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Are you about to lose a big chunk of your profit without realising it? You sell your investment property, check your bank account, and feel

Selling an investment property and expecting a big payday? Don’t celebrate too soon. Capital Gains Tax (CGT) can take a significant bite out of your profit at tax time. The good news? Understanding the rules can help you minimise tax and keep more of your hard-earned returns.

#Investment Property Tax Australia #Real Estate Tax Australia #Clear Tax Australia #Clear Tax

Missed the tax deadline? You can be penalised for lodging your tax return late in Australia. And no, ignoring it will not make it go away. T

Missed the tax deadline? Late tax returns in Australia can lead to penalties, and delaying it only makes things harder. But the good news is, acting early can help reduce the impact. If life got busy and your return is still pending, now’s the time to sort it before it gets worse.

#Tax-Return-Australia #Individual-Tax-Return #Clear-Tax-Accountants #Accounting-Australia

You don’t need to panic if you can’t pay your tax bill in full. Yes, that sinking feeling is real. You open the notice, see the amount, and

Can’t pay your tax bill in one hit? Don’t ignore it and hope it disappears. The stress is real, but the ATO offers payment plans so you can spread the cost over time. The key is acting early. Take control now before penalties, interest, and pressure start building up.

#Tax debt payment plan Australia #Registered tax agent Australia #Clear Tax Melbourne

Are you quietly paying more tax than you should… just because of your business structure? It happens more often than you think. You start sm

Many Australian business owners unknowingly pay extra tax simply because they never updated their business structure. What starts as a simple sole trader setup can become costly as income grows. In 2026, choosing the right structure could save you thousands in tax.

#sole trader tax Australia #company tax Australia #Clear Tax Australia

You are ready to buy property through your SMSF. The lender has given approval. The contract sits on the table. Everything seems to be movin

Everything’s ready—SMSF loan approved, contract in place, deal moving fast. Then comes one small question: when is the bare trust deed dated? Sounds minor, but it’s critical. A wrong date can trigger double stamp duty, delays, and serious compliance risks you don’t want.

#SMSF stamp duty rules Australia #SMSF property purchase checklist Australia #Clear Tax

A lot of Australian homeowners assume that if their home is exempt from capital gains tax, then the subdivided block must be too. That assum

Many Australian homeowners believe a CGT-free home means a subdivided block is also exempt—but that’s not always true. Once you subdivide, you create two assets, and the tax rules can change. Selling part of your land without understanding this can lead to unexpected tax costs.

#Subdivided land CGT Australia #CGT on subdivided property #Cost base subdivision Australia #Clear Tax Accountants

Buying a business without proper due diligence is like buying a house without looking inside. Would you hand over hundreds of thousands of

Buying a business without proper due diligence is like purchasing a house without stepping inside. You wouldn’t invest thousands just based on appearances—yet many do. Don’t rely on promises or polished numbers. Always conduct thorough checks before signing any deal.

#due diligence checklist Australia #business acquisition Australia #BAS statements Australia #Clear Tax Accountants

If work involves driving, tolls add up. Fast. The question comes up every year: can you claim tolls on tax? The short answer is yes. But onl

If your job involves driving, toll costs can add up fast. Can you claim them on tax? Yes—but only when the travel is work-related, not reimbursed, and properly recorded. Understanding these rules is essential to avoid mistakes and stay compliant with ATO guidelines.

#tolls tax deduction Australia #car expenses tax Australia #ATO rules for toll deductions #Clear Tax #Clear Tax Accountants

FIFO tax deductions are one of the most misunderstood areas in Australian tax. Every year, many FIFO workers either miss deductions they are

FIFO tax deductions are often misunderstood in Australia. Many FIFO workers either miss deductions they are entitled to or claim expenses the ATO does not allow — both of which can be costly. This guide explains FIFO tax deductions under current ATO rules, based on what commonly happens during audits.

