Rental Management Fees | Online Tax 2024 Maximise Deductions for Rental Properties Property management fees are considered tax-deductible expenses for rental properties. These fees are associated with hiring a property manager and can be deducted from your taxable income. Typically, these management fees are charged by real estate agents and can range anywhere from 5% to 11% of the ren
How will a second job affect my Tax? This is a common misconception out there regarding getting a second job. It’s true, in certain situations a second job can get taxed at just under 50%, but that only happens if you have other income that puts your total income over $180,000. So that leaves most of us out of that. The amount of tax you pay on a second job depends on the amount of
Tax Back under $18000 | 2023 Gotax Tax Return for Income Less Than $18,000 in Australia Of course you'll get your tax back if your total income for the year is less than the tax-free threshold of $18,200, you don’t have to pay any income tax. However, you’ll still need to file a tax return. Why File a Tax Return? Even if you earn less than $18,200 and claimed the tax-free
Rental Property Tax Deductions Made Easy Published April 2025 Investing in property? Good on ya. But let’s make sure you’re not leaving cash on the table at tax time. Whether you’re a seasoned landlord or you’ve just jumped into the rental game, knowing what you can (and can’t) claim is the key to winning the refund jackpot. And with Gotax.com.au, we’ve
FIFO Workers: Maximise Your Tax Deductions and Boost RefundsFIFO Workers: Your No-BS Guide to Tax Deductions Published: April 2025 If you’re a FIFO worker, you already know your job is tough—long swings away from home, crazy rosters, and even crazier weather. But when it comes to tax time? It shouldn’t be another battle. Getting your tax deductions right could mean hund
Union Fees and Tax: How to Claim Them Without Losing Your Mind Let’s be honest—talking tax can feel like trying to read ancient scrolls in a language no one speaks. But here’s the thing: union fees could actually put money back in your pocket. Yep, if you’re paying union or association fees for your job, there’s a good chance you can claim them on your tax return.
First-Time Tax Return? Get a Fast Refund Online with GotaxFirst-Time Tax Return? No Stress, We’ve Got You Covered! So, You Got Your First Job – What’s This Tax Thing? You’ve just scored your first paycheck. But hold on—why is your take-home pay less than expected? Who’s taking a cut of your hard-earned cash? Welcome to the world of tax. The Australian T
Rental Property Tax Returns - Made Easy Online with GotaxRental Property Tax Returns Made Easy – File Online with Gotax Owning a rental property is great… until tax time rolls around. Suddenly, the ATO wants to know everything—from your rental income to how much you spent on dodgy plumbing repairs. That’s where Gotax comes in. We make lodging your rental property tax
The Ultimate Rideshare Tax Deduction Guide: Maximise Your Savings Introduction to Rideshare Rideshare driving offers flexibility and extra income—but it also comes with a range of expenses. If you’re a rideshare driver, understanding and claiming every eligible tax deduction can significantly reduce your taxable income and boost your savings. In this comprehensive guide, we break
What are the Penalties for not declaring your Income? Failing to declare income can lead to significant penalties, interest charges, and even legal action. We will will cover what happens when you don’t declare all your income, the potential penalties, and how to avoid common traps. We'll also provide examples to illustrate these points and share a useful piece of Gotax advice to help y