CMW Accountants

18/05/2026

To know what’s a ‘yay’ or a ‘nay’ when claiming a deduction, make sure you:

· know what deductions are related to your own job
· claim work-related expenses, not personal ones
· don’t copy your friend’s deductions, as they may not relate to you
· aren’t just rolling over last year’s deductions.

10/05/2026

26/04/2026

Feel-good vibes AND a tax deduction? Yes please! 🙌

You can claim a tax deduction for donations to organisations that have a deductible gift recipient (DGR) status. But not all charities and organisations have this.

Here’s how to check if you can claim:

1. Search for and open the ABN Lookup tool
2. Type in the name of the organisation
3. Select the right organisation from the list (pro tip: if it’s not listed, you can’t claim a deduction)
4. Scroll down to the ‘Deductible gift recipient status’ heading.

✔️ If it shows a status – yes! You can claim
❌ If it says ‘Not entitled’ – no deal. You can’t claim a tax deduction.

19/04/2026

22/03/2026

Here’s what you need to know 👇

If you sell, swap, or dispose of them in future, you may need to include a capital gain or loss in your tax return. So, it’s important to keep good records of ALL your crypto asset transactions. 💻

08/03/2026

Our top three tips to take control of your cash flow ⬇️

1. Separate it 👉 Keep the GST you collect separate from your cash flow
2. Don’t spend it 👉 You need it for your BAS
3. Pass it on 👉 Lodge and pay your BAS on time and in full. When you pay on time you’ll pay no interest.

01/02/2026

✔️ Yes, that’s a lot of unpaid super! But most employers are doing the right thing and paying the super guarantee without intervention from us.

To see how we’re protecting the retirement income of Aussie workers, check out our latest super guarantee compliance results 👇

21/12/2025

Have you heard of 'Pay as you go (PAYG) instalments'?

They're regular prepayments of your expected income tax for the year.

PAYG instalments help those with business or investment income plan ahead and manage their cashflow.

If your PAYG instalments will be more (or less) than your expected tax for the year, you can change the amount you pay. This’ll help your prepayment to be as close to your expected tax as possible. Be sure you don’t underestimate your instalments as penalties or general interest charge may apply!

There are two ways to vary your instalments:

1. by yourself, through your myGov account
2. through a registered tax agent.

14/12/2025

08/12/2025

Before they start stacking shelves or serving lattes, make sure they’ve got their TFN sorted.

👉 Fastest way is to apply online with myID (over 15 years old with Aussie passport).

👉 No passport or under 15? Apply via AusPost, a Services Australia centre or by mail.

Help them get set up before their first payday! 💰

30/11/2025

Rental renovations are considered ‘capital works’. When claiming any deductions for capital works, you must wait until the work is complete.