Tax Tips and Tricks
Giving you the most up to date tax tips and tricks to ensure you are minimising your tax and maximising your deductions.
Understanding Property Investment Tax in Australia
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
Why Property Investors Should Use Specialised Accounting Software
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.
Revolutionising Tax Management: TaxTank Partners with ITP Accounting Professionals
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
TaxTank Property Widget Launches in Collaboration with Hotspotting
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
Maximise your Tax Return: Outsmart the ATO this Financial Year
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
Can the ATO Access Your Bank Account?
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
The 5 Best Tax Apps in Australia
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 to ensuring you claim the right amount and maximise your refund.
Gone are the days of drowning in paperwork and battling confusing tax forms. With the magical powers of the tax app, managing your finances becomes a breeze. Picture this: no more late-night stress sessions, no more headache-inducing calculations, just pure, unadulterated financial joy!
10 Common Myths About Capital Gains Tax
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.
Optimising Tax for Short-Term Rentals in Australia
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.
A Guide to Navigating Tax for Uber Drivers
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.
Get Current with Overdue Tax Returns Today
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
Understanding the Relationship between Capital Gains Tax and Negative Gearing
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
A comprehensive guide on sole trader expenses in Australia
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
The Cost of Financial Stress on the Workforce and the Game-Changing Role of Financial Wellness Tools
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
5 Things You Didn’t Know About Capital Gains Tax and Divorce
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.
Unveiling the Top 5 Property Portfolio Apps You Should Know About
As a savvy property investor, you need more than just a good sense of timing; you need the right tools at your disposal. In this article, we’ll dive into the
How to organise your financial records and receipts for tax time
Managing your financial records and receipts is an important aspect of running a business or personal finances. It is essential to have an organised record-keeping system to avoid any complications or a knock on the door from the ATO. In this article, we will guide you on how to organise your financial records and receipts so you can start the year off on the right foot and be ready well ahead of tax time this June.
A Comprehensive Guide to Tax Return Calculators
In this guide, we will explore the significance of tax return calculators and delve into advanced tools like TaxTank, which automates tax calculations and adds a layer of convenience to your tax and personal finance management.
Unlocking Employee Financial Well-being Benefits
Explore the significance of financial well-being in employee benefits, its benefits for both individuals and organisations, and strategies for achieving it.
The Benefits of Using a Tax Software for Your Property Investment in Australia
Discover the advantages of utilising tax software for your property investment in Australia. Learn how this tool streamlines processes, enhances accuracy, and maximises returns.
Balancing Your Side Hustle with Your Full-Time Job or Other Responsibilities
Many people start a side hustle while still working a full-time job or juggling other responsibilities such as family and education. While having a side hustle can be fulfilling and lucrative, balancing it with other responsibilities can be challenging. Here are some tips on how to find balance and avoid burnout.
Ditch Your Investment Property Spreadsheets, Embrace Tax Software!
Switch from Investment Property Spreadsheet Management to Tax Software
How to Avoid Common Tax Mistakes During Tax Time in Australia
Learn how to avoid common tax mistakes during tax time in Australia. Expert advice to ensure a smooth process during tax season.
The Tax Implications of Cryptocurrency Mining and Staking in Australia
As cryptocurrencies gain popularity, so does the practice of cryptocurrency mining and staking to earn additional income from investments. While these activities can be lucrative, it’s crucial to understand the tax implications they carry in Australia, especially as the ATO moves to tighten the rules and reporting obligations of platforms.
Tips for Keeping Accurate Records to Manage Your Shares and Crypto Tax in Australia
Shares and cryptocurrency investments can be a rewarding endeavour, however it’s important to stay on top of your tax obligations. In Australia, accurate record-keeping is crucial to ensure you comply with ever evolving tax regulations and avoid unnecessary headaches down the line. In this blog we will provide you with essential tips for maintaining accurate records to effectively manage your shares and crypto tax in Australia.
How to Prepare Early for the End of Financial Year
As the end of the financial year (EOFY) approaches, it’s crucial to embark on early preparations to ensure a seamless and stress-free process. Many individuals in Australia tend to leave their tax return until the last minute, resulting in a rush and unnecessary stress. In this article, we will delve into the top ways you can prepare early for the end of the financial year.
Navigating Queensland’s Rental Law Changes: Implications for Landlords in Light of Interest Rate Rises!
Queensland’s rental law landscape has recently undergone significant changes that have important implications for both landlords and tenants. This blog article explores the Queensland rental law changes and their specific impact on landlords, particularly in light of potential interest rate increases.
Tax-Time Focus for Australian Taxpayers: What You Need to Know
At TaxTank, we are committed to providing the most up-to-date and accurate tax information to help individuals, property investors and sole traders make informed decisions about their tax. The ATO announced yesterday a number of key areas that they will be focusing on this tax time, including rental income, capital gains tax and work-related expenses.
Your guide to Capital Gains Tax and Crypto in Australia
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.
Top tips to seamlessly manage your sole trader business
As a sole trader, you are the boss of your own business. While this can be highly profitable, it also comes with a unique set of challenges, such as managing your own taxes and determining what business expenses you can claim. In this article, we look at some simple ways to overcome these challenges so that you can focus on doing what you do best – being a successful sole trader!
