Around eight out of every ten Australians who lodge a tax return get a refund. But for some of us, the refund that we get isn’t quite as big as we expect. “Why has my tax refund gone down?” is a common question our clients ask. So in this post we cover off the most […]
The Etax Blog: Tax Tips
The Most Surprising Tax Deductions You Could Claim On Your Tax Return
Can you claim an Xbox? A dog? A sword? It’s possible, but not for everyone. Here’s some surprising tax deductions you could claim and the rules that let you do that without getting in trouble. Tax deductions lower the amount of tax you pay by reducing your assessable income. There are plenty of rules about […]
The First Home Super Saver Scheme (FHSSS): your guide to buying your first home sooner
If you’re someone who’s been saving for a first home deposit, then there’s one scheme you should know about. It’s called the First Home Super Saver Scheme (FHSSS). The point of the scheme is to help people of all ages get into their first homes sooner. It was introduced by the Australian Government in the […]
New to Australia? Here’s your quick guide to tax in Australia
If you’re new to Australia, it won’t be long before you need to know your obligations regarding tax in Australia. Once you’ve been awestruck by the landscape, the animals, the colourful language and the completely different meaning for ‘thong’ than you’re used to, it’s usually time to think about recuperating some money and start work! […]
Get up to speed: Fitness industry tax deductions
Work expenses for fitness industry employees, can really mount up over the year but we’ve got the answer to trimming them back. It’s time to explore the world of fitness industry tax deductions for all you dedicated beings who tirelessly coax the rest of us into getting off our backsides and along to your boot-camps, […]
Tax Time Procrastination: Are you putting off your tax return?
Procrastinating about taxes is a yearly problem for many Australians. That has a bunch of down-sides including, thoughts about “taxes” dancing in the back of our minds, for most of the year. Stressful! And really, unnecessary. With the tax deadline looming (31 October), the window for putting off your tax return is closing in. At […]
Tax Deductions for Cleaners: Will you clean up at tax time?
Cleaners and cleaning staff can often claim a lot of tax deductions If you’re in the cleaning business and you’re not making the most of these tax deductions for cleaners, then you might lose out on a heap of cash every year. Whatever type of cleaner you are, we understand your job can be tough! […]
How long does it take to get my tax refund?
OK, so your tax return is finished and we’ve lodged it with the ATO for you. Now you’re wondering how long it will take until you receive your hard-earned tax refund, right? While patiently waiting for your tax refund is often frustrating, chances are it’s on its way. However, it is important to bear in […]
Medicare Levy vs Medicare Levy Surcharge – What’s the Difference and Do They Affect Me?
There are two very similarly named taxes that can affect how much you pay the tax man each year. The first is the Medicare Levy and the second is the Medicare Levy Surcharge. The Medicare Levy Surcharge The Medicare Levy Surcharge (MLS) is a Federal Government tax that helps pay for the public health system. […]
Pay Off Your Credit Card or Invest? What’s the Smartest Move?
Is it best to pay off your credit card straight away? Or do you make more money by investing in a high-interest account or shares? When it comes to simple savings strategies, this should be one of the first questions you ask. And thankfully, we’ve got all the numbers to help you decide. Credit Card […]
$2,025 in Unpaid Super Every Year – Here’s What You Can Do About It
Would it bother you if your weekly or fortnightly pay was consistently 10% short? Once you noticed, would you do something about it? If you’re like most Australians, the answer would be a resounding “Yes!”. Here’s the scary part: this is exactly what is happening to as many as one in three Australians. So, what’s […]
Part 1 – 10 Easy Ways to Pay Less Tax in 2018
We asked our top tax accountants for the easiest ways to pay less tax to the ATO and keep more money in your wallet. They had a LOT of answers. So we narrowed it down to their top 10. Here’s part one of ‘How to Pay Less tax’. It could help you save big $$$ in 2018. […]
Part 2 – Easy Ways To Reduce Tax: More Tax Deduction Tips
Here’s part two on the best ways to reduce your taxes! If you’d like to see the first half of the list, click here for part 1. Let’s look at more ideas about how to increase your tax refund this year. 6. Manage the timing of your tax deductible expenses If you know in advance that you’ll […]
The key to a better tax refund: Easy record keeping
These simple record keeping tricks can put extra money into your tax refund The ATO’s 2018 crackdown on tax deductions means that good record keeping is more important than ever. The ATO has thousands of staff and their job is to collect taxes and catch people who can’t prove their deduction claims. They are getting […]
2018 Budget Tax Cuts – How Do They Affect You?
Now that the 2018 budget media frenzy has died down, most of us just want to know: how do the new tax cuts affect me? We’ve put together an easy reference list of budget changes, tailored to you. A handy personal income tax refund boost An effective tax cut for millions of Australian is the biggest […]
