Tax News and Updates
Stay updated with the latest tax news, expert tips, and tricks to maximise your returns. Explore our blog for insights on tax strategies, property investment, and more.
Sole Trader? Here’s Why You Need to Think about a Separate Business Bank Account
Picture this: it’s June. You’re at the kitchen table, laptop open, drowning in a sea of bank statements. Somewhere between your Bunnings runs, client payments, transfers to other personal accounts,
How Smarter Property Management Can Help Maximise Rental Returns and Minimise Risk
As a landlord in today’s dynamic market, you’re constantly balancing the books. Your goal is to maximise returns on your investment while navigating an increasingly complex landscape of tax compliance,
Life Insurance for Property Investors: Protecting Your Bricks, Mortar & Peace of Mind
Property investment is a great way to build long-term wealth in Australia, but even the smartest portfolio can come unstuck without a solid safety net. Whether you’ve got one rental
TaxTank Wins WeMoney’s Most Innovative Tax Platform 2025
We’re excited to announce that TaxTank has been named The Most Innovative Tax Platform 2025 by WeMoney. It’s recognition we’re proud of because it confirms what our customers already know:
The No. 1 Rental Property Accounting Software in Australia
Managing a rental property portfolio can be financially rewarding, but without the right tools it can quickly become a bookkeeping headache. Tracking rent, expenses, depreciation, capital gains, and tax deductions
Work-Related Deductions: How to Beat the ATO Benchmark Without Triggering an Audit
If you claim work-related deductions in Australia, the Australian Taxation Office (ATO) has you on its radar, even if you don’t realise it. One of their favourite tools is the
Best Tax Software in Australia 2025: Why TaxTank Leads for Individuals
When you’re choosing tax software in Australia, the right platform can mean the difference between a smooth, stress-free return and a last-minute scramble. In 2025, TaxTank proudly takes the crown
How to Avoid the Tax Mistakes 90% of Property Investors Make
In 2017 the ATO announced 9 out of 10 property investors make mistakes. Years later, the error rate hasn’t budged, says the ATO, but their AI’s appetite for your data
The Number 1 Alternative to Turbotax in Australia
If you’re searching for Turbotax in Australia, you might be hoping for an easy, stress-free way to do your tax return. But here’s the reality: Turbotax is not available in
Health Cover That Saves You from the ATO (and Your Wallet)
Let’s face it: the Medicare Levy Surcharge may not be Australia’s most inequitable tax… but it’s definitely in the top five. To break it down, you already pay 2% of your income via the Medicare
How Sole Traders and Side Hustlers Can Outsmart the ATO’s Compliance Bots
The ATO’s cranking up compliance for micro-hustlers, expecting you to run your business like a seasoned CEO, even though 40% of the 1.6 million sole traders are already juggling full-time
NobleOak + TaxTank: Cutting the Crap, Keeping the Cover
Life insurance is one of those things you know you should have… but it’s often buried in the too-hard basket – tangled in red tape, hidden brokerage fees, and outdated policies sitting
Choosing the Best Tax App for Your Situation
When it comes to doing your taxes, the right tax app can save you hours of time and help you claim every deduction you’re entitled to. But with so many
NobleOak + TaxTank: The Backup Plan Your Income Deserves
Picture this. You’ve got a solid income, a mortgage or two, maybe some shares, a growing super fund, and a pretty good handle on your tax (especially if you’re a
The Cost of Being Unprepared: Why Income Protection is More Important Than Ever
You’ve spent years building financial security, investing, planning, and making smart moves. Then, bam! Life throws a curveball, like that time you thought you could still do a backflip at
The Life Insurance Trap: Are You Overpaying Without Even Realising It?
For years, getting life insurance meant long forms, complicated medical exams, endless waiting, and hidden costs buried in fine print. It was one of those ‘set and forget’ things, something
TaxTank’s Latest Features & Smarter Tax Tools in 2025
EOFY might be nearly over, but we’re just getting started. At TaxTank, we’ve spent the last few months fine-tuning, integrating, and launching features designed to give you more control, more
TaxTank Teams Up with MCG Quantity Surveyors: A Perfect Partnership for Savvy Property Investors
TaxTank is thrilled to announce our new partnership with MCG Quantity Surveyors, one of Australia’s leading quantity surveying firms. As a property investor, you already understand the importance of maximising
How to Easily Claim Work from Home Deductions in 2025 (and Maximise Your Tax Return)
Working from home can come with valuable tax deductions — if you know what you’re entitled to claim. With the ATO tightening up rules around work from home deductions, getting
ATO May Adjust Your Tax Return: The Top Two Reasons to Watch as EOFY Approaches
The ATO may adjust your tax return if it picks up any errors, omissions or inconsistencies — and with EOFY just around the corner, now’s the time to make sure
EOFY checklist: What share investors need to know
As the financial year comes to a close, this is your last opportunity to get on top of your share investments and understand what tax implications are — before it’s
Why the ATO Wants Tax Returns to Disappear — and What They’re Collecting About You
If you’re still thinking the ATO is just sitting back waiting for your tax return to roll in, it’s time for a reality check. Right now, they’re in the middle
How to Choose the Right Property Accountant in Australia (Hint: Software Is Key)
When it comes to managing investment properties, finding the right property accountant is as important as choosing the right property. With ever-changing ATO regulations, complex deductions, and increasing audit activity,
ATO’s Data-Matching DebtThreat Crackdown Sounds Alarm Bells. Learn What To Do If You Receive One.
The ATO’s latest data-matching crackdown on unreported rental income is causing confusion and frustration, with tax agents reporting that some taxpayers have been incorrectly targeted. In a bid to identify
The 2025 Australian Guide to Mastering Investment Property Accounting
Managing the financial side of an investment property can be tricky, but getting it right is essential for maximising returns and staying on the ATO’s good side. Whether you’re juggling
Lack of Transparency in Compliance Programs as ATO Secures $999 Million in Budget
The Federal Budget has delivered a significant financial boost to the Australian Taxation Office (ATO), allocating an additional $999 million to extend and expand tax compliance activities. While the funding
Investment Property Deductions Guide to Maximise Returns in 2025
Many property investors leave money on the table simply because they don’t fully understand investment property deductions. Without claiming eligible expenses, like depreciation, borrowing expenses, land tax, and maintenance costs,
The Truth Behind the ATO’s “9 out of 10 Property Investors Get It Wrong” Claim
The Australian Taxation Office (ATO) has long maintained that property investors are serial offenders when it comes to tax mistakes, claiming that “9 out of 10 property investors get it
Negative gearing myths every investor should know
Negative gearing is one of the most widely discussed investment strategies in Australia, especially among property investors. While it can offer significant tax advantages, many misconceptions surround its use and
Announcing the TaxTank and Sharesight Integration: Real-Time Tax Automation for Modern Investors
For too long, property investors have been sidelined and stuck with spreadsheets, manual tax calculations, and software that simply was not built for their unique needs. Now, with the ATO’s
