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Think October 31st is your tax deadline? Not always! If you lodge your own return, yes, October 31 is usually the cut-off. But if you go through a registered tax agent, you might have a much later deadline. When is the last day to do a tax return to avoid late penalties and stay on…
Tax season is upon us! Are there legitimate ways you can save money on your tax bill this year? There could be! Smart tax planning isn’t about finding loopholes; it’s about knowing how to make the most of the ATO rules that apply to you. If you want to know how to save on tax…
According to the ATO’s Commissioner of Taxation 2023-24 Annual Report, Australia’s collectable tax debt totalled $52.8 billion by June 30, 2024. It’s estimated that as much as $35 billion of that debt is owed by small and medium-sized enterprises (SMEs). Are you one of them? From July 1, 2025, the ATO is stepping up its…
When you’re buying, selling, or managing property, you have to deal with a lot of numbers. One set of numbers that often causes confusion is disbursements. These aren’t hidden fees or surprise costs. They’re a normal part of the property transaction process. But if you don’t know what they are, you could end up disputing…
Sick of watching your rental income get chewed up by tax? Of course you are, because you didn’t invest in property just to hand over a chunk of your returns to the ATO! Knowing how to cut your tax bill—legally, of course!—can make a big difference. We’ve compiled this guide for Australian individuals, trusts, and…
An investment property can help build serious wealth, but if you don’t manage the tax side properly, you could end up handing over more cash to the ATO than you need to. If you’re confused about how much tax you’ll pay on your investment property, you’re not alone. From rental income to capital gains tax,…
If you’re off work with an injury and receiving workers’ compensation, you might worry about whether your superannuation is still growing while you’re focusing on getting better. It’s a common point of confusion. Employees often don’t know what they’re entitled to, and many employers are unsure of their obligations. This guide is for both employees…
Running a small or medium-sized enterprise (SME) comes with big opportunities…and big challenges, too! You’ve got the vision, the drive, and the market demand. But when it comes to cash flow, things may not always add up the way you’d like. Maybe you need funding to expand, invest in equipment, or cover unexpected costs. That’s…
Think you’re getting the most out of your business assets? If you’re not using depreciation, you could be leaving money on the table—and the tax office certainly won’t send it back! Depreciation is a powerful tool that reduces your business’s taxable income and boosts its bottom line. What is depreciation, and how can it help…
Thinking of selling an investment or business property? Between finding the right buyer and sorting out paperwork, who wants to worry about getting hit with an unexpected tax bill? Knowing when to pay Capital Gains Tax on property means avoiding nasty surprises, keeping the tax office happy, and—most importantly—pocketing more of your well-deserved profit from…