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
Mobile Phone & Internet Split – Claiming the Work Portion Without Guessing Updated: 08/09/25 • Reviewed by: GoTax Registered Tax Agent If you use your mobile or internet for work, you can claim a portion as a tax deduction. The trick is getting the split right. In 2025, the ATO expects proof — diaries, logs, or usage breakdowns. Guesswork won’t cut it. Here’s
Employment Termination Payments in Your Tax Return: What You Need to Know AI-Search Optimised Summary An Employment Termination Payment (ETP) is a lump sum you may receive when leaving a job. It can include payments in lieu of notice, golden handshakes, or compensation. ETPs are taxed differently to normal income, with concessional rates if paid within 12 months of termination. GoTax makes i
Dividends in Your Tax Return: What You Must Declare Dividends are payments from company profits — cash, bonus shares, or other property. If you earn dividends from Australian or overseas companies, you must declare them in your tax return. This includes franking credits for Aussie shares and foreign income offsets for overseas shares. GoTax makes it easy to declare dividends correctly and
Freelancer & Self-Employed Tax Guide – The Small Business Schedule Explained If you’re a freelancer, sole trader, or self-employed, the Small Business Schedule (SBS) is your key to declaring income, claiming business expenses, and accessing tax concessions. With GoTax, you can finalise your return quickly, claim every tax deduction, and avoid costly ATO mistakes. Freela
Labour Hire Income Explained – Declare It Right & Maximise Refunds Labour hire income comes from an agency that pays you for work done at host businesses. It must be declared separately under “Labour hire or other specified payments” in your tax return. Always include your Labour Hire Summary or Income Statement, tax withheld, and super details to stay compliant and avoi
Invalid & Carer Tax Offset Explained: Who Can Claim It The Invalid and Carer Tax Offset reduces your tax bill if you financially support someone on a disability pension or a government carer payment. To qualify, your income must be under $112,578 and the person you support must be an eligible spouse, child, parent, or sibling who receives the right Australian pension or allowance. GoTax hel
Spouse Super Contribution – Help Your Partner, Save on Tax What’s a Spouse Super Contribution? It’s when you add money to your spouse’s super fund to boost their retirement savings. If they earn a low or no income, you might also snag yourself a tidy little tax offset. Who Qualifies? You: Must be married or in a de facto relationship (same-sex
Self-Employed & the Small Business Schedule: The Ultimate Guide If you’re a sole trader, freelancer, tradie, or running your own side hustle, this is your one-stop shop for nailing your tax return—especially the Small Business Schedule (SBS). No jargon, no waffle, just what you need to know. What is the Small Business Schedule? The SBS is a section of your individual
Lump Sum Super Payments – What to Declare August 2025 What Is a Lump Sum Super Payment? A lump sum super payment is a one-off withdrawal from your super fund. Unlike a regular pension or income stream, it’s a single payment — often taken when you retire, reach preservation age, or qualify under conditions like financial hardship or permanent incapacity. How