The marginal tax rates have been changed for 2019 and is subject to change until 2024. Not only will we be showing you how the tax rates for 2019 changes, but we’ll show you how the future tax rates will look like.
Keep reading for more information.
As you know, the first $18,200 of your income is tax-free. Below, you will find the tax rates for the 2018/2019 financial year. Read the rest of this entry »
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!
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 »
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.
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 »
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.
Below you can see the new fuel tax credit rates. Read the rest of this entry »
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.
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!
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!
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.
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!
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.
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:
So, if it’s not included as income, then you can’t report it. It’s as simple as that!
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.
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