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Tax Deadline 2018 is 31 October!

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tax deadline 2018

31 October 2018 is on its way.

Australian taxpayers are rushing to lodge their return by the deadline. You may be contemplating if you should hire a local tax accountant to advise you on your taxes since you’re worried if you won’t be able to do it yourself. In that case, be prepared for long waiting times and the possibility of hefty fees.

If you’re looking to lodge your return within the comfort of your own home, read on!

E-Lodge is here to make your experience easier.

Taxes can be a hassle to gather your documents, compute your taxes or even wait in line to be seen by a tax accountant; especially for tax deadline 2018. With E-Lodge, you just need to follow these easy steps to use our simple do-it-yourself online tax preparation site: Read the rest of this entry »

Should I Lodge Online or Find A Tax Accountant?

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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 »

The ATO Announces New Fuel Tax Credit Rates!

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fuel tax credits 2018

 

Great news, fuel tax credit rates have increased this financial year!

For taxpayers who own a business in machinery, plant, equipment and heavy vehicles, you’re most likely dealing with fuel expenses. You can claim the fuel tax credit for those expenses.

The ATO announces new business rates for the fuel acquired from 1 August 2018 to 31 January 2019.

Below you can see the new fuel tax credit rates. Read the rest of this entry »

Use Our 2017-2018 Tax Calculator to Figure Your Refund!

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income tax calculator 2018

Don’t let procrastinating hold you back.

Many Australian taxpayers are still lodging their tax returns, so don’t feel left behind. If you’ve been busy with work or overall hesitant about lodging, we’re here to make it easy for you.

Use our simple 2017-2018 Australian Tax Calculator to know what you’re getting at the end of the tax year.

 

Plug in your numbers and you’re good to go.

To use the E-Lodge Tax Calculator, all you need to do is follow these simple steps: Read the rest of this entry »

Am I Eligible for the Lower Company Tax Rate for 2018?

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company tax rate 2018

 

There are two company tax rates, the full company tax rate and the lower company tax rate.

The full company tax rate is 30% and the lower company tax rate is 27.5%. In general, company tax rates apply to companies, corporate unit trusts, and public trading trusts.

There has been a proposed law (Enterprise Tax Plan Base Rate Entities) to apply the lower corporate tax rate to all corporate entities with no more than 80% base rate entity passive income from 2017–18 to 2023–24.

 

Who is eligible for the lower company tax rate?

First, you need to be classified as a “base rate entity” company. Base rate entities must apply the lower company tax rate for the 2017-18 income year. To be a base rate entity company, you will have to meet the following: Read the rest of this entry »

What is the tax-free threshold for 2018?

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tax-free threshold 2018
The first $18,200 of your yearly income is not subject to tax.

That sounds great, doesn’t it? This is known as the tax-free threshold. However, this only applies if you’re an Australian resident for tax purposes.

You can claim the tax-free threshold to reduce your tax withholding during the year. Find out if you’re eligible by reading on.

Here’s a breakdown of the 2018 tax-free threshold.
Read the rest of this entry »

How to Lodge Your 2018 Tax Return!

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lodge tax return 2018
1 July marks the start of the 2018 tax season!

Keep your eyes on your calendar!  The 2018 tax season runs from 1 July 2018 to 31 October 2018.

However, don’t get this confused with your financial year dates. In other words, you are lodging your 2018 tax return from the statements you received from 1 July 2017 to 30 June 2018.

Read on to find out how you can lodge your tax return, at your convenience.

Here’s what you need.

Read the rest of this entry »

What are the Income Tax Rates for 2018?

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tax rates 2018
What are income tax rates?

With the 2018 tax season approaching on 1 July, many taxpayers are looking for their specific tax rate for the 2017-2018 financial year. Income tax rates 2018 determine how much of your income will be subject to tax.

Read on to find out your tax rate to prepare for the 2018 tax season!

Take a look at these income tax rates for 2018.

Read the rest of this entry »

The GST and Low Value Goods

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What is the GST?

The ATO has announced a new tax law on the goods and services tax (GST) before the 2018 tax season. You may be wondering, what is the GST? The GST is a tax of 10% on most goods, services and other items that companies or other entities sell to Australia. We actually consume most of these goods!

New Tax Law

From 1 July 2018, the GST will affect businesses that sell low-value goods who import to consumers in Australia. Low-value goods have a customs value of A$1,000 or less when the price is under the agreement with the customer. However, any tobacco products or alcoholic beverages do not have the GST tax since they will be charged at the border.

Here’s the breakdown of the changes.

Read the rest of this entry »