our latest news

Individuals




WorkSafe Workplace Manslaughter

The Revised Work Safe Workplace Manslaughter Policy | Are You at Risk?

Today, we’re going to be touching on a more serious topic: Workplace Manslaughter Yep! It’s not the prettiest of topics, but it’s something all business owners should be aware of when running a business. Especially in the industry of trades, hospitality, etc. Given Parliament recently passed a bill relating to the Workplace Safety Legislation amendments…

Read More
Dual Cab Utes - Do You Need a Logbook?

Dual Cab Utes & Keeping Logbooks – Do You Need One?

The simple answer – Yes! If ever in doubt on whether you should or shouldn’t have a logbook, our recommendation is always to have one. After all, it’s better to be safe, than sorry! The Australian Tax Office (ATO) have recently warned about tightening-up on their approach towards people who own vehicles through their businesses –…

Read More
How to Claim a Tax Deduction for Personal Super Contributions

How to Claim a Tax Deduction for Personal Super Contributions

This financial year, the ATO have been cracking down on personal super contribution claims because they are wanting to ensure that everyone is following the rules. For some, submitting a Notice of Intent before lodging your tax return seems to be a new process, however, it has been around for a while.  The reason you may only…

Read More
Declaring foreign income

ATO Crackdown! | Are You Declaring Foreign Income in Your Tax Return?

Have you been earning money overseas or have an overseas bank account that you deposit money into? Do you have assets or investments overseas? Have you been a bit naughty by “accidentally” omitting this income from your tax return? If so, this article applies to you.   What is Foreign Income? In simple terms, foreign…

Read More
low and middle income tax offset

What is the New $1080 low and middle income tax offset?

During the 2019–20 Federal Budget the Government announced its desire to change the policy regarding Personal Income Tax.  Recently, it was announced that these changes have been passed through and are law as a new income tax offset. So, what will this mean for you? And what is a tax offset in the first place?…

Read More

Claiming Work-Related Expenses | Part 2 – Claiming Car Expenses

As we mentioned in the first article of this series; “4 Things You Should Know Before Claiming Work-related Expenses“, you may be entitled to claim certain deductions for work-related expenses in your tax return. But: You must have spent the money out of your own pocket You mustn’t have been reimbursed for it already It…

Read More
Article on work-related expenses

Claiming Work-Related Expenses | Part 1 – 4 Things You Should Know!

When completing your tax return, you’re entitled to claim deductions for certain expenses directly related to your income.   To successfully claim a deduction for work-related expenses: You must have spent the money out of your own pocket You must have not been reimbursed for it already It must be directly related to earning your…

Read More
Late Tax Returns

Outstanding or Late Tax Returns? 2 Simple Tips to Fix Them.

As you may know, it’s compulsory for Australians to lodge a tax return every year. Despite this, late tax returns are more common than you think. Many taxpayers find themselves falling behind and are embarrassed upon realising that they have multiple years of outstanding tax returns – whoops! Time can fly by so quickly, that…

Read More
Tax Planning for Individuals

Why Year-End Tax Planning is Important, even for Individuals!

If you could pay less tax this year what would you do with the extra money? Would you use it to: Reduce your home loan? Top up your Superannuation fund? Save for your dream holiday? Buy a new car? Build a deposit for an investment property? Save for your child’s education? Year-end tax planning season…

Read More
A Guide to Capital Gains Tax

A Guide to Capital Gains Tax

“Capital Gains Tax (CGT)” – A word that many have heard of, but few completely understand. The world of tax can get a bit confusing. That’s why our team are here to help. In this article, we will aim to demystify Capital Gains Tax so that you can more feel comfortable with what you’re getting…

Read More


Download your FREE Business Tax Return Checklist

You have Successfully Subscribed!

Download your Property Investor - Starter Pack

Enter your email below to receive your FREE property and tax guide now.

By joining the Knox Tax community you will also remain up-to-date with the latest news and tips from our team.

Success! Your Property Investor Starter Pack is on its way

Download your Small Business Start-Up Pack

Enter your email below to receive your FREE business guide now.

By joining the Knox Tax community you will also remain up-to-date with the latest news and tips from our team.

Success! Your Small Business Starter Pack is on its way.