Uni students can sometimes claim great tax deductions during their degrees and qualifications if they meet certain criteria. In this post we’ll discuss tax deductions for uni students – and outline some expenses you are not allowed to claim. It’s worth noting straight away that in order to claim any kind of tax deduction, you […]
The Etax Blog: Tax Tips
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.
How To Claim Tax Deductions Without Receipts
Claiming expenses without a receipt can be risky because the ATO is watching for false claims. But in some cases it’s okay to claim tax deductions without receipts! Let’s dig into this to ensure you maximise your refund AND avoid ATO troubles.
What is the maximum ATO late lodgement penalty?
The maximum fine handed out by the Australian Taxation Office (ATO) for not lodging your tax return by the 31 October deadline is $1,650! Fines can start at $330 for being just one day overdue, then increase over time, as follows: Days overdue Total fine amount 1 – 28 days $330 29 – 56 days […]
Manage your receipts and boost your tax refund!
When it comes to tax time, do you ever find yourself searching all over the place for deduction receipts from months earlier? You are not alone! A study conducted by the Commonwealth Bank found that lost receipts are costing one in two Australians an average $1000 in tax rebates every year. Can you afford to […]
Generation Y could be losing thousands in tax refunds!
A new Bankwest survey found that many of Australia’s tech-savvy Gen Ys could be missing out on higher tax refunds from the ATO. The report found that 53% of Gen Ys submit their own return in the hope of saving themselves the Accountant fees. The Bankwest report says that while the younger generation feel more […]
Claiming the tax free threshold: What you should know…
What is the tax free threshold? The tax free threshold is the amount of income you can earn each year before you have to start paying tax. In Australia, the first $18,200 you earn between 1 July and 30 June is tax-free, regardless of which employer you earned it from. NOTE: The ATO’s definition of […]
The Top 5 Forgotten Tax Deductions
Now is a great time to discuss tax deductions – especially the ones too many people miss out on We surveyed our senior accountants and asked them: What are the top 5 forgotten deductions on individual tax returns? – that is, deductions people can claim, but often forget or don’t know about. We’ve compiled the […]
Etax Fees: How much does a tax return cost at Etax.com.au?
Here’s everything you need to know about the low Etax fees and why Etax.com.au is Australia’s favourite online tax agent. Why is there a tax agent fee to use the online tax return at Etax? Etax is a registered Australian tax agent that offers you: Etax is like visiting an old-fashioned tax accountant – but quicker […]
Share Economy Tax in Australia: What You Need to Know
Recent estimates suggest up to one in five Australians earn money through the share economy. They might drive for a ride sharing service, (e.g. Uber) rent out a spare room (e.g. Airbnb), deliver food, (e.g. DoorDash), complete odd jobs (e.g. Airtasker) or even provide professional services (e.g. Upwork). What is the sharing economy? The sharing […]
DoorDash tax in Australia: A complete guide for DoorDash Dashers
DoorDash connects Australians with local restaurants, cafes, and grocery stores — with delivery handled by independent contractors known as ‘Dashers’. This guide covers everything you need to know about tax as a DoorDash Dasher in Australia. 1. Do Dashers need an ABN? Yes. As a DoorDash Dasher, you must have an ABN, as DoorDash pays […]
Private Health and Your Taxes: “Should I get Private Health Cover?”
There is a lot of debate in the media about the pros and cons of private health insurance. People are often asking, “Should I get private health cover?” Opinions about private health cover are changing. Saving money when it comes to tax time is an important part of the decision. According to Australian consumer watchdog, Choice, cheaper […]
Generation Y: The first generation to be poorer than their parents?
Parents from every place, in every era, share something important: We all want our children’s lives to be better, happier and more prosperous than anyone’s before. Could the opposite become reality for Australians? Baby Boomers may well be the first generation seen as wealthier than their children. That’s one of the conclusions drawn from a […]
Simple Ways to Improve Your Tax Refund
Here’s the most common question people ask us every year: “How can I get a bigger refund and pay less tax?” Getting a bigger tax refund isn’t about finding loopholes. With a little organisation and the right help, it’s about knowing what you’re already entitled to claim. These four simple tips will help you make […]
“Instant Tax Refunds” in Australia: What They Really Cost (And Why to Avoid Them)
At tax time you often see ads for a “same day tax refund” or “instant tax refund”. The promise of cash today sounds appealing, but the reality is far less attractive. The truth is, a “same day tax refund” is not really what the name suggests. Can I Get my Tax Refund Today? No – […]
