Taxes
19 articles from the BTMH team.
How to calculate GST: why you divide by 11, not 10
GST is 10% of the price before GST, which means it is one-eleventh of the price your customer pays. Take 10% off the total and you overpay the ATO on every invoice. Here is the arithmetic, both directions, with the shortcuts worth memorising.
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Working from home deduction: what the 70c rate actually means
Working from home? You can claim related costs as a cents-per-hour worked method. ATO allows a claim of 70c per hour worked from home. Here’s how it works and where…
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Has your business crossed a GST threshold? Here’s what changes from 1 July 2026
If your GST turnover has dropped below the $75,000 threshold, you may be eligible to cancel GST registration or move to simpler reporting options from 1 July.From 1 July 2026,…
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FBT 2026 – how we approach it with clients
Before lodging electronically, FBT, the key step is to confirm what employee-related expenses exist and whether they create an FBT obligation. This is how we approach it with clients. 1….
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FEDERAL BUDGET 2026-27: What it means for your business
The Federal Budget has landed – and there’s quite a bit in it that affects how you run and structure your business. Here’s what you need to know, and what…
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Federal Budget 2026–27: What it means for your personal finances
Every budget brings change – but this one has some real bite for investors, especially owners of investment properties. Here’s what the 2026–27 Federal Budget means for your personal finances,…
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Fuel Response Payment Plan – our approach to assessing if you qualify
Fuel Response Payment Plan – our approach to assessing if you qualify Fuel Response Payment Plan is not a grant – it’s a fuel-related ATO payment arrangement for the taxes…
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Small business CGT concessions: what you should know
If you’re a small business owner in Australia planning to sell or restructure your business, capital gains tax (CGT) may apply. However, the Australian tax system offers small business CGT…
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Why should every business owner keep a travel diary?
When you travel for business – meeting clients, visiting suppliers or attending conferences – it’s important to keep clear records of your activities and expenses. This helps you claim tax…
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Smart moves: why Sydney small businesses need a tax expert?
Running a café, freelancing, or selling online in Sydney? Managing Australia’s tax system can get complicated fast. From GST to super obligations, staying compliant while optimising finances is challenging. A…
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FBT 2025 – What Employers Need to Know Before Lodging
The 2025 Fringe Benefits Tax (FBT) year officially closed on 31 March 2025, and employers across Australia should now be turning their attention to their FBT reporting and compliance obligations….
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Federal Budget 2025–26: What It Means for You and Your Business
Federal Budget 2025–26: What It Means for You and Your Business The Federal Budget for 2025–26, delivered on 25 March 2025, focuses on providing immediate support to households and businesses,…
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Guide to Australian Tax Updates: Income Tax Rates, Medicare Levy & SAPTO Changes
Where the individual tax brackets sit for the return you are lodging now and for the year in progress, plus the Medicare levy low-income thresholds and the SAPTO offsets – with the year each figure belongs to stated, because they move every July.
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Reduce the Cost of Your Energy Bills with Smart Upgrades
Small changes around your home or business can make a significant impact on your energy bills. With the growing availability of energy-efficient appliances, it’s easier than ever to save energy,…
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ATO Lifestyle Assets Data-Matching Program
The Australian Taxation Office (ATO) has announced a New Data-Matching Program targeting lifestyle assets. This initiative aims to enhance tax compliance and provide a clearer understanding of taxpayers’ assets. The…
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ABN vs TFN: Understanding the differences
A TFN is your private tax identifier and you need one if you earn money in Australia. An ABN is your business's public identifier and you only need one if you run a business. Many people hold both.
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TAX FUNDAMENTALS
Australian taxes are complex, and our primary job is to make you navigate and be compliant with all of them. To make our job more efficient, it helps if you…
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Key Changes from the 2024-25 Federal Budget that may affect you
With the new financial year just around the corner, we will soon see a few new taxation changes come into effect. Being formally publicised during the 2024-25 federal budget, some of the new changes t
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Preparing Yourself for Your Tax Return
What to bring to your tax appointment, and what to have ready before you arrive, so the return can be finished in one visit rather than three.
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