Not feeling the love for 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 make purchases that just couldn’t be put off any longer. […]
2024 Tax Return
Tax Advice: 2024 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates
Unpaid Internships: The Experience Problem
If you’re studying or looking to change careers, you’ve probably encountered the ‘experience paradox’. Most job ads prefer that you have previous experience in the industry, but you can’t get that experience without a job in the first place. Enter: unpaid internships. They can give you the experience you need to flesh out your resume […]
Getting Married and Taxes: What you need to know for your next tax return
Marriage is an exciting and joyful time, but when it comes tax and your spouse, it’s also a source of confusion amongst taxpayers in Australia. At Etax, prospective newlyweds often ask us about the tax implications of getting married. Often, they want to know whether a joint tax return is needed when their relationship status […]
Heading overseas to Work? You need our Australian expat tax guide!
Traveling to work or study overseas is hugely exciting but when it comes to Australian expat tax obligations, there can be a bit of administration and paperwork that comes with the move. Read on to make your transition to working overseas easier! Australian residency and tax All Australian residents are required to lodge tax returns […]
APRA Super-fund or a Self-Manged Super Fund?
Choosing the Right Super Option for Your Unique Needs Self-managed super funds (SMSFs) are growing in popularity and more Australians are using them to build their retirement funds. But what are SMSFs and, most importantly, are they worth it? We provide you a comparison between the two most popular options, self-managed and APRA-regulated funds, to […]
How To Claim Tax Deductions Without Receipts
What deductions can I claim 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. Tax deductions are the best way […]
PAYG Payment Summary: “I Didn’t Get a PAYG This Year”
A lot of people are saying they didn’t get a PAYG summary/group certificate and are wondering what to do about it. Let’s clear this up… Do I need a PAYG to do my tax return? No, you don’t need a PAYG summary/group certificate if, like most Australians, you do your tax return with a tax agent […]
We’ve Made Your Tax Return Even Easier
Here at Etax, we know you have better things to do than your taxes, so we want to help you get them done FAST! We listened to your feedback – and we’ve given you just that – a way to do our tax return even faster! Use the ‘Any Other Questions’ section in our tax […]
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 […]
5 Common Tax Return Mistakes
The most common tax return mistakes are easily detected by the ATO The ATO works hard to find mistakes on tax returns. With more tools and access granted to them every year, it’s getting easier all the time. So, if you think you can get away with a few extra deductions or leaving off your […]
Tax Cuts 2019 – How do they affect your tax refund in 2020?
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.
What is STP or Single Touch Payroll?
What is Single Touch Payroll? Single Touch Payroll (STP) makes payroll reporting far easier for employers. Instead of juggling a raft of paperwork, your boss reports payroll details including super payments, to the Australian Tax Office (ATO) on or before each pay day. New payroll software now looks after that. Each time your pay is […]
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?
As part of the recent STP payroll system roll out, we no longer receive a PAYG or Payment Summary at the end of the financial year. Instead, HR departments advise employees to get an Income Statement from the ATO. With less than 1/3 of us ever wanting to go anywhere near the ATO’s confusing websites, […]
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 […]
