CMW Accountants

13/07/2026

If you didn’t give the buyer a clearance certificate by settlement, you may have had 15% withheld from the sale price.

To get this credited or refunded, you’ll need to lodge a tax return.… even if your income was below the usual lodgment threshold.

05/07/2026

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 ✅

28/06/2026

21/06/2026

31/05/2026

If you’re an Aussie resident for tax purposes, and you earn income overseas, you may need to report it in your Australian tax return.

🌎 Worked abroad for a few months?
💻 Freelanced for an international client?
💸 Earned interest in a foreign bank account?

It all counts.

But, if you paid tax in another country, you might be able to claim a foreign income tax offset, so you don’t pay tax twice.

👉 Remember, many countries finish their tax year on 31 December, but ours runs from 1 July to 30 June. Keep this in mind when you’re collecting your information.

And don’t forget to convert your overseas income to Australian dollars!

24/05/2026

From 1 April to 30 June 2026, the fuel tax credit rate for petrol and diesel is 20.6 cents per litre.

This change is due to the 60.9% temporary reduction in fuel excise.

👉 If you claim fuel tax credits, this update may affect your next BAS.

Not sure what rate applies to you?

✅ The easiest way to get your claim right is to use our fuel tax credit calculator. It’s been updated with the new rates for this period.

Check below for more info!

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.