{"id":47250,"date":"2025-07-02T19:30:08","date_gmt":"2025-07-02T08:30:08","guid":{"rendered":"https:\/\/www.airtasker.com\/blog\/?p=47250"},"modified":"2025-07-02T19:30:08","modified_gmt":"2025-07-02T08:30:08","slug":"tax-season-tips","status":"publish","type":"post","link":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/","title":{"rendered":"Tax season tips for Australians"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">The 2025 tax season is officially here, and with it comes the familiar dance of hunting down paperwork, circling deadlines on your calendar, and crossing your fingers for a decent refund. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The good news is that this year also might bring noteworthy benefits for employees, small business owners, and investors.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So, what<\/span><span data-preserver-spaces=\"true\"> do you <\/span><span data-preserver-spaces=\"true\">actually<\/span><span data-preserver-spaces=\"true\"> need to know before that October filing deadline hits?<\/span><span data-preserver-spaces=\"true\"> This guide outlines some of the essential documents you\u2019ll likely need and highlights <\/span><span data-preserver-spaces=\"true\">some<\/span><span data-preserver-spaces=\"true\"> changes that could affect your refund.\u00a0<\/span><\/p>\n<div class=\"tip\">\n<p><strong><span data-preserver-spaces=\"true\">Disclaimer<\/span><\/strong><span data-preserver-spaces=\"true\">: <\/span><em><span data-preserver-spaces=\"true\">This article contains general information only. The information provided here is not advice and should not be relied upon as such. <\/span><span data-preserver-spaces=\"true\">It is your responsibility to seek your <\/span><span data-preserver-spaces=\"true\">own<\/span><span data-preserver-spaces=\"true\"> information from reputable sources and <\/span><span data-preserver-spaces=\"true\">consult<\/span><span data-preserver-spaces=\"true\"> a qualified expert.<\/span><\/em><\/p>\n<\/div>\n<h2><span data-preserver-spaces=\"true\">Australian Tax Deadlines for 2025<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The Australian Taxation Office (ATO) has strict filing deadlines for the 2024-2025 financial year, with penalties starting at <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.news.com.au\/finance\/economy\/millions-of-aussies-warned-over-313-fine\/news-story\/fa0ba988914eb0dcccffd42e49235923\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">$313 per 28 days<\/span><\/a><span data-preserver-spaces=\"true\"> for late lodgements. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To help you prepare, remember these dates to avoid <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/paying-the-ato\/interest-and-penalties\/penalties\/failure-to-lodge-on-time-penalty\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">tax return penalties<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Date<\/b><\/td>\n<td><b>Key Information<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1 July 2025<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tax season opens<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">31 October 2025<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Final self-lodgement deadline<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">15 May 2026<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Maximum extension for registered tax agent clients only<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span data-preserver-spaces=\"true\">Concerned about missing the October deadline? According to the ATO, extensions are primarily available through registered tax agents under their <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/tax-and-super-professionals\/for-tax-professionals\/prepare-and-lodge\/lodgment-program-deferrals\/how-lodgment-deferrals-work\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">lodgment program<\/span><\/a><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ATO explicitly states that you must contact your <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.airtasker.com\/blog\/choosing-the-right-tax-practitioner\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">chosen tax practitioner<\/span><\/a> <span data-preserver-spaces=\"true\">before 31 October 2025<\/span><span data-preserver-spaces=\"true\"> and be <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/tax-and-super-professionals\/digital-services\/practitioner-lodgment-service\/practitioner-lodgment-service-user-guide\/before-you-start-to-lodge\/adding-clients-to-your-client-list\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">added to their client list<\/span><\/a><span data-preserver-spaces=\"true\"> to qualify for their extended lodgment dates. <\/span><\/p>\n<h2>Tax prep checklist<\/h2>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-47254\" src=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185522\/tax-return-australia.jpg\" alt=\"\" width=\"1200\" height=\"798\" srcset=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185522\/tax-return-australia.jpg 1200w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185522\/tax-return-australia-150x100.jpg 150w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185522\/tax-return-australia-768x511.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/h3>\n<h3>Income Documents<\/h3>\n<p><span data-preserver-spaces=\"true\">Income documents show all the income you\u2019ve earned throughout the financial year. The ATO requires these records to calculate how much tax you should pay. