What Can I Claim on Tax as a Waiter? In the Australian Taxation System, work-related expenses are tax deductible. This means that if you’ve spent money to earn your income, you can claim it back as a tax deduction. This is particularly relevant for waiters, who often incur various expenses in their line of work. Sure, as a waiter, there are several tax deductions you may be eligi
Gotax does not do 24 or 48 hour refunds. Gotax has a pricing structure that is cheap compared to most other Taxation Return providers. We try and offer the market place a comprehensive and professional service at the cheapest possible price. We rely on the Tax Office Refund Processing System to deliver your tax refund in the shortest amount of time possible. Thisis usually 10 working days, b
What are the 2024 Tax Season Dates. The Australian Tax Office (ATO) will not start to process 2024 Income Tax Returns until the 1st July 2024. The ATO has also reminded lodgers that it's prefill system will not reflect all data at least until the 15th July 2024. They have also stated that information from Banks and investment Institutions may take some time beyond that. So their advis
What are the tax implicaations of renting a room in your house? Renting out a room in your home can have several tax implications and may also offer you some tax deductions. Here are some key points to consider: Tax Implications of Renting a room out 1. Rental Income: The rent you receive is considered assessable income and must be declared on your tax return. 2. Capital Gains Tax
Are you a tax virgin? Filing your first income tax return can be a bit stressful, but actually is quite easy with the right guidance. And at Gotax we're here to help you pop your tax cherry and make it a smooth and satisfying experience. At Gotax, we offer a free service for first-time tax lodgers. That's right, you can prepare and file your income tax return online with us at no cos
Doing your Income Tax Return for the first time? We know that doing your tax return for the first time can be daunting and confusing. You may not even know whether you need to lodge a tax return! Have no fear! Our 9-part blog will provide you with all kinds of information to help you understand the basics of doing your tax for the first time. Do I need to lodge a Tax Return? This is
Help/Hecs what you need to know for your Tax So, you have undertaken some study to make yourself a learned person. If you did not have the money to pay the excessive course fees upfront (who does) then you probably took advantage of the governments' generosity and had them pay for it. These fees are now in the form of a HECS-HELP debt or Student Financial Supplement debt, depending on when
Can I claim my private superannuation contributions? The answer to this question is……. it depends. And the other question that goes with this is…. should I claim it? Contributing to super is a good idea, whether you do it as a salary sacrifice contribution or a personal contribution (after tax). So, what we are talking about here is a personal contribution (after tax).
I want to increase my Super, what's the best way of doing that? This is a common question we get, especially from workers approaching retirement. There are 2 main ways of increasing your super. Concessional contributions Non-concessional contributions Below is a brief summary: Concessional contributions: These are contributions where the person making the
Are Tax Deductions worthwhile? The short answer is NO.This is a common question we get from clients. You will never get 100% of what you spend on tax deductions back as a tax refund. The reason is that the ATO doesn’t tax you 100% so they won’t give you 100% back. You will only ever get a % of what you spend back in your tax refund. The % depends on what tax bracket your