When you give money to a 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 work toward important goals like helping the […]
The Etax Blog: Tax Tips
5 Smart Ways to Use Your Tax Refund This Year
This year, before you race off to the shops to spend your tax refund, consider your tax refund could have the biggest impact on your life and your finances. At Etax we hear from lots of Australians (and tax accountants) about the ways they plan to spend their tax refund. Let’s look at some of […]
Saving Money: How to save a million dollars (really) – plus how to save money faster
How to be good at saving money It’s a comfort to know you can quickly get your hands on some money if you need it – without resorting to a loan from a bank, family or friends. It’s also a comfort to know you’ll be able to reach goals like buying a home and retiring comfortably. […]
Claiming Tax Deductions Without Receipts
Do you claim tax deductions when you don’t have a receipt? Claiming with no receipt is becoming a bit risky, because the ATO is more strict now, but in some cases it is okay! Let’s dig into this and try to avoid ATO troubles. Tax deductions are the main way you can improve your tax […]
PAYG Summary:
“I Didn’t Get a PAYG This Year”
A lot of people are saying they didn’t get a PAYG summary. They are wondering what to do. Let’s clear this up, quick. Do I need a PAYG to do my tax return? No, you don’t need a PAYG summary to do your taxes with a tax agent (like most people do, including at Etax). If […]
Etax Made Your Tax Return Even Easier for 2019
We listen very carefully to what you have to say about your tax return. When you send a suggestion, Etax gets to work on it. In response to feedback from customers, our team made big changes to your tax return at Etax. They completely re-designed the tax deductions and help sections and made the tax return easier overall. They also added […]
The Top 5 Forgotten Tax Deductions
Now is a great time to discuss tax deductions – especially those deductions often missed by taxpayers like you. 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 […]
5 Common Tax Return Mistakes
Mistakes on your tax return could lead you into a bunch of trouble and can even cause unpleasant ATO debts and payments. Every year, the ATO works harder to find “problems” in your tax return. You can avoid that trouble, and we’ll cover several important ways to do that, down below. The most common tax […]
Tax Cut 2019 – Will You Get a Bigger Tax Refund?
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.
Individual Tax Deadline – October 31st
The October 31st deadline for lodging Individual Tax Returns is approaching – but don’t panic! Let’s cover what you need to do to ensure you don’t miss the individual tax deadline or receive an ATO penalty. To lodge your 2019 tax return, follow these easy steps: Find your 2018-2019 PAYG summaries or Income Statements, from […]
What is STP or Single Touch Payroll?
It may be worth dusting off last year’s PAYG summary. It is about to become a collector’s item. Single Touch Payroll is with us, and it’s changing the way your wage or salary is recorded. If your workplace has 20 or more staff, the boss should have started using Single Touch Payroll (STP) last July. […]
How To Get Your Tax Bonus Right Now
A new tax bonus announced in 2019 means millions of Australians get extra money in their tax refund this year. Will you get a tax bonus? How much money does it add to your tax refund? First of all, here’s some good news about the tax bonus:
Can I lodge a tax return with no Income Statement?
This year, as part of the new STP payroll system roll out, 9 million people didn’t receive a PAYG or Payment Summary at the end of the financial year. Instead, HR departments advised employees to get an Income Statement from the ATO. With less than 1/3 of us ever wanting to go anywhere near the […]
Tax Deductions for Medical Professionals
Medical professionals are responsible for delivering a range of vital services to the general public. They include GPs, pharmacists, orthodontists, psychiatrists and many more. Usually, there are many tax deductions for Medical professionals that can be claimed on their tax returns. Often, they outlay large amounts of their own money on work-related expenses, courses and […]
Your Personal Guide to Trainee and Apprentice Tax Deductions!
Whether you’re an apprentice or trainee carpenter, electrician, mechanic, plumber, bricklayer or painter (just to name a few), we have all the apprentice tax deductions covered for you in this guide! Starting out in a trade or traineeship involves long hours spent learning the ropes in your chosen field. It’s a common misconception that apprentices […]