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While many income details <\/span><span data-preserver-spaces=\"true\">are <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/your-tax-return\/how-to-lodge-your-tax-return\/lodge-your-tax-return-online-with-mytax\/pre-fill-availability\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">automatically reported<\/span><\/a><span data-preserver-spaces=\"true\"> to the ATO, <\/span><span data-preserver-spaces=\"true\">it&#8217;s<\/span><span data-preserver-spaces=\"true\"> your responsibility to<\/span><span data-preserver-spaces=\"true\"> check and ensure that everything is correctly declared. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Missing income can trigger audits and <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/paying-the-ato\/interest-and-penalties\/penalties\/penalties-for-making-false-or-misleading-statements\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">additional penalties<\/span><\/a><span data-preserver-spaces=\"true\">, so it\u2019s important to ensure you\u2019ve included everything.<\/span><\/p>\n<ul>\n<li><strong>Income Statements<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">Income Statements are usually digital records that show your total earnings from employment, including any tax withheld by your employer throughout the financial year. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">They should also include <\/span><span data-preserver-spaces=\"true\">details like<\/span> <a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/super-for-individuals-and-families\/super\/growing-and-keeping-track-of-your-super\/how-to-save-more-in-your-super\/personal-super-contributions\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">superannuation contributions<\/span><\/a><span data-preserver-spaces=\"true\">, allowances, and <\/span><span data-preserver-spaces=\"true\">any<\/span><span data-preserver-spaces=\"true\"> reportable fringe benefits.<\/span><\/p>\n<ul>\n<li><strong>Additional Income<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">If <\/span><span data-preserver-spaces=\"true\">you&#8217;ve<\/span><span data-preserver-spaces=\"true\"> earned money by completing tasks on Airtasker, it\u2019s considered <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/not-for-profit-organisations\/your-organisation\/in-detail\/income-tax\/mutuality-and-taxable-income-for-not-for-profits\/classifying-revenue\/assessable-income\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">assessable income<\/span><\/a><span data-preserver-spaces=\"true\"> and must <\/span><span data-preserver-spaces=\"true\">be declared<\/span><span data-preserver-spaces=\"true\"> in your tax return. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ATO <\/span><span data-preserver-spaces=\"true\">considers<\/span><span data-preserver-spaces=\"true\"> Airtasker and similar platforms under the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/sharing-economy-and-tax\/types-of-activities-in-the-sharing-economy\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">sharing economy<\/span><\/a><span data-preserver-spaces=\"true\">, where you provide services like cleaning, handiwork, deliveries, or odd jobs. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> applies whether you\u2019re registered as a business or doing it casually.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For this, the ATO recommends keeping records of all <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/sharing-economy-and-tax\/providing-services\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">income earned and expenses claimed<\/span><\/a><span data-preserver-spaces=\"true\">, regardless of how often you provide services.\u00a0<\/span><\/p>\n<div class=\"tip\"><strong>Also read: <a class=\"editor-rtfLink\" href=\"https:\/\/support.airtasker.com\/hc\/en-au\/articles\/221782347-How-do-taxes-work-on-Airtasker\" target=\"_blank\" rel=\"noopener\">How tax works for Taskers<\/a><\/strong><\/div>\n<ul>\n<li><strong>Bank Statements<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">Bank statements can <\/span><span data-preserver-spaces=\"true\">provide a record of<\/span><span data-preserver-spaces=\"true\"> interest income earned through savings accounts, term deposits, or other banking products. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This interest is considered assessable income and must <\/span><span data-preserver-spaces=\"true\">be reported<\/span><span data-preserver-spaces=\"true\"> in your tax return.<\/span><\/p>\n<ul>\n<li><strong>Government Payment Summaries<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">These documents detail any taxable <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/income-you-must-declare\/government-payments-and-allowances\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">government payments<\/span><\/a><span data-preserver-spaces=\"true\"> you received from Centrelink or the Department of Veterans\u2019 Affairs, such as the age pension, JobSeeker payment, or veteran payments. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ATO uses this information to calculate your total taxable income.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Investment Income Evidence<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">Includes documents such as dividend statements, managed fund distribution summaries, and annual tax statements. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These often include <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/not-for-profit-organisations\/your-organisation\/investments-credits-and-refunds\/franking-credits\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">franking credits<\/span><\/a><span data-preserver-spaces=\"true\">, which may reduce the amount of tax you owe or boost your refund, depending on whether you are eligible.