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.
Editor’s Note (July 2026): This article has been updated following the passage of the Federal Government’s negative gearing and capital gains tax legislation through Parliament. The reforms will apply from
As artificial intelligence becomes more popular, many Australians are asking the same question: Can ChatGPT do my tax return? It’s easy to see why. ChatGPT can answer questions, write emails,
Or Just Helping You Lodge It? Let’s start with the question almost every taxpayer has at tax time: “Am I claiming everything I’m entitled to?” It’s the big one. Property
The ATO’s updated holiday homes tax changes have introduced a new approach to claiming holiday home tax deductions. For many property owners, the question is no longer simply how many
And why the ATO doesn’t really want you thinking about tax and just clicking next instead. Tax planning isn’t about knowing every section of the Income Tax Assessment Act. It’s
The 2026 Federal Budget lands on 12 May and with it comes a range of Federal Budget expected tax changes that could directly impact how Australians manage their money, investments
The Government announced it with a straight face, so you have to respect the commitment. A $1000 standard tax deduction for work-related expenses. No receipts. No shoebox. No pretending that
If you’re a property investor in Australia, chances are you’ve outgrown spreadsheets. What starts as a simple way to track rental income and expenses can quickly become difficult to manage
Looking for the best Xero alternatives for sole traders in Australia? You’re not alone. Xero is one of the most popular accounting platforms in Australia, but many sole traders eventually
For many property investors, tax has traditionally been something that happens after the fact and with no real-time tax visibility. On the surface, that can feel organised. The problem is
Managing your investment property finances is no small task. Between tracking rental income, mortgage interest, depreciation, maintenance, and tax implications, it’s easy to lose clarity without the right property accounting
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.
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.
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.
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