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.
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
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
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
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
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
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
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
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know you should have… but it’s often buried in the too-hard basket – tangled in red tape, hidden brokerage fees, and outdated policies sitting
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
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
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
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
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 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
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
Tax season is in full swing, and the ATO isn’t taking its foot off the pedal. Every year, millions of tax returns are reviewed, and a significant number end up being
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
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
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,
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
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
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
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 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
Working from home has its perks—flexible hours, no commute, and an endless supply of coffee. But when it comes to tax time, the ATO isn’t making it easy for you
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
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