You cannot include your preceding year deductions in current year tax return. Therefore, to claim these deductions, an amended tax return is required. When can I lodge an amended tax return? You can lodge an amended tax return anytime during the year. However, an amended tax return needs to be...

If you are not sure whether your employer is paying super guarantee contributions to you, you are advised to check the following things to ensure your future is saved. Are you entitled? First, you should confirm that you are eligible for super guarantee. Estimate my super tool? Always use the...

If you are earning more than the tax-free threshold which is currently $18200, you are required to lodge a tax return. In some cases, even if you earn less than that amount and had tax deducted from your pay, you may be required to lodge a tax return. If you...

If you have a car and keep record of all business-related activities, you are entitled to claim the expenses. The car should be your own car and should not be provided by your employer as a part of your salary package. There are two methods regarding how you can claim...

A deduction can be claimed if computer is being used to help you earn your income. Depending on whether the computer is used for private or work purposes the amount can be claimed. For example, if you use a computer half of the time, only 50% of deduction can be...

The first $18200 of your yearly income is not taxed if you are an Australian resident for tax purposes. It is called the tax-free threshold. The tax threshold is equivalent to $350 a week, $700 a fortnight and $1517 a month. TOO MUCH WITHHELD If your income is over $18,200...

Failing to declare all your income- Tax payer generally fails to declare all their income. Nowadays tax office has access of your income information electronically received from third parties. They receive this information from PAYG summaries from employers and pension payments, most institutions that pay interests and dividends. Hence, they...