The ATO has just announced an increas in their general interest charge (GIC) from 11.16 for the June 2010 quarter to 11.80% for the September 2010 quarter.
Note that the GIC compounding rate now extends to most taxes, including:
income tax
fringe benefits tax
goods and services tax
pay as you go.
For more details vitist the [...]
Remember, you cannot automatically claim a deduction just because you received an allowance. For a summary of deductions specific to Engineers see our post ==> Tax Deduction Finder for My Job.
Engineers commonly get the following types of allowances:
motor vehicle allowances (based on a cents-per-kilometre basis)
travel
meal.
If any allowance is shown as a separate amount on your [...]
You can see what your 2010 tax refund will be using this 2010 tax refund calculator tool:
2010 Tax Refund Calculator
Online Tax Return service – In addition to generating a FREE tax refund calculation, what ezTax does is present you with easy step-by-step instructions, detailed but simple explanations, intuitive processes, easy payment methods, supported by [...]
Remember, you cannot automatically claim a deduction just because you received an allowance. For a summary of deductions specific to disability support care workers see our post ==> Tax Deduction Finder for My Job.
disability support care workers commonly get the following allowances:
motor vehicle
uniforms
meals
travel
telephone
shift
If any allowance is shown as a separate amount on your payment [...]
2010 offers some good news and some BAD news.
Good news first - Over the last several months we have worked tirelessly, updating our knowledge bas/tax blog, offering effective tax tips both for now and over the next tax year. Here are a couple of samples:
Tax deduction finder for my job – locate deductions specific to [...]
Highlights:
Education Tax Refund expense threshhold has increased in 2010 to 50% claim of $780 (primary schoold) and $1558 (Secondary school).
Excess Education Tax Refund expenses from 2009 can be rolled over to 2010
For a summary of eligible expenses see this post ==> 2010 Education Tax Refund Eligible Expenses
You may be eligible for the education [...]
Details on who can claim ==> Education ax Refund 2010
The following are eligible education expenses if they relate directly to the education of the student for whom you are claiming the Education Tax Refund:
laptops, home computers, repair and associated running costs
computer-related equipment, such as printers, USB flash drives, as well as disability aids to [...]
Dreamt of purchasing an investment property but just don’t understand tax implications and benefits? Your not alone.
Everyone is talking about the property boom. But not everyone understands the tax implications of one of the largest investment decisions mums and dads can make. Take FULL advantage of the property boom with simple tax strategies. Whether you [...]
Remember, you cannot automatically claim a deduction just because you received an allowance. For a summary of deductions specific to Security Guards see our post ==> Tax Deduction Finder for My Job.
Security guards commonly get the following allowances:
motor vehicle
uniforms
meals
telephone
If any allowance is shown as a separate amount on your payment summary, include it as [...]
Remember, you cannot automatically claim a deduction just because you received an allowance. For a summary of deductions specific to Sales Representatives see our post ==> Tax Deduction Finder for My Job.
Sales Representatives commonly get the following types of allowances:
motor vehicle allowances (based on a cents-per-kilometre basis)
meal.
If any allowance is shown as a separate amount [...]
