Do I have to include Bank Interest in my Income Tax Return? When it comes to Bank Interest, there are two questions we are regularly asked when preparing tax returns at Gotax and they are: How do I know how much bank interest I have? There are a couple of simple ways you can check how much bank interest you have. The first option would be to contact your bank and request the b
Doing your Income Tax Return for the first time? We know that doing your tax return for the first time can be daunting and confusing. You may not even know whether you need to lodge a tax return! Have no fear! Our 9-part blog will provide you with all kinds of information to help you understand the basics of doing your tax for the first time. Do I need to lodge a Tax Return? This is
How does Fringe Benefits tax effect my Tax Return I have an amount of Reportable Fringe Benefits on my Payment Summary - WTF is that?! Some people are lucky enough to get benefits provided to them outside their normal wages. These are called Fringe Benefits. Not all benefits are reportable for tax purposes, so if you receive a benefit that is not shown on your payment summary then don&rs
Confused?, Not with GoTax online Lodging your Individual Income Tax Return has never been easier with GoTax Online. The Simple and Easy etax return system has been created by a team of taxation experts who have a wide variety of qualifications from Registered Tax Agents, CPA’s, Chartered Accountantss and Tax Accountants with over 30 years of Individual Taxation experience. Our g
What to watch for in claiming donations on your income tax If you have done some good and chucked a few dollars into a charity tin or donated hundreds of dollars to a charity, then you may be able to claim it back on your tax return as a deduction. But wait…. Before you go and enter that donation into your tax return there are a few things to be aware of: For your tax
Can I claim self education on my Income Tax? Self-education is something that everyone of us can benefit from when we leave school. You are independently advancing yourself in your life or careers. Luckily, some of your self-education expenses can be claimed as a tax deduction. However, there is a catch, you can only claim self-education expenses if your education directly relates to you
What to know about your Income Tax and Income Protection Did you know that you can claim the cost of your income protection insurance? However, this is only the case where you pay your premiums directly from your bank account. So, if you are paying for income protection through your superfund, unfortunately, you won’t be able to claim this as a deduction. Accidents can happen to an
Can I claim stationery in my Tax Return? If you purchased any stationery for work (and your boss didn’t reimburse you) then you may be able to claim your stationery as a tax deduction on your GoTax Online etax return. What kind of stationery can I claim? Pens, Pencils, Highlighters Glue, tape, post-its Diaries, Journals, Notebooks Calculators, Comp
How do I know it's a Tax Scam? The ATO have recently reported that scammers are now using ATO phone numbers to contact their victims and demand payment for fake tax debts or face being arrested. Our previous blog spoke about the 3-way conversation initiated by the victim and 2 scammers pretending to be the victims tax agent. Read: Fake Tax Agent Scam Now the scammers are using
How to complete your Defence Force Tax Return GoTax specialises in etax returns for members of the Defence Force.We know how to work out if some of your wages are tax-free, whether you are exempt (or partially exempt) from paying the Medicare Levy, whether you can claim a zone tax offset for working in Woop Woop and, what tax deductions you can claim to get you a bigger tax refund. B