When you drive for Uber, it’s important to know what your Uber driver tax obligations are. This driver got it right from the start. Here’s how: Judah is a professional person working a professional job. He’s university-educated with a full time job in his chosen career. Judah is also an Uber driver, and he’s doing […]
The Etax Blog: Tax Tips
Airbnb Tax Information: Tax tips for Airbnb hosts
How does Airbnb affect your tax return? Here’s your guide to everything you need to know about Airbnb tax On a non-business level, Airbnb offers a great opportunity to earn some extra cash by renting out that spare room, or a holiday home that would be quiet for much of the year. However, Airbnb hosts […]
What’s A Good Superannuation Strategy For Me?
(With links to superannuation strategy how-to guides from Money Magazine and CANSTAR) Whether you’re in your 20’s now, or almost ready to retire: A good superannuation strategy can make the difference between a comfortable retirement and a financial struggle. The Government continues to make changes to how you receive the aged pension in retirement, therefore, […]
“Instant Tax Refunds” – Read This Before You Sign
At tax time you often see ads for a “same day tax refund” or “instant tax refund”. It might sound appealing to get your tax refund today instead of having to wait… But the truth is, a “same day tax refund” is not really what the name suggests. Can I Get my Tax Refund Today? […]
Gender Pay Gap: Why do women still earn less than men in Australia?
It may be a surprise to some that the gender pay gap still exists. Many of us assume that gender inequality has been overcome in Australia. That might be true in some respects, but unfortunately not where income is concerned. The fact is, on average, women still earn 15.3% less than men – a gap […]
How To Claim Work-Related Calls and Phone Expenses On Your Tax Return
Do you use your own mobile phone for work-related tasks? If you do, you may be able to claim a portion of your mobile phone expenses on your tax return. Keep in mind, if you are claiming your work from home expenses using the 67c method, you cannot claim your mobile phone separately. Instead, by […]
Password Safety Tips:
How To Create Strong Passwords – and Remember Them
The Etax team assembled these tips to help you take control of your passwords and logins (and be safer online). Do you re-use the same password on different websites? That’s a risky thing to do, because if your password is leaked or stolen for just one site, someone might gain access your entire “online life”. […]
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 […]
Is access to money biggest factor for new business startups?
Online chatter about business startups and entrepreneurship usually raises psychology, upbringing and personality traits such as tenacity and risk taking as predictors for an individual’s potential entrepreneurship. Authors and much-quoted business people like Richard Branson preach that business success hinges on passion, following a dream and trying to make a difference.According to the HBR article How Singapore […]
Tax loopholes: Corporations pay less tax than Aussie workers
Should businesses shoulder a fair share of taxes compared with hard-working Australian people? We might see this question discussed more in coming years. Using an international shell-game to move earnings away from the tax man, corporations legally avoid taxes in countries like Australia, even though they earn billions here. Similar tax breaks are simply not […]
Private Health Rebate: How does it impact my Private Health Insurance?
The private health rebate is a percentage of the total premium amount which can be applied as a reduction to your health insurance premiums or it can be applied as a refundable tax offset come tax time. What impacts my private health rebate? Your rebate is calculated based on your living status, age and income […]
How does your superannuation work?
Your superannuation questions answered. Just thinking the word ‘superannuation’ can make your brain spin. There are a lot of rules and limits to keep in mind. So, to answer some of your top superannuation questions, we take a quick look at how your super works. “Are my super contributions tax-deductible?” To learn more about super […]
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 recent 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 […]
How much super do I need for a comfortable retirement?
Everyone has different ideas of how their retirement might ‘look’. How much super will be enough depends on many things, starting with what a ‘comfortable’ retirement looks like to you. You might want to travel or you may want to dine out every week at a fancy new restaurant. It could be that just want […]
Claim Your Dental Expenses as a Tax Deduction
“Can my dental expenses be deducted on my tax return?” Let’s discuss how you can maximise your tax refund by legally claiming your dental treatment costs as a deductible expense. Update: 2013 Budget Changes May Affect Your Ability to Claim: The net medical expenses tax offset was slowly phased out starting in July 2013. Only […]