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Everything You Ever Wanted to Know About Tax Brackets

Australia has a progressive tax system and because of this we have tax brackets, with each bracket determining the tax rate that applies to income within that bracket (also known as marginal tax rates). As the total taxable income increases, higher tax rates apply to the portion of income that falls above the previous bracket. […]

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How the Private Health Insurance Tax Offset Works

These days, private health insurance is a necessity; it makes life much easier if you suddenly find yourself facing unexpected health issues. That being said, private health insurance is yet another expense to add to the daunting list of bills that we all face. Luckily, you can reduce the cost of your private health care […]

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Capital Gains Tax Explained

The Capital Gains Tax (CGT) is the tax that is applied to the capital gain or loss of a taxable asset. A capital gain or loss is basically the difference between the cost of the taxable asset at the time of acquiring it, and what it’s sale value when you disposed of it. We all […]

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OTA is Open for Business: Lodge Your 2015 Tax Return Online Now

Online Tax Australia’s 2015 online tax return preparation service is now available. The Online Tax Australia Team is pleased to announce that our 2015 online tax return service is now open for business. And, with features like those below, why wouldn’t you lodge your tax with us this year? Completing your tax return, and maximising […]

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Maximize Your 2015 Tax Refund

Chances are, unless you’re an account or tax agent yourself, you won’t be familiar with how to maximize your 2015 tax refund. But don’t despair, that’s where we come in. Our team of friendly, professional, qualified tax agents is available to provide you with advice and support when you lodge your tax return with us. […]

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What the 2015 Federal Budget Means for Your 2014-2015 Tax Return

The Federal Government announced the 2015-2016 Budget in May. While the majority of its changes will not impact your tax return until next financial year, there are a few cost savings that you can capitalize on before the 30th of June. The 2015-2016 Federal Budget appears geared towards improving and stimulating Australia’s economy, ensuring that […]

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How to Keep a Vehicle Log Book

Should your employment require you to utilize your private motor vehicle for a range of business activities eg visiting client sites, travel between locations, sales calls etc then keeping a vehicle logbook can be a great way to ensure your achieve the maximum motor vehicle tax deduction in your tax return.  Everyone struggles with the […]

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A Guide to Tax Deductible Donations

If you’ve made donations to charities throughout the year, then you might be able to claim the cost of those tax deductible donations as a tax offset. Not only can your donations help those in need, they can also save you money come 30 June. Of course, as with all areas of taxation law, there […]

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How to Lodge a Tax Return Online

Few people look forward to lodging a tax return online. There are the mountains of paperwork, receipts and invoices to deal with, as well as navigating the Australian Taxation Office website. So, to help make lodging your 2015 tax return a little easier, we’ve put together this guide on how to lodge a tax return […]

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