8 common tax return mistakes : Mr Taxman

The new financial year has arrived which comes with it the annual obligation to submit our income tax return by 31 October.� For many of us, the process is as painful as having your teeth pulled but the rewards can be great.� Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally! shares with us eight common traps to avoid when doing your tax this...

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Website: http://www.mrtaxman.com.au

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Income & Inheritance Tax in Australia FAQs | H&R Block

I have just received a letter from the tax office saying that I did not declare some interest from my bank account. What should I do?

If you believe this is incorrect, you should contact your bank to verify the income details for your accounts. The bank should notify the ATO in writing if this information is not correct.

You have 28 days to correct this information. However, if you have omitted...

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Website: https://www.hrblock.com.au

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ATO lodgement dates 2015-16 - East Coast Accountants

August monthly activity statement - due date for lodging and paying.


Due date for lodging the PAYG withholding payment summary annual report for payers whose registered agent (BAS agent or tax agent) helped prepare the report.

If a payer has only closely held payees and their tax agent helps prepare their report, they may be eligible for a concession to lodge this report by the due...

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Date: 2018-03-14 08:11:48
Website: http://www.eastcoastaccountants.com.au

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company tax return - Business Centre | BC Accountants

Company Tax Returns are a flat $220, including Compilation Reports, Compliance & ATO Portal reviews.

Financial Statements are also recommended for an optional...

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Website: https://www.bcaccountants.com.au

Related topics : company tax return / accountant tax return / tax return business / ato tax return / tax return info

Income tax for business | business.gov.au

Income tax for business

Last Updated: 2 June 2017

Federal income tax is levied on the taxable income of a person or a business. It's calculated on assessable income less any allowable deductions.

Assessable income is generally income your business earns - it does not include GST payable on sales you make, or GST credits.

Allowable deductions are deductions for certain expenses that you...

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Website: https://www.business.gov.au

TD 2018/11 | Legal database

Taxation Determination

TD 2018/11

Income tax: what are the reasonable travel and overtime meal allowance expense amounts for the 2018-19 income year?

Please note that the PDF version is the authorised version of this ruling.

We're undertaking consultation on this Taxation Determination.


This publication provides you with the following level of protection:

This publication (excluding...

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Website: http://law.ato.gov.au

Related topics : individual income tax return 2018 / tax return claim travel expenses / income tax check return / federal tax return income requirements / return on income tax

HRIA - Holiday Rental Industry Association Incorporated ...

The Australian Taxation Office (ATO) is launching an extensive data-matching program to identify taxpayers receiving income from short term rentals. Information from online platform sharing sites for around 190,000�Australians will be examined to identify taxpayers who have left out rental income and over-claimed deductions.

In 2016, approximately 2.1�million individuals reported rental...

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Website: https://hria.com.au

Related topics : individual income tax return 2016 / tax return example for rental property / income tax return information / extension individual income tax return / ato tax return online

Tax Rates in Australia | Tax Calculator

ATO Tax Rates 2013-2014

These tax rates apply to individuals who are Australian residents for tax purposes. The following rates for 2013-14 apply from 1 July 2013:

Taxable income

19c for each $1 over $18,200

$37,001 - $80,000

$3,572 plus 32.5c for each $1 over $37,000

$80,001 - $180,000

$17,547 plus 37c for each $1 over $80,000

$180,001 and over

$54,547 plus 45c for each $1 over $180,000


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Website: tax.calculatorsaustralia.com.au

Related topics : income tax rate calculator / free income tax return calculator / calculator tax rate / income tax calculator free / free income tax return

AAT finds ATO tax decision ‘unreasonable’ in SMSF case ...

After the auction, but before he signed the contract, Mr Wainwright had a discussion with Mr Coetzee, his financial adviser and tax agent. As a result of that discussion, it was decided that it would be in the applicants' best interests to acquire Triton Park in their own names.

For the applicants to have the necessary money to purchase Triton Park in their own names, with Mr Coetzee's advice,...

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Date: 2019-04-10 01:25:04
Website: https://www.smsfadviser.com

ATO $4.2 billion short of budget revenue target - SMH.com.au

Over the past financial year the ATO initially issued 36 large companies with tax bills amounting to $2.8 billion, but after wheeling and dealing it collected only half that amount - $1.4 billion.

