5 Gates Consulting Pty Ltd

5 Gates Consulting Pty Ltd We take care of your bookkeeping, payroll, BAS, IAS and super so you can focus on growing your business. Need better systems?

We help automate and streamline your processes too.

Quarterly Statement due soon?Avoid the stress of last-minute calculations and unexpected tax bills.Our team can help wit...
18/06/2026

Quarterly Statement due soon?

Avoid the stress of last-minute calculations and unexpected tax bills.

Our team can help with bookkeeping, BAS preparation, GST reporting, and quarterly statements, giving you a clearer picture of your business finances.

Need support? We're here to help.
📞 +61 479 152 252
📧 [email protected]

Most Australians Miss at Least One of These 12 Tax DeductionsEvery year, many Australians pay more tax than necessary si...
18/06/2026

Most Australians Miss at Least One of These 12 Tax Deductions

Every year, many Australians pay more tax than necessary simply because legitimate deductions are overlooked. Work-related expenses, superannuation contributions, tax agent fees and investment costs can all reduce taxable income when the rules are met. In some cases, the tax savings can be worth hundreds or even thousands of dollars.

The good news is that claiming a deduction does not need to be complicated. The key is understanding what expenses qualify and keeping the right records. This guide explains 12 common tax deductions and tax-saving opportunities that may help reduce a person's tax bill.

If you want to have a quick understanding about the Australian Budget 2026 Changes, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/most-australians-miss-at-least-one-of-these-12-tax-deductions/

Australian Business Owners Who Ignore This Tax Change May Miss Valuable Cash RefundsStarting a business often means spen...
15/06/2026

Australian Business Owners Who Ignore This Tax Change May Miss Valuable Cash Refunds

Starting a business often means spending money before making money. Many new companies spend their first few years developing products, hiring staff, building systems, and attracting customers. During this period, it is common for a business to make a tax loss rather than a profit.

Traditionally, those tax losses could only be used in future years when the company became profitable. While this reduced future tax, it did not provide any immediate cash flow support. The 2026 Federal Budget introduces new measures designed to help eligible companies access the value of tax losses sooner.

For some businesses, this could mean receiving cash refunds from the Australian Taxation Office (ATO) rather than waiting years to use losses against future taxable income.

If you want to have a quick understanding about the Australian Budget 2026 Changes, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/australian-business-owners-who-ignore-this-tax-change-may-miss-valuable-cash-refunds/

Fuel Is Expensive. The Budget Is Trying to Help.Higher fuel prices affect almost everyone. When fuel costs increase, the...
11/06/2026

Fuel Is Expensive. The Budget Is Trying to Help.

Higher fuel prices affect almost everyone. When fuel costs increase, the impact is often felt beyond the petrol station. Transport becomes more expensive, freight costs rise, and many businesses face higher operating expenses. These costs can eventually flow through to household budgets and the price of everyday goods.

In response, the Federal Government announced a $14.8 billion fuel and energy package as part of the 2026 Federal Budget. The package includes short-term cost relief as well as longer-term measures designed to strengthen Australia's fuel supply and energy security.

If you want to have a quick understanding about the Australian Budget 2026 Changes, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/fuel-is-expensive-the-budget-is-trying-to-help/

Can a Person Claim Work Tools and Technology on Tax?Every year, many people in Australia spend their own money on items ...
10/06/2026

Can a Person Claim Work Tools and Technology on Tax?

Every year, many people in Australia spend their own money on items needed for work. This can include tools, laptops, mobile phones, desks, office chairs, internet costs, or stationery.

In many cases, these costs can be claimed as a tax deduction. However, the Australian Taxation Office (ATO) has rules about what can and cannot be claimed.

The basic rule is simple: A work expense is only deductible if the item is needed for work duties and the person personally paid for it. If an employer provides the item or reimburses the cost, the expense usually cannot be claimed.

If you want to have a quick understanding about the Tax Deduction Strategy, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/can-a-person-claim-work-tools-and-technology-on-tax/

Education, Training & Seminars: What's Tax-Deductible?Many Australians invest in education throughout their careers. Thi...
10/06/2026

Education, Training & Seminars: What's Tax-Deductible?

Many Australians invest in education throughout their careers. This may include university courses, TAFE programs, professional training, online courses, industry conferences, seminars, or work-related certifications.

At tax time, a common question is whether these costs can be claimed as a tax deduction.

The good news is that many self-education expenses are deductible. However, the course or training must have a direct connection to a person's current employment and income-earning activities.

