Owning a rental property can be a great way to build wealth, but it also comes with a range of tax responsibilities. As a landlord, understanding what you can and can’t claim as a deduction is key to maximising your return while staying on the right side of the ATO. The Australian Taxation Office (ATO)…
As a business owner, staying on top of your tax obligations is essential, not just at tax time but throughout the financial year. One of the key systems the ATO uses to help businesses manage their income tax is Pay As You Go (PAYG) instalments. If your business earns income outside of salary and wages—such…
If you’re aged 55 or over and considering selling your family home, you may have a unique opportunity to boost your superannuation through what’s known as a downsizer contribution. This measure aims to provide greater flexibility in retirement planning while encouraging better use of housing stock across the country. Here’s what you need to know…
As the 2025-26 financial year kicks off and the 2024-25 ends, it heralds the start of another tax season of receipt-chasing, deductions and paperwork. Whether you’re lodging your return early or waiting until the October deadline, understanding what you can legally claim as a tax deduction can make a real difference to your refund or…
The start of a new financial year presents the perfect opportunity to reset, refocus, and set your business up for success. As your accountant, we recommend treating 1 July not just as a date on the calendar, but as a strategic launchpad for the year ahead. Here’s how to make the most of it: 1.…