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Should I Lodge Online or Find A Tax Accountant?

Are you looking for a tax accountant?

Many taxpayers are searching for a tax accountant near their area to lodge their tax returns. However, what would you say if you could lodge right from your bedroom?

Check out these steps on how to easily lodge your tax return online and tax tips on how to choose a tax accountant. Afterward, you can choose which option is right for you.

What about saving time? 

With E-lodge, our tax preparation services provide you with a user-friendly site, with which you can enter all the information. Unlike online tax services who you are paying for the complexity of your return, private accountants charge higher flat fees per the hour you are spending on your tax return.

On top of that, you don’t need to leave your home or can even finish your tax return on your lunch break. Here’s how to lodge your return online with us: Read the rest of this entry »

10 Australian Tax Offsets To Claim in 2016

Want to pay less in tax but don’t know how to? We’ll help you out.

There are a few different elements of your tax return that can contribute to reducing how much you owe. Tax offsets are one of those. Alone, they will not get you a tax refund. However, offsets can decrease your tax payable to zero.

Let’s talk about a few that should do the trick for you.


Do you earn less than $66,667?

The low income tax offset (LITO) could be right for you. Although the tax-free threshold applies to everyone, this offset takes it a step further to help out those earning less than $66,667.

The following rates apply to Australian residents over 18 years old for 2015-2016:

  • If your taxable income is $0-$37,000 then your offset amount will be $445.
  • If your taxable income is between $37,001 and $66,666 then your offset amount will be $445 less 1.5% of excess over $37,000.


Do you have private health insurance?

You may qualify for the private health insurance rebate. After lodging your tax return, the ATO will determine how much of an offset they will grant you. Once this determination is made, you’ll be able to choose whether you would like to receive that amount:

  • via your tax return with the ATO; or
  • via a reduced premium.

This rebate is based on your age and income level. The ATO provides a private health insurance rebate calculator on their website to work out how much of a rebate is available to you.


Do you live in a remote area?

Take a look at the zone tax offset. To be eligible for this offset, you’ll need to have lived or worked in one of the following for at least 183 days:

  • Zone A
  • Zone B
  • Special Area

Read the rest of this entry »

How to Claim the Dependent Spouse Tax Offset 2014

“All good things must come to an end”

All good things must come to an end not only applies to your holiday vacation and favorite TV show, but also to -you guessed it- taxation.

As part of the 2014-15 Australian federal budget, the government is doing away with the dependent spouse tax offset (starting on 1 July, 2014).

The good news is you can still claim the dependent spouse tax offset on your 2014 tax return. In fact, E-Lodge has made claiming offsets and deductions effortless. Read the rest of this entry »

What You’ll Need In Order to Lodge Your Taxes

Knowing exactly what you’ll need to lodge your 2014 tax return will save you a lot of time and hassle.

Feeling overwhelmed is awful. The chaos of a busy day can make your head feel like it’s reached it’s maximum capacity. Luckily, we’ve found a way to reduce the chaos and stress in your life.

We’ve created a tax preparation checklist to make your tax season a little easier.

Checklists are awesome. Here’s why;

  1. Lists help us remember: Instead of keeping everything inside of your head, writing it down will prevent it from being forgotten.
  2. List bring order to chaos: Let’s face it- we are all part of an overstimulated era. Lists help re-focus our attention.
  3. Lists help us save time and even relieve stress: Without a list, we often procrastinate what needs to be done. Writing out a list allows you to plan effectively.

Without a checklist, you’ll waste time running around searching for documents.

Instead, staying organized with a checklist will allow you to have everything you need upon starting to lodge your taxes.

In fact, you won’t even need to write the list yourself. We’ve done the hard work for you and made the list. Feel free to download it, save it, print it or share it with your friends.


Read the rest of this entry »

How To Lodge A Tax Return When You’re Married

If you’re planning to lodge an Australian tax return with your spouse in hopes to lodge jointly, think again.

The Australian tax return does not offer a joint filing status; instead, everyone lodges a tax return on their own.

Just because there’s not an option to lodge jointly with your spouse, you do have to report your spouse’s tax information when filling out your own tax return.

In fact, reporting your spouse’s information will help determine if you qualify for certain tax offsets. Thankfully, E-Lodge helps simplify this process.

Who does the ATO consider to be “a spouse”?

Most considered a spouse to be someone their legally married to. However, in the eyes of the ATO, a spouse falls into a larger category (de facto). According to the ATO, your spouse includes a person (of the same or opposite sex) who:

  • you were in a relationship with that was registered under a prescribed state or territory law

  • although not legally married to you, lived with you on a genuine domestic basis in a relationship as a couple

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Tax Tips: Deductions vs. Offsets

They’re so much alike, yet oh so different on your tax return.

Deduction or offset? These two tax terms tend to get confused but they’re pretty simple to set apart. Let’s take a look at why they’re similar and what actually sets them apart.

What is a tax offset?

Read the rest of this entry »