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  • Todd Zani

#TaxTipTuesday - Top 5 Tax Tips for 2018

Last week via our e-newsletter we outlined some of the more common tax deductions and provided you with detailed guides on what you could and could not claim in your 2018 return. This week we are going to highlight 5 simple ways of paying less tax!


1. Use a Registered Agent


Over 74% of all Australian tax returns are lodged with with the ATO by a registered tax agent.

A registered agent is required to keep up to date with all the changes in tax legislation and every tax agent has a unique registration number and you can check that they are registered via the ATO website. 

Most agents will have an interview sheet or checklist for you to complete like the one below to help maximise your refund

Over 74% of all Australian tax returns are lodged with with the ATO by a registered tax agent.

2. Keep Good Records


You should try to keep a track of all of your receipts.  Whether it be putting them in a box, filofax or using the Ezetax Portal  (photographing the receipt and loading it up in the app), take the time each day to file your receipts.  It will make tax time much easier!


3. Private Health Insurance to avoid the Medicare Surcharge


If you earn more than $90,000 a year as an individual or over $180,000 as a family and don't have private health insurance you will pay 1% extra tax on your income as a surcharge on the Medicare Levy.  This can really add up and in some instances may be more than the premiums to have the insurance in the first place!


Read the remainder of our 5 top tax tips here.


If you need assistance to lodge your 2018 return phone Ezetax on 08 9249 7422 or book a tax return preparation session either in the office or online with one our Team by booking a session here - www.ezetax.com.au.

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