Missed the Deadline? What Happens When You Lodge Late—and How to Fix It Fast Published: 1 Novenmber 2025 Gotax Publishing If you’ve missed the 31 October tax deadline, don’t panic—but don’t ignore it either. The Australian Taxation Office (ATO) doesn’t send friendly reminders. They send penalties. Whether you were too busy, forgot, or didn’t reali
Union Fees, Memberships & Journals – Deduction Gold or Fluff? Updated:23/09/25 • Reviewed by: GoTax Registered Tax Agent Insight Union fees, professional memberships, and even certain work-related journals can be claimed as tax deductions. In 2025, the rules are clear: if it directly relates to earning your income, it’s deductible. But there are limits, and some membe
Deductible Donations and Gifts: The 2025 Aussie Tax Guide Published: 23rd September 2025 Gotax Publishing Thinking about giving back in 2025? Good on ya. But here’s the catch — not every donation gives you tax perks. The ATO plays hardball when it comes to deductible donations, and unless you follow their rules, your good deed might not trim your tax bill. This guide breaks do
GST and Small Business: 2025 Survival Guide Published: Sept 2025 Gotax Publishing Running a small business? If you’ve got an ABN, you’ve probably already tripped over three little letters: GST. That’s Goods and Services Tax — the 10% sting on most sales in Australia. And whether you’re a tradie, a café owner, an Uber driver, or running an online side hus
Individuals with ABNs: 2025 Tax & Compliance Guide You’re on the ATO Radar Got yourself an ABN? Congrats — you’re officially in business. Doesn’t matter if it’s a side hustle mowing lawns on weekends, running a food truck, or smashing it on Fiverr. The ATO now considers you a business operator. That means obligations, rules, and tax deductions galore —
Foreign Income – What Aussie Taxpayers Must Declare in 2025 Article by: Gotax Online Publication Division Sept 2025 ATO Wants to See It All If you’re an Australian resident for tax purposes, the ATO doesn’t care if your money came from Sydney, Singapore, or Saturn — it’s all taxable. Even if you never transferred it into your Aussie bank account, you’ve
Government Pensions and Allowances – What You Need to Declare (2025 Update) Don’t Let Centrelink Payments Trip You Up Government pensions and allowances can feel like alphabet soup — DSP, DVA, DSP (again), Austudy, JobSeeker… and the ATO expects you to know what’s taxable, what’s tax-free, and how to declare it. This 2025 GoTax guide cuts through the j
Tools of the Trade – Depreciation vs Instant Asset Write-Off for Small Biz Updated:12/09/25 • Reviewed by: GoTax Registered Tax Agent Bought tools, a laptop, or gear for work? How you claim it depends on whether you’re an individual employee or an ABN holder. Employees can only use depreciation, while small businesses and ABN holders may qualify for the instant asset write-o
The Forgotten Little Things – Small Items You Can Claim Updated: 10/09/25 • Reviewed by: GoTax Registered Tax Agent Most people remember to claim the big stuff — cars, laptops, power tools. But the little things? They’re often forgotten, and they can add up fast. In 2025, both employees and ABN holders can claim a long list of small, work-related items. Miss them, and
Car Expenses 2025 – Logbook vs Cents-per-Kilometre: Which Pays More? Updated: 09/09/25 • Reviewed by: GoTax Registered Tax Agent If you use your car for work, you can claim it at tax time. In 2025, the ATO gives you two methods: logbook or cents-per-kilometre. The right choice could save you hundreds. Here’s how each method works, which one pays more, and how to avoid audit