Tuesday, May 5, 2026
Will the proposed $1,000 instant tax deduction benefit you? The Federal Government has released draft legislation for a new “instant” standard tax deduction that would allow eligible taxpayers to claim work-related expenses at tax time without receipts. This would replace the current $300 no-receipt immediate deduction limit. However, this is still just a proposal. The […]
Read More >Monday, March 23, 2026
Investment properties: tax return errors that trigger ATO follow-up Owning an investment property can be tax-effective, but it’s also one of the ATO’s most closely monitored areas. Here are five errors that most often trigger ATO follow-up, and the related issues to keep in mind. Over-claiming repairs that should be capital works Repairs and maintenance […]
Read More >Tuesday, December 23, 2025
Heading overseas? Centrelink and the ATO might need to know If you’re planning an overseas holiday, especially if you currently receive Centrelink or other government payments, a little prep will help you enjoy your trip without payment surprises or tax headaches. Different government payments have their own rules about whether, and for how long, they’re […]
Read More >Friday, October 3, 2025
Make managing your tax less intimidating with the ATO’s free tools and services If you’ve ever felt unsure about doing your tax online – or you’re helping someone who is – there are safe, simple ways to learn how it all works. The ATO offers practical tools to help you explore myTax and ATO online […]
Read More >Wednesday, September 10, 2025
HECS/HELP debt reduction Bill introduced On 23 July, the Labor government introduced legislation aimed at enacting its election promise to reduce student debt by 20%. The Bill proposes to: • provide a one-off 20% reduction to Higher Education Loan Program (HELP) debts and certain other student loans that are incurred on or before 1 June […]
Read More >Wednesday, June 25, 2025
Tax and your child’s money: what parents need to know As a parent or guardian, it’s essential to understand how tax applies to your child’s money. If your child has a savings account or receives other income, you need to know how to help them manage their finances and meet their tax obligations. Tax can […]
Read More >Wednesday, May 21, 2025
Upskilling? You may be able to claim your self-education expenses If you’ve thought about upskilling or undertaking professional development this year, you may be able to claim some of your self-education expenses in your 2024–2025 income tax return. You incur self-education expenses when you: take courses at an educational institution (even if you don’t gain […]
Read More >Thursday, April 10, 2025
ASIC warns of scammers impersonating Bunnings with fake investment bonds If you’ve spotted what looks like an amazing investment opportunity from Bunnings recently, beware! The Australian Securities and Investments Commission (ASIC) has issued an urgent warning about scammers impersonating the retailer to promote fake “sustainability investment bonds”. These scammers claim that the investments will have […]
Read More >Thursday, December 5, 2024
Understanding the Australian Government’s plan for cash and cheques As digital payments become increasingly prevalent, the Federal Government has announced it’s taking significant steps to modernise the nation’s payment system while working to ensure that no one’s left behind. This involves maintaining the use of cash for essential transactions and phasing out cheques in a […]
Read More >Wednesday, October 2, 2024
Tax consequences of sharing your home Homeowners can share their homes in a range of ways – you might have an agreement to rent out a room, offer short stays through a platform like Airbnb, accept money from a friend who sometimes needs a bed, or receive board payments from family members. Some of these […]
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