Trim Taxation & Accounting

Trim Taxation & Accounting Trim Taxation & Accounting is a small professional accounting practice specialising in all your tax and accounting needs.

The amount of private health insurance rebate you receive is based on your combined family income.If your spouse's incom...
22/06/2026

The amount of private health insurance rebate you receive is based on your combined family income.

If your spouse's income is understated, you may end up claiming too much rebate during the year, which could mean a smaller refund or a tax bill when your return is assessed. 🫨

To avoid this, make sure your spouse's full income is included in your tax return, including:

👉🏻Salary packaging and fringe benefits
👉🏻Rental or investment losses
👉🏻Extra super contributions

If you're unsure whether your family income details are correct, contact me before lodging. 🫡

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

Get tax-ready early and make EOFY simple, not stressful. ☝🏻Tracie 👋 Ph: 0410 133 364Email: admin@trimurtax.com.au
19/06/2026

Get tax-ready early and make EOFY simple, not stressful. ☝🏻

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

If you work from home, you may be able to claim a tax deduction.If you use the fixed-rate method, you can claim 70 cents...
17/06/2026

If you work from home, you may be able to claim a tax deduction.

If you use the fixed-rate method, you can claim 70 cents for every hour worked from home. There’s also the actual cost method, where you calculate and claim the actual expenses you incurred while working from home.

Whichever method you choose:

✅ Keep accurate records
✅ Make sure your claim is supported by evidence
✅ Only claim expenses you're entitled to

Before lodging your tax return, use the ATO home office expenses calculator to help work out which method is best for you and ensure you're claiming the correct amount.

https://www.ato.gov.au/single-page-applications/calculatorsandtools /questions

If you're still unsure which method will give you the best result, contact me via the details below.

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

Payday Super is coming from 1 July 2026, and if you're an employer, it's time to prepare for changes to how superannuati...
15/06/2026

Payday Super is coming from 1 July 2026, and if you're an employer, it's time to prepare for changes to how superannuation is paid. 🫡

From 1 July 2026 👇🏻

✅ Super must be paid within 7 business days of each payday
✅ Super will be calculated on an employee's qualifying earnings
✅ Payments must include enough information for funds to allocate contributions correctly

What's staying the same?

📍The super guarantee rate remains at 12%
📍You still pay super for eligible employees and contractors, paid mainly for their labour, and most existing payroll and super payment systems can continue to be used.

The goal of Payday Super is to help employees receive their super sooner and reduce unpaid super obligations. Now is a great time for businesses to review their payroll processes and ensure they're ready for the transition.

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

A common misconception is that all parking and toll expenses are tax-deductible. In most cases, they're not.You can't cl...
12/06/2026

A common misconception is that all parking and toll expenses are tax-deductible. In most cases, they're not.

You can't claim:
📍Parking fees at or near your regular workplace
📍Tolls for your normal trip between home and work

These are considered private expenses because travelling to work puts you in a position to earn income, and isn't part of actually earning it.

You may be able to claim:
✔️Parking fees incurred while travelling for work during the day
✔️Tolls paid on work-related trips between different work locations, clients, or job sites.

If the travel is part of performing your work duties, the expense may be deductible. If it's simply getting to and from work, it's generally not.

Unsure about your work-related expense claims?
Get in touch with me today. I'm here to help.

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

Before you lodge your tax return, double-check your pre-filled information.Pre-filled data can make tax time easier, but...
10/06/2026

Before you lodge your tax return, double-check your pre-filled information.

Pre-filled data can make tax time easier, but it's still your responsibility to ensure everything is correct. ☝🏻

📍Compare pre-filled information with your own records
📍Update any details if you have more accurate information
📍Contact the organisation that provided the information if something doesn't match

As an example, your tax return shows $1,500 in dividend income from shares, but your dividend statements show only $1,000. Before lodging, contact the share registry or investment provider to confirm the correct amount and have any errors corrected. 🫡

If an organisation has reported incorrect information, they need to update its records and provide the corrected details to the ATO, as this can help prevent delays, amendments, and follow-up enquiries from the ATO.

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

A business is something you do regularly with the intention of making a profit – whether that's money, goods, or service...
08/06/2026

A business is something you do regularly with the intention of making a profit – whether that's money, goods, or services.

You may be running a business if:
✔️You regularly sell products or provide services
✔️You intend to make a profit
✔️You plan to continue or repeat the activity

It’s generally not a business if:
❌It’s a one-off activity
❌It’s a hobby with no profit motive
❌You earn income as an employee
❌You simply hold investments, such as shares or rental properties, managed by an agent

Even if you're not running a business, you may still need to declare income from things like rent, dividends, services provided, or one-off transactions on your tax return. ☝🏻

Not sure if your activity qualifies as a business?

Seeking professional advice can help ensure you're meeting your tax obligations, so contact me via the details below.

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

📍June 21st Reminder 📍👉🏻May monthly activity statements are due to be lodged and paid on the 21st of June.Staying on top ...
05/06/2026

📍June 21st Reminder 📍

👉🏻May monthly activity statements are due to be lodged and paid on the 21st of June.

Staying on top of these dates avoids penalties and interest from the ATO, so don't forget! 😉

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

The countdown to 30 June has started, and it always seems to come around faster than expected. 🫡Now is a good time to g...
03/06/2026

The countdown to 30 June has started, and it always seems to come around faster than expected. 🫡

Now is a good time to get organised. ☝🏻

Check your income, gather your records, and make sure your expenses are all in order before the end of the financial year sneaks up on you. A little preparation now can make tax time much smoother (and far less stressful) later. ✔️

If you’re not quite ready yet or unsure what you need in place, now’s a great time to get in touch. I’m here to help you get sorted before 30 June arrives. 👋🏻

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

If your business claims fuel tax credits, it's time for a quick pit stop. ⛽From 1 April to 30 June 2026, the fuel tax cr...
01/06/2026

If your business claims fuel tax credits, it's time for a quick pit stop. ⛽

From 1 April to 30 June 2026, the fuel tax credit rate for petrol and diesel is 20.6 cents per litre due to the temporary reduction in fuel excise.

This change may affect the amount you can claim on your next BAS. ☝🏻

If you’re not sure which rate applies to your business, don't leave it running on empty. The ATO's Fuel Tax Credit Calculator has been updated with the latest rates to help you get it right. 👇🏻

https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/incentives-and-concessions/fuel-schemes/fuel-tax-credits-business/rates-business/from-1-july-2025-to-30-june-2026

If you need help with your BAS or fuel tax credit claims, reach out via the contact information below.

Tracie 👋
Ph: 0410 133 364
Email: [email protected]

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