<\/span><\/p>\n<ul>\n<li><strong>Rental Property Income<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">If you own a rental property, you\u2019ll need statements from your property manager or your <\/span><span data-preserver-spaces=\"true\">own<\/span><span data-preserver-spaces=\"true\"> records showing all <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/investments-and-assets\/property-and-land\/residential-rental-properties\/rental-income-you-must-declare\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">rental income received<\/span><\/a><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> includes rent, back-payments and\u00a0lump-sums, as <\/span><span data-preserver-spaces=\"true\">all rental property income must be declared<\/span><span data-preserver-spaces=\"true\"> in your tax return.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Foreign Income Documents<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">These are records of <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/income-you-must-declare\/foreign-and-worldwide-income\/australian-resident-foreign-and-worldwide-income\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">income earned overseas<\/span><\/a><span data-preserver-spaces=\"true\">, such as wages or investments. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Foreign income must be converted into Australian dollars using the relevant exchange rate and declared in your tax return, even if <\/span><span data-preserver-spaces=\"true\">tax was paid<\/span><span data-preserver-spaces=\"true\"> overseas.<\/span><\/p>\n<div class=\"tip\">\n<p><strong><span data-preserver-spaces=\"true\">Tip<\/span><\/strong><span data-preserver-spaces=\"true\">:<\/span> To check your digital income documents, log in to <a class=\"editor-rtfLink\" href=\"https:\/\/login.my.gov.au\/las\/mygov-login?execution=e1s1\" target=\"_blank\" rel=\"noopener\">myGov<\/a>, access the ATO section, and verify that the record shows \u201cTax ready\u201d status.<\/p>\n<p>If any problems appear (missing employers, incorrect amounts, or \u201c<a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/jobs-and-employment-types\/working-as-an-employee\/income-statements\/income-statement-not-tax-ready\" target=\"_blank\" rel=\"noopener\">Not tax ready<\/a>&#8221; status), you may need to amend <a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/your-tax-return\/amend-your-tax-return\/how-to-request-an-amendment-to-your-tax-return\" target=\"_blank\" rel=\"noopener\">your tax return<\/a> and contact your employer for corrections.<\/p>\n<\/div>\n<h3>Investment records<\/h3>\n<p><span data-preserver-spaces=\"true\">Dabbling in investments? Whether it\u2019s shares, ETFs, rental properties, or other assets, the ATO is <\/span><span data-preserver-spaces=\"true\">keeping an eye on<\/span><span data-preserver-spaces=\"true\"> how your <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/preparing-lodging-and-paying\/third-party-reporting\/annual-investment-income-report\/what-to-report-in-the-aiir\/reporting-investment-income\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">investment income<\/span><\/a><span data-preserver-spaces=\"true\"> has worked for you this year. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To help with your tax preparation, the ATO recommends keeping good records of the following:<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Share and ETF Trading Records<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">These include all purchase and sale confirmations, <\/span><span data-preserver-spaces=\"true\">showing<\/span><span data-preserver-spaces=\"true\"> transaction dates, prices, and brokerage fees. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Your <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/investments-and-assets\/shares-funds-and-trusts\/exchange-traded-funds\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">share and trading records<\/span><\/a><span data-preserver-spaces=\"true\"> are essential for calculating capital gains or losses, which <\/span><span data-preserver-spaces=\"true\">must be reported<\/span><span data-preserver-spaces=\"true\"> in your tax return if you sold any investments during the financial year.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Dividend Statements<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">Dividend statements should show how much you were paid by companies or managed funds and include any franking credits. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Franking credits represent tax already paid by the company and may be able to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/forms-and-instructions\/you-and-your-shares-2022\/dividends-distributions-and-tax-on-amounts-you-receive\/effect-on-tax-payable?anchor=Effectontaxpayable#Effectontaxpayable\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">offset your <\/span><span data-preserver-spaces=\"true\">own<\/span><span data-preserver-spaces=\"true\"> tax liability<\/span><\/a><span data-preserver-spaces=\"true\">, which may reduce the amount you owe or increase your refund.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Employee Share Scheme Statements<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">If you receive shares through your employer, you\u2019ll need the Employee Share Scheme (ESS) statement, which your employer must provide <\/span><span data-preserver-spaces=\"true\">to you<\/span> <span data-preserver-spaces=\"true\">by <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/corporate-tax-measures-and-assurance\/employee-share-schemes\/in-detail\/employer-reporting-requirements\/reporting-requirements-for-employers#:~:text=In%20the%20financial%20year%20the%20employee%20acquired%20the%20right%2C%20you,end%20of%20the%20financial%20year.\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">14 July<\/span><\/a><span data-preserver-spaces=\"true\"> 2025<\/span><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This document outlines any taxable benefits from the scheme, and you will need it for accurate reporting to the ATO.