Tax-R-Us Accounting

NOT THIS TAX YEAR
Labor's instant tax deduction will allow workers to knock $1,000 off their taxable income, without providing receipts, when they lodge their 2026-27 tax return.

Ever received a call from someone claiming to be the ATO?

We’ve updated our app so you can now:
✔️ verify in seconds whether it’s us
✔️ check before sharing any personal details
✔️ shut down scammers before they get a chance.

Saving for your first home? There’s an easy way to boost your deposit by up to $50k 🤑

The First Home Super Saver (FHSS) scheme lets you make voluntary contributions to your super and withdraw them when it’s time to buy your first home.

With the scheme, any money you put in your super:
• gets taxed at a lower rate than ordinary income
• gives you a 30% tax offset when you withdraw the assessable amounts
• has associated earnings calculated based on the shortfall interest charge rate
• is kept aside until you’re ready to use it.

Less tax = more savings! 💸

https://www.facebook.com/share/p/1Gk5sbKnmT/

A lot can change over time with a home loan.

Your rate may still be fine.
Or you could be paying more than you need to without realising it.

A simple home loan health check is a good way to compare where things are at today.

Here’s what you need to know 👇

If you sell, swap, or dispose of them in future, you may need to include a capital gain or loss in your tax return. So, it’s important to keep good records of ALL your crypto asset transactions. 💻

When using AI, it's important to keep your private info private 🤫

If you give your TFN, bank details or any other personal info to AI, you might lose control over where that data is stored and how it‘s shared.

AI tools aren't always built to protect sensitive info, and they might not keep your details secure. The more personal info you put in, the bigger the risk it could end up somewhere unsafe.

If you don’t want it to be public, it’s best to keep it private 🔒

ATO VIDEO ON THE NEW SUPER PAYMENTS

Countdown to Payday Super - 4 months to go Deputy Commissioner Emma Rosenzweig highlights the actions employers need to take now to get ready for Payday Super and prepare for paying super each payday fro...

$20,000 instant asset write-off for 2025–26

Published 3 February 2026
Find out if your business is eligible for the $20,000 instant asset write-off for the 2025–26 income year.

Have you purchased, upgraded or are you purchasing an asset?
If your business has an aggregated annual turnover of less than $10 million, you may be able to use the instant asset write-off (IAWO) to immediately deduct the business portion of the cost of eligible assets which cost less than $20,000.
Eligible assets must have been first used or installed ready for use for a taxable purpose between 1 July 2025 and 30 June 2026. The $20,000 limit applies on a per asset basis, so you can instantly write-off multiple assets.
If an eligible small business has previously claimed a deduction for an asset’s cost under the simplified depreciation rules in an earlier income year, they can also immediately deduct the first improvement cost for that asset. This applies as long as the improvement cost was incurred between 1 July 2025 and 30 June 2026 and is less than the $20,000 limit.
The IAWO can be used for both new and second-hand assets; some exclusions and limits apply. It is only available to eligible small businesses that use the simplified depreciation rules.
Assets costing $20,000 or more can continue to be placed into the general small business pool and depreciated at 15% in the first income year and 30% each following income year.
The usual rules for claiming deductions still apply, and you must have records to prove your claim.
Remember, it’s important to keep good records to help you or your tax professional work out your claim and be able to show us if required

Send a message to learn more

Christmas holidays