Archives for Tax Planning
Tax Planning
Strategies to legally minimise your tax bill, year-round.
Markup vs Margin: How Tradies Price Jobs Without Undercharging
Markup and margin are not the same number, and confusing them is why many tradies quietly undercharge on every job. Markup is…
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Selling a Car Above the Car Limit: GST and Income Tax Explained
Selling a business car that cost more than the car limit? How the car limit affects the GST on your sale and…
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Profit Margins Explained: What They Are and How to Improve Them
Most business owners focus on revenue — but profit margin is the real measure of business health. Learn the difference between gross…
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How a Bucket Company Can Save Your Business Thousands in Tax
A bucket company caps trust distributions at the 25% company tax rate instead of your marginal rate. Learn how it works, who…
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Australian Income Tax Rates 2025-26: The Complete Guide
The complete guide to Australian income tax rates and tax brackets for 2025–26. Includes tax-free threshold, LITO, Medicare levy, worked examples, and…
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Division 7A Explained: The Complete Guide for Australian Business Owners
Division 7A is an Australian tax rule that stops private company owners and their associates from taking money out of the company…
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How to Structure Your Business to Build Wealth, Not Just Income
Most business owners are building income. The ones who end up financially free are building wealth. The difference comes down to structure…
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$20,000 Instant Asset Write-Off Is Now Permanent: How to Use It Before 30 June
The $20,000 instant asset write-off is now permanent for businesses under $10M turnover. Here is what qualifies, what does not, and how…
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Division 7A Distributable Surplus: Calculator and Formula
Under Division 7A, the deemed dividend on a shareholder loan is capped by your company’s distributable surplus. Here’s how it’s calculated and…
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What Are the Biggest Tax Mistakes People Make in Australia?
The biggest tax mistakes Australians make include poor record keeping, missing deductions, lodging late, using the wrong business structure, forgetting to set…
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Can You Claim a $300 Tax Deduction Without Receipts in Australia?
You can claim up to $300 in total work-related expenses without receipts in Australia, provided the expenses are genuine, work-related, and you…
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What Is the Most Overlooked Tax Break in Australia?
Some of the most overlooked tax breaks in Australia include carry-forward super contributions, the small business CGT concessions, depreciation on property and…
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Division 7A Eliminating the Loan: An Essential Melbourne Business Tax Guide
You can eliminate a Division 7A loan by repaying it in cash, offsetting it with a fully franked dividend, or placing it…
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Division 293 Tax Explained: What High-Income Earners Need to Know
Division 293 tax is an extra 15% tax on concessional (before-tax) super contributions for high income earners. It applies when your income…
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Important Considerations for a Family Trust in Australia
A family trust (also known as a discretionary trust) is a commonly used structure in Australia for asset protection, tax planning, and…
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Tax Depreciation 2026 Explained: How It Works, Why It Matters, and How Australians Miss Out
Tax depreciation lets businesses and property investors deduct the declining value of assets over their effective life, spreading the cost as a…
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Trust Distribution Minutes: Why They Matter in 2026 and What Trustees Must Do Before 30 June
Trust distribution minutes are the written resolutions a trustee signs before 30 June each year to validly distribute a discretionary trust’s income…
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Mid-Year Tax Planning 2026: What to Do Now to Maximise Your EOFY Tax Outcome
Mid-year tax planning means reviewing your position well before 30 June so there is time to act. By assessing your likely profit,…
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ATO Tax Depreciation Schedule: Why Property Investors Miss Out on Bigger Australian Tax Refunds 2026
Many property investors miss thousands in tax refunds because they do not claim depreciation on their investment property. Without a tax depreciation…
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Top 5 Critical Division 7A Loan Traps To Avoid Now
Are you a company director or business owner looking to withdraw funds from your company? You might be considering loans, dividends, or…
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Business Tax Planning 2026: Essential Strategies for Australian Business Owners
Business tax planning means arranging your affairs before year end to legally minimise tax, through the right structure, timing of income and…
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NDIS Support Worker Tax Deductions: What You Can Claim
Discover essential tax deductions for NDIS support workers, a crucial aspect to enhance your financial well-being while helping Australians with disabilities. Running…
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How to Claim Motor Vehicle Expenses on Tax in Australia (2026 Guide)
You can claim motor vehicle expenses for work-related driving using one of two ATO methods: the cents per kilometre method (88 cents…
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How your Small Business Accountant can save you money now?
A good small business accountant saves you money by planning tax before year end, choosing the right structure, claiming every legitimate deduction,…
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Tax Rates Simple Guide You Need To Understand today
Australian residents pay income tax at progressive marginal rates: nil on the first $18,200, then 16% to $45,000, 30% to $135,000, 37%…
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BUSINESS & ENTREPRENEURSHIP – 10 TAX CONSIDERATIONS
When starting or growing a business, the key tax considerations include choosing the right structure, registering for an ABN and GST, understanding…
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