Do you own a holiday rental property? You could be eligible for valuable holiday rental tax deductions. Holiday rental properties are a common type of investment property in Australia. Although the operating costs of a holiday rental property can be higher than other rentals, rents are higher too. So, when well managed and maintained, the […]
The Etax Blog: Tax Tips
How To Claim The Car Logbook Method (Free Car Logbook Template)
The car logbook method is a good way to track your car expenses and claim them on your tax return (to increase your tax refund). But, you need to keep a car logbook. If you use your car for work purposes, the ATO will let you make a claim on your tax return for some car-related […]
How to Save Tax in Australia: Three Easy Ways to Get a Bigger Tax Refund
When you do your tax return each year, do you get the full tax refund you’re entitled to? Are you looking for a bigger tax refund, but don’t know where to start and don’t want to get in trouble with the ATO? In Australia, millions of people miss legitimate tax deductions. That means people don’t […]
What can teachers claim on tax?
What tax deductions can teachers claim on tax? Like many professionals, teachers often pay for work-related expenses out of their own pockets. In most cases, these expenses turn into valuable tax deductions for teachers come tax time. For a teacher, tax deductions can significantly improve your tax refund – if you know what you’re doing. […]
Can My Friend Do My Tax Return For Me?
Do you have a friend who seems unfazed by doing their taxes? (Wouldn’t that be nice!) You might have wondered, “Can I just get my friend do my taxes for me?” Okay, the basic answer is a firm “no”. There are some important reasons you should not pass your taxes over to a friend. But don’t worry – […]
Tax Deductions for Nurses & Midwives
As a nurse, midwife or health professional, it’s common to purchase work-related items and pay for them yourself. And these out-of-pocket expenses are often valid tax deductions for nurses, and claimable on your next tax return. Below, we’ve covered a range of tax tips and tax deductions all nurses should read to boost your refund. […]
Truck driver tax deductions – What you can and can’t claim
Put your taxes into a higher gear: Claim ALL the truck driver tax deductions you’re entitled to! Spending so much time away from home becomes expensive for truck drivers. Thankfully many of those expenses can be claimed as truck driver tax deductions on your annual tax return. As you would expect, maintenance and repairs of your vehicle as well as running costs […]
Rental Property Tax Deductions – made easy!
Rental property tax deductions can be confusing so we thought we would expel a few myths and clarify a few essentials when it comes to claiming your property expenses. Often, a rental property is expensive to maintain, especially if you have gaps between tenants. However, provided you purchased a solid property in a good or progressive suburb, it generally […]
Tax Deductions for Tradies – Give your refund a boost! (with Infographic)
I’m a tradie. What tax deductions can I claim? People who work in a trade such as builders, plumbers and electricians to name a few, often pay for work-related expenses out of their own pockets. And when you’re working long hours or busy meeting deadlines, it doesn’t leave you much time or energy to think […]
Top 3 Missed Tax Deductions
A great way to increase your annual tax refund is to claim tax deductions. People often ask us what tax deductions people often miss out on, so here is a quick list that might help boost your tax refund this year. Avoid these 3 commonly missed tax deductions… 1. Claim Union and Registration Fees Do […]
2017 Budget for Health Care: Who wins and who loses?
The 2017 Budget was handed down by Treasurer Scott Morrison on Tuesday 09 May, which included the Government’s $10 billion plan for Health Care funding. Most notably, the National Disability Insurance Scheme is being fully funded by taxpayers through a Medicare levy increase. Here’s our wrap-up on winners and losers in the 2017 federal budget for […]
2017 Budget for Students: Winners and Losers
Treasurer Scott Morrison announced the 2017 federal budget on Tuesday night, which included the government’s plans to save $2.8 billion over the next five years by reforming the Higher Education system. Read on for an overview of the changes announced in the 2017 budget for students. How does the 2017 Budget affect students? Higher Education […]
2017 Budget for Housing: Wins and Losses
To tackle housing affordability, particularly for first home buyers, the Government included a range of measures in the 2017 Budget. A new measure focused on housing as well as the property industry in general. One of the biggest changes was the introduction of a new ‘First Home Super Saver Scheme’. This scheme allows individuals to make […]
GST changes may impact your overseas online shopping
The Australian Government is attempting to level the playing field between Australian and overseas retailers with proposed GST changes effective from 1 July 2017. Here’s what you need to know. Australians are increasingly turning to overseas sellers when they shop online to access cheaper prices and a larger variety of goods and speciality items. The government […]
How To Get Your Tax Refund Faster
When you’re expecting a tax refund, waiting is never easy. Instead of just wishing for it to arrive sooner, read on! There’s no way to know exactly how long the ATO will take to process your tax return. Behind the scenes, the ATO examines tax returns more closely than ever, analysing and comparing your return […]