<\/span><\/p>\n<ul>\n<li><strong>Business or ABN Earnings Documentation<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">If you are a sole trader or operate under an ABN, <\/span><span data-preserver-spaces=\"true\">you need to<\/span><span data-preserver-spaces=\"true\"> keep invoices, receipts, bank statements, and BAS (<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/preparing-lodging-and-paying\/reports-and-returns\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Business Activity Statement<\/span><\/a><span data-preserver-spaces=\"true\">) records.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These documents support your declared income and deductions and are essential for accurate reporting and GST compliance.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-47256\" src=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185631\/filing-taxes.jpg\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185631\/filing-taxes.jpg 1200w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185631\/filing-taxes-150x100.jpg 150w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185631\/filing-taxes-768x512.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<h3>Deduction documents<\/h3>\n<p><span data-preserver-spaces=\"true\">If you are eligible to claim any deductions, this may <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/deductions-you-can-claim\/how-to-claim-deductions#:~:text=You%20can%20claim%20some%20of,Deductions%20reduce%20your%20taxable%20income.\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">reduce your taxable income<\/span><\/a><span data-preserver-spaces=\"true\">.\u00a0 <\/span><span data-preserver-spaces=\"true\">To claim deductions,<\/span><span data-preserver-spaces=\"true\"> the ATO requires proper documentation to back up every claim.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Without evidence, the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/media-centre\/ato-unveils-wild-tax-deduction-attempts-and-priorities-for-2025\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">ATO may deny deductions<\/span><\/a><span data-preserver-spaces=\"true\"> and can potentially issue penalties. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Here are some examples of what you may be able to claim. For the <\/span><span data-preserver-spaces=\"true\">full<\/span><span data-preserver-spaces=\"true\"> list, visit the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/deductions-you-can-claim\/investments-insurance-and-super\/income-protection-insurance\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">ATO website<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Work-Related Expenses Receipts<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">These are records for items you had to purchase specifically for your job, such as work uniforms, tools, and home office equipment. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ATO allows <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/records-you-need-to-keep#Totalworkexpenses300orless\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">claims up to $300<\/span><\/a><span data-preserver-spaces=\"true\"> without receipts, but you\u2019ll still need to explain how you calculated the expenses and how they relate to your work.\u00a0<\/span><\/p>\n<ul>\n<li><strong>Valid Charitable Donations<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">To claim any charitable donations, you will need receipts for <\/span><span data-preserver-spaces=\"true\">donations<\/span><span data-preserver-spaces=\"true\"> made to registered charities with <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/abr.business.gov.au\/Tools\/DgrListing\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Deductible Gift Recipient<\/span><\/a><span data-preserver-spaces=\"true\"> (DGR) status. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Only donations over $2 are deductible, and the receipt must show the charity\u2019s details and the donation amount to be accepted by the ATO.<\/span><\/p>\n<ul>\n<li><strong>Income Protection Insurance<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">If you pay for <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/deductions-you-can-claim\/investments-insurance-and-super\/income-protection-insurance\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">income protection insurance<\/span><\/a><span data-preserver-spaces=\"true\"> outside of your super fund, you <\/span><span data-preserver-spaces=\"true\">may be able to<\/span><span data-preserver-spaces=\"true\"> claim the premiums as a deduction.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To do this,<\/span><span data-preserver-spaces=\"true\"> you\u2019ll need the policy documents and receipts to confirm the payments and ensure the policy is eligible under ATO rules.<\/span><\/p>\n<ul>\n<li><strong>Work-from-Home Expenses<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">To claim home office deductions, you must keep records of <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/deductions-you-can-claim\/working-from-home-expenses\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">work-related costs<\/span><\/a><span data-preserver-spaces=\"true\"> such as electricity, internet, phone use, stationery, and equipment depreciation. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ATO offers several calculation methods, but all require accurate documentation to support your claims.<\/span><\/p>\n<ul>\n<li><strong>Rental Property Records<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">If you have an investment property, you should keep detailed records of all expenses, including council rates, strata fees, insurance, repairs, and loan interest. