2014 taxes Archives - Advice on Australian Tax Returns & Online Tax Advice on Australian Tax Returns & Online Tax

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Posts Tagged ‘2014 taxes’

Can I Use a Tax Calculator to See My 2015 Tax Back?

Searching for a comprehensive tax return calculator to help you figure your tax back? Look no further.

You can use the E-Lodge tax return calculator and get an accurate estimate of your 2014-2015 tax refund.

Other calculators out there will miscalculate your tax situation. They’ll leave you with a refund estimate far from the actual amount.

How To Use the E-Lodge Tax Return Calculator

Only a few steps  are involved to get an estimate of your tax back with the E-Lodge tax calculator.

First enter your:

  • residency status
  • age
  • gross taxable income
  • tax withheld
  • deductible expenses

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Tips For Using Your Tax Refund 2014

The Australian Tax Return Deadline 2014 is 31 October. Lodge today to receive your tax refund 2014.

If you’ve already lodged your Australian tax return, you may have already received your tax refund or you’re waiting for the ATO to deposit it into your account.

If  you still need to lodge, you’ll want to do so as soon as possible. The deadline is 31 October. The sooner you lodge, the sooner you’ll be able to put your refund money to use.

Whether you’ve already lodged your 2013-2014 tax return or still need to do so, it’s best to use your refund wisely. After all, it’s money you’ve worked hard for throughout the financial year.

7 Different Ways To Use Your Refund

Don’t spend your refund money all in one place. Use a portion to invest, another portion to donate and remember to live a little and treat yourself along the way!

Here’s seven ways worth using your tax refund on;

1. Pay Off Debt

If you have credit card or loan debt (or both), then you know first hand that the longer you may off your balance, the more you’ll end up paying in interest. Using your tax refund money to pay off credit card or loan debt means you’ll reduce the total amount of interest incurred.

Even if you can’t pay the entire balance, using your refund money towards a large payment means your usual monthly payments will decrease.

2. Invest

Investing your refund money will benefit you in the long term. Sure, investing the money isn’t as “fun” as splurging on a shopping trip would be but it could be the start of your child’s education fund or a stock investment that could pay off later on.

3. Open a High Interest Savings Account

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What If I Miss the Tax Deadline 2015?

31 October doesn’t only mark the day of scary costumes and lots of candy. It’s also the tax deadline 2015.

The tax deadline 2015 is 31 October. That means, your 2014-2015 tax return is considered late as of 1 November 2015.

It also means some tax services like etax will shut down.

Don’t worry. Even if you can’t make the deadline, you can still prepare your tax return online with E-Lodge.

You may face a ‘failure to lodge on time’ penalty

Not lodging your tax return on time means the ATO could apply a failure to lodge on time penalty.

However, just because you’re lodging late doesn’t necessarily mean you’ll face the ATO penalty. You’ll only face the failure to lodge on time penalty if you fall within one of the three following categories;

  1. you have more than one tax return outstanding
  2. you have a poor lodgement history
  3. you have not complied with a request from the ATO to lodge

In other words, if you’ve avoided lodging past tax returns, you won’t have much of a leg to stand on.  Read the rest of this entry »

Use Our E-Lodge Coupon Code if You Receive Newstart Allowance

Receive the Newstart Allowance? We want to help too.

If you are eligible and currently receive the Newstart Allowance, we have a special discount for you: take $5 off your E-Lodge tax return preparation fees!

Newstart Blog Coupon

We understand that looking for a new job can be tough. We wanted to reward you even further for sticking it out and continuing on your job search.

 

To use your E-Lodge coupon code today and save on your 2015 tax return preparation fee, follow these three steps;

  1. Create an E-Lodge account.
  2. Enter your information into the tax application and select your payment option.
  3. On the Payment Summary Page, enter the coupon code NEWSTART5 and click Submit.

 

Newstart Allowance Eligibility Criteria

The Newstart Allowance is designed for unemployed Australians to receive  payments from the Australian government agency known as Centrelink .

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Do you know the ATO Tax Rates 2014?

The ATO tax rates 2014 remain the same as the 2013 rates

It’s time to lodge your 2014 taxes.

What does that mean exactly? It means you need to report the income you received between 1 July 2013 and 30 June 2014. It also means you might end up receiving a tax refund or paying tax due.

To avoid any surprises, you can get a quick estimate of your 2014 tax refund or tax due with the E-Lodge tax calculator before actually doing your taxes.