#FIFO tax deductions Australia #FIFO tax rules ATO #FIFO workers tax return Australia #Clear Tax #Clear Tax Melbourne

If there is one tax question that causes more anxiety than almost any other, it is this: Does ATO check bank accounts? Short answer? Yes, bu

One tax question that creates serious stress is: Does the ATO check bank accounts? The short answer is yes — but not the way most people think. There’s no one randomly spying on everyday transactions. It’s data-driven, targeted, and structured — not dramatic, but definitely powerful.

#ato audit triggers #ato cryptocurrency reporting #ato tax compliance australia #Clear Tax Accountants #Clear Tax

If you operate through a company, one question matters more than most at tax time: Does the lower company tax rate apply? The answer depends

If you run your business through a company, one key question at tax time is: do you qualify for the lower company tax rate? It only applies if you meet the base rate entity tests. Being “small” isn’t enough — miss the criteria and the higher tax rate applies.

#Base Rate Entity Australia #Company Tax Rate Australia #Clear Tax Accountants #Clear Tax

Selling property in Australia used to be straightforward from a tax perspective. Now, there’s an extra layer that catches many sellers off g

Selling property in Australia isn’t as simple as it once was. Many sellers are caught off guard by the ATO clearance certificate rule. If it’s not provided at settlement, 15% of the total sale price — not the profit — can be withheld and paid directly to the ATO.

#ATO clearance certificate Australia #Selling property in Australia tax #Clear Tax Accountants #Clear Tax

Starting out as a sole trader feels simple: one person, one ABN, money comes in, and expenses go out. Then tax time arrives. The question th

Starting as a sole trader seems straightforward: one ABN, income in, expenses out. Then tax time hits. You’re not legally required to hire an accountant—but that’s not the real question. The real issue is time, risk, and whether costly mistakes will outweigh the savings on professional fees.

#Sole Trader Tax Australia #Sole Trader Accountant Australia #Sole Trader Deductions Australia #Clear Tax Accountants #Clear Tax

Have you ever stopped and asked yourself what would actually happen to your SMSF if you were gone tomorrow? Not in a vague, someday way, but

Have you ever truly considered what would happen to your SMSF if you weren’t here tomorrow? Not hypothetically—but practically. Who takes control? Who makes the decisions? Without the right structure in place, things can unravel fast. Avoiding this conversation can be a very costly mistake.

#SMSF succession planning #Superannuation Australia #SMSF corporate trustee #Clear Tax Accountants #Clear Tax

GST is one of those topics that sounds simple on paper: earn money, add 10% and lodge a BAS. Simple, right? But in reality, this is where ma

GST might look straightforward — earn income, add 10%, lodge your BAS. Easy, right? Not quite. This is where many sole traders slip up. GST registration rules are clear but often misunderstood, especially by freelancers, contractors, and side hustlers whose income grows quicker than they expect.

#GST penalties Australia #GST registration Australia 2026 #Clear Tax Accountants #Clear Tax

You decided to transfer property from SMSF to personal name. To you, it seems like just paperwork. But does the ATO see it like that, too? T

You might think transferring a property from your SMSF to your personal name is just paperwork. The ATO doesn’t. They treat it as a market-value sale. That move can trigger capital gains tax, stamp duty, and compliance issues. Simple on paper — risky if handled wrong.

#CGT on SMSF property #SMSF property rules Australia #SMSF Setup Services Melbourne #Clear Tax #Clear Tax Accountants

ATO benchmarks cause more anxiety than almost any other ATO concept. Many business owners hear the word “benchmark” and immediately think au

ATO benchmarks often create unnecessary stress for business owners. The term “benchmark” can sound like audits or penalties are coming. In reality, benchmarks aren’t hidden targets or automatic red flags. They’re simply comparison tools — not weapons against honest businesses.

#Australian Taxation Office benchmarks #Industry financial ratios Australia #Clear Tax #Clear Tax Accountants

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