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These records support any deductions you <\/span><span data-preserver-spaces=\"true\">may be able to<\/span><span data-preserver-spaces=\"true\"> claim and must be kept for <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/investments-and-assets\/property-and-land\/residential-rental-properties\/records-for-rental-properties-and-holiday-homes\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">at least five years<\/span><\/a><span data-preserver-spaces=\"true\"> after you lodge your tax return.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-47257\" src=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02190811\/medical-health-insurance.jpg\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02190811\/medical-health-insurance.jpg 1200w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02190811\/medical-health-insurance-150x100.jpg 150w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02190811\/medical-health-insurance-768x512.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<h3>Medical and health insurance documents<\/h3>\n<p><span data-preserver-spaces=\"true\">The <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.privatehealth.gov.au\/health_insurance\/surcharges_incentives\/medicare_levy.htm\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Medicare levy<\/span><\/a><span data-preserver-spaces=\"true\"> is 2% for most taxpayers, while the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/medicare-and-private-health-insurance\/medicare-levy-surcharge\/paying-the-medicare-levy-surcharge\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Medicare levy surcharge<\/span><\/a><span data-preserver-spaces=\"true\"> is an additional 1-1.5% for higher income earners without private health insurance. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If you have private health insurance, having your documentation sorted so you can declare this on your Tax return may help you avoid paying more tax than you need to.<\/span><\/p>\n<ul>\n<li><strong>Private Health Insurance Statement<\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">If you have private health insurance, you should receive an annual statement from your <\/span><span data-preserver-spaces=\"true\">health<\/span><span data-preserver-spaces=\"true\"> insurer.\u00a0 <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This document should outline your level of coverage, the total premiums paid, and any <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.privatehealth.gov.au\/health_insurance\/surcharges_incentives\/insurance_rebate.htm\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Australian Government Rebate<\/span><\/a><span data-preserver-spaces=\"true\"> you received. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ATO uses this information to determine your liability for the Medicare Levy Surcharge and any private health insurance offset eligibility.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Medicare Levy Exemption Certificate<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">If you\u2019re not eligible for Medicare benefits, such as some temporary visa holders, <\/span><span data-preserver-spaces=\"true\">you\u2019ll need to<\/span><span data-preserver-spaces=\"true\"> obtain a <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.servicesaustralia.gov.au\/what-medicare-entitlement-statement?context=23266\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Medicare Entitlement Statement<\/span><\/a><span data-preserver-spaces=\"true\"> from <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.servicesaustralia.gov.au\/what-medicare-entitlement-statement?context=23266\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Services Australia<\/span><\/a><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This certificate is necessary to claim a full or partial exemption from the Medicare Levy when lodging your tax return.<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Dependent Details<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">You\u2019ll need to<\/span><span data-preserver-spaces=\"true\"> provide accurate details for any dependents included in your private health insurance policy. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> matters because family income thresholds for the Medicare Levy Surcharge may apply differently depending on your circumstances, and an <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/medicare-and-private-health-insurance\/medicare-levy-surcharge\/paying-the-medicare-levy-surcharge\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">additional surcharge of $1,500<\/span><\/a><span data-preserver-spaces=\"true\"> may apply for each dependent child after your first.<\/span><\/p>\n<div class=\"tip\">\n<p><strong><span data-preserver-spaces=\"true\">Tip<\/span><\/strong><span data-preserver-spaces=\"true\">: <\/span>Even though your health insurance details often come pre-filled in your tax return, always double-check that they\u2019re correct.<\/p>\n<p>Getting this wrong can lead to some pretty unwelcome surprises if the Medicare levy surcharge kicks in unexpectedly.<\/p>\n<\/div>\n<h2>Individual income tax rates and calculators<\/h2>\n<p><span data-preserver-spaces=\"true\">Thanks to changes under the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/treasury.gov.au\/sites\/default\/files\/2023-11\/foi-3455_0.pdf\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Stage 3 tax reforms<\/span><\/a><span data-preserver-spaces=\"true\">, from 1 July 2024, tax cuts will apply to all Australians earning above the tax-free threshold. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/treasury.gov.au\/sites\/default\/files\/2024-01\/tax-cuts-treasury-advice.pdf\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Treasury modelling<\/span><\/a><span data-preserver-spaces=\"true\">, most people will take home more of their pay, with the <\/span><span data-preserver-spaces=\"true\">biggest<\/span><span data-preserver-spaces=\"true\"> savings going to low and middle-income earners.