Tax rates & tables and Tax calculator

Check out our NEW post ==> Tax Deduction Finder for My Job

For many years tax rates and table were fairly easy to obtain. You just needed to get your hands on an ATO TaxPack which contained a myriad of tables. Since 2009 these tables are no longer so easy to find since the tax office decided to stop publishing them in the TaxPack. Instead, people searching for tax rates and tables now need to either subscribe to costly

Read more >

Check for unclaimed super on SuperSeeker

Unclaimed super is different to lost super. Unclaimed super is an amount payable to a member of a super fund because they meet the eligibility requirements, where the super fund, after making reasonable efforts have been unable to contact them. This can include members who have reached the eligibility age and also former temporary residents.

Read more >

Need help finding lost super?

Just a little reminder to our readers that if you have lost super, the ATO's SuperSeeker can help you locate it.

What information is required?

• tax file number, 
• name and 
• date of birth.

Read more >

Struggling with Debt and Facing Bankruptcy?

A collegue of mine, Bill Meywes, recently experienced a period of "financial distress", to put it nicely. He said on his web page:

"I'm a qualified Barrister (non practising) and have been a successful businessman and entreprenuer all my life. I have worked in Senior management positions for major organisations, created successful companies and am now under a Part X Agreement deemed an act of Bankruptcy under the Bankruptcy Act 1966!!"

Read more >

Property Tax Variation Explained - Online Application

For up-to-date information on Tax Variations for Investment Property go here - Tax Variation.

What is a tax variation - property?

Taxpayers entitled to large refunds from negatively geared investment property can access the funds held by the ATO in their weekly pay rather than waiting until their annual tax return is completed and lodged.

The tax variation for investment property can be obtained by permission from the Australian tax Office and requires an annual application form to be submitted. Once processed, the ATO notifies your employer of the rate of tax to be withheld from your periodic pay. The tax variation for your investment property will be

Read more >

EzTax Web Based Tax App

                  Cloud service * no downloads * FREE storage of your vital tax data

                     Web based Tax APP * Free your disc space * really easy to use

With EzTax tax app, completing your tax return has never been easier!

For a fast return just follow the simple steps . It's easy to use and saves you time and trouble. 

• Web based tax app - in the cloud
• Open a browser and go. 
• Security of a registered Tax Agent review and lodge your return. 
• Prepare multiple returns for your family with one account
• Tax office electronic lodgment approved software

We'd love to help you get the best possible refund. All our users say eztax is really easy to use. To get started click here:

Tweet

Update on Claiming Deductions for Study Expenses

The ATO has started notifying taxpayers who may be entitled to claim deductions, and therefore an additional refund (plus interest), for study expenses.

If you were eligible for a deduction in the years 2007, 2008, 2009 or 2010 the ATO will be writing to advise you that they will be amending your assessment(s) for those years. The ATO said they will write to eligible taxpayers between 1 March 2011 and 30 April 2011.

Read more >

Review of Living-away-from-home Allowance by ATO

Tweet

The ATO has just announced they are reviewing living-away-from-home allowance benefits and believe some employers may be claiming excessive amounts for exempt accommodation and food components.

The ATO said "In April 2011, we will be writing to some employers who are paying this allowance, requesting information for each employee receiving the allowance, including:

Read more >