First-Time Tax Return? No Stress, We’ve Got You Covered! So, You Got Your First Job – What’s This Tax Thing? You’ve just scored your first paycheck. But hold on—why is your take-home pay less than expected? Who’s taking a cut of your hard-earned cash? Welcome to the world of tax. The Australian Tax Office (ATO) is now part of your life, and they want th
Rental Property Tax Returns Made Easy – File Online with Gotax Owning a rental property is great… until tax time rolls around. Suddenly, the ATO wants to know everything—from your rental income to how much you spent on dodgy plumbing repairs. That’s where Gotax comes in. We make lodging your rental property tax return online simple, quick, and pain-free—no appo
The Ultimate Rideshare Tax Deduction Guide: Maximise Your Savings Introduction to Rideshare Rideshare driving offers flexibility and extra income—but it also comes with a range of expenses. If you’re a rideshare driver, understanding and claiming every eligible tax deduction can significantly reduce your taxable income and boost your savings. In this comprehensive guide, we break
How will a second job affect my Tax? This is a common misconception out there regarding getting a second job. It’s true, in certain situations a second job can get taxed at just under 50%, but that only happens if you have other income that puts your total income over $180,000. So that leaves most of us out of that. The amount of tax you pay on a second job depends on the amount of
Tax Return for Income Less Than $18,000 in Australia Of course you'll get your tax back if your total income for the year is less than the tax-free threshold of $18,200, you don’t have to pay any income tax. However, you’ll still need to file a tax return. Why File a Tax Return? Even if you earn less than $18,200 and claimed the tax-free threshold, you are only entit
What are the Penalties for not declaring your Income? Failing to declare income can lead to significant penalties, interest charges, and even legal action. We will will cover what happens when you don’t declare all your income, the potential penalties, and how to avoid common traps. We'll also provide examples to illustrate these points and share a useful piece of Gotax advice to he
Tax deductions that are available without receipts Fixed Rate for Home Office Expenses The Australian Tax Office (ATO) allows you to claim a flat rate per business hour to cover the costs of working from home. For the 2022-23 tax year, the rate increased from 52 cents to 67 cents per business hour. This revised fixed rate covers energy costs, phone and internet expenses, and computer con
What is a Tax Return? Q: What is a tax return? A: A tax return is a form that you lodgewith the ATO (Australian Tax Office)that reports income, expenses, and other tax information. In Australia, individuals and businesses must lodge their tax returns with the ATO to determine their tax obligations or refunds. You can lodge your tax return online through the easiest online platform available,
The Simple Bookkeeping Solution for Small and Micro Businesses eCashbooks is the easiest way to manage your business finances, with a mobile app, BAS support, and affordable pricing. Keep your books up to date on the go! For small and micro businesses, managing finances can feel overwhelming, especially when faced with complex accounting software. That's where eCa
Unlocking Tax Deductions: Vehicles That Aren’t Yours or Aren’t Cars When it comes to claiming tax deductions for vehicle expenses, many people think it only applies to cars they own. However, if you use a vehicle that isn’t yours or isn’t classified as a car, you might still be eligible for deductions. Here’s a simple guide to help you understand what you can claim