2018 tax return Archives - Advice on Australian Tax Returns & Online Tax Advice on Australian Tax Returns & Online Tax

Tag: 2018 tax return

Posts Tagged ‘2018 tax return’

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

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?

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?

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!

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 »