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.
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.
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.
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.
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!
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.
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.
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.
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.
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.
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.
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.
We’ve put together a comparison of Zoho and TaxTank to see who the two different tax help platforms compare, in terms of price, functionality, as well as special features.
We’ve put together a comparison of MYOB and TaxTank to see who the two different tax help platforms compare, in terms of price, functionality, as well as special features.
From 30 June 2023, the QLD Government intend to calculate land tax on the total value of your Australian land. This includes your taxable land in Queensland and any land located in another state or territory.
Congratulations! You’ve just sold your house for a tidy profit. Now what? Depending on how long you’ve owned the property, and how you’ve used it, you may be liable for capital gains tax (CGT). Don’t worry – we’re here to help. In this article, we’ll break down everything you need to know about CGT, including how to calculate it and what exemptions may apply. Let’s get started!
The best tax software can help you keep track of your deductions and make sure you’re taking advantage of all the deductions you’re entitled to. This can save you a lot of money come tax time. It can also help you keep track of your tax records so you don’t miss any important deadlines.
Many people running their own Sole Trader businesses in Australia are still unsure about whether or not to register for GST. You may be worried that by adding 10% to your prices as a GST-registered business, you will turn off some potential customers. And then there is also the quarterly Business Activity Statement (BAS) to worry about, not to mention the potential for penalties if you fail to get it right. If this sounds like you, then read on for some advice about when to register for GST and some tips on how to make the process simple.
These days it seems like every person and their animal is working on a side hustle. Some are successful, some aren’t – but what exactly is a side hustle? Well, it’s just an additional income stream that complements your full-time day job or isn’t necessarily related to it at all. These extra funds can help pay off debt quicker or save up for vacation faster.
When the time comes for sole traders to decide whether or not to pursue becoming a company, there are a series of critical factors that need to be weighed up.
If you’re a sole trader in Australia, who is making pay as you go (PAYG) instalments for the first time, you probably have a lot of questions. Luckily, in this blog post, we’re going to be explaining everything you need to know about PAYG for sole traders.
Cryptocurrency, or more commonly known as Crypto, has become a buzzword in recent years, with more and more people investing in it as an alternative asset. However, with this new type of asset comes tax regulations that need to be followed. The Australian Taxation Office (ATO) has established a set of rules and regulations for Crypto taxation. In this blog post, we will explore the key aspects of Crypto tax in Australia.
There are a few avenues to explore when it comes to getting help to lodge your tax return online yourself. Sure, you could go down the path of totally winging it and lodge your MyTax tax return without help and hope for the best; however, this method provides no guarantee that you’ll get the best tax outcome or avoid an ATO audit.
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…
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.
If just the thought of tax time makes your stress levels rise, you are not alone according to new research conducted by cloud-based tax software, TaxTank.
The recent survey of 1000 Australian taxpayers revealed more than half (56%) find tax time stressful with missed deductions the leading cause of stress ahead of not knowing if they will receive a tax refund or bill and making a mistake.
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
Selling a property is exciting, but the mention of Capital Gains Tax (CGT) can dampen the mood. This tax, which applies to the profit made from selling certain assets, can
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