Net tax collections in 2016-17 were $359.3 billion, up $16.7 billion (4.9 per cent) over the previous year, but $4.2 billion (1.2 per cent) below the amount expected at the time of the budget 2016-17....

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Website: https://www.smh.com.au

Related topics : previous years tax returns ato / ato tax return small business / individual income tax return 2016 / income tax return small business / tax return average time 2016

Australian Parent Visas and Tax - Questions and Answers ...

8. I am in receipt of a UK pension. How should this be taxed when I move to Australia as the holder of a Contributory Parent visa?

Q. I have lodged a subclass 103/143 visa application. Can I travel to Australia on holiday while this application is being processed?

Yes, you should be able to obtain a visitor visa that allows you to spend time with friends and family in Australia. This will not...

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Website: https://www.gm-parent-visas.com

What is a tax file number (TFN)? | Tax Tips | H&R Block

A Tax File Number (TFN) is a nine-digit number that is your unique identifier with the Australian Taxation Office (ATO). Everyone has a different TFN. Your TFN is yours for life, even if you change jobs, move interstate or change your name. If you leave the country and later come back to Australia, you still use the same TFN.

You will need a TFN in order to transact with not only the ATO but also...

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Website: https://www.hrblock.com.au

ETO | Express Tax Office



Awesome online tax returns, Calculate as you go, with Tax Tips, or just Upload it for us to enter!

o Online 7 days, Fast 7 day refunds o Extended lodgement dates o By Tax...

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Website: eto.net.au

Related topics : tax return online calculator / tax refund return calculator / tax return lodgement online / fast tax return online / fast tax return calculator

Property tax changes the ‘biggest irritant’ in 2018 ...

Property tax changes the 'biggest irritant' in 2018


Property tax changes the 'biggest irritant' in 2018

Property investors have continued to struggle with tax changes to travel deductions and depreciation claims for residential properties in 2018 despite the rules kicking in one year earlier.

Tax&Compliance Jotham Lian 24 December 2018

-- 1 minute read

object(stdClass)#14681 (8) { ...

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Date: 2019-03-24 06:35:59
Website: https://www.accountantsdaily.com.au

Related topics : tax return claim travel expenses / property tax return / tax return claiming expenses / tax return claim / amended tax return 2017

ATO Tax Clearance Certificates Australia - foreign ...

Tax Clearance Certificates Australia

Did you know ...

From 1 July 2016, a 10% non-final withholding will be incurred on disposing of certain taxable Australian property under contracts entered into from Friday 1 July 2016.

Ready to apply for your clearance certificate?

Our application service is coming soon

Here's the breakdown

How does this impact me?

All sellers of residential and commercial...

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Website: http://www.taxclearancecertificate.com.au

Related topics : non resident tax return ato / non resident tax return form / non resident tax return / ato tax return online / ato tax return

Accountants Desktop | Specially created for Tax ...


Excel Templates

We have hundreds of Excel templates for those regular�annual calculations and reconciliations as well as more specialised work on�ATO Benchmarks, Budgets & Projections, Business Valuations, Division 7A Loans and other Financial Calculations.

ATO News

To help you keep up to date, we keep�a summary of�ATO update emails, where that content is relevant to small and...

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Website: https://accountantsdesktop.com.au

Free Tax Refund Calculator | Tax Today

How much refund will I get?

Estimate how big your refund will be with our easy-to-use, free income tax calculator.

This up to date tax calculator applies to the last financial year ending on 30 June. This should be for your current tax return that is due.

Be mindful, it is only an...

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Website: https://www.taxtoday.com.au

Am I An Australian Resident For Tax Purposes (Australian ...

Capital gains tax on global assets

Capital Gains tax only on 'real Australian property', not shares

For more information on the tax implications of your tax residency, download my Free Special Report - Tax Implications For Australians Working Abroad. Click on the button below.

Download Tax Implications Special Report

Am I an Australian Resident For Tax Purposes?

The ATO uses a range of�tests to...

