meet. According to the Bureau of Statistics, 6.5% of the Australian workforce held multiple jobs in March 2025. While working two jobs can boost your income, it’s important to understand how this affects your taxes at the end of […]
The $1000 Instant Tax Deduction: What It Means for You
A new $1000 Instant Tax Deduction is coming next year. Here’s the short version: In the lead-up to the April 2025 federal election, the Government announced a “$1000 instant tax deduction”. They label this as “Tax reform for easier, faster, better tax returns”. They claim it will provide cost-of-living relief and make it easier and […]
Stage 3 Tax Cuts explained – what do they mean for you?
Stage 3 Tax Cuts in a snapshot Stage 3 tax cuts were adjusted from 1 July 2024, aiming to give a bit of a tax break to lower and middle income earners, compared to earlier tax changes that favoured workers already enjoying the biggest salaries. Compared to the original tax cuts, the new changes help […]
Want to raise little entrepreneurs? Start by teaching kids about money
Teaching kids about money early is one of the most valuable life lessons you can give them. If you’re planning on raising money smart kids, you need to start early (even with preschoolers). In fact, the earlier the better. Your child’s understanding and attitude towards money can affect them throughout their life. If they learn […]
How To Get Your Tax Refund Faster
When you’re expecting a tax refund, waiting is never easy. Instead of just wishing it will arrive sooner, read on! There’s no way to know exactly how long the ATO will take to process your tax return. Behind the scenes, the ATO examines tax returns more closely than ever, analysing and comparing your return to […]
myGov vs Etax vs tax agent office
“What’s the best way to do my tax return?” Let’s compare myGov, Etax and other tax return options: What’s the best one for you? The ATO advertises a tax system called myTax, which is inside the myGov website – and it’s one way to lodge your tax return. As a taxpayer, it is hard for […]
How To Do Your Best Tax Return and Boost Your Refund
Many Australians lose hundreds of dollars each year – simply because they forget about work-related deductions and the receipts for items they can claim. Do you compare your tax refund to your friends and family and wonder, “How can I get a better refund”? There are many ways Australians can improve their tax refund. Unfortunately, […]
APRA Super-fund or a Self-Managed Super Fund?
Choosing the Right Super Option for Your Unique Needs Self-managed super funds (SMSFs) are growing in popularity and more Australians are using them to build their retirement funds. What are SMSFs, and most importantly, are they worth it? Below we compare the two most popular options, self-managed and APRA-regulated funds. Definitions What is a Self-Managed […]
Australian Superannuation Guide
Everything you need to know about superannuation, from the basics of how funds work, extra payments, tax deductions & keeping them on track.
Claiming Work From Home Tax Deductions
If you’re an employee who works from home, you’re probably using things like your phone, internet, and electricity. These are considered work from home tax deductions that you could potentially claim on your tax return.
Work related car expenses: what can I claim on my tax return?
The ATO has rules for how to calculate car deductions. Find out how new car deduction rules may affect you (and your tax refund).
