Heath Accounting Solutions

16/07/2026

What records do you need to keep for a work-related car expense claim? 🤔

The answer depends on the claim method you use.

✔️ If you're using the cents per kilometre method, you'll need to be able to show how you worked out your work-related kilometres if the ATO asks.

✔️ If you're using the logbook method, you'll need a valid logbook. This means keeping a logbook for a continuous 12-week period to work out your work-related use, along with records of your car expenses, such as fuel, servicing, insurance and registration.

*Your logbook can generally be used for up to five years, provided your pattern of car use doesn't substantially change.

14/07/2026

If claiming car expenses is on your tax-time checklist, read on.

Depending on your circumstances, there are two methods you can use to claim work-related car expenses:

🚗 The cents per kilometre method – claim a set rate for each work-related kilometre travelled, up to a maximum of 5,000 kilometres per car, per year.
🚗 The logbook method – claim the work-related percentage of your actual car expenses, supported by a valid logbook and records of your expenses.

The method that's right for you will depend on your circumstances and the records you have to support your claim.

09/07/2026

Car expenses are one of the most commonly claimed work-related deductions, but they're also one of the areas where the ATO sees mistakes made year after year. That's why, over the next week, we'll be taking a closer look at car expense claims - covering what you can claim, the different claim methods, and the records you'll need to support your deductions.

06/07/2026

Here are the important dates for small business owners to be aware of in July:

☑️ 14 July – Employers must issue PAYG withholding payment summaries to employees and other workers for payments not reported through STP.
☑️ 14 July - End of year finalisation declaration through STP due.
☑️ 21 July– Lodge and pay June BAS (if you lodge monthly).
☑️ 28 July – Lodge and pay Q4 (April – June) BAS (if you lodge quarterly).
☑️ 28 July - Final date for payment of Q4 (April–June) PAYG instalment notices (forms R and T) and, if varying the instalment amount, lodgment.
☑️ 28 July – Super guarantee contributions for Q4 (April – June) are due.

As always, if you need any assistance please send us a message or call us on 0438 018 348.

02/07/2026

Happy New Financial Year! ✨

A new financial year is a chance to reset, reflect and look ahead. Whether the past 12 months brought growth, challenges, or a bit of both, a fresh chapter starts now.

Here’s to new goals, fresh opportunities and making the year ahead count.

30/06/2026

Did you know? If you’re claiming a tax deduction and your total work-related expense claim is over $300, you’ll generally need to keep records to support it.

In most cases, the ATO requires receipts, invoices or other written evidence to show the expense, how much it cost, and that it relates to earning your income. These records should generally be kept for at least five years after you lodge your tax return.

24/06/2026

July 1 ushers in a raft of changes that will affect both workers and businesses.

From changes in superannuation payments and parental leave to an above-inflation increase in the minimum wage, here’s what you need to know.

Modest tax cuts, changes to the way superannuation is paid and a whole lot more – this is what’s changing from next week.

23/06/2026

With just one week to go until the end of financial year, tax time is almost here. If you’re already thinking about lodging your return, the ATO recommends waiting until your income statement is marked 'tax ready' and your details have been pre-filled. If you have a more complex tax return and have income from other sources it is a good idea to wait longer.

17/06/2026

If you’re thinking about making an extra super contribution, now is the time to act. ⏰

Depending on your circumstances, personal concessional contributions may be tax deductible, which can help reduce your taxable income while growing your retirement savings. To count this financial year, contributions must be received by your super fund before 30 June.

15/06/2026

Getting married involves organising a thousand things, so tax usually isn't top of mind. 💍

With incomes rising and tax thresholds shifting, more couples are being caught by tax rules they didn't expect, and the impact can be costly. From CGT risks to Medicare surcharges, here's what newlyweds need to know this tax time.

Getting married changes more than your name. From CGT risks to Medicare surcharges, here's what couples need to know.