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Website: http://www.austexpatinvestor.com

Related topics : australian tax return / non resident tax return ato / non resident tax return form / non resident tax return / do i need to file a tax return if i have no income

Tax Tools - calculators.ato.gov.au

* To return to the AMP Demerger calculator, press the BACK button of your browser

Fractional interests

Immediately after the cancellation of your AMP Shares under the Demerger, your remaining AMP Shares were split. When the number of shares in each parcel is multiplied by the share split number (of 1.4123) it may result in some or all of your parcels having a fraction of a share included in...

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Date: 2011-05-12 05:32:32
Website: http://calculators.ato.gov.au

Related topics : capital gain tax calculator / tax income return calculator / non resident tax return calculator / calculation tax return / individual income tax return form name

Think you are a non-resident of Australia for tax purposes ...

In the first category are Australian citizens living and working overseas but continuing to be tax residents of Australia (often under the extended definition of 'resident'). The risk for these taxpayers is they fail to declare foreign source income in their Australian tax returns, and the ATO raises assessments for underpaid tax, interest and penalties.

The second category relates...

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Website: https://www.cgw.com.au

Related topics : non resident tax return ato / non resident tax return / resident income tax return / australian tax return / ato tax return

Help For Tax Details - Centrelink

Pay As You Go (PAYG)

What is a Tax File Number?

A tax file number is a unique number issued to individuals or organisations by the Australian Taxation Office (ATO). You will find your Tax File Number on your Taxation Notice of Assessment, which is issued to you by the ATO after your tax return has been lodged and assessed. Your Tax File Number may also be on your payment summary, or any other...

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Date: 2018-01-05 03:00:20
Website: https://www.centrelink.gov.au

Related topics : how do i find my tax office number / find my tax office number / do i need to file a tax return if i have no income / tax office phone numbers / do i need to file a tax return

How to Calculate Depreciation | Tax Depreciation Schedules ...

How do I calculate depreciation on my investment property assets?

There are two methods for calculating depreciation on plant and equipment assets associated with your investment property. Both methods are approved and accepted by the ATO, which sets the 'useful' lifetime of assets and prescribed depreciation rates depending on the depreciation method.

Prime Cost

This method assumes that the...

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Website: https://deppro.com.au

Related topics : income tax return calculator estimate / estimated tax return calculator / tax estimated calculator / income tax calculator estimate / building tax depreciation

My Tax Refund Today - Etax/My Tax/Income Tax Return 2016 ...

Why Wait for 2 Weeks?

Get Your Tax Refund Today!

Free Tax Refund Estimate

Pay $0 Upfront

We offer a 'Fee From Refund' option, which means there is nothing to pay upfront, we simply deduct the fee from your refund. If you take this option, you may still have the option of a 1 Hour refund of up to $1000. Our experts can also provide a FREE tax refund estimate, and all of this can be done with the peace of mind of our fully secured website. Just fill your details HERE a tax expert will call you within 20 minutes to discuss your tax situation. Once you authorise us to lodge your return, you can...

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Date: 2018-03-23 03:25:06
Website: https://www.mytaxrefundtoday.com.au

Related topics : refund on income tax return / fast tax return refund / tax refund return estimator / tax refund return time / tax refund return

Fast Tax Return Loans, Refund Anticipation Loans| Max Funding

No Obligation

What is a tax loan in Australia?

A corporate tax, also called company tax, is usually a direct tax imposed on a company's net profits. If you have a registered company in Australia, your tax liability will be assessed with a flat 30% tax rate. This can be quite significant, considering some small and medium sized enterprises struggle to reach sufficient cash flow to operate. Hence,...

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Website: http://www.maxfunding.com.au

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Tax reporting requirements | Small Business

The Australian Tax Office (ATO) requires businesses to submit a business activity statement (BAS) monthly, quarterly or annually (annual GST return, if eligible).

It is used to report and pay goods and services tax (GST), pay as you go (PAYG) instalments, PAYG withholding tax and other tax obligations.

When you register for an...

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Website: https://www.smallbusiness.wa.gov.au

Related topics : income tax return small business / ato tax return small business / business income tax return / tax return small business australia / tax return small business

ETO | Tax Return

  Yes - Tax resident (conditions apply)

Residency declaration

I declare I meet the requirements for tax residency status as follows (tick as many as possible, if true);

I have lived and worked in the one place over 6 months.

I have a home, with local work, social ties, & personal property.

I do not maintain any permanent home overseas.

I have applied for a temporary or permanent resident...

