Archive for the 'Tax' Category
Calculators on the Australian Tax office web site can help you with your tax return
Saturday, September 12th, 2009Not everyone has access to accounting programs to help them calculate tax discounts.
The ATO website has tax calculators as well. You can use them to:
Calculate the best claim for your car
Calculate your home office expenses
Work out how much tax you should be paying
Check if you are a resident for tax purposes
See what offsets you may be entitled to and how […]
What is the education tax refund?
Thursday, July 2nd, 2009The education tax refund (ETR) is a new refundable tax offset set up to help with the cost of educating primary and secondary school children - and as part of PM Rudd’s initiative towards every Australian school child having a computer.
It means that eligible parents, carers, legal guardians and independent students could get 50% back on some […]
Tax Bonus
Tuesday, June 23rd, 2009Because of my other job, the tax bonus came and has almost gone before I could write about it. I have watched it with interest, though.
Most of you would have received your tax bonus by now, if you are eligible. If you think you are, but haven’t got your money yet, have you lodged your […]
I’m back
Saturday, June 20th, 2009I’ve a new job—so my work and this blog are no longer deemed a conflict of interest—so I’m back.
My new job is still working with tax, but I am not longer working in the front office as a tax preparer, so the slant of the posts may change a little.
I’m looking forward to writing more, and I […]
This blog is in hiatus
Monday, March 31st, 2008You may have noticed I haven’t posted much here for a while.
Why?
I have taken a new position and talking about taxation issues on this blog could be deemed a conflict of interest. [Note I say could, not is, but it’s always better to err on the side of safety.] Hence for the term of my […]
Salary packaging with a HELP debt and/or no private health
Saturday, September 22nd, 2007Salary packaging is where your employer pays for some items—a car, a computer, even in some cases your mortgage repayments—out of your pre-taxed earnings.
Let’s look at an example. Tax rates are based on the 2007 tax year. They will change next year.
Suppose your annual salary is $44,000. On $44,000 you pay tax of $8,550, plus the […]
Adsense and Australian Tax: How do you pay it, what do you pay?
Wednesday, August 22nd, 2007Suppose you live and work in Australia, blog part-time (or even full time) and earn money from Adsense. How does it work from a tax point of view?
If you live and work in Australia, and just get a few extra dollars from Adsense—which would be the case for most part-time bloggers—you are what the U.S. tax […]
Is it always best to ask for the most experienced tax preparer?
Thursday, July 5th, 2007In my last blog I talked about the best times to visit the tax agent, and by now you know all about how you may get tax preparer who has 30 years experience or is a total newcomer. You might think from what I said then that you should always go for the most experienced […]
When is the best time to visit your tax agent?
Sunday, July 1st, 2007You decide to get your tax done by a tax agent. Is there a best time to make an appointment?
The best time is obviously the time that suits you best. If you have a big return coming or you need the money, for example, it’s better that money gets into your pocket sooner rather than later. If you […]
Superannuation changes on 1 July. Get this year’s super affairs in order now
Monday, June 25th, 2007The government’s superannuation changes are big news at the moment, and you have until 30 June to put lots (and lots and lots) of money into your super fund for taxation benefits in future years.
Don’t leave it until the last day.
As you can imagine, the superannuation companies are very busy right now.
Not only do they […]