Read the latest news, get tax advice and keep up to date with our timely and informational short reports.
Hold the phone calls and the email requests. Winners are grinners and with the average tax return being around $2,800 for an Australian individual, dollars are on the table. Call centre operators – if your tax return is nowhere near that amount, you may be missing out.
Almost every working Australian will need and use a computer, software applications, online apps and conduct work online at some stage. There are some jobs that are fully online and rely on these types of products and services. When it comes to claiming digital products as tax deductions, there are some big winners!
As a firefighter there are a range of tax deductions you’re eligible to claim. Make sure you know and understand all your claims so you don’t pay too much tax!
This Pandemic Leave Disaster Payment was not included in your auto-filled information in your ATO tax records or on your income statement from Centrelink but should be declared when you lodge your tax return.
Have you worked from home due to the various lockdowns around the nation? Perhaps you still do and it’s become a part of your normal working week. There are three methods for calculating your tax deductions if you work from home. It’s best to work out which method will maximise your tax return.
Did you know that an ETF, or exchange-traded funds, attract a more favourable tax treatment than stocks and mutual funds? They tend to have a lower turnover and pay fewer capital gains. If an ETF is owned for more than 12 months, taxable capital gains can be reduced to 50% for individuals.