Depreciation for Investment Properties in Australia
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
31/01/2025
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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
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
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
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
The journey of a sole trader in Australia offers unparalleled flexibility and control over your career. However, staying on top of tax obligations is essential to maintain financial health and
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
When operating as a sole trader in Australia, having an ABN (Australian Business Number) is essential for handling tax obligations. ABN tax calculation can seem complex, but with the right
Managing rental properties in Australia can be an overwhelming task, especially when it comes to keeping track of income, expenses, and tax obligations. That’s where rental property accounting software comes
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
Navigating the complexities of tax obligations can be challenging for sole traders in Australia. With numerous tax apps on the market, finding the best one that suits your needs is
Every end of financial year, Australians eagerly await a potential tax refund, yet billions of dollars in unclaimed expenses remain on the table. A tax app could be the key
Managing property investments in Australia has evolved significantly, with a plethora of property portfolio apps designed to simplify every aspect of property management. Whether you’re a seasoned investor or just
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
Understanding the powers of the Australian Taxation Office (ATO) in accessing bank account information is crucial for anyone who pays tax in Australia. This article delves into the circumstances under
Capital Gains Tax (CGT) can often be a source of confusion for many taxpayers. With various misconceptions surrounding CGT, it’s important to separate fact from fiction. In this blog, we debunk 10 common myths about Capital Gains Tax and provide clarity on this crucial aspect of taxation.
Explore the impact of Airbnb on property rental in Australia and master the essentials of tax for short-term rentals with TaxTank. Optimise your earnings seamlessly.
Navigating the tax landscape as an Uber driver doesn’t have to be daunting. In this comprehensive guide, we’ll walk you through everything you need to know about managing tax for Uber drivers in Australia.
Are you one of the many people who have missed the tax deadline and are now facing overdue tax returns? Don’t worry, you’re not alone. Many individuals fail to lodge
Investing in real estate has always been a popular strategy for Australians to build wealth. Two key concepts that play a significant role in property investment are Capital Gains Tax
In this article, we will provide you with a comprehensive guide on sole trader expenses in Australia, aimed at helping you manage your finances better, reduce your tax bill, and
In today’s fast-paced world, financial stress is an increasing concern within the workforce, impacting both employees and employers across Australia. A survey by Financial Mindfulness found that financial stress affects
Navigating a divorce can be a challenging experience, especially when it comes to understanding the financial implications. Among these, the impact of Capital Gains Tax (CGT) is often overlooked or misunderstood. In this blog, we uncover five lesser-known aspects of how CGT applies in the context of divorce.
As a savvy property investor, you need more than just great instincts and perfect timing—you need the right tools at your disposal. In this guide, we’ll dive into the best
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