Tax return 2017 due date: October 31 is the deadline

THE Australian Taxation Office has warned that today is the last day for individual taxpayers to lodge their 2017 returns if they are not using an agent.

As of Sunday afternoon, more than 9.4 million Australians had lodged their tax returns, about four per cent more than at the same time last year.

In 2016-17, 10.9 million individuals were expected to need to lodge a return for the 2015-16...

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Paying tax on a Centrelink payment - Australian Government ...

Paying tax on your payment

You can choose to pay tax on your payment if you get a taxable Centrelink payment .

We don't automatically take tax from most of our taxable payments, but you can ask us to do this for you. We call this a tax deduction.

Use the Australian Taxation Office (ATO) tax withheld for individuals calculator to work out the amount of tax that we should deduct from your payment.

If we deduct tax from your payment, you must lodge a tax return with the ATO .

Payment summary

If you ask us to deduct tax from...

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Date: 2018-04-05 21:07:18

Related topics : tax payment calculator ato / make tax payment / tax payment calculator / tax return deductions / tax deductions calculator

Capital gains withholding clearance certificate ...

Capital gains withholding clearance certificate application online form and instructions - for Australian residents

Australian resident vendors should use the Foreign resident capital gains withholding clearance certificate application form to notify us foreign resident capital gains withholding doesn't need to be withheld from the sale of taxable Australian real property (the asset).

It provides...

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Business structures: Company | Business Victoria

Key factors for choosing this structure

Register as a company

Use the� Australian Business Licence and Information Service (ABLIS) , a one-stop tool to help you find all the local, state and federal licences, registrations and permits you need.

Important: the differences between a business name, company name and trading name

A business name is simply a name or title under which a person or...

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Date: 2018-03-21 22:43:36

Accountants Desktop | Specially created for Tax ...

PAYGW Variation - Rent

FBT 2017 (6 Apr 2017)

We have added our fringe benefits tax calculator for use with all employer and fringe benefit types for the year ended 31 March 2017. �The workbook includes calculation of FBT payable where applicable, calculation of the value of benefits for an employee contribution and a summary of all benefits by type and employee.

FBT - Full Calculator


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Taxable Income & Inheritance Tax Australia | H&R Block

I have just received a letter from the tax office saying that I did not declare some interest from my bank account. What should I do?

If you believe this is incorrect, you should contact your bank to verify the income details for your accounts. The bank should notify the ATO in writing if this information is not correct.

You have 28 days to correct this information. However, if you have omitted...

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Related topics : tax return trust income / income tax check return / income tax return due / return on income tax / rebate income tax

Members’ voluntary liquidations - BRI Ferrier

Home | News | Members' voluntary liquidations

Members' voluntary liquidations

15 February 2016 by George Divitkos


The costs associated with maintaining company structures that are no longer required are easy to overlook. Corporate restructures allow rationalisation of a group structure and dissolution of any unnecessary and potentially costly companies within a group.

However, careful...

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Related topics : final tax return company / income tax return date 2016 / final tax return ato / income tax return date / company tax return

TD 2017/19 - Income tax: what are the reasonable travel ...

Income tax: what are the reasonable travel and overtime meal allowance expense amounts for the 2017-18 income year?

Please note that the PDF version is the authorised version of this ruling.

This document has changed over time. View its history .

This publication provides you with the following level of protection:

This publication (excluding appendixes) is a public ruling for the purposes of the...

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Related topics : income tax assessment act 1997 (itaa) / income tax assessment act 1997 pdf / income tax assessment act 1997 / income tax check return / return on income tax

Tax Tips | Tax Advice & Guides | H&R Block

5 Ways a Financial Adviser can help your hip pocket

5 Ways a Financial Adviser can help your hip pocket...

Going overseas? What happens to your HELP debt repayments?

How to declare your worldwide income if you're affected....

Find out more

Top mistakes when preparing your tax return

If you don't use a tax agent like H&R Block, it's easy to make a mistake when preparing your tax return. Here's our...

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Tax Deductions For Uni Students |

Equipment depreciation and repairs (eg. laptops computer, printer, etc.)

Car expenses (if applicable)

Work-related deductions for people working during studies also include:

Uniforms (must have a logo)

Travel (only for work-related reasons such as training or a conference)

The first $250 of the cost is usually non-deductible.

Unless your claim includes depreciation or repairs, the ATO says that...

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Related topics : tax return claim expenses / tax return fees deductible / tax return deductions without receipts / tax return deductions / tax return claim rent

Free Tax Refund Calculator | Tax Today

Estimate how big your refund will be with our easy-to-use, free income tax calculator.

