For many tax clients, preparing for the 2010 tax return will be a drain. However, just a little time dedicated to the task can return a handsome dividend. Whether you are self preparing, using Tax Pack, e-tax or etax, online tax or other elodging your 2010 tax return you can get more tax back.
Don’t leave [...]
For many tax clients, preparing for the 2010 tax return will be a drain. However, just a little time dedicated to the task can return a handsome dividend. Whether you are self preparing, using Tax Pack, e-tax or etax, online tax or other elodging your 2010 tax return you can get more tax back.
Don’t leave [...]
VET FEE-HELP is a loan scheme that commenced on 1 January 2008 to assist full-fee paying students who undertake Vocational Education and Training (VET) accredited diploma, advanced diploma, graduate diploma and graduate certificate courses of study.
The scheme has been extended from 1 July 2009, to include government subsidised and full-fee paying students undertaking diploma and advanced diploma [...]
The ATO made the following appology regarding incorrect due date for payment on some notices of assessments:
“Some debit notices of assessment that issued since 23 March 2010 have incorrect due dates between 6 and 9 April 2010. We are aware that these dates do not allow sufficient time for payment.
We apologise for any inconvenience this [...]
You are only required to pay medicare levy surcharge if your”adjusted taxable income” is over certain threshholds and you are not covered by hospital cover in a private medical insurance fund. To compare funds you can click on the following link:
See this post for details on “Adjusted Taxable Income” and how it relates to medicare [...]
You can compare, Select & Save on health cover with iSelect
Here is a medicare levy calculator that many will find helpful. The calculator will provide an estimate of Medicare levy for you 2010 Australian tax return, taking into account any entitlement to a reduction or exemption (see below for an explanation).
Information you may need
your [...]
Compare health funds with iSelect – Where Australians can Compare, Select and Buy Private Health Insurance. Compare health insurance policies from participating health funds.
The medical expenses tax offset only applies if your net medical expenses exceeds $1,500 excluding contributions to private health funds, travel or accommodation expenses associated with medical treatment or inoculations [...]
The ATO yesterday issued the following statement regarding delays in issuing tax refund assessments.
“I would like to reassure tax agents and the community we are doing everything we can to issue outstanding notices of assessment for 2008-09 income tax returns and I apologise for any inconvenience you have experienced.
We know some people have experienced delays [...]
According to ATO statistics over 72% of Australians use a tax agent.
It seems online tax return lodgment has also grown by 73%. Of this growth the 18-24 age group increased by 34%, while the 70-74 age group increased by just 4%.
The ATO statistics also indicate the average cost of an individual to prepare a tax [...]
Get an estimate of your tax refund with our web app. Its FREE ==> How much refund
Here are some free tips to include medical expenses in your 2010 tax return, whether you use tax pack, e-tax, online tax or a tax agent.
The Medical Expenses Must Be For:
you
your spouse – married or de facto – regardless [...]
