And How Do I Avoid It Happening Again? Approximately eight out of every ten Australians who lodge a tax return receive a tax refund. But for some of us, the refund that we get isn’t quite as big as we expect. “Why is my tax refund so low?” is a very common question, especially in […] The post Why Is My Tax Refund So Low? appeared first on Etax - Online Tax Return 2024 ..read more

Superannuation is important when planning for your future. There are so many types of super contributions and payments, that it’s sometimes confusing and hard to know what each of them are. One part that people often don’t understand is reportable superannuation contributions. Let’s take a look at what you should know… What are reportable superannuation […] The post Reportable Superannuation Contributions – what you should know… appeared first on Etax - Online Tax Return 2023 ..read more

The tax free threshold is a cap on how much someone can earn during the financial year before paying tax. In Australia, the first $18,200 you earn between 1 July and 30 June the next year is tax-free, regardless of which employer you earned it from. From there, you will fall into a tax bracket […] The post Claiming the tax free threshold: What you should know… appeared first on Etax - Online Tax Return 2023 ..read more

Teaching kids about money is one of the most valuable life lessons you can give them. If you’re planning on raising money smart kids, you need to start early. In fact, the earlier the better. Your child’s association, understanding and attitude towards money dictates their relationship with it throughout their life. If they learn how […] The post Want to raise little entrepreneurs? Start by teaching kids about money appeared first on Etax - Online Tax Return 2023 ..read more

Put simply, negative gearing occurs when an investor borrows money to buy a property, and the cost of owning and running that property exceeds the rental income it generates. As an investor of a negatively geared property, you make up the gap between the expenses on the property and the rental income. This isn’t always […] The post What is negative gearing and is it the right strategy for you? appeared first on Etax - Online Tax Return 2023 ..read more

Find out which property investment expenses can claim as tax deductions. Learn about depreciation, negative gearing, Capital Gains Tax and more. The Etax Investment Property Tax Hub has everything you need to know about owning, renting and selling an investment property. The post Etax Property Investment Tax Hub appeared first on Etax - Online Tax Return 2023 ..read more

There’s no denying it, IT professionals are the unseen frontline heroes of a business. Whether you’re a developer, a support guru or a security ninja, it’s never an easy job to keep services and people working, 24/7. What is surprising is the number of available tax deductions for IT professionals. So, let’s get our IT […] The post Tax deductions for IT professionals – what you can claim appeared first on Etax - Online Tax Return 2023 ..read more

What is GST Withholding If you buy a new residential property, or land with the intention to build a residential property and you make this purchase from a GST registered business, you need to withhold an amount for GST to pay directly to the ATO on settlement. When does the GST Residential Withholding payment apply […] The post Paying GST at Settlement: What you need to know appeared first on Etax - Online Tax Return 2023 ..read more

If you have a HELP debt and are experiencing financial hardship, you may be eligible to ask the ATO to defer your help debt for a temporary period. If the ATO accepts your request, it means that they will put a temporary hold on your repayments. What is a HELP debt? Commonly referred to as […] The post How to defer a HELP debt during financial hardship appeared first on Etax - Online Tax Return 2023 ..read more

Stage 3 tax cuts have been a topic of discussion since they were announced in 2018. These tax cuts were aimed to provide Australian taxpayers with some relief from “bracket creep”, while making the tax system a bit simpler. What are the stage 3 tax cuts? In simple terms, the government tinkered with the details […] The post Stage 3 Tax Cuts Explained: Who Benefits and How it Affects Your Tax Return appeared first on Etax - Online Tax Return 2023 ..read more