This up to date tax calculator applies to the last financial year ending on 30 June. This should be for your current tax return that is due.

Be mindful, it is only an estimate, but does...

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How HECS Tax Withholding Works - Aston Accountants

When an employer takes extra tax from your wages for your HELP/HECS debt, it's not kept separate from your normal PAYG withholding tax, it just increases the amount of PAYG Withholding that has been deducted.

At the end of the financial year, when you lodge your tax return, the ATO will work out if you need to pay off some of your HELP/HECS amount and, if so, will add this to the tax you have to...

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Related topics : employer withholding tax / ato tax return / tax return help / lodge tax return / employer tax return form

‘We will take strong action’: ATO outlines cryptocurrency ...

The tax treatment of cryptocurrencies, bitcoin in particular, is an ongoing source of confusion for advised and non-advised taxpayers.

However, this is unlikely to be a suitable defence for non-compliance at tax time 2018, particularly where taxpayers have not tried to engage with the ATO to understand and meet their obligations.

"Where people attempt to deliberately avoid these obligations we...

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Date: 2018-04-05 22:47:37

Related topics : ato capital gains tax bitcoin / ato capital gains tax rate / ato capital gains tax / ato tax return / accountant tax return

Home - US Tax

Welcome to USTaxCentral Australia

USTaxCentral Australia provides professional cross border tax solutions between the US and Australia for businesses, U.S. expatriates living abroad and U.S. property investors.

Tax law is complex. USTaxCentral Australia is an�cross border tax firm dealing with�issues between the U.S. and Australia. We assist businesses and individuals understand their tax...

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Related topics : international tax return australia / australian tax return / australia tax return / tax return preparation services / find tax returns for a business

Something every Kiwi in Australia needs to know | Beyond ...

I've sometimes thought that perhaps Australia needs to make a few things right with our trans-Tasman cousins.

I'm sorry about the underarm incident. It's embarrassing to think that we'd resort to cheating like that. And sorry that our recent cricketers show such embarrassing sportsmanship.

Also, sorry for all those predictable sheep jokes, and for trying to get you to say "fish and chips".


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How to Find Your Australian Tax File Number | E-Lodge

How to Find Your Australian Tax File Number

Posted by Tax Advisor on 28 July, 2012

Last modified: 6 October, 2016

Lost your Australian TFN? ...You're not alone.

A tax file number (TFN) is a unique number issued to you by the ATO that helps them keep track of your Australian tax return and government payments. You only get one TFN for your entire life, even if your name or residency changes, so...

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How To Claim Your Car Expenses - Etax online tax return

The Car Logbook Method

The Car Logbook Method is a good way to track your car expenses and claim them on your tax return (to increase your tax refund)

Keeping track of business-related car use with a logbook is not so hard, and it could really add up and boost your next tax refund. Admittedly, the car logbook method is a bit of a nuisance, but after you do it carefully for 12 weeks, you should be...

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Related topics : car expenses tax return / tax return claim expenses / car tax return calculator / car tax return / car tax calculator

Ato Tax Rates for income tax in Australia�is a quick reference for ATO income�tax rates and related�information

Popular topics and quick links

'Super contributions 2017-18'

Substantial changes in the superannuation concessions apply from 1 July 2017. See Super contribution limits 2017-18 �


Depreciation categories, rates and calculations. See Depreciation �

'FBT exemptions and concessions'


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Related topics : income tax rate calculator australia / free tax return preparation for low income / income tax rate calculator / free income tax return preparation / free income tax return calculator

Solved: Early tax return - ATO Community

2 weeks ago - last edited 2 weeks ago

Views 47

Replies 2

Can someone help?

I recently left Australia permanently for the U.K as my visa expired. After over 4 years in Aus, I had no problems with tax and as it was very straight forward. Literally putting the figures from my PAYG summary into mygov. In late Feb I applied for 2017/18 tax via paper return as the website didn't have the option that early. I have checked mygov recently and it has updated my address which I sent on the paper form, so I know it has been recieved by them. The...

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Related topics : ato tax return / tax return 2017 / no tax return / late income tax return / tax late return Adjusted Taxable Income | Child Support Guide

If an application for post separation income ( 2.5.2 ) to be excluded from a parent's adjusted taxable income has been accepted then the parent's adjusted taxable income will be the amount determined by the Registrar.

Act reference: CSA Act section 43 Working out parent's adjusted taxable income

Taxable income for the last relevant year of income

Generally, a parent's taxable income is the amount...

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Date: 2018-04-05 20:42:05

Related topics : income tax assessment act 1997 and 1936 / income tax assessment act 1997 australia / tax return guide other taxable income / income tax assessment act 1997 / tax income act

Tax Deductions For Uber Drivers & Rideshare Drivers ...