<\/span><\/p>\n<div class=\"tip\"><b>Disclaimer<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">This article contains general information only. The information provided here is not advice and should not be relied upon as such. It is your responsibility to seek your own information from reputable sources and consult a qualified expert.<\/span><\/div>\n<div><\/div>\n<p><span style=\"font-weight: 400;\">Here\u2019s a quick look at the <\/span><a href=\"https:\/\/www.ato.gov.au\/tax-rates-and-codes\/tax-rates-australian-residents\"><span style=\"font-weight: 400;\">updated income tax rates<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.ato.gov.au\/about-ato\/new-legislation\/in-detail\/individuals\/individual-income-tax-rates-and-threshold-changes\"><span style=\"font-weight: 400;\">thresholds<\/span><\/a><span style=\"font-weight: 400;\"> taking effect from 1 July 2024:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Tax Rate<\/b><\/td>\n<td><b>Taxable Income<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$0 to $18,200<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">16%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$18,201 to $45,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">30%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$45,001 to $135,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">37%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$135,001 to $190,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">45%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$190,001+<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">The ATO offers several free online calculators that may assist you in estimating and planning for your tax obligations:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.ato.gov.au\/single-page-applications\/calculatorsandtools?anchor=IncomeTaxEstimator#IncomeTaxEstimator\/questions\"><b>Income Tax Estimator<\/b><\/a><span style=\"font-weight: 400;\"> &#8211; Calculate your expected refund or debt based on your specific circumstances, including income, deductions, and offsets<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.ato.gov.au\/single-page-applications\/calculatorsandtools?anchor=MedicareLevy#MedicareLevy\/questions\"><b>Medicare Levy Calculator<\/b><\/a><span style=\"font-weight: 400;\"> &#8211; Determine your Medicare levy obligations, including potential reductions or exemptions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.ato.gov.au\/single-page-applications\/calculatorsandtools?anchor=TWC#TWC\/questions\"><b>Tax Withheld Calculator<\/b><\/a><span style=\"font-weight: 400;\"> &#8211; Estimate how much tax should be withheld from your salary or wages<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.ato.gov.au\/single-page-applications\/calculatorsandtools?anchor=STC#STC\/questions\"><b>Simple Tax Calculator<\/b><\/a><span style=\"font-weight: 400;\"> &#8211; A quick reference tool for estimating tax on specific income amounts<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-47258\" src=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02190837\/small-business-tax.jpg\" alt=\"\" width=\"1200\" height=\"801\" srcset=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02190837\/small-business-tax.jpg 1200w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02190837\/small-business-tax-150x100.jpg 150w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02190837\/small-business-tax-768x513.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<h2>Small Business Tax Essentials<\/h2>\n<p><span style=\"font-weight: 400;\">Running your own business means managing multiple tax obligations throughout the year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thankfully, most of these can be handled using accounting software or the ATO\u2019s online services. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you utilise these tools, then keeping track of your due dates is another aspect that is important to focus on.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Tax Report<\/b><\/td>\n<td><b>Due Dates<\/b><\/td>\n<td><b>Key Purpose<\/b><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/gst-excise-and-indirect-taxes\/gst\/lodging-your-bas-or-annual-gst-return\/options-for-reporting-and-paying-gst\/quarterly-gst-reporting\"><b>BAS Statements<\/b><\/a><\/td>\n<td><span style=\"font-weight: 400;\">Quarterly: 28 July, 28 October, 28 February, 28 April<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Report and pay GST, PAYG instalments and withholding<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/preparing-lodging-and-paying\/reports-and-returns\/income-tax-return#:~:text=Generally%2C%20the%20lodgment%20and%20payment,will%20lodge%20your%20tax%20return\"><b>Income Tax Return<\/b><\/a><\/td>\n<td><span style=\"font-weight: 400;\">31 October (individuals\/sole traders)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">28 February (companies)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Report all business income and claim deductions<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>GST Annual Return<\/b><\/td>\n<td><span style=\"font-weight: 400;\">At tax time (for eligible small businesses)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Alternative to quarterly GST reporting<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>PAYG Withholding<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Ongoing via Single Touch Payroll<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Report tax withheld from employee wages<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/hiring-and-paying-your-workers\/fringe-benefits-tax\/fbt-registration-lodgment-payment-and-reporting\/lodging-your-fbt-return-and-paying\"><b>Fringe Benefits Tax<\/b><\/a><\/td>\n<td><span style=\"font-weight: 400;\">21 May annually<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tax on non-cash benefits provided to employees<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span data-preserver-spaces=\"true\">Get expert tax <\/span><span data-preserver-spaces=\"true\">help<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Doing your taxes in Australia means keeping track of the key dates, having the <\/span><span data-preserver-spaces=\"true\">right<\/span><span data-preserver-spaces=\"true\"> documents, and understanding your <\/span><span data-preserver-spaces=\"true\">personal<\/span><span data-preserver-spaces=\"true\"> situation. