Put simply, tax planning is a way of minimising the tax you pay. It’s a process of looking at your complete financial situation and projecting your future income in order to predict your tax liability and take advantage of opportunities to decrease your tax bill before the end of the financial year.

As you set your financial goals for 2021, don’t forget to think about Super. This year welcomes a series of changes to Australia’s superannuation scheme which are designed to give the employee more power and control over their future retirement investment.  

The Federal Budget has been delivered and it's all about jobs. In fact, in delivering his budget speech Josh Frydenberg said the word "jobs" 37 times in as many minutes. If you operate a small business that employs people, the budget brought with it some good news for you.

What is the new JobKeeper payment?

Now it is easier to claim your tax deductions for working from home.

We have all been flooded with so much information on what is going on all over the world right now - I'm not going to say the word, we've all heard and seen it way too much!

Nurses & Midwives: Work-related expenses

Source: Australian Tax Office

YOUtax are overwhelmed by the amount of support we have been receiving and we would like to reach out and say THANK YOU! Thank you to those who have gone out of their way to recommend YOUtax and leave glowing testimonials. Without you, we wouldn't have a growing business.

If you’re paying over 4%p.a. on your home loan you could be paying too much!

Before venturing out and renting all or part of your residential property for income producing purposes, know the tax implications beforehand.