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Frequently Asked Questions About Tax Deductions

Frequently Asked Questions About Tax Deductions

This is a guide to help you claim what tax deductions you are entitled to, and to get your tax return correct before you lodge it. How do Tax Deductions Work? When you lodge your tax return you are entitled to claim work related expenses you incurred while working.  To be able to.....

HOW INVESTMENT PROPERTIES AFFECT YOUR TAX RETURN

HOW INVESTMENT PROPERTIES AFFECT YOUR TAX RETURN

If you’re looking to buy an investment property or you have just bought one, you need to understand your tax obligations, including which deductions you can claim. This is our simple guide to how investment properties affect your tax return. WHAT INFORMATION DO I INCLUDE IN MY TAX RETUR.....

How To Prepare For Your Tax Return

How To Prepare For Your Tax Return

As we head into July, its time to face up to the reality of having to complete your tax return. To keep the process as painless as possible, here is Austax’s tax tips for a better experience. Most people find the stress free option is to use a tax agent.  Yes there is a fee involved (which is t.....

Military Superannuation

Military Superannuation

The Government will create a new accumulation superannuation scheme for new members of the Australian Defence Force.  There will be no change for existing ADF members, however they may elect to be covered under the new arrangements......

Dependant Offsets

Dependant Offsets

The new dependent (invalid & carer) tax offset was introduced during the 2013 financial year. Taxpayers who originally qualified for the offsets listed above may qualify for this newly created dependent offset......

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