Waiting for your tax refund is agony, especially when you’ve got plans for the money. Here’s why some Australians get their refunds in as little as seven days while others wait months. How do you get a tax refund faster? So, here’s something most people don’t know: the ATO doesn’t process returns in the order […]
The Etax Blog: Tax Tips
How to save money – 3 money saving tips to ignite your savings
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 to make purchases that just couldn’t be put off any longer. That’s […]
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 […]
Claim Your Dental Expenses as a Tax Deduction
“Can my dental expenses be deducted on my tax return?” The short answer is likely no. Dental expenses were phased out by the ATO in 2014/15. If you have an overdue tax return from prior to 2014 and records of dental expenses you wish to claim, please read on to learn more. For everyone else, […]
Tax Information for the Coronavirus Pandemic
Countless Australians have been affected by the COVID-19 pandemic. In response, the Australian Government has implemented a series of assistance measures for the purpose of helping those experiencing financial difficulty. Please read our tax guide for the coronavirus pandemic below for assistance. And if you work from home now, don’t forget you can also claim […]
COVID Tax Deductions (And Other Changes To Your Return)
It’s no secret that the global COVID-19 pandemic changed many aspects of our lives and now that COVID appears to be here to stay, it’s time to learn what it means for your tax return. If you’re like the millions of other Australians who’ve had their work arrangements change, it’s important you understand how your […]
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 to your entire “online […]
The Medicare Levy Surcharge
What is the Medicare Levy Surcharge? The Medicare Levy Surcharge is a charge that medium and high income earners pay, in addition to the Medicare Levy. It is designed to encourage more Australians to take out private hospital insurance. Like the Medicare Levy, the ‘Surcharge’ helps fund the public health system. When you take out […]
The key to a better tax refund: Easy record keeping
Want to pay less tax and stress less at tax time? It all starts with how you manage your receipts and records through the year. The ATO is cracking down harder than ever on work-related deductions, so keeping clear, up-to-date records isn’t just helpful, it’s essential. Whether you’re a freelancer, side-gigger, or full-time employee, these […]
Low Income Super Tax Offset
If you’re a low-income earner, saving for your retirement can feel daunting. Fortunately, the Australian Government have some programs to help you prepare, including the Low Income Super Tax Offset (LISTO). What does the Low Income Super Tax Offset program offer? The Low Income Super Tax Offset is a government program to help low-income earners […]
Coronavirus Stimulus for Individuals: Here’s everything you need to know.
In the wake of the COVID-19 pandemic many Australians are currently facing severe financial hardship due to loss of employment or income. Therefore, the Australian Government has responded with two rounds of coronavirus stimulus for individuals. The first announcement on 12 March included a $17.6 billion stimulus package for individuals and businesses. The second announcement, […]
How to stay productive and happy under flexible work arrangements
COVID-19 has forced workplaces to adopt flexible work arrangements for staff. The problem is, employees might struggle to remain productive and happy once they’ve made the transition from the familiar structure of the office. Self-discipline is crucial when working at home. If you find it hard to stay on track, you’re going to have to […]
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 […]
Your Tax File Number – Everything you need to know
What is a tax file number? A Tax File Number – sometimes shortened to TFN – is a unique ID number that you get from the government. It’s used for your tax return, benefit payments and superannuation services. You also need it to apply for an Australian Business Number and to complete a bank account […]
Death and Taxes – What You Need to Do
Any death in the family is a very difficult time for all involved. Apart from the emotional burden, there are also a range of administrative tasks that need to take place after a bereavement. This death and taxes article covers the main steps family members should take to ensure tax obligations are met. Death […]
