Tag: australian tax
E-Lodge
23 October, 2018
Posts Tagged ‘australian tax’
Posted by Manisha Hansraj on 23 October, 2018
Last modified: 23 October, 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 »
Tags: 2017-2018 tax calculator, 2018 tax deadline, ATO, australian tax, Australian tax deductions, lodge now, lodge online, non resident tax, tax deadline, tax deadline 2018, tax free threshold, tax preparation, tax tips, why to lodge
Category: Tax Tips | Blog
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Posted by Manisha Hansraj on 13 September, 2018
Last modified: 15 September, 2018
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 »
Tags: 2017 tax season, 2017-2018 tax calculator, 2018 tax season, ATO, australian tax, Australian tax deductions, centrelink, lodge online, lodge onlne, online tax preparation, payg, payment summary, practitioner, refund, resident for tax purposes, tax accountant, tax free threshold, tax offset, tax preparation, tax return, tax tips, TFN, why to lodge
Category: Tax Tips | Blog
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Posted by Manisha Hansraj on 8 September, 2018
Last modified: 13 September, 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 »
Tags: ATO, australian resident, australian tax, BAS, business activity statement, business tax deductions, domestic electricity, emergency vehicle, emergency vessel, fuel tax credit, goods and services tax, GST, how to lodge, lodge tax return online, register for GST
Category: E-Lodge Australia | Blog, Tax News, Tax Tips | Blog, Tax Updates | Blog
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Posted by Tax Advisor on 20 June, 2018
Last modified: 15 September, 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 »
Tags: 2018 tax return, 2018 tax season, 2018 tax table, ATO, Australian Federal Budget, australian tax, financial year 2017-2018, lodge online, lodge your tax return, tax free threshold, tax preparation, tax tips
Category: Tax Tips | Blog
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Posted by Manisha Hansraj on 2 May, 2018
Last modified: 28 September, 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 »
Tags: 2017/2018 financial year, 2018 tax free threshold, 2018 tax season, 2018 tax table, ATO, australian tax, financial year, financial year 2016-2017, financial year 2017-2018, individual tax rates, lodge, lodge now, lodge online, lodge your tax return, Marginal tax rates, resident for tax purposes, tax free threshold, tax preparation, tax tables
Category: Tax Tips | Blog
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Posted by Manisha Hansraj on 25 April, 2018
Last modified: 28 April, 2018
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 »
Tags: ATO, australian tax, Australian tax deductions, financial year, financial year 2016-2017, goods and services tax, GST, low value goods, tax calculator, tax file number, taxable income, why to lodge
Category: Tax Tips | Blog
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Posted by Manisha Hansraj on 31 January, 2018
Last modified: 7 February, 2018
Everyone enjoys a good hobby.
From photography, scrap-booking, cooking or even horseback riding, each of these hobbies can turn into a business. With that in mind, when it comes time to lodge your tax return, your hobby could possibly be your business. Taxpayers get confused about whether or not they should be reporting their hobby as a business. Of course, you want to avoid being penalised if you’re not declaring income to the ATO, right?
Find out if your hobby is actually a business by reading below!
What is a hobby?
Read the rest of this entry »
Tags: ATO, australian tax, business, company, E-lodge, elodge, financial year 2016-2017, free, hobby, how to lodge, lodge online, lodge tax return online, online tax preparation, partnership, practitioner, refund, sole trader, tax, tax calculator, tax file number, tax preparation, tax return calculator, tax tips, trust, why to lodge
Category: Tax Tips | Blog
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Posted by Tax Advisor on 21 October, 2017
Last modified: 21 October, 2017
Traveling for work? Deduct your accommodation costs!
Are you missing out on your friend’s barbie to travel for work? No doubt, we know that work can be a drag if you have to travel, especially if it isn’t for vacation time. On the other hand, you could enjoy being pampered for a few days and get away from home. Luckily, whether you enjoy traveling for work or not, you can deduct most of your accommodation costs on your tax return if you are responsible for all of your up-front business trip costs.
Let’s take a look if you’re eligible to deduct these expenses and how to do it.
Did your employer issue you a travel allowance?
First, if your employer issues you a travel allowance for accommodations, you need to report it as income on your tax return. In other words, you do not need to declare the allowance on your taxes if:
- The travel allowance is not on your payment summary.
- The allowance is a deductible accommodation cost.
- You can count meal and incidental expenses.
So, if it’s not included as income, then you can’t report it. It’s as simple as that!
Follow this 6 Rule Checklist:
Read the rest of this entry »
Tags: 2017 tax season, accommodation allowances, accommodation expenses, allowances, ATO tables, Australian Federal Budget, australian tax, job specific tax deductions, lodge now, lodge online, tax preparation, tax tips, travel expenses, traveling, traveling for work
Category: Tax Tips | Blog
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Posted by Tax Advisor on 22 September, 2017
Last modified: 30 September, 2017
Tax offsets are coupons from the ATO.
When we go grocery shopping, it makes sense to bring as many coupons as we can to lower how much we pay. Wouldn’t it be great if we could do the same for our taxes? Well, you can! Tax offsets are coupons from the ATO since they help to lower the amount you owe to the ATO. You might be able to qualify for more than one offset. Let us help you lower your tax due and determine which tax offsets are beneficial to you.
How do I qualify for an offset?
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Tags: 2017 tax season, australian tax, Australian tax deductions, Australian tax offsets, Dependent Invalid and Carer Tax Offset, exploration credit tax offset, Low Income Superannuation Tax Offset, low income tax offset, net medical expenses tax offset
Category: Tax Tips | Blog
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Posted by Michelle O'Brien on 22 July, 2016
Last modified: 2 November, 2016
You’re a backpacker. That puts you somewhere between a tourist and a…resident?
Actually, yes. The Australian Tax Office may consider you an Australian resident for tax purposes under certain circumstances. As a backpacker, there are some other things you should know as well that could affect your tax return. We know you’re out and about so let’s not waste time getting down to the most frequently asked questions.
Are you a resident for tax purposes?
This sounds like a trick question. You don’t have a permanent residence here. Your family doesn’t necessarily live here. You left your dog with your mom when you came here. However, when it comes to taxes, residency is based on what you do while you’re touring the country. As a resident, you are able to lodge a tax return and claim tax back. If you are deemed a nonresident, then you are not eligible for a refund.
Generally speaking, the ATO considers you a resident for tax purposes if ANY of the following applies:
- You have always lived in Australia.
- You moved to Australia and live here permanently.
- You have been in Australia for at least six months, and for most of the time, you have been working the same job and living at the same place.
- You have been in Australia for more than half of the financial year, unless your usual home is overseas and you do not intend to live in Australia.
Read the rest of this entry »
Tags: australian resident, australian tax, backpacker, part-year resident, resident for tax purposes
Category: Tax Tips | Blog
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