Individuals with ABNs: 2025 Tax & Compliance Guide Published:July 2025 Running a business—even just a side hustle—means you’re officially in tax territory. If you’ve got an ABN, the ATO has you on their radar. And that means rules, records, and responsibilities. This 2025 Gotax guide breaks down everything you need to know to survive (and thrive): from income repo
The Self-Employed Tax Survival Guide: 2025 Edition Published: July 25 Running your own business and wondering how to survive tax season without breaking a sweat (or a calculator)? This guide is your secret weapon. Whether you’re a freelancer, tradie, consultant, gig worker or all of the above — if you’ve got an ABN and make business income, this blog is your business bible.
Claiming Personal Super Contributions in 2025 Published: July 2025 Want to lower your tax and fatten your future retirement fund? Say hello to personal super contributions—a tax-smart move that works harder than your boss ever did. What Is a Personal Super Contribution? It’s when you chuck your own money (not from your employer) into your super fund. Then, you claim i
Claiming Income Protection Insurance in 2025 Published: July 2025 Paying for peace of mind? Good. Paying too much tax? Bad. Here’s how income protection insurance can reduce your tax bill while protecting your pay packet. And all from that great tax return provider ... Gotax. What Is Income Protection Insurance? It’s a policy that pays you a regular income if you'
Gross Interest – What to Declare and How to Do It Right What Is Gross Interest? Gross interest is the total amount of interest you earn before any tax is taken out. It includes income from your: Bank savings accounts Term deposits Credit unions or building societies Bonds and debentures Some peer-to-peer lending platforms If you see
Private Health Insurance & Tax – No-Fluff Aussie Guide Why Does Private Health Insurance Matter for Tax? Two big reasons: 1. Private Health Insurance Rebate The government chips in to help cover your premiums. You can get this: As a discount on your policy, or As a refundable tax offset when you lodge your return Who gets it? Anyone with eligib
How to Claim Tax Agent Fees and the Cost of Managing Your Tax Affairs in 2025 Published: July 2025 Tax time? Time to turn those tax agent fees into a beautiful tax deduction. If you’ve paid a registered tax agent like Gotax to prep your tax return, give advice, or help you dodge an ATO audit bullet—guess what? That cost is claimable. What Are Tax Agent Fees? Tax agent
Donations: How to Claim Gifts and Contributions on Your 2025 Tax Return What Counts as a Tax Deductible Donation? A donation is tax deductible if you give money or property to a charity or organisation that’s officially approved by the government to receive tax deductible donations. Not every charity or cause qualifies, so you need to check before you claim. Review our Gotax guide to assi
Small Business Tax Return Guide: Maximise Your 2025 Tax Deductions and Refund Running a business? Good on ya, you brave, spreadsheet-wielding entrepreneur. But if you want to keep more profit in your pocket and less in the ATO’s, you need to nail your deductions and avoid tax traps. Here’s the ultimate Gotax 2025 guide to small business tax returns that’ll help you maximise de
Personal Trainers: Small Business Tax Return Guide 2025 Here’s your no-nonsense guide for self-employed Personal Trainers doing their small business tax returns. Everything’s explained in plain English, with a focus on what you can and can’t claim, why, and how to keep the tax office off your back. What Can You Deduct and Why? If you spend money to earn your income a