Tax Deductions During House Construction for Rental Properties If you're building a house to use as a rental property, you might be wondering about the tax deductions you can claim during the construction phase. While this can be a complex area, I'm here to break it down for you in a simple way. Let's look at what costs are deductible, identify common traps, and provide examples to
Instant Asset Write-Off for 2025: What You Can Claim Published: August 2025 The $20,000 instant asset write-off is back, and it's a golden opportunity for small businesses to lower their tax bill fast — if you know how to play it right. Here’s the breakdown, GoTax-style. How the $20,000 Threshold Works For the 2024–25 financial year, small businesses
Employee Share Schemes – What to Know and When to Declare It What Is an Employee Share Scheme? An Employee Share Scheme (ESS) is when your employer gives you shares or rights (like options) in the company you work for — often as a reward or incentive. You might get them for free, at a discount, or as part of your total pay package. Free shares? Great. But here’s the kick
Freelancer Tax Returns Made Easy – Claim Like a Pro in 2025 You create. You hustle. You invoice. Now let’s get your tax sorted. Freelancers don’t clock in or out—they run the show. But with great freedom comes… great paperwork (ugh). That’s where GoTax steps in, swinging a giant yellow hammer of simplicity straight through the chaos. We’ve built
Capital Gains Tax for Individuals – ATO Guide Made Simple Capital Gains – What It Is and What You Need to Do What Is a Capital Gain? A capital gain is the profit you make when you sell (or otherwise get rid of) an asset for more than you paid for it. We’re talking shares, investment properties, crypto, collectables — if it goes up in value and you sell it, that gai
3-Step Online Tax Return for Small Business – Yes, It’s That Easy Small business owners, freelancers, sole traders, and side hustlers — if you’ve got an ABN, we’ve got your tax return sorted. No more confusing forms, no overpriced accountants, and definitely no ATO-induced headaches. Just a simple, fast, online tax return system — built for you. At GoTax
Self-Employed: 2025 Tax & Compliance Guide Published: August 2025 Running your own show in 2025? Whether you're a tradie, freelancer, consultant or creative, being self-employed means juggling jobs, clients and the ATO. But don’t panic—this guide is your secret weapon. Do I Need an ABN? Yes. If you’re invoicing clients or selling goods/services regul
Tax Deductions for Working Holiday Makers: What You Can (and Can’t) Claim Let’s talk tax deductions, because there’s a bit of gold hiding in that payslip—if you know where to look. Working holiday makers (WHMs) can claim a range of work-related tax deductions, but only for costs that directly relate to earning income. Forget the fantasy claims—this isn’t a ta
Claiming Personal Super Contributions in 2025 Published: August 2025 Looking to lower your tax and grow your future retirement fund? You, my savvy friend, are in the right place. Personal super contributions might just be the tax-smart move your wallet's been crying out for. And with GoTax? It’s never been easier. What is a Personal Super Contribution? It’s when you t
Part-Year Tax-Free Threshold – Explained Simply What’s the Part-Year Tax-Free Threshold? If you become or stop being an Australian tax resident partway through the year, you don’t get the full $18,200 tax-free threshold. Instead, you get a smaller version, based on how many months you were a resident. How’s It Calculated? You get: $13,464 flat amo