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Happy New Financial Year πŸŽ‰πŸŽ‰ You can start lodging your tax returns as soon as your Income Statements are finalised.
30/06/2026

Happy New Financial Year πŸŽ‰πŸŽ‰
You can start lodging your tax returns as soon as your Income Statements are finalised.

The deadline for individuals to lodge their own tax return is this Friday, October 31, 2025.The Fail To Lodge penalty st...
30/10/2025

The deadline for individuals to lodge their own tax return is this Friday, October 31, 2025.

The Fail To Lodge penalty starts at $330, then increases by $330 for every 28-day period (or part thereof) that your return is overdue.

The penalty caps out at $ο»Ώ1650 for individuals

30/06/2025

Happy new
(Financial) year πŸŽ‰πŸΎπŸŽŠ

If you travel for work and get paid a travel allowance, you might not need to keep detailed records of your expenses – b...
24/06/2025

If you travel for work and get paid a travel allowance, you might not need to keep detailed records of your expenses – but only if certain conditions are met.

Even then, we may still check your tax return and ask you to show:

🚘 you spent the money yourself and were not reimbursed – a bank statements will help
✈️ you incurred the costs as part of your work duties – not a holiday
🚌 how you worked out your deduction – like a travel diary
βœ… you correctly declared your allowance as income in your tax.

Mark this date in your calendar πŸ—“οΈThe 12% rate will need to be applied for all salary and wages paid to your eligible wo...
23/06/2025

Mark this date in your calendar πŸ—“οΈ

The 12% rate will need to be applied for all salary and wages paid to your eligible workers on and after 1 July. This applies even if some or all of the pay period it relates to is before 1 July.

12/05/2025

πŸ‘‰ The work from home fixed rate is 70 cents per hour for tax time 2025.

This means, at tax time, you’ll multiply the total number of hours you worked from home during 2024-25 by $0.70. This will calculate your working from home deduction (for running expenses).

Remember, the fixed rate covers your costs for:

⚑ electricity and gas
πŸ“± phone and internet
πŸ“š stationery
πŸ–¨ computer consumables (such as paper and printer ink).

You can’t claim a separate deduction for these, anywhere else in your return.

Time is running out to lodge your own tax returnThe ATO is reminding taxpayers that the due date for individuals who lod...
28/10/2024

Time is running out to lodge your own tax return

The ATO is reminding taxpayers that the due date for individuals who lodge their own income tax return is 31 October 2024.

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