Canberra Tax Solutions

13/07/2026

We get it, the names don't help!

Here’s a quick breakdown:
👉 Medicare levy = an amount most of us pay (in addition to tax) to help fund Medicare

👉 Medicare levy surcharge = an extra charge you MAY need to pay if:
- you earn above a certain amount, and
- you and your family don't have appropriate private hospital cover.

Both payments are calculated when you lodge your return, so you might see one, or both included in the calculation of your tax payable or refund.

If you have to pay Medicare levy or Medicare levy surcharge or both, the amount you pay depends on your income.

10/07/2026

30/06/2026

Good boss move ✔️

Finalise your Single Touch Payroll (STP) data by 14 July.

The sooner you do it = the sooner your employees can lodge their tax return ✅

25/06/2026

📢 2026 Tax Return Appointments Now Open!

We are now taking appointment bookings for 2026 tax returns from Monday, 13 July 2026.

⏰ Don't lodge too early! Last year, the ATO amended 595,000 tax returns because people lodged before all their income and tax information had been reported. Lodging too soon can lead to delays, amendments, or missed deductions.

We'll make sure your tax return is prepared accurately with the latest information available, helping you maximise your refund while staying compliant.

📅 Appointments from 13 July 2026 are filling quickly.

📞 Contact us today to book your tax appointment!

25/06/2026

Your family income is used to calculate your private health insurance (PHI) rebate.

⚠️ Underreporting your spouse’s income can = the wrong rebate, and = a reduced refund or a tax bill!

✅ How to avoid a tax bill
Report your spouse’s full income in your tax return, including any:
💼 salary packaging & fringe benefits
🏠 net rental or investment losses
💰 extra super contributions.

(A reasonable estimate is ok.)

11/06/2026

A commonly misunderstood fact about travel to and from your workplace.

02/06/2026

Use a car for work? 🚗

You can claim a deduction for work-related trips as long as you have a record to prove it. There’s no 'maximum kms with no records' rule - that’s fake news.

You’ll need to show that you own or lease the car, that you spent the money yourself and weren’t reimbursed, and how you’ve calculated your work-related kilometres. The easiest ways are to keep a diary or use the myDeductions tool in our app.

Work out your deduction using one of the 2 methods per car - Cents per km or Logbook method.