by Jenneth Orantia | Aug 20, 2019 | Tax tips
Christmas has come early for earners between $48K and $90K. Good news: if your taxable income (ie your before-tax salary minus tax deductions) for the 2018-19 financial year was between $48,000 and $90,000, you can expect a sweet tax offset when you get your refund...
by Jenneth Orantia | Aug 19, 2019 | Tax tips
Summarising your incomings and outgoings for the year can be a tad confronting, especially if you haven’t done a great job of keeping your financial records up-to-date. Here are the most common tax return mistakes. Even if you’re an employee (rather than a business...
by Jenneth Orantia | Aug 19, 2019 | Tax tips
Beware of tax agents who claim to offer you an ‘instant tax refund’. What they’re really offering is a high-interest, short-term loan that can leave you seriously out of pocket if you’re not careful. Having to wait up to 14 days to get your tax refund back can be...
by Jenneth Orantia | Aug 19, 2019 | Tax tips
We live in an age of self-empowerment. We can do our own banking online, book flights and hotels without a travel agent, and even apply for a home loan without a mortgage broker. But just because you can, doesn’t mean you should. Particularly when it comes to lodging...
by Jenneth Orantia | Aug 19, 2019 | Tax tips
Every year, the ATO picks 2-3 areas that it’s targeting with a laser focus for income tax, and it’s a good idea to be aware of these areas when you lodge your tax. Last year, it was work-related expenses. This year, it’s work-related expenses again, followed by...
by Jenneth Orantia | Aug 19, 2019 | Tax tips
A lot, actually. In a nutshell: You may not receive a payment summary from your employer this year. Since most employers are now required to report their employees’ income, tax and super directly to the ATO, we actually have all of the information we need to file our...