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 […]
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 […]
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 […]
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 […]
Understanding when you need a receipt to claim a tax deduction is important in getting the best possible tax return. Throwing away receipts or not recording expenses appropriately can cost you a lot of money. For the most part, you must have written evidence to claim a tax deduction based on expenses incurred. But, there […]
If you’ve decided to use an Australian Tax Agent to prepare and lodge your tax return (particularly if this is the first you’ve used a Tax Agent), then we’ve got a few tips and tricks for you. While Tax Agents, such as Online Tax Australia, submit your tax return on your behalf, you will have […]
If you don’t think you have the experience or the expertise to lodge your own tax return, then it is definitely worthwhile investing in the services of an Australian Tax Agent when preparing and lodging your return with the Australian Taxation Office. Research shows that people who utilise the services of a tax agent will […]
