2024 Tax Season Dates | Gotax OnlineWhat are the 2024 Tax Season Dates. The Australian Tax Office (ATO) will not start to process 2024 Income Tax Returns until the 1st July 2024. The ATO has also reminded lodgers that it's prefill system will not reflect all data at least until the 15th July 2024. They have also stated that information from Banks and investment Institutions may take some tim
What are the tax implicaations of renting a room in your house? Renting out a room in your home can have several tax implications and may also offer you some tax deductions. Here are some key points to consider: Tax Implications of Renting a room out 1. Rental Income: The rent you receive is considered assessable income and must be declared on your tax return. 2. Capital Gains Tax
Are you a tax virgin? Filing your first income tax return can be a bit stressful, but actually is quite easy with the right guidance. And at Gotax we're here to help you pop your tax cherry and make it a smooth and satisfying experience. At Gotax, we offer a free service for first-time tax lodgers. That's right, you can prepare and file your income tax return online with us at no cost. And w
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
Help/Hecs what you need to know for your Tax So, you have undertaken some study to make yourself a learned person. If you did not have the money to pay the excessive course fees upfront (who does) then you probably took advantage of the governments' generosity and had them pay for it. These fees are now in the form of a HECS-HELP debt or Student Financial Supplement debt, depending on when you
Can I claim my private superannuation contributions? The answer to this question is……. it depends. And the other question that goes with this is…. should I claim it? Contributing to super is a good idea, whether you do it as a salary sacrifice contribution or a personal contribution (after tax). So, what we are talking about here is a personal contribution (after tax).
Increase My Super | Income TaxI want to increase my Super, what's the best way of doing that? This is a common question we get, especially from workers approaching retirement. There are 2 main ways of increasing your super. Concessional contributions Non-concessional contributions Below is a brief summary: Concessional contributions: These are contributions wh
Simple, Easy & FUN Income Tax Returns Doing your Tax is usually a real pain in the a$#! With over 30 years tax experience under our belts, we know! Some of our clients say that it’s worse than going to the dentist… Well, we don’t want that now do we? So, we have designed a fun tax experience that is so simple & easy to use, you’ll never have to wo
Claiming Uniforms on your Tax Return - what to watch for You can claim a tax deduction for the cost of buying and cleaning occupation-specific clothing, protective clothing, and unique, distinctive uniforms. You need to keep receipts for the purchase, and diary records or written evidence of the cleaning costs to be able to make a claim. We list the Uniforms & Laundry you can claim be
Welcome to Part Two of your crash course on why you can a geta tax bill ... There could be a number of reasons why you haven't had enough tax withheld - we have compiled a list below, (these are just some of the reasons): It could be as basic as an employer error. Your employer could have looked up the wrong tax tables and not taken out enough each week. If you had multiple employe