Tax tips Archives | Page 2 of 3 | Colby Business Services
Select Page
Are you eligible for the $1080 tax offset?

Are you eligible for the $1080 tax offset?

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...
Most common tax return mistakes

Most common tax return mistakes

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...
Why instant tax refunds are a scam

Why instant tax refunds are a scam

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...
What’s the ATO cracking down on this year?

What’s the ATO cracking down on this year?

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...