The Australian Taxation Office (ATO) has introduced a new way to claim tax deductions for working from home in the wake of the COVID-19 pandemic. As such, there are now three methods you can use to calculate home office expenses: The newly introduced COVID-19 rate of 80 cents per hour, which is only available from […]
Do you want tips to maximise your 2020 tax refund? With these simple tips, you can minimise the stress associated with doing your taxes while maximising the amount that you receive back. Keep Accurate Records One of the biggest mistakes people make when it comes to their taxes is not keeping detailed and accurate tax […]
Wondering which expenses will the ATO target in 2020 tax returns? As tax time for the 2019-2020 financial year creeps closer and approximately 14 million Australians prepare to lodge their tax return, there are certain expenses that the Australian Taxation Office (ATO) will be targeting to ensure that people aren’t claiming more than they’re entitled […]
Are you preparing to do your tax return for the 2019-2020 financial year? Are you wondering how to go about lodging it? Online Tax Australia has all the answers you’ve been looking for. For a lot of people, tax time is incredibly stressful; sorting through all of your invoices and receipts is time-consuming and tedious, […]
As of 2019, there are a few changes to the way you can access the information necessary to do your tax return. These changes can be confusing. A lot of people are unaware that there have even been changes at all. Here is how you can get your Annual PAYG Information for your 2019 tax […]
In Australia last year, 14 million people lodged tax returns, receiving tens of billions of dollars. False claims, however, cost the ATO approximately $1.5 billion and so, with a better computer system than ever, they are clamping down on certain expenses which people are known to erroneously claim on. The ATO has warned that this […]
Compiling your 2019 tax return? Wondering how to do your taxes in 2019? Well, read on… For a lot of people, the end of the financial year can be a very stressful time. Getting your finances in order can take up a lot of time you don’t have; sorting through and collating relevant documents is […]
Nowadays, everything is going online, including your tax lodgement, which can make the process very simple. There are several benefits to doing your tax return lodgement online: You can do it from the comfort of your own homeYou can complete it whenever is most convenient to you If you only have time to complete your […]
Want to know how to maximise your 2019 tax refund? You’ll be pleased to know that identifying and claiming eligible tax deductions isn’t as hard as it might first seem. We’ve outlined some simple tips below. Keep Good Records Good tax records are your secret to many tax deductions. If you have an organised system […]
There a number of tax deductions available to FIFO employees, and it can be quite difficult to sort out what you’re eligible for. To help cut through the confusion, we’ve compiled a list of tax deductions that all FIFO workers need to be aware of. We’ve spent over 20 years helping FIFO employees to maximise […]
