Tax News and Updates
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.
ATO’s Data-Matching DebtThreat Crackdown Sounds Alarm Bells. Learn What To Do If You Receive One.
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
The 2025 Australian Guide to Mastering Investment Property Accounting
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
Lack of Transparency in Compliance Programs as ATO Secures $999 Million in Budget
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
Investment Property Deductions Guide to Maximise Returns in 2025
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 Truth Behind the ATO’s “9 out of 10 Property Investors Get It Wrong” Claim
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 myths every investor should know
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
Announcing the TaxTank and Sharesight Integration: Real-Time Tax Automation for Modern Investors
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
Common Mistakes in Sole Trader Tax Returns and How to Avoid Them
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
Home Office Deductions: Are You Losing Money with the ATO’s 67c Rate?
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
Think You’re Fully Covered? The Shocking Truth About Underinsurance in Australia
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…
Decode the ATO Depreciation Guidelines for Investment Properties
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
3 Best Tools for Crypto Tax Calculations and Capital Gains Tax (CGT)
Cryptocurrency is exciting but let’s be honest, taxes are not so much! Whether you’re a casual investor or a crypto trading enthusiast, calculating taxes on your digital assets can feel
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
What’s hot in 2025: Best tax tips to combat the ATO crackdown
If you thought the ATO was keeping a close eye on taxpayers before, buckle up, 2025 is shaping up to be the year of peak scrutiny. With advanced data-matching technology,
Tips to Maximise Investment Property Tax Deductions with TaxTank
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
5 Reasons Why TaxTank Is Better Than an Investment Property Spreadsheet
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
Introducing Australia’s First Capital Gains Tax Calculator
Calculating Capital Gains Tax (CGT) can feel like navigating a financial maze, confusing, time-consuming, and filled with unexpected tax traps. Whether you’re selling property, shares, crypto, or business assets, keeping
Negative Gearing for Property Investors in Australia
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
Tips to Reduce Capital Gains Tax When Selling Property
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
Revolutionary Accounting Software for Sole Traders: Simplify Your Tax with TaxTank
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
Australia’s first digital home office diary launched by TaxTank
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
ABN Tax Calculation: A Guide for Sole Traders
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
Learn how TaxTank is changing the game with Property Portfolios
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
The Best Rental Property Accounting Software
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
ATO App vs. TaxTank: Which Tax App Is Best for Australians?
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
The Best Investment Property Tracker
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
The Best Tax App for Sole Traders in Australia
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
The 5 Best Tax Apps for Australians
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
The Top 5 Property Portfolio Apps in Australia
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
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