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Website: eto.net.au

Related topics : non resident tax return ato / non resident tax return calculator / non resident tax return / resident income tax return / status of income tax return

Tax forms and credits • Connect for Health Colorado

Where to find your Form 1095-A

We mail Form 1095-A to the primary tax filer in the ">household at the end of January. Additionally, you can get an electronic version of Form 1095-A in the "My Documents" section of your Connect for Health Colorado online account .

If you need more than one paper copy, please call our Service Center at 1-855-PLANS-4-YOU (855-752-6749). This may take up to 4...

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Website: http://connectforhealthco.com

Ato Tax Rates for income tax in Australia

AtoTaxRates.info�is a quick reference for ATO income�tax rates and related�information

Popular topics and quick links

'Super contributions 2017-18'

Substantial changes in the superannuation concessions apply from 1 July 2017. See Super contribution limits 2017-18 �


Depreciation categories, rates and calculations. See Depreciation �

'FBT exemptions and concessions'


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Website: https://atotaxrates.info

Related topics : income tax rate calculator / income tax return loan 2017 / free income tax return calculator / income tax calculator free / free income tax return

Tax Deductions For Uber Drivers & Rideshare Drivers ...

As tax time rolls around again, Uber drivers and rideshare drivers across Australia will�be looking to maximise their tax deductions. This article explains�the different options for claiming your vehicle expenses, how to keep a logbook, as well as a range of other potential tax deductions for rideshare drivers.

Motor Vehicle Expenses

There are two different methods available for...

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Website: drivetax.com.au

Tax Deductions for Uber Drivers - DriveTax Australia

Tax Deductions For Uber Drivers & Rideshare Drivers

As tax time rolls around again, Uber drivers and rideshare drivers across Australia will�be looking to maximise their tax deductions. This article explains�the different options for claiming your vehicle expenses, how to keep a logbook, as well as a range of other potential tax deductions for rideshare drivers.

Motor Vehicle...

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Website: drivetax.com.au

Uber the loser, Airbnb the winner in new tax office ...

Uber is the loser and Airbnb the clear winner in new measures announced today by the Australian Tax Office (ATO), as part of an effort to crackdown on the digital economy.

The ATO has given Uber car drivers two-and-a-half months to start paying goods and services tax (GST), but told Airbnb, an online service that allows people to rent out rooms or apartments privately online, that its status quo...

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Date: 2019-03-22 02:20:58
Website: abc.net.au

Related topics : income tax return online services / income tax return small business / tax return small business owner / ato tax return small business / business income tax return

Instant tax refunds, that's what we do

The Tax Office is targeting Individual Tax Return Claims this year. Let our experts save you the worry...


We Made it Easy for You...

Just follow our simple Tax Today check list and the job's done. Our Specialist Tax Team will do the...

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Website: http://instanttaxrefunds.com.au

Related topics : tax refund return time / instant tax return refund / check on tax return refund / tax return individual / tax refund return

Farm Management Deposits - Department of Agriculture and ...

What is the FMD Scheme?

The FMD Scheme assists primary producers to deal more effectively with fluctuations in cash flows. It is designed to increase the self-reliance of Australian primary producers by helping them manage their financial risk and meet their business costs in low-income years by building up cash reserves.

The scheme allows eligible primary producers to set aside pre-tax income...

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Website: http://www.agriculture.gov.au

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Redcliffe Accountants | Tax Agents Redcliffe | Tax Returns ...


Sunshine Coast

Visit our conveniently located office or call us today to know more about our services.


Q. How soon will my refund be back?

A. You will receive your...

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Website: http://www.redcliffeaccounting.com.au

Related topics : accountant tax return / previous years tax returns ato / tax return preparation software / previous years tax returns / tax return preparation services

Payroll - The People in Dairy

When you pay employees, you need to withhold tax from their pay and send these amounts to the Australian Taxation Office regularly. For each new employee, you will need to:�

give them a Tax file number declaration (NAT 3092) to complete and return to you�

complete Section B of your employee's Tax file number declaration�

register for PAYG withholding (if you haven't already)

forward the...

