Tax Myths vs Facts
Let’s bust some of the biggest tax deduction myths we hear every year!
Declaring Side Gigs & Platform Income
Let’s talk about side gigs and platform income , what you need to declare and how to stay compliant.
Key Tax, Super & Financial Changes from 1 July 2026
A new financial year means some important changes that could affect your tax, super and finances. Here are a few key updates in this video.
Understanding the Tax Gap and Why Accuracy Matters
The tax system relies on trust and accuracy but gaps still exist between what should be paid and what actually is. Known as the ‘tax gap’ this difference highlights the impact of errors, omissions, and non-compliance across the system. Understanding why it occurs and why accurate reporting matters is essential for individuals and businesses alike. […]
The Golden Rule Most People Get Wrong About Business Expenses
Smart business deductions are one of the simplest ways to legally reduce your taxable profit and keep more cash in your business. Any expense you incur while earning business income can potentially be claimed, provided it’s directly related to running the business, not private use, and you can prove it with proper records. The golden […]
Tax Scams : Here’s How to Stay Safe
Tax scams are becoming increasingly sophisticated, targeting individuals and businesses with convincing emails, calls, and online messages. Understanding the warning signs can help you protect your personal information and avoid costly mistakes. Note: This information is for general guidance only and may not suit your individual circumstances. Please consult a qualified professional before taking action. […]
Declaring Rental Income
Earning money from renting out property whether here in Australia or overseas comes with specific reporting requirements. At Elite Tax Success, we guide landlords through exactly what needs to be declared so there are no surprises at tax time. Note: This information is for general guidance only and may not suit your individual circumstances. Please […]
Understanding Capital Gains Tax ( CGT)
Whether you’re selling business assets, commercial property, or intellectual property, Capital Gains Tax or CGT can apply. In this video, we’ll unpack how CGT works for businesses, and when special rules or concessions apply. Note: This information is for general guidance only and may not suit your individual circumstances. Please consult a qualified professional before […]
Individuals and Families – Tools and Equipment
If you use tools or equipment for your job, you may be eligible to claim a tax deduction including repairs, insurance, and even interest on borrowed money used to purchase those items. Note: This information is for general guidance only and may not suit your individual circumstances. Please consult a qualified professional before taking action.
INTERESTS – Tax Facts
Did you know? If you take a loan to buy a rental property, the interest you pay can be a major tax deduction! 📉 Here’s how it works: If the loan is fully used for the rental, you can deduct 100% of the interest from your taxable income. For example, if you pay $10,000 in […]