In Australia, tax deductions reduce your taxable income by allowing you to deduct expenses directly related to earning your income, potentially leading to significant tax savings and larger refunds. Understanding and claiming the right deductions is crucial for maximising your tax benefits. By keepi...

Yes, you can do bookkeeping without a BAS agent in Australia, but know the limits and rules to stay compliant and avoid costly mistakes. It’s important to know the difference between general bookkeeping tasks and the specific work that requires a BAS agent registration.  Bookkeepers manage daily ...

To do your own tax return online in Australia, sign in to your myGov account, link it to the ATO, and use the pre-filled information to lodge your tax return accurately and securely. The Australian Taxation Office (ATO) provides a free and user-friendly online service via myGov, allowing residents i...

Running a small business in Australia comes with a host of financial responsibilities, and one of the most important aspects to understand is GST for small businesses. The Goods and Services Tax (GST) may seem complicated at first, but with the right guidance, it’s easy to navigate and ensures...

Tax planning (tax avoidance) reduces taxable income within the law. High earners and people with side hustles won’t need to worry, as several measures reduce taxable income. The most common tax planning strategies involve maximizing deductions and using tax credits, a proven way to lower tax expen...