Grace Accounting and Business Solutions

16/06/2026

Got a side hustle? 🚗📦💻

The ATO may ask whether you’re running a business and if you have an ABN. Whether it’s delivery driving, cleaning, photography, tutoring, or selling online, don’t forget that some of this income may need to be included in your tax return.

A side hustle can make you extra money, but make sure you understand your tax obligations too! 💰✅

14/06/2026

💼 Are you a professional? Your membership fees could be tax deductible!
Many Aussies forget to claim the annual fees they pay to stay registered or maintain their professional memberships.
✅ Examples:
• Nurses – Nursing & Midwifery Board registration fees
• Accountants – CPA/CA membership fees
• Engineers – Engineers Australia membership
• Teachers – Teacher registration fees
• Tradies – Relevant union or industry association fees
Every situation is different, so make sure you check with your accountant before claiming.
Don’t leave money on the table this tax season! 💰

14/06/2026

Earn $80,000 a year in Australia? 🇦🇺
💰 Salary: $80,000
🧾 Income tax: ~$14,788
🏥 Medicare levy: ~$1,600
✅ Take-home pay: ~$63,612
That’s about $5,300 per month or $1,223 per week in your bank account.
Australia has a progressive tax system, so you don’t pay 30% on your entire income—only on the portion that falls within that tax bracket.
Did these numbers surprise you? 👇

13/06/2026

💰 Payday Super is coming!
From 1 July 2026, employers will need to pay super at the same time they pay wages. This means employees can see their retirement savings grow faster and reduce the risk of unpaid super.
Are you an employer? Now is the time to review your payroll systems and cash flow so you’re ready before the changes kick in.
Follow for more Aussie tax & finance tips! 🇦🇺

13/06/2026

Did you know? The same dollar in Australia can be taxed SIX times! 💸
Earn it → Income Tax
Keep it → Medicare Levy
Spend it → GST
Drive with it → Fuel Excise
Buy property → Stamp Duty
Invest it → Capital Gains Tax

13/06/2026

📩 Received a PAYG Instalment notice from the ATO? Don’t ignore it!

The ATO usually sends PAYG instalments if they expect you’ll have tax to pay on business income, investments, side hustles or rental properties. Ignoring it can lead to interest charges and a nasty surprise at tax time.

✅ You may be able to vary the instalment amount if your income has changed.
✅ Paying on time helps you avoid a big tax bill later.
✅ Not sure why you received it? Get professional advice before the due date.

Don’t wait until it’s too late! 💰

AustralianTax

13/06/2026

If you work in PBI/ not for profit companies in Australia, you can save upto $5,500 in taxes meaning your effective tax free threshold is $33k.

12/06/2026

When you can't claim a deduction
You can't claim a deduction for a self-education expense if, at the time you incur the expense:

it doesn't have a sufficient connection to your employment activities
you are not employed
it only relates in a general way to your employment activities – such as undertaking a full-time fashion photography course and working as a casual sales assistant on the weekends
it enables you to get new employment or change employment – such as a nurse completing a Medical degree to become a doctor or a café worker studying Hotel and Hospitality management.

Source: ATO Website

Deductions for self-education expenses if the education has a sufficient connection to your employment activities.

12/06/2026

You can claim a deduction for a self-education expense if, at the time you incur the expense, it has a sufficient connection to earning income from your employment activities.

Few examples from ATO website

12/06/2026

💡 Enrolled Nurse studying to become a Registered Nurse?
Your self-education expenses may be tax deductible if your studies maintain or improve the skills and knowledge required in your current nursing role.
This can include course fees, textbooks, stationery, student amenities fees, and even travel between work and your place of study in some circumstances.
Don’t leave money on the table this tax season! 🩺📚