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A Comprehensive Guide to Investment Property Deductions

A lot of people miss out on maximising their tax return by failing to take advantage of the tax deductions associated with their investment properties. An investment property is a property that is used for income earning purposes. If you live in the house, you cannot claim investment property deductions, and if you live in […]

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Tips for Getting the Most Out of Your Tax Return

Tax time is upon us and most people are checking their group certificates and gathering their receipts before October 31. We all love the feeling of getting some cash back from the tax man, with around 75% of us due a refund from the OTA each year. However, so many people end up with less […]

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What Can I Claim on Tax?

What can I claim on tax’ is one of the most common questions that the team at Online Tax Australia receives. For most people, tax and accounting is a once-a-year chore, come June 30. So, not surprisingly, most people aren’t experts on tax deductions, particularly when there are so many variables, and the Federal Government […]

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How to Claim Work Related Car Expenses

The expense of owning and maintaining a car can be one of your most significant costs. Fuel prices are constantly rising, insurance premiums are on the up, and purchasing a car is more expensive than ever. Combine all this with the fact that your car’s value begins to drop as soon as you drive it […]

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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-online-tax-return

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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