Claims for phone, internet and home phone expenses Almost everyone looks to make a deduction for work and business. Anyone adding this to their Tax Return will be on the ATO’s hit list. The Taxation Office has recently taken aim at claiming mobile phone, internet and home phone expenses, now generally requires many taxpayers making […]
So what is the backpacker tax? For working visitors to Australia, this would mean that all income would be taxed at a rate of 32.5%. But thanks to an online petition, the tax has now been delayed by 6 months pending further review. So what does this mean for currently visiting workers? Well, at least […]
Avoid being Targeted If you work then the answer is probably YES. Unlike recent years, instead of a specific industry, this year the ATO intends to target specific work related expenses. These areas include: Claiming a computer, phone or other electronic device as a work-related expense Transporting bulky tools and equipment Overnight work-related expenses This […]
Many clients ask us if they should spend money to purchase an item before 30 June to get the tax deduction for it. The answer is simple – YES if you really need the item, and NO if you don’t. Many times, people spend money on things just to get extra tax back, but it’s […]
Hey, don’t wait any longer – get your tax return done now. It’s easy and it’s fast! Fast – Finish in as little as 10 minutes Easy – Use any device: PC, Mac, mobile, or tablet Simple – Step-by-step guide to make tax a breeze No hidden admin or account fees No extra charge for multiple […]
If you tax is a little high this year and you can beat the June 30th deadline you could boost your Refund for the year with Wage Protection Insurance Premiums to be claimed, and if you’re expecting a Tax Bill this year, maybe you should look to prepay yours. Possibly your greatest financial asset is […]
We’ve been busy getting our systems, and processes improved for the busy 2015 Tax Refund season ahead. This year’s tax is even simpler than last year, you lodge your Tax Return with Refund Express and get your REFUND direct deposited into your bank account starting at the low cost of just $99. We don’t add […]
Self-education expenses are deductible to a taxpayer where the expenses are directly connected with the taxpayer’s current income-earning activities. In circumstances a deduction is allowable: Taxpayer’s income-earning activities relate to the basis to maintain or improve your skill or knowledge of employment Self-education study objectively leads to an increase in taxpayer’s income from their current […]
Deduction for travel expenses can be equally apply to a business taxpayer and an employee deriving salary and wage income that there is a sufficient connection between travel and the derivation of income by the taxpayer. Hence to claim a deduction for travel expenses, you must be able to demonstrate that the expenses are linked […]
You’ll find below some explanations and examples of what you can claim in regards to compulsory, and non compulsory work uniforms. This is to be used as a general guide only, and any particular information should be checked directly with the ATO website. Compulsory Uniform A compulsory uniform is a set of clothing that is […]
Vehicle expenses are a much regulated area for claiming deductions, so having an understanding of what you can claim is crucial in obtaining the correct deduction. Most of us rely on our cars daily in our working lives and, as we all know, cars can be expensive. Fortunately, tax deductions are claimable on your car-related […]
It is a legal requirement that you keep records relating to your 2014 Tax Return. That is why it is so important to make sure you have a practical record keeping system in place and take advantage of Refund Express’s online document storage for your Return. By law, the ATO requires you to keep you […]