etax Download

Related Posts:
On 1 July every year the ATO will make their latest version of etax available for download. See link to ATO at bottom of page.

You will also find tips, calculators and checklists to help you prepare your eTax Return (and get a better refund) right here - summary of e-tax and Assessable income and checklist of E-tax and Allowable Deductions.


Changes to Tax Return Each Year: 

In May each year the government releases their annual budget in which changes to the tax system are announced. These changes can be big or small and can, as in recent years, have a significant
downward impact on the tax refund of Australian workers. Budget announcements also impact on what the annual tax return is going to look like and how your tax refund will be calculated. For many tax return preparers these changes can be challenging.

Bad news - There are quite a few NEW items on the tax return which could cause problems for many self preparers. There have been changes to the income tests used to work out some tax offsets, deductions and the Medicare levy surcharge. This may increase the amount of tax and Medicare levy surcharge you have to pay and reduce the amount of Spouse tax Offset, Senior Australians Tax Offset and Pensioner Tax Offset.
You may be affected by these changes if:
  • you pay child support
  • your employer has made extra super contributions for you such as salary sacrifice super contributions – these are called reportable employer super contributions
  • you have rental properties, and the deductions you will claim exceed the income you have derived from them
  • you have financial investments and the deductions you will claim exceed the income you have derived from them.
Now that the income tests include these additional amounts, your income may be above the existing income thresholds. This means that you may:
  • no longer qualify for certain tax offsets or you may only qualify for a reduced amount
  • no longer qualify for super co-contributions or personal super contribution deductions
  • be liable for the Medicare levy surcharge
  • be required to pay more of your Higher Education Loan Program or Student Financial Supplement Scheme debt. 
See this post for more details on Adjusted Taxable Income==> What Is Adjusted Taxable Income (ATI).

E-tax Return

See these posts with tips, calculators and checklists to help you prepare your eTax Return (and get a better refund) with less hassle:
For help with your eTax return see our eTax Return Checklist.

Web Based Tax Return App:

A benefit of using eZtax, our web based tax return app, is we have the genuine online tools, knowledge and experience to get the best tax refund for our clients, making it easy to complete your annual tax return online.

Our Web Based Tax Return App will step you through all the necessary questions to increase your  tax refund and take into account all relevant tax deductions and tax offsets. Try it now. Its FREE to get started!

Copyright 2014. My Tax Zone.