As tax time rolls around again, Uber drivers and rideshare drivers across Australia will�be looking to maximise their tax deductions. This article explains�the different options for claiming your vehicle expenses, how to keep a logbook, as well as a range of other potential tax deductions for rideshare drivers.

Motor Vehicle Expenses

There are two different methods available for claiming...

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Superannuation – Let's Fix the Australia/US Tax Treaty!

There is much uncertainty in the "correct" way to include superannuation on a US tax return. This uncertainty affects not only US citizens and green-card holders living in Australia, but also any Australian citizen or permanent resident currently living in the US who accumulated Superannuation when resident in Australia. The current Australia/US Tax Treaty does not even mention superannuation....

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How Sars might tax your bitcoin transactions - TechCentral

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South Africa has no specific laws or regulations that deal with the use of cryptocurrencies like bitcoin. It follows that, to date, there aren't any court rulings or directives that focus on the tax treatment of bitcoin-related transactions. However, the South African Revenue Service (Sars) has voiced plans to release guidance on what the tax...

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Learn About Franking Credits

What are Franking Credits?

Franking Credits also known as Imputation Credits are a type of tax credit that allows Australian Companies to pass on tax paid at the company level to shareholders.  The benefits are these franking credits can be used to reduce income tax paid on dividends or potentially be received as a tax refund. If you want to learn about Franking Credits you have come to the...

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Date: 2017-11-04 05:24:01

Join VicSuper!

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Find and combine

Have you lost track of any super accounts over the years, or do you have multiple accounts? We can use your TFN to search for any super you might have held by other funds or by the ATO.

Would you...

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Related topics : tax file number search ato / search my tax file number online / tax file number search / tax file number online / apply for tax file number

The nasty capital gains tax trap on business sales

The nasty capital gains tax trap on business sales

There's an unfair rule that means the ATO can tax you on money you've never even made.

By Adam Courtenay

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Very large text size

If you're lucky enough to have a strong buyer for your business - and the price is right - you're actually only halfway there. If the deal involves being paid an earn-out fee - whereby the full price will...

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Related topics : capital gains tax house sale / capital gains tax sale / pay capital gains tax / ato capital gains tax / capital gains tax rules

Tax Law - WWLP

Foreign-source Income�

Under Australian taxation laws, a resident of Australia is liable, subject to exceptions and exemptions, to Australian income tax on their worldwide income or income from a foreign source.�

If an Australian resident receives income or other taxable amounts from a foreign source in or outside Australia, they are required at the end of each financial year to declare in...

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Related topics : individual income tax return / tax credit pension income amount / resident income tax return / capital gains tax income / return on income tax

TA 2015/1 - Dividend stripping arrangements involving the ...

TA 2015/1

Dividend stripping arrangements involving the transfer of private company shares to a self-managed superannuation fund

The Commissioner's views on the application of section 177E of the Income Tax Assessment Act 1936 (ITAA 1936) are contained in Taxation Ruling IT 2627 and Taxation Determination TD 95/37 .

The Commissioner's view on the operation of the imputation system and section...

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MyGov - - On the web


posted 2014-Jul-1, 8:21 pm AEST

1 July came and... with deep sadness I discovered that every online-aware Australian taxpayer is now forced to create a account in order to be able to submit their tax return online.

I already had zero trust in the security and privacy promises of myGov.

The only service I was using it for was Medicare and I was lucky to have created...

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Related topics : online tax return australian government / get tax return online / online service tax return / 2014 tax return online / complete tax return online login

Calculating Capital Gains Tax (CGT) On Shares - Savings Guide

Calculating Capital Gains Tax (CGT) On Shares

March 21, 2014

by Kayla Wilson Leave a Comment

Learn how to calculate the tax you will pay when you sell your shares

When you invest in shares, it helps to have a general understanding of some of the tax implications this particular investment type may bring upon your finances.

The most common tax implication when investing in shares is calculating...

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Related topics : tax calculator long term capital gains / investment capital gains tax calculator / capital gains tax shares / pay capital gains tax / calculating capital gains tax

Two Tax Tips All 457 Visa Holders Should Know!

457 Visa Blog  »  Two Tax Tips All 457 Visa Holders Should Know

Two Tax Tips All 457 Visa Holders Should Know

Subclass 457 visa holders can gain some key tax benefits during their stay in Australia from a relatively recent government regulation change, which means they are not taxed for any overseas earnings as well as their LAFHA benefits (Living Away from Home Allowance).  This article...

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Related topics : how much tax should i pay / tax should i pay / international tax return australia / income tax return business expenses / file income tax return uk