If you earn income from investments such as interest, dividends, rent or royalties, it’s important to plan ahead. Use PAYG instalments to help reduce any potential tax bill when you lodge your tax return. How PAYG instalments work? Pay as you go (PAYG) instalments allow you to make regular payment...

Whether you use a tax agent or choose to lodge your tax return yourself, avoiding these common mistakes will save you time and money. 1. Apportioning expenses and income for co-owned propertiesIf you own a rental property with someone else, you must declare rental income and claim expenses according...