Tax Videos

Nurses' eTax Tutorial
Miners eTax Tutorial
Teachers eTax Tutorial
GoTax Pricing - What can you get?
Introducing you to GoTax Online
Entering in your Income Tutorial
Self-Education Tutorial

Tax Glossary

Employee Share Scheme

A company provides its employees with interests in the company (shares, staples securities, rights to shares or rights to staples securities), under an employee share scheme (ESS).

Electronic Funds Transfer (EFT)

Electronic payments made by the ATO to a valid bank account.

Liability

A debt or financial obligation incurred

Penalties

Penalties can be executed by the ATO for Taxation and Superannuation offences.

Decline in Value

Also known as depreciation. An amount that can be deducted from the value of a depreciating asset that you have had within the financial year. This is based on the effective life of the asset.