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Website: http://www.thepeopleindairy.org.au

Related topics : do i need to file a tax return / ato tax withholding calculator / employee tax calculator / tax withheld calculator / business tax return filing

How to get a Tax File Number (TFN) – Online tutorial

Link: www.ato.gov.au/Individuals/Tax-file-number/Apply-for-a-TFN

Note that if the website is under maintenance you can always download the TFN application form (it will be available for download) and send it to the address indicated on the form.

Once on the homepage, click on the first link:

Step 3: Fill out the form online

Click Apply Online for a TFN.

You will then get to the first page of the...

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Website: https://www.australia-backpackersguide.com

Related topics : tax return online filing / ato tax return online / business tax return filing / file my tax return / online tax return australia

Residential real estate – annual vacancy fee [GN48 ...

Evidence of occupation

To prove that the property was occupied, foreign investors may be required to provide supporting evidence.

Examples of supporting evidence may include, tenancy agreement(s), income tax returns or notices of assessment, title search or certificate of title showing the date that title was transferred, bank statements, insurance certificates for tenant's or landlord's...

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Website: http://firb.gov.au

Related topics : tax return fees per form / tax return fees australia / tax return fees for accountant / tax return fees / previous years tax returns ato

MORAN: Tax Return | Tax Accountant Melbourne | Moran


Why is it important to find the right taxation advisor?

When it comes to finding a tax accountant, Melbourne based businesses and individuals need to choose wisely. There are many taxation advisors out there, but it's no secret that some are better than others.

The 'right' advisor should be professional yet approachable; when it comes to tax, transparency and honesty are very important factors. It's also imperative that your advisor of choice is qualified, up to date with current practices, and available when you need them. For...

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Website: http://www.moranaccountants.com.au

Related topics : accountant tax return melbourne / accountant tax return / find tax return / tax return business / tax return preparation

Residential & Investment Property Depreciation Schedules

A tax depreciation schedule is a comprehensive report usually prepared by a specialist Quantity Surveyor that outlines all depreciation deductions claimable for a residential�investment property.

Watch this short video to learn more about�depreciation benefits for property investors

Using a Quantity Surveyor ensures maximum deductions

Quantity Surveyors are one of the few professionals...

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Website: https://www.bmtqs.com.au

Related topics : tax return preparation fee schedule / building tax depreciation / tax return with schedules / tax return preparation fee deduction / tax return preparation deduction

Dependent Spouse Tax Offset 2014 | E-Lodge

My partner of 23 years retired aged 69 December 2014; his earnings for 2013/14 exceed the $9k, but he

is not intending to rejoint the workforce.

He is now solely dependent on me for his day to day living expenses, can I claim him as a dependant spouse on my tax.

Tax Advisor

15 July, 2014 at 6:54 am

Hi Jo,

I suggest taking a look at a page on our website to determine who would qualify as a...

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Website: https://www.elodge.com.au

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About | Geyer Accountants



Our team, at Geyer Accountants, all live locally to our Accountant practice in Croydon South, and are passionate about helping YOUR business succeed.

Carolyn Geyer

IPA - Principal & Owner

Our Leader and devoted Cokey-ma (Grandmother) With a Masters in Practising Accounting, Carolyn is also a Registered Tax Agent and holds a Diploma in Workplace Training & Assessment. Carolyn is...

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Website: https://geyeraccountants.com.au

Related topics : tax return small business owner / ato tax return small business / tax return small business / registered tax agent requirements / registered tax agent meaning

Can I claim meals as a tax deduction? - Nudge Accounting

Aaron Wallace, Accounting, Small Business, Start-ups, Tax

One area which causes a lot of confusion among businesses is whether they can claim meals as a tax deduction.

It gets really tricky, and is not a simple yes/no answer. In some instances the Tax Office will allow a tax deduction in your business tax return for your meal. In other instances, the Tax Office will consider your meal as...

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Website: https://nudgeaccounting.com.au

Related topics : tax return deductions / ato tax return small business / business tax office / tax return small business / tax return business

Software Assistant - Software for Accountants

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Software Assistant - Integrated software for accountants

Software Assistant has everything a small accounting firm needs. It's big on features, light on the bottom line and easy to use. This integrated suite of accounting software, comprehensively supports a suite of accounting business activities - from practice management, tax returns, ledger management, and ASIC registration. All of...

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Website: https://tax.thomsonreuters.com.au

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