Australian Tax Rates 2013-2014

Tax rates and the tax-free threshold are the same as last year. In other words, if the details to your tax return haven’t changed much since you completed your 2013 tax return, then your refund or tax due probably won’t either.

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Use a Tax Refund Calculator to Estimate Your Tax Return

Get an estimate of your 2014-2015 refund with the E-Lodge tax calculator

We know you work hard throughout the financial year.

Chances are, a midst all of your hard work, you may be curious to know what your 2014-2015 tax refund will be.

The good news is that E-Lodge offers an easy-to-use, accurate tax refund calculator.


The E-Lodge tax back calculator is designed with you in mind.  It’s (super) easy-to-use, and you won’t be forced to create an account in order to use it (sites like E-Tax force users to register before even using their tax calculator).

Is it free to use?

Free means free. While using the tax calculator, we won’t ask you for any banking information, we won’t beg you to prepare your tax return with us (although we would love it if you did), and we promise to give you the best estimate possible!

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How To Check Your 2015 Tax Return Progress

After lodging, you can check the progress of your 2015 tax return online!

Sometimes, waiting for a tax refund is worse than preparing the actual tax return. This is especially true for those that have plans on how to spend their tax refund money.

Thanks to the  ATO’s Progress of return enquiry tool, you can check the status of the income tax return you lodged for the immediately previous financial year.

In other words, if you recently lodged your 2014 tax return, you’ll be able to see it’s progress.

Instead of waiting on the phone to speak with a live representative, you can get a quick update on the status of your return online 24 hours a day, seven days a week after lodging your taxes.  Not only that, but E-Lodge also offers it’s users their own status page, allowing them to view the exact date the ATO accepted their tax return.

What can I view on the ATO’s Progress of Return Tool?

The ATO’s Progress tool allows you to check the progress and status of the following;

  • original and amended tax returns lodged for the current year
  • original and amended tax returns lodged for prior financial years

That means not only can you check the progress of your current year return, you can also see your lodgement history. Keep in mind, the tool is only for individual tax returns. You won’t be able to view the progress of companies, trusts of partnerships with it. Read the rest of this entry »

Why Customers Select E-Lodge To Prepare their Tax Returns

It’s time to lodge your 2015 tax return. Before starting your tax return 2015, you should first ask yourself one question…

Ask yourself; “Do I really want to do my taxes with the same tax service I used last year?”

Here’s 5 reasons why countless customers believe E-Lodge is the better choice…

1. We’ll show you how easy doing your taxes online can be.

Doing your taxes doesn’t have to be frustrating. Instead, we make it effortless.

In fact, 2014 tax return customers found E-Lodge easier to use than any other tax service out there. Here’s what they had to say;

“Very easy to use. Last year I tried to lodge my taxes using the program “e-tax” and gave up. With E-Lodge it’s simple!” 

No matter what your age, you’ll find that it’s easier with E-Lodge; 

“I am a 70 year old who has just retired and find this system great and easy to deal with. Would recommend to anyone. With E-Lodge there is always someone to help if you have a hiccup”

 

2. You’ll have your tax return done within 15 minutes on E-Lodge!

If you’re a first time E-Lodge customer, you might find it shocking how quickly you can complete your tax return 2015. If you’re a returning E-Lodge customer, you’ll  also be delighted to see a new feature which auto-fills your prior year account information.

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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 »

Save $5 on Your 2014 Taxes With an E-Lodge Coupon

Hey there Australian Taxpayers, here’s how to save $5 this tax season!

Tax season is here. What’s better than completing your tax return within minutes?

Completing your tax return within minutes while saving money! After all, time and money are your most valuable assets.

Here’s a $5 coupon to use towards your 2014 tax return;

E-Lodge Coupon Code= ELODGEBLOG14

You deserve it. In fact, you can take advantage of the coupon and lodge your 2014 tax return today with E-Lodge!

How to use the E-Lodge coupon and save $5 on your 2014 tax return 

What good is a coupon if you don’t know how to use it? You’ll need to enter your coupon code on your E-Lodge account in order to save yourself the $5.

To do so follow these three steps;

  1. Create a 2013-2014 E-Lodge account
  2. Enter your information into the tax application and select your payment options
  3. On the Payment Summary Page, enter the coupon code ELODGEBLOG14 and click “Submit”

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