We have listed down some of the tips for you, if you came to Australia with a Working Holiday Visa subclass 417 or 462. Check your visa status To check your visa status visit: https://immi.homeaffairs.gov.au/visas/already-have-a-visa/check-visa-details-and-conditions/check-conditions-online Important Dates The Australian Financial Year starts on 1st July and ends on 30th June in the following year. Applying … Read more Backpacker Tax Return
The tax-free threshold for this year is $18,200. This means that if your total income is less than the threshold, you do not have to pay any income tax to the Australian Taxation Office (ATO) this year. Do I need to lodge tax return? If your income is under $18,200 Yes, you are still required … Read more Tax Free Threshold
Tax Table 2020 These are the current (tentative) Tax Tables for the 2019-2020 Tax Year. (Tentative) Tax Resident Tax Rates 2019-2020 This rate is only applying to individuals who are Australian residents for tax purposes*. Taxable Income Tax on this income 0-$18,200 Nil $18,201- $37,000 19c for each $1 over $18,200 $37,001- $90,000 $3,572 plus … Read more Tax table 2020
There might be some confusion on which method is better for a home office claim. The new COVID-19 shortcut method might seem that it helps you save more than the usual method, but does it really? We will look at this case study to find out. Case Study Jim is an office administrator who was … Read more Home office case study – Which method should I use?
Step 1: Head to https://secure.oneclicktax.com.au/register where you will see the following page: Fill in your details and click on “Create Your Account” Step 2: You will then receive a SMS to your Mobile Number, to input in the next page.You will also create your password on this page. Once done, click on “Complete Registration”. Step … Read more How do I Register?
Maximising your 2020 Covid-19 tax return During these uncertain times, we understand that this year’s tax return needs to be quick, seamless and generate you the biggest bang for your buck. Tax time is just around the corner, so we thought we would provide you with a quick update before OneClickTax.com.au goes live on the 2nd of July. We … Read more Tax Time Updates
From now on, every client will need to verify your photo ID either with your driver license, passport or student ID. This is due to new regulations from the Australian Taxation Office (ATO), to have proof that we are acting on your behalf, and for the privacy and security purposes as follows: ATO Regulations: For … Read more Why do I need to verify my identification document (ID)
Working from home: The ATO has introduced a straight-forward shortcut method to calculate Home Office Expense during the period from 1 March to 30 June 2020. Using this shortcut, you can claim 80 cents per hour for all relevant running expenses incurred when working from home. It is important to note that if you choose … Read more What are the new tax rules due to COVID-19
Due to COVID-19 situation, most of you may work from home during that period and planning to claim a deduction for each hour you have worked from home. That’s fine! However, please be mindful of your car deduction and laundry expenses. That amount should not be claim full year long. This is because the ATO … Read more Don’t get audit by ATO from silly mistakes
Overdue tax return Do you have an overdue tax return or you have missed the tax deadline? No worries, we can definitely assist you to lodge your overdue tax returns. How do I lodge the overdue tax return? You can easily complete and lodge the late tax returns from 2017 onward online through our website … Read more Late Tax Returns
Uniform and Laundry Expense Deductions There are many different jobs that require a certain type of attire or compulsory uniform. Did you know that most of these items could potentially be counted as a deductible expense? You can claim the cost for buying and cleaning occupation-specific clothing, protective gear and unique, distinctive uniforms. There are … Read more Uniforms and Laundry Expenses Deductions
Self-education expenses can be deductible if the expenses fulfil the following criteria: The course/training has a connection to your current employment The course/training will maintain/improve skills related to your current employment OR results in an increase in your income from current employment You are unable to claim deductions for self-education expenses if it is used … Read more Self-Education Expense