Carlita Buchanan Tax and Accountancy Practice

03/04/2026

Happy Easter everyone. Safe travels

15/02/2026

Roses are red, violets are blue, accountants balance the books and our hearts too 💕 Happy Valentine’s Day to all our accountants out there - we appreciate you!

15/12/2025

12/11/2025

Employers – get ready for Payday Super
Paying Super contribution the same day as Pay Day is now law starting 1 July 2026.

12/07/2025

If you have paid contractors you will need to lodge a Taxable Annual Payment Report by 28 August each year.

08/07/2025

Conversation I had this morning.
Potential client: how much tax credit dit I paid during the year?
Tax Accountant: what I worked out is that you have $17K.
Potential Client: so I should get $29K refund?
Tax Accountant: Whaaat. Sorry I can’t do your tax return!

06/07/2025

Division 296 will come.

03/07/2025

Take look what occupation you’re in and deduction you may claim against your taxable income for 2025 tax year.

Income and allowances to declare and the expenses you can claim a deduction for in your occupation or industry.

03/07/2025

Ready to lodge you tax return?

How are you planning to lodge this tax time? Let’s discuss! 🤔

💻 If you lodge your own return, the easiest way is to lodge online. But don’t rush! We suggest waiting until late July.

🤝 Feeling a little overwhelmed? You can always visit a registered tax agent who can handle the lodgment on your behalf.

📝 Are you up for a nostalgic throwback to the good old days of paper returns? Well, brace yourself for a wait of 50 days for that potential refund (if you decide to use paper).

02/07/2025

If your principal residence seats on more than 5 acres, the excess will be subject to CGT

If you’re selling your home, you might be exempt from paying capital gains tax.

Eligibility for the main residence exemption when selling property depends on:

👉 the type of property
👉 if you lived there
👉 if you’ve ever earnt income from the property.

02/07/2025

Guaranteed to keep you BROKE forever.

I’ve seen it all.

From the clients I advised as a wealth manager to the mistakes I made in my 20s, staying broke is easier than you think.

When I was fresh out of the military, I thought I had it all figured out.

But I was living paycheck to paycheck, financing a car I couldn’t afford, and spending like I was already rich.

Saving? Investing? Not even on my radar.

It wasn’t until I was forced to face the reality of my bad habits that I realized something had to change.

I was one emergency away from total financial disaster.

If you want to guarantee staying broke, here’s the playbook:

• Spend every dollar you make.
• Finance a lifestyle to impress people who don’t even care.
• Avoid saving or investing because “there’s always time later.”
• Stick to one income stream and hope for the best.

That’s the mindset that kept me stuck until I chose to break the cycle.

The moment I shifted my focus to building assets—financial, personal, and relational—everything changed.

It’s how I went from broke soldier to multi-millionaire entrepreneur.

But most people will never make that shift because they’re too busy living for the short term.

Here’s your next steps: 👇🏼

📍Follow and comment “STACK” and I’ll send you my FREE guide: The Wealth Stack - 7 Assets Required to Achieve Financial Freedom.

In this guide, I reveal the assets I acquired that enabled me to achieve multi-millionaire status in my 30s.

👉🏼 Follow to learn wealth-building tips your parents and school didn’t teach you.

02/07/2025