What Is the 2026 Working From Home Fixed Rate? Reference ID: 2605SN03 | By Mark Walmsley — Chartered Accountant | Registered Tax Agent | TPB 25498770 Published: Wednesday 20 May 2026 RATE CONFIRMED: The WFH fixed rate for 2025-26 is 70 cents per hour (confirmed May 2026). Verify at ato.gov.au before publishing if significant time has passed since this confirmation. The 20
What Records Do I Need to Keep for Tax in Australia? Reference ID: 2605SN01 By Mark Walmsley — Chartered Accountant | Registered Tax Agent | TPB 25498770 For an Australian individual tax return, you need to keep records of every dollar of income you earn and every deduction you intend to claim. That covers seven categories: income, work-related expenses, motor vehicle use, workin
EOFY Records for Sole Traders, Contractors and ABN Holders: What the ATO Wants in 2026 Reference ID: 2605P01 | By Mark Walmsley — Chartered Accountant | Registered Tax Agent | TPB 25498770 Published: Monday 11 May 2026 | Cluster: C1 — EOFY Records | Parent Hub: Getting Your Tax Records Right Before 30 June (gotax.com.au/blog/eofy-tax-records-guide-2026) When you run an ABN
What Records Do I Need to Keep for Tax in Australia? Reference ID: 2605SN01 By Mark Walmsley — Chartered Accountant | Registered Tax Agent | TPB 25498770 For an Australian individual tax return, you need to keep records of every dollar of income you earn and every deduction you intend to claim. That covers seven categories: income, work-related expenses, motor vehicle use, workin
Getting Your Tax Records Right Before 30 June: The Complete 2026 EOFY Records Guide Reference ID: 2605H01 By Mark Walmsley — Chartered Accountant | Registered Tax Agent | TPB 25498770 Tax records. Two words guaranteed to make any sensible Australian quietly close the laptop and put the kettle on. We get it. Records are the homework of the financial year — the bit nobody vol
How Long Does a Tax Refund Take Australia? Most tax refunds in Australia are processed within 2 to 10days after your tax return is finalised — but that only happens when your return is accurate, complete, and not flagged for review. That’s the part people miss. Refund timing isn’t about when you lodge — it’s about how clean your return is when it hits the sys
Freelancer Tax Deductions Australia: What You Can Claim Freelancers in Australia can claim a wide range of tax deductions including tools, software, home office costs, internet, phone, and other business expenses, as long as the expense is directly related to earning income and not personal in nature. If you’re earning income under an ABN, you’re running a business. That’s
Contractor Tax Deductions Australia: What You Can Claim Yes — contractors in Australia can claim a wide range of tax deductions including tools, vehicles, home office costs, software, insurance, and business-related expenses, as long as the expense is directly related to earning income and not personal in nature. If you’re earning income under an ABN, you’re treated as runn
The Business Expenses That Raise Red Flags for Small ABN Holders Most ABN holders assume tax problems come from claiming the wrong expense. In practice, the bigger issue is claiming expenses that don’t make sense together. The ATO doesn’t look at expenses in isolation. It looks at patterns. Small ABN businesses often trigger attention when expenses appear out of proportion to
Why Mixing Personal and Business Money Creates Tax Problems Later For many ABN holders, mixing personal and business money doesn’t feel like a problem — at least at first. One account, one card, money in and out. It feels simpler, especially when the business is small or just starting out. The trouble shows up later, usually at tax time. When personal and business transactions