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.
If you’ve opened a news app lately, you’d be forgiven for thinking Capital Gains Tax (CGT) is either: Depending on which headline you read before coffee. No wonder people are
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
For years, the standard advice has been simple. Use a self employed accounting software for business. Use a budgeting tool for personal finances. Keep everything separate. That thinking is so
The moment most property owners miss (And why tracking LVR and equity as goals matters in 2026) For most property owners, the biggest opportunities don’t announce themselves. They arrive quietly.
Most people don’t have a single financial identity. There’s the personal you.There’s you as a sole trader.There’s you with properties, but in a trust, SMSF or company.And sometimes there’s you,
When it comes to budgeting tips, most people know they should have a plan, but few actually stick with it. Budgets can feel like boring spreadsheets, strict rules, or something
Managing your finances effectively is essential for achieving long-term financial stability. TaxTank is emerging as the premier budget planner in Australia, offering a comprehensive solution for individuals, families, and sole
Managing personal money management in Australia has never been more important. With rising living costs, shifting tax rules and increasingly complex financial lives, Australians need a tool that provides clarity,
When it comes to property investment, the tax benefits are seemingly endless! This is because the Australian government wants to reward people who invest in real estate, and it makes
If you want to afford your first investment property this blog outlines the boxes you need to tick to ensure you are on the right track.
Investing in property can be a powerful path to financial freedom, but it comes with risks. For property investors, understanding property investor tax rules and managing your finances properly is
A Gold Coast startup, has officially launched a new tax software to change the way taxpayers monitor, manage and control their tax obligations.
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.
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.
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.
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!
Capital gains tax (CGT) is one of the many important factors that a property investor must take into account when making big investment decisions.
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!
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.
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.
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.
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.
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.
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.
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 QuickBooks and TaxTank to see who the two different tax help platforms compare, in terms of price, functionality, as well as special features.
We all know that paying taxes is one of the certainties of life. For many it is a dreaded once-a-year event full of confusion and hassle. For others, they see the need to get prepared prior and look for ways they can minimize the amount of tax they have to pay, before the EOFY. If you want to keep more of your hard-earned money in your pocket, preparing early is a sure-fire way of maximising your tax return.
Getting a great tax return can help you reach your financial goals faster. Whether it’s an overseas holiday or paying down some debt, your tax return can be used for a variety of life-affirming purposes. Think of it as a form of forced savings. In 2021, Australian taxpayers received an average tax refund of $2490 – not a bad incentive to make the most of tax time!
Property investors aren’t always aware of the full gamut of investment property deductions that they are entitled to. In this blog post, we will discuss some of the most common investment property deductions and how you can take advantage of them.
New research from cloud-based tax software TaxTank reveals that 50% of Gen X’s, 40% of Millennials, and 30% of Baby Boomers intend on claiming work-from-home (WFH) expenses this tax year.
The findings coincide with a recent statement from the ATO saying it would scrutinise WFH expenses this tax year with millions of Australians having pivoted to remote and hybrid work environments due to COVID-19.
To sign up to receive our tax tips and tricks into your inbox, please complete the form below.
