Travel between home and work Traveling between home and a regular work location is not tax deductible. And it doesn't matter how. You can travel by car, travel by boat, travel by bike, travel by train or bus, the mode is not important, the answer will always be not tax deductible. For there to be a tax deduction, it must be an expense of some sort that you have spent money on, that is connec
Old Returns | GotaxTaxpayer whacked with considerable penalty. The Tax Office had made many requests for a TaxPayer to lodge their Income Tax Return for the 2017 Income Year. Finally, the taxpayer endedup lodging their Income Tax Return and had an amount payable of $6,658. This was not disputed, and probably the reason the taxpayer put off lodging his income tax return. Now get this, the
Are normal clothes Tax Deductible? The courts and the Australian Taxation Office take the view that as a human in todays society you can't walk around naked, so you must need a certain level of clothing that prevents you from being arrested for indecent exposure; and probably keeps you warm as well. To this end, the money you spendto maintain a certain societal level of apparel is a normal l
Superannuation Tax DeductionsSuper Dooper Problem! Since 2017, employees have been able to claim superannuation as a tax deduction in their Income Tax Return.The excitement has created a flood of claims in the individuals Income tax return to the extent that 351,000 deduction claims where made my taxpayers in the 2018 tax year. That was an increase of 60% over the previous year for these ty
Using Gotax Online to complete your Tax return has advantages Convenience: Gotax Online tax returns allows you to complete your tax return anytime and from anywhere. No need to make an appointment with a tax agent saving time, effort and money. Faster processing: Using Gotax Online allows quicker processing and is generally faster compared to making appointments or using more comp
Don't lose your Tax Deduction Receipts A year can be a long time, and when tax time finally rolls around again, we can tend to forget what we bought for work during the year, so we are left doing one of these three things: Scrambling around trying to find our receipts Leaving the deductions out of our tax return and missing out on a better tax refund Adding the deductions in and hopin
First time returns | GotaxFirst time doing your tax? Here's an understanding of what it's all about. Well you’ve finally got your first job and you’re feeling good, a bit of extra coin to splash around, you can finally get away from your parents and buy the things you want. The first pay day and hey!!, there’s some money missing, what’s the story there? Well welcome to a
What tax deductions can a Receptionist Claim? Are you a Receptionist, Administrator, Admin Assistant? If you answered YES! Go YOU! Let's claim some TAX deductions! You are the backbone of your company, you keep the cogs of the office well-oiled and turning to ensure everything runs as smoothly as possible, and sometimes, you may have work-related costs that you can claim back on your ta
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
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