Got a PAYG instalment notice from the ATO and are wondering why you have to pay tax before you lodge your next tax return? Notional tax is not a new tax. It is the ATO’s estimate of the income tax you are likely to owe for this financial year, based largely on your most recent […]...

Losing a receipt doesn’t always mean you lose your tax deduction. Many Australians miss out on legitimate claims because they believe a paper receipt is the only proof the Australian Taxation Office (ATO) accepts. In reality, the ATO allows certain tax deductions you can claim without a receip...

Tax time is genuinely stressful for tradies. You’re flat out on the tools all year, juggling jobs, chasing invoices, and trying to run a business the last thing you want to deal with is sorting out your tradie tax return. But here’s the thing: if you’re not organised at EOFY, you&#...

It’s Sunday afternoon. The two of you are at the kitchen table, payment summaries out, myGov open on the laptop, and one of you has just asked, “Do we do our tax returns together?” It’s one of those moments where being in a relationship suddenly feels a lot more complicated t...

If you’ve recently started working in Australia, moved here on a visa, or just launched a business, someone has probably already asked you, “Do you have a TFN?” And if you’re not sure what that means or why it matters, you’re not alone. A tax file number Australia relie...