How to Claim Car Expenses Using the Cents Per Kilometre Method If you use your car for work, such as visiting clients, delivering goods or travelling between different workplaces, you should be able to claim a tax deduction for the travel if you've tracked it correctly. Car expenses as a tax deduction are generally a big ticket item, so making sure you have your documentation in order is of
Top 5 Tax Deductions | Gotax Individual Maximise Your Tax Refund: 5 Tax Deductions You May Not Know About Tax time can be daunting, but knowing the right deductions can help you maximise your tax refund. In this guide, we'll explore some lesser-known tax deductions you can claim on your Income Tax return, including tips on how to maximise your tax deductions and get the
Payment Summaries RIP: How to Navigate the New System for Your Income Tax Return In recent years, employers have shifted to a new system of reporting employee wages to the Taxation Office. This system aims to streamline the process for both employers and employees, ensuring that wage information is accurately reported and readily available for your Income Tax return. Here's what you need to kno
Top 10 Tax Deductions | Tax online 2024 Top 10 Guide to Tax Deductions in Australia When it comes to tax deductions, understanding what you can claim can significantly impact your tax refund. As an individual taxpayer, you’re entitled to claim expenses related to your work. These are known as work-related deductions. Here are the top 10 tax deductions that most people claim:
Top Tax Tips for Your Online Income Tax Return With tax time looming, it's essential to prepare thoroughly so you’re ready to lodge your Income Tax return in July. Follow these simple tips to maximise your tax deductions and secure the maximum refund possible. Index Register with GoTax Online Follow the ATO Rules Use GoTax Online's eTax System Don't Avoid Lodging Your Tax R
Tax Deductions Without ReceiptsTax Deductions You Can Claim Without Receipts in 2024 For the 2024 income tax return, certain Income Tax Deductions can be claimed without receipts, provided you can substantiate these expenses if requested by the tax office. Look through the following to assist you with this years Income Tax return. Index Work-Related Expenses Laundry and Dry-Cleaning
Crypto losses | Online Tax 2024 Find out about Crypto Losses If you're losing money on your Crypto trading, then this is what you need to know to get that tax return done. Gotax also has an automatic Crypto page that does all the heavy lifting for you. Just enter the numbers and Gotax completes your Tax return effortlessly. Here's an overview of what Crypto Losses and your Income Tax is al
Maximise Your Tax Refunds: Essential Tax Deductions for Teachers in 2024 As a teacher, you dedicate your time and resources to educating the next generation. When tax season arrives, it's a good idea to understand the various deductions and incentives available to you to maximise your tax refund. Wewill help you navigate the tax deductions you can claim on your 2024 Income Tax Return, including
Maximising Tax Deductions for Defence Force Members in 2024 Defence force members in Australia have access to various income tax deductions and concessions. By understanding these benefits, members can maximise tax deductions and secure a maximum refund on their income tax return. This guide outlines the key deductions and concessions available in 2024, helping you navigate the tax system effic
Tax Deductions for Defence Force Members in Australia In the Australian Taxation System, members of the Australian Defence Force (ADF) can claim a variety of work-related expenses as tax deductions. Work-Related Expenses These include travel between different worksites, such as barracks, and travel transporting bulky equipment, such as field equipment packs. If your job requires a f