If you want to have a quick understanding about the Tax Deduction Strategy, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/education-training-seminars-whats-tax-deductible/

Can You Claim Haircuts, Gym Memberships or Medical Costs on Tax?Many Australians spend money on looking professional, st...
09/06/2026

Can You Claim Haircuts, Gym Memberships or Medical Costs on Tax?

Many Australians spend money on looking professional, staying fit, and maintaining their health for work. A common question at tax time is: "If I need this for my job, can I claim it?"

In most cases, the answer is no.

The ATO generally considers grooming, fitness and medical costs to be personal expenses. Even if they help you keep your job, stay healthy, or meet workplace expectations, that usually isn't enough to make them tax deductible.

However, there are a few important exceptions.

If you want to have a quick understanding about the Tax Deduction Strategy, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/can-you-claim-haircuts-gym-memberships-or-medical-costs-on-tax/

The Tax Deductions You're Missing Every Time You Travel for WorkTransport and travel claims are one of the most misunder...
09/06/2026

The Tax Deductions You're Missing Every Time You Travel for Work

Transport and travel claims are one of the most misunderstood areas of Australian tax. Every year, many people either miss out on deductions they could have claimed or claim things that aren't allowed.

The good news is that the basic rule is actually quite simple. If you travel as part of doing your job, the cost is usually deductible. If you're simply travelling to get to work, it's usually not. This applies whether you drive a car, catch public transport, take an Uber, fly interstate, ride a motorcycle, or hire a vehicle. The type of transport doesn't matter as much as the reason for the trip.

For most Australians, the biggest mistake is claiming the daily trip between home and work. Even if you work long hours, start early, finish late, or there is no public transport available, the normal trip from home to your regular workplace is considered a private expense and cannot be claimed.

If you want to have a quick understanding about the Working From Home Tax Strategy, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/the-tax-deductions-youre-missing-every-time-you-travel-for-work/

What Can You Actually Claim on Tax for Clothes and Items Worn at Work?As the end of the financial year approaches, many ...
04/06/2026

What Can You Actually Claim on Tax for Clothes and Items Worn at Work?

As the end of the financial year approaches, many Australians start gathering receipts and reviewing their work-related expenses before lodging their tax return. One area that causes confusion every year is clothing and items worn at work.

Many employees spend money on uniforms, work boots, safety gear, sunglasses, gloves, and other items they need to do their jobs. Others purchase clothing specifically for work and assume those costs can be claimed as a tax deduction. Unfortunately, it is not always that simple.

Every year, accountants and tax agents see two common problems. Some taxpayers claim items that are not deductible and risk having their tax return adjusted by the Australian Taxation Office (ATO). Others miss legitimate deductions and end up paying more tax than necessary.

Understanding the rules before lodging your tax return can help ensure you claim everything you are entitled to while staying compliant with ATO requirements.

If you want to have a quick understanding about the Tax Deduction Strategy, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/what-can-you-actually-claim-on-tax-for-clothes-and-items-worn-at-work/

Working From Home Tax Deductions: The EOFY Opportunity Many Australians Are MissingFor many Australians, working from ho...
04/06/2026

Working From Home Tax Deductions: The EOFY Opportunity Many Australians Are Missing

For many Australians, working from home is no longer something that only happens occasionally. What started as a temporary arrangement during the pandemic has become a normal part of working life. Some employees work remotely full-time, while many others split their week between the office and home.

The convenience of working from home is easy to see. There is less time spent commuting, more flexibility during the day, and often a better balance between work and personal life. However, there is another benefit that many people overlook each year at tax time: the ability to claim legitimate working-from-home expenses.

Every day that you work from home, you use resources that you personally pay for. Your electricity bill increases. Your internet connection is used for work. You may need a desk, office chair, monitor, printer, or other equipment to perform your job. These costs can add up over the course of a year.

Despite this, many Australians either do not claim working-from-home deductions at all, or they claim less than they are entitled to. Some people assume the amount will be too small to matter. Others are unsure about the rules and decide it is not worth the effort. As a result, thousands of workers leave money on the table every year.

According to recent Australian workforce data, around 36% of employed Australians work from home at least some of the time. Yet many of these workers are still missing out on deductions simply because they do not understand the options available to them.

With the end of the financial year approaching, now is the perfect time to review your records and make sure you are claiming everything you are entitled to.

If you want to have a quick understanding about the Working From Home Tax Strategy, please view the PDF attached.

You can read the whole article here:
https://5gatesconsulting.com.au/working-from-home-tax-deductions-the-eofy-opportunity-many-australians-are-missing/

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3029

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