The ATO and Government Tax News: Etax Announcements | Income and Economy | The ATO and Government Australian Tax Deadline – October 31 Young woman lodging her tax before the tax deadlineYoung woman lodging her tax before the tax deadlineThe tax deadline for lodging Individual Tax Returns each year is October 31st It takes just a few minutes online, with live online support to help boost your refund. Get Started NowReturning Users Login To lodge your 2024 tax return now, follow these easy steps: Your Etax tax return really is that easy! What’s next? […] ATO Data Matching – What is it and will it affect me? ATO Data MatchingATO Data MatchingYou may have heard that ATO data matching technology is now being used in Australia. The ATO launched the system to find missing income from individual tax returns. It’s a new, more sophisticated way to collect more tax from taxpayers who may, either accidentally or deliberately, understate their income. What is ATO Data Matching? ATO […] Investment property tax deductions under the ATO spotlight Keys to an investment property with a house in the background and a car parkedKeys to an investment property with a house in the background and a car parkedAustralian investment property owners may be on a collision-course with the Australian Tax Office (ATO) in 2023, over incorrect claiming of tax deductions. Along with the rising cost of living and borrowing rates in Australia, the estimated 1.7 million people who own a rental property will also have their investment property tax deductions put under […] Tax Bracket Creep in Australia: What Is Bracket Creep, And How Does It Affect You? Tax trapsTax trapsBracket creep is a situation in Australia where inflation and wage increases push more and more people into higher tax brackets. The result is that income tax takes more and more of people’s earnings, even though the Government did not formally raise tax rates. Let’s dig into the concept of bracket creep, its impact on […] Can’t work due to COVID? What help is available? Woman with mask on in self isolationWoman with mask on in self isolationWhat do you do if you can’t work due to COVID? With self-isolation rules relaxing, the Government is no longer providing the Pandemic Leave Disaster Payment. Instead, the High-Risk-Setting Pandemic Payment has taken its place but is not available to everyone.  Luckily there is some help out there to help you stay afloat if you […] Government Tax Cuts Extended Low and middle income tax offsetLow and middle income tax offsetThe 2022 Budget threw in a few perks for businesses but the one that around 10 million taxpayers will appreciate, is the decision to increase the tax offset for low and middle income earners. The Low and Middle Income Tax Offset, often referred to as the LMITO, has been increased for the 2021-2022 income year […] Tax Cuts Announced for 2020-21 Hands pulling Australian cash out of a walletHands pulling Australian cash out of a walletFederal Government brings forward tax cuts for the 2020-21 financial year To stimulate a struggling Australian economy, the Australian Federal Government has brought forward Stage 2 of their planned tax cuts and back dated them to 01 July 2020. The cuts originally penned to come into effect July 2022, will now take place in the […] The Medicare Levy medicare levy surchargemedicare levy surchargeWhat is the Medicare Levy? Have you ever looked at your Notice of Assessment (NOA) or tax refund estimate and seen a line for the Medicare Levy? Not sure what it is? Don’t worry, you’re not alone and this article has got you covered. For most Australians, healthcare is essentially free. If you get sick, […] Tax Information for the Coronavirus Pandemic Coronavirus Tax InformationCoronavirus Tax InformationCountless Australians have been affected by the COVID-19 pandemic. In response, the Australian Government has implemented a series of assistance measures for the purpose of helping those experiencing financial difficulty. Please read our tax guide for the coronavirus pandemic below for assistance. And if you work from home now, don’t forget you can also claim […] What is the JobKeeper payment? Are you eligible? how to apply for the JobKeeper paymenthow to apply for the JobKeeper paymentAs the COVID-19 pandemic worsens, the government has announced the JobKeeper payment aimed to ensuring as many Australians as possible stay employed. Not to be confused with the JobSeeker payment for those people out of work, the JobKeeper payment is a payment for employers to help keep employees on their books. How does the JobKeeper […] How to survive the lock-down. Your guide to turning it into a positive Young woman with headphones on smiling at her laptopYoung woman with headphones on smiling at her laptopWith all the social distancing and lock-down measures in place, how do you keep your mind occupied and engaged? For some people, being at home is bliss. For others, it’s hard to stay focused on anything. But time at home can be a valuable chance to reflect, connect and plan for the future. There are […] Did COVID-19 turn you into work at home parents and teachers? Father working at a table with his child doing school workFather working at a table with his child doing school workTemporary work at home parents-come-teachers. A few tips for navigating this new landscape. As 2020 dawned, no one in their wildest dreams expected the unprecedented global shift that COVID-19 has brought about. With many of us still trying to grapple with having our lives literally locked down, a significant number of us took our jobs […] Lost your job due to Covid-19? What now? Business closed sign hanging on the wallBusiness closed sign hanging on the wallWhat do you do if you’ve lost your job? Just a few months ago very few people had ever heard of Coronavirus but now that virus has literally and completely changed the way we live. With so many businesses shut down or reducing hours, thousands of people now face unemployment, or are struggling to make […] How to apply for Jobseeker Payments (or other coronavirus stimulus payments) How to apply for Coronavirus Stimulus PaymentsHow to apply for Coronavirus Stimulus PaymentsLoosing your job is a stressful enough event on it’s own, take into account the global COVID-19 pandemic and the last thing you will want to have to deal with is the process of applying for a jobseeker payment at Centrelink. It is not easy to navigate the myGov or the Centrelink website. To make […] Coronavirus Stimulus Information for Small Businesses: Everything small businesses need to know small business stimulus Coronavirussmall business stimulus CoronavirusThe devastating coronavirus pandemic has hit small businesses hard. As a result, a number of sole traders are without work and many small businesses closed their doors and let go staff. Consequently, the Australian Government recently issued two rounds of stimulus packages to help business owners. The first stimulus package on 12 March included a […] Page 1 Page 2 Page 3 Go to Next Page »

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