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With the October deadline quickly approaching, why stress about your tax return when expert help is just a few clicks away?<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Book a <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.airtasker.com\/au\/services\/accounting\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">qualified tax accountant<\/span><\/a><span data-preserver-spaces=\"true\"> through Airtasker today! <\/span><span data-preserver-spaces=\"true\">Simply<\/span><span data-preserver-spaces=\"true\"> post your tax preparation task and receive competitive offers from individuals ready to help you navigate tax season successfully.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-47255\" src=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185605\/how-to-do-tax-returns.jpg\" alt=\"\" width=\"1200\" height=\"801\" srcset=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185605\/how-to-do-tax-returns.jpg 1200w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185605\/how-to-do-tax-returns-150x100.jpg 150w, https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02185605\/how-to-do-tax-returns-768x513.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<p><span data-preserver-spaces=\"true\">Remember \u2013 if you are engaging someone to help you with your tax filings, you should always verify that they have the appropriate qualifications.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Tax agents must <\/span><span data-preserver-spaces=\"true\">be registered<\/span><span data-preserver-spaces=\"true\"> with the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/your-tax-return\/how-to-lodge-your-tax-return\/lodge-your-tax-return-with-a-registered-tax-agent#ato-Choosingataxagent\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Tax Practitioners Board<\/span><\/a><span data-preserver-spaces=\"true\"> (TPB). Use this <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.tpb.gov.au\/public-register\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">TPB<\/span><\/a><span data-preserver-spaces=\"true\"> tool to assist with selecting a specific tax professional with the credentials or qualifications required for your job.<\/span><\/p>\n<hr \/>\n<h2><span data-preserver-spaces=\"true\">Frequently Asked Questions<\/span><\/h2>\n<h3><span data-preserver-spaces=\"true\">What is a NOA Notice of Assessment?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">A <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/your-tax-return\/your-notice-of-assessment\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Notice of Assessment<\/span><\/a><span data-preserver-spaces=\"true\"> is the official document the ATO sends after they\u2019ve processed your tax return. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">You need to keep this document, as it shows the amount of your refund or tax debt. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">You should receive it within a few weeks of lodging your tax return, proving that your return has <\/span><span data-preserver-spaces=\"true\">been finalised<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">What if I don\u2019t lodge by the deadline?\u00a0<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">According to the ATO, you\u2019ll cop a <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/paying-the-ato\/interest-and-penalties\/penalties\/failure-to-lodge-on-time-penalty\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">failure-to-lodge penalty<\/span><\/a><span data-preserver-spaces=\"true\"> that starts at $313 for individuals and can increase the longer you delay. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If you owe tax, you\u2019ll also face interest charges on <\/span><span data-preserver-spaces=\"true\">any<\/span><span data-preserver-spaces=\"true\"> unpaid amounts, so it\u2019s worth getting sorted ASAP.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Where can I access my Income Statement?\u00a0<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Log in to myGov and link it to the ATO, or use ATO online services directly with your tax file number. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Your income statement (formerly <\/span><span data-preserver-spaces=\"true\">called<\/span><span data-preserver-spaces=\"true\"> a payment summary) will be available from mid-July, showing all your employment income and tax withheld.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What you need to know this coming tax season<\/p>\n","protected":false},"author":2,"featured_media":47261,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[2844,2836],"language":["en-AU"],"class_list":["post-47250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tips","tag-tax-season-australia","tag-tax-tips"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax season tips for Australians - Airtasker Blog<\/title>\n<meta name=\"description\" content=\"This guide outlines some of the essential documents and other information you&#039;ll likely need to know this tax season.