Category: Resident Tax

Filing your tax return is definitely exhausting  but just like eating, sleeping and drinking, it is very important to take this bull by its horns. It's just one of those things which are better, if completed on time. As the tax season is just around the corner, we decided to...

Income of Uber drivers is assessable income, so if you are an Uber driver, you must lodge tax return for each year. Income generated by using Uber app and any types of income earned from some other source are all included in assessable income of Uber drivers.You can also claim...

Preparing your tax return can be very stressful, especially if a person is doing it for the very first time. It is not a difficult process but there are couple of guidelines and rules which we should follow to streamline things. Mentioned below are some tax return tips for first...

What is Capital Gains Tax? (CGT) When you sell a capital asset, such as a property or a vehicle, you either make a capital gain or a capital loss. Capital gains and losses can be explained as the difference between the cost you paid to acquire the asset and the...

Instant tax refunds may sound like an excellent option and may be really attractive but besides getting the money in your hand today, it does not do any good for you. To explain it simply, it is like a high interest and high cost, short-term instant loan on which you...

It is always better to lodge your tax return at the end of the financial year but there are situations when you need to or might have to lodge for an early tax return. If you are leaving Australia before the end of the financial year (30th June), there are...

In today’s expensive world, everybody wants their tax refund to be maximized. To get a maximum tax return, one should: Claim all the tax deductions you can claim: You can only claim items you have receipts for, are related to your work and that your employer hasn’t already reimbursed you...

Seeking advice from registered Tax Professionals is always good to improve your tax refund or net payable. According to ATO statistics, 70% of Australians use a tax agent service- like www.mytaxrefundtoday.com.au, who can provide them the best advice for entitled deductions to avoid ATO reassessment or audit for wrong declaration....