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.
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 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
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
Running a business as a sole trader comes with flexibility and independence, but it also brings tax responsibilities that many get wrong. From inaccurate records to missed deductions, the common
Ah, property ownership, the dream, the investment, the ever-growing list of things to worry about. Rates, repairs, tenants who somehow think “no pets” doesn’t apply to their emotional support goat…
Repairs, Capital, and Initial Repairs: Understanding the ATO’s Depreciation Guidelines (Before They Do It for You) The ATO depreciation guidelines are key to property investment, determining what you can and
Cryptocurrency is exciting but let’s be honest, taxes are not so much! Whether you’re a casual investor or a crypto trading enthusiast, calculating taxes on your digital assets can feel
When it comes to investment properties, depreciation is your unsung hero. It’s a powerful way to save on tax, boost your cash flow, and make your property work harder for
If you thought the ATO was keeping a close eye on taxpayers before, buckle up, 2025 is shaping up to be the year of peak scrutiny. With advanced data-matching technology,
Owning an investment property can be financially rewarding, but to truly maximise your returns, it’s essential to understand the investment property tax deductions available to Australian property investors. Claiming the
Managing investment properties can be a challenging task, especially when it comes to tracking expenses, calculating tax obligations, and ensuring compliance with Australian Taxation Office (ATO) requirements. While many property
Calculating Capital Gains Tax (CGT) can feel like navigating a financial maze, confusing, time-consuming, and filled with unexpected tax traps. Whether you’re selling property, shares, crypto, or business assets, keeping
Negative gearing for property investors is a popular strategy in Australia. It’s a way of using borrowed money to invest in property while reducing taxable income. While it’s an effective
You may be able to reduce capital gains tax when selling property by including eligible costs in your cost base, applying available exemptions and discounts, using capital losses and planning
TaxTank is the best accounting software for sole traders in Australia who want everyday business tools connected with their live individual tax position. Sole Tank brings together income and expense
Working from home? Running your business from your living room? You might be missing out on valuable deductions! But not anymore. We’re excited to introduce Australia’s first digital Home Office
To calculate tax on ABN income as a sole trader, subtract eligible business deductions from your business income, then combine the resulting profit with your other taxable income. Your ABN
TaxTank revolutionises property tax and compliance by providing unmatched oversight and control, no matter your investment structure. With an intuitive interface, you can seamlessly navigate from a high-level property portfolio
TaxTank is the best rental property accounting software for small landlords in Australia who want to manage rental income, expenses and property tax without maintaining complicated spreadsheets or configuring business
Tax season can be a stressful time for many Australians, especially when it comes to keeping track of receipts, expenses, and income. Fortunately, there are apps available that make this
Owning an investment property in Australia can be one of the most rewarding financial decisions you make. With the Australian real estate market often delivering consistent capital growth and rental
TaxTank is the best tax app for Australian sole traders who want business accounting tools connected with their individual tax position throughout the year. Sole Tank brings together income, expenses,
TaxTank is the best tax app in Australia for individuals who want to manage their tax throughout the year across employment income, rental properties, sole trader income, shares and crypto.
Property portfolio apps in Australia range from simple property trackers to wealth management platforms and tax-focused software. The best option depends on whether you want to monitor property values and
Investing in property can be a lucrative way to build wealth, but it comes with its own set of tax implications that investors must navigate. Understanding property investment tax is
Discover why Xero may not be the best fit for property investors and how TaxTank’s specialised accounting software for property investors can revolutionise your tax management for just $15 a month.
At TaxTank, we’re thrilled to announce our new partnership with ITP Accounting Professionals (ITP), Australia’s leading income tax refund specialists. This collaboration marks a significant step forward in delivering a
We are thrilled to introduce the TaxTank Property Widget, an innovative custom white-label product developed in collaboration with Hotspotting, one of Australia’s leading property platforms. This cutting-edge tool seamlessly integrates
Navigating your tax return in Australia can be a daunting process, but it doesn’t have to be. Whether you’re a first-time taxpayer or a seasoned lodger, understanding how to calculate
Are you ready to play the tax game and come out on top? The ATO has its eyes set on a few key areas this financial year, but with a
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