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.
Are you a property investor who is looking to get the most out of your tax return? If so, you may be missing out on some key deductions. In this blog post, we will discuss some of the most commonly missed deductions for property investors.
We’ve put together a comparison of myprosperity and TaxTank to see who the two different tax help platforms compare, in terms of price, functionality, as well as special features.
Are you throwing money in the bin? This is potentially what is happening when you rely on the old school method of stuffing tax receipts into a shoebox. Ultimately, those paper tax receipts can become illegible and go missing. The good news is that it doesn’t have to be this way.
Capital gains tax has a way of hitting property sellers like a bolt from the blue when it comes time to sell their cherished investment property. Indeed, CGT often feels like an unjust attack on your profits. Nevertheless, knowing how capital gains tax is calculated, and how to reduce the potential amount of CGT when selling your investment property, might just leave you with a bigger grin on your face and a larger portion of your capital gains.
New research reveals that over half of Australians (56%) are worried and fearful when it comes to lodging their tax returns with missed deductions, not knowing whether to expect a tax refund or bill, and making a mistake being flagged as the leading causes.
Tax time is nearly here and the stress levels are mounting for ordinary Australians who want a fast and accurate way to lodge their tax return. And not just any old tax return but one that ensures you claim every possible deduction to which you are entitled.
Preparing a tax return can mean very different things to different people. For some, it spells doom and gloom. A worrying time of year where missed deductions, lost receipts, and uncertainty means they end up paying more tax than they need to, or worse.
You’ve read it in the news. You’ve heard people talking about it. Those in the know urge you not to dismiss it. Being the subject of an ATO audit is not to be dismissed as a trivial matter. It can and does happen.
This year, the ATO is focusing on two specific areas in relation to car claims. The first is ensuring that taxpayers are only claiming the work-related portion of their car expenses. The second is making sure that taxpayers are not claiming private expenses as work-related expenses.
Australians plan to save their tax returns this year despite not knowing nor actively planning to maximise what they receive, according to TaxTank
New research from cloud-based tax software TaxTank reveals over half (56%) of Australians find tax time stressful, with the notion of missed deductions causing the greatest degree of anxiety.
When it comes to tax time, only around one in four Aussies choose to lodge their own tax return. Because the ATO receives around 10 million tax returns every year, that means 7.5 million people don’t trust their own ability when it comes to lodging the best tax return possible.
If you use your car for both work and private purposes, you can only claim the percentage of car expenses that relate to work. For example, if you travel 100 km in a day and 50 km of that is for work, you can only claim 50% of your car expenses.
A Gold Coast tax accountant is saving Australians time, stress and money at tax time with a new low-cost, easy to use tech software, TaxTank.
The cloud-based Software-as-a-Service (SaaS) platform transforms tax management and the end of year tax return into an automated, stress free process to help individual taxpayers claim their fair share of the billions refunded each year.
The Federal Government’s $8.6 billion cost of living package was the centerpiece of this year’s 2022 Federal Budget address. From temporary cuts of the fuel excise, to an expansion of the low and middle-income tax offset, the package contains various support measures aimed at easing rapidly rising cost of living expenses and business input costs.
Many Australians miss out on tax deductions every year, simply because they are unaware of the possibilities. This is understandable because some of the potential deductions you can claim are actually pretty random and out there!
Capital gains tax (CGT) is one of the many important factors that a property investor must take into account when making big investment decisions.
Becoming tax confident is the key to making your property portfolio work harder for you, so here are 7 tips for property investors to make your life easier when it comes to property tax!
Property investment can bring great financial rewards, but having tenants live in your property is also very risky business. Rental insurance is an important part of owning a rental property because it safeguards you and your property manager against financial risks.
Most people remain unaware of their financial position and wait until the end of the financial year to start thinking about their tax return, which gives the ATO a really unfair advantage. Here’s how to beat the ATO at their own game.
A successful property portfolio doesn’t happen overnight, but with a great plan, a solid strategy and ongoing review of your circumstances, your property portfolio can secure your financial freedom. Here are our 5 steps to building a successful property portfolio!
Do you know how much tax you’ll pay this year? Would you like to pay less tax?
Tax is not fun, it’s not fair and it’s far from easy. Well it was anyway.. but we’re going to change all of that with one simple software solution, TaxTank.
Housing affordability continues to be a hot topic and the often-raised suggestion of replacing stamp duty on the sale of a property with a universal land tax is back on the table.
Australians are all about fairness and unfortunately the numbers suggest our system is far from fair. The problem is that most taxpayers don’t realise how the system works, how many taxes they actually pay nor the extent of their eroding privacy.
No two accounting firms are the same; they all have different business values, different goals, and different ideal clients. So how do you choose the accounting software that’s right for your firm? Fortunately, there are some must-have features that will boost business at any accounting firm regardless of size, clientele or budget.
Knowing which deductions you can claim each financial year is the key to maximising the profits from your investment property. If you’re feeling confused and overwhelmed because your rental properties aren’t performing as predicted, then it’s likely you’ve been missing out on some important deductions!
Delivering exceptional service to your individual clients is difficult because they tend to pass through but once a year… However, exception service is the foundation for long-term growth and profitability for accounting firms so we all need to get better or risk losing more and more clients to the ATO’s MyTax.
In 2019, 90% of companies were on the cloud. By 2021, it’s predicted that 94% of workloads will be processed by cloud data centres. It’s a big buzzword with even bigger
A Gold Coast startup has officially launched a new tax software to give accounting firms access to powerful tax tools that will transform the way they work and stem the loss of clients to the ATO’s automation tools.
A Gold Coast startup, has officially launched a new tax software to change the way taxpayers monitor, manage and control their tax obligations.
Do you just want someone to be your tax guide; a trusted resource and a problem solver who’s always got your back? Most people see accounting as a stressful and
Tax Tips and Tricks
Subscribe to receive regular tax tips and tricks so you’re confident you’re paying the least amount of tax possible.
TaxTank Pty Ltd ABN 43 633 617 615 is not a registered tax agent, a registered Business Activity Statement agent or a registered tax (financial) adviser as defined under the Tax Agent Services Act 2009. Any advice provided on the TaxTank platform (including this website) is only of a general nature and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. *All TaxTank Subscriptions are paid for on an annual basis.
Copyright © 2026 TaxTank | All Rights Reserved.
To sign up to receive our tax tips and tricks into your inbox, please complete the form below.