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax season tips for Australians - Airtasker Blog\" \/>\n<meta property=\"og:description\" content=\"This guide outlines some of the essential documents and other information you&#039;ll likely need to know this tax season.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/\" \/>\n<meta property=\"og:site_name\" content=\"Airtasker Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T08:30:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02191916\/tax-tips.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1248\" \/>\n\t<meta property=\"og:image:height\" content=\"702\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Airtasker\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Airtasker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax season tips for Australians - Airtasker Blog","description":"This guide outlines some of the essential documents and other information you'll likely need to know this tax season.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/","og_locale":"en_US","og_type":"article","og_title":"Tax season tips for Australians - Airtasker Blog","og_description":"This guide outlines some of the essential documents and other information you'll likely need to know this tax season.","og_url":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/","og_site_name":"Airtasker Blog","article_published_time":"2025-07-02T08:30:08+00:00","og_image":[{"width":1248,"height":702,"url":"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02191916\/tax-tips.jpg","type":"image\/jpeg"}],"author":"Airtasker","twitter_misc":{"Written by":"Airtasker","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/#article","isPartOf":{"@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/"},"author":{"name":"Airtasker","@id":"https:\/\/www.airtasker.com\/blog\/#\/schema\/person\/4a89b450c5ead95207053f4b9f89ac60"},"headline":"Tax season tips for Australians","datePublished":"2025-07-02T08:30:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/"},"wordCount":2117,"publisher":{"@id":"https:\/\/www.airtasker.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/#primaryimage"},"thumbnailUrl":"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02191916\/tax-tips.jpg","keywords":["tax season Australia","tax tips"],"articleSection":["Tips AU"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/","url":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/","name":"Tax season tips for Australians - Airtasker Blog","isPartOf":{"@id":"https:\/\/www.airtasker.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/#primaryimage"},"image":{"@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/#primaryimage"},"thumbnailUrl":"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02191916\/tax-tips.jpg","datePublished":"2025-07-02T08:30:08+00:00","description":"This guide outlines some of the essential documents and other information you'll likely need to know this tax season.","breadcrumb":{"@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.airtasker.com\/blog\/tax-season-tips\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/#primaryimage","url":"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02191916\/tax-tips.jpg","contentUrl":"https:\/\/airtasker-seo-wordpress-blog-assets-prod.s3.ap-southeast-2.amazonaws.com\/blog\/wp-content\/uploads\/2025\/07\/02191916\/tax-tips.jpg","width":1248,"height":702},{"@type":"BreadcrumbList","@id":"https:\/\/www.airtasker.com\/blog\/tax-season-tips\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.airtasker.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Tax season tips for Australians"}]},{"@type":"WebSite","@id":"https:\/\/www.airtasker.com\/blog\/#website","url":"https:\/\/www.airtasker.com\/blog\/","name":"Airtasker","description":"The skills you need to help get more done in your home, garden, office and life.","publisher":{"@id":"https:\/\/www.airtasker.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.airtasker.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/www.airtasker.com\/blog\/#organization","name":"Airtasker","url":"https:\/\/www.airtasker.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.airtasker.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.airtasker.com\/blog\/wp-content\/uploads\/2023\/01\/airtasker-logo.svg","contentUrl":"https:\/\/www.airtasker.com\/blog\/wp-content\/uploads\/2023\/01\/airtasker-logo.svg","width":148,"height":40,"caption":"Airtasker"},"image":{"@id":"https:\/\/www.airtasker.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.airtasker.com\/blog\/#\/schema\/person\/4a89b450c5ead95207053f4b9f89ac60","name":"Airtasker","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.airtasker.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ef4f6ce8e935cf303759965bfc6e5e46d8f48716055636c210468414ef2340f6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ef4f6ce8e935cf303759965bfc6e5e46d8f48716055636c210468414ef2340f6?s=96&d=mm&r=g","caption":"Airtasker"},"description":"Inspiring the world to get more done","sameAs":["http:\/\/airtasker.com\/blog\/"],"url":"https:\/\/www.airtasker.com\/blog\/author\/airtasker\/"}]}},"lang":"au","translations":{"au":47250},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/posts\/47250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/comments?post=47250"}],"version-history":[{"count":0,"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/posts\/47250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/media\/47261"}],"wp:attachment":[{"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/media?parent=47250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/categories?post=47250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/tags?post=47250"},{"taxonomy":"language","embeddable":true,"href":"https:\/\/www.airtasker.com\/blog\/wp-json\/wp\/v2\/language?post=47250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}