Entries by Tax Guy

Getting a Tax refund with Instant Tax Refunds

Getting a tax refund can be a bit like Christmas in July. The money always comes in handy just when you need it. But getting a tax refund as an individual tax payer in Australia, means it has to be refunded from the tax you pay to the ATO. This individual tax is based mainly […]

Get the most from your 2017 Tax refund

At this time of year, many people are looking at their 2017 tax refund to help them pay some bills. Make sure you get the best tax refund you can by speaking to a registered tax agent. Tax agents are trained and registered professionals who specialise in individual tax returns. They know what you can […]

Watch out for a tax refund scams this year

The ATO has issued a warning to be on the alert for tax refund scams with scammers contacting people via phone or email. If you are unsure whether your tax preparer is legitimate, the Australian Tax Practitioners Board can let you know if your tax agent is registered. As a registered tax agent, Instant Tax […]

Haven’t got time to do your 2017 tax return?

You probably have your group certificate or payment summary from your employer by now. But have you found time to do your 2017 tax return yet? Most people get a tax refund on their tax returns and yet still find it challenge just getting it done. So even though you could have money owed to […]

Do you have overdue tax returns?

We have worked with hundreds of taxpayers with ovedue tax returns to lodge and they have all felt immensely relived from the first time they called us on 1300 829 489 or just filled out our tax agent appointment form. From the moment you fill out our tax agent appointment form, the ATO will know […]

Car and Travel costs focus of the ATO

Car and travel costs continue to be one of the largest categories of work-related expenses claimed by individuals (e.g., employees, sole traders, contractors). As a result, the ATO continues to focus on incorrect car and travel expenses, particularly where they involve travel between a taxpayer’s home and place of work. Generally, home to work travel […]

Increase in the Medicare levy low-income thresholds

The Government will increase the Medicare levy low-income thresholds for singles, families and seniors and pensioners from the 2017 income year. The threshold for singles will be increased to $21,655. The family threshold will be increased to $36,541 plus $3,356 for each dependent child or student. For single seniors and pensioners, the threshold will be […]

No deduction for travel expenses for residential rental properties

From 1 July 2017, the Government will disallow deductions for travel expenses related to inspecting, maintaining or collecting rent for a residential rental property. This is an integrity measure to address concerns that many taxpayers have been claiming travel deductions without correctly apportioning costs, or have claimed travel costs that were for private travel purposes. […]