Paul Money Partners

🗣️ “I’ve started a second job. Am I going to pay more tax?”

This is one of the most common questions we hear.
The short answer: No, not simply because you have two jobs.

Your tax is calculated on your total income for the year, regardless of how many employers you have.

The biggest issue we see is people accidentally claiming the tax-free threshold from multiple employers, which can lead to an unexpected tax bill at tax time.

If you’ve recently started a second job, make sure you’ve completed your TFN declaration correctly and understand how the tax-free threshold works. 👉

Many Australians support charities and community organisations throughout the year, but not all contributions are tax deductible.

To claim a deduction, the donation generally needs to be:
✅ $2 or more
✅ Made to a registered Deductible Gift Recipient (DGR)
✅ Supported by a receipt or record

A common mistake is claiming fundraising event tickets, raffle tickets or auction purchases. Because you receive something in return, these are generally not deductible gifts.

Before lodging your tax return, take a moment to gather your donation receipts and ensure the organisation is registered as a DGR.

💭 Remember, while a tax deduction is nice, donating should always be about supporting a cause you care about, not getting a tax refund.

🗣️”Can I claim my work clothes?”

It’s one of the most common questions we receive each year.

The simple rule is that clothing must generally be either:
👉A compulsory uniform
👉Occupation-specific clothing
👉Protective clothing

Many people are surprised to learn that standard business attire, suits, dresses, black pants and black shoes are usually not deductible, even if they’re only worn to work.

If you’re claiming clothing expenses this tax season, make sure you understand the rules before lodging your return 👀

🚗 Can you claim your car on tax?
This is one of the most misunderstood deductions.

Many people assume they can claim the drive from home to work. In most cases, that’s a private expense and not deductible.

However, travel between workplaces, client visits, multiple job sites and other work-related trips may be claimable. 👀

The biggest mistake we see isn’t claiming too little, it’s claiming trips that aren’t deductible in the first place.

If you’re using your car for work, make sure you’re keeping the right records and understand which trips qualify. 👉👉

Happy New Financial Year! 🎉

A new financial year isn’t just about tax returns and compliance obligations. It’s an opportunity to reset, review your goals and put plans in place for the year ahead.

Whether you’re running a business, building wealth, investing for the future or simply looking to get on top of your finances, the decisions you make now can have a significant impact over the next 12 months.

From all of us at Paul Money Partners, thank you for your continued support and trust. 🤝

We look forward to helping you make 2026/27 your best financial year yet.

Despite the noise around the economy right now, there are still businesses growing, hiring and performing really well 👏

The difference usually isn’t luck.

The businesses winning right now are:
-Staying proactive
-Understanding their numbers
-Making decisions early
-And adapting quickly

If you’d like clarity on where your business stands today, get in touch with our team. 📧

📣 Super isn’t just a retirement account.
It’s one of the most effective tax strategies available.

✅ Lower tax.
✅ Long-term growth.
✅ Better outcomes.

But only if you use it properly 👉

Budget night is done ✅

Some genuine wins for workers and small business… but also some BIG proposed changes around property, CGT and trusts.

There’s a lot to unpack over the coming weeks.

If you’re a business owner, investor or operate through a trust, now is the time to start paying attention.

📩 Reach out if you want to understand how these changes could impact you.

Al is everywhere right now 🤖

But in accounting, it’s not about replacing people, it’s about improving how things get done.

The basics get faster. ⚡️
The advice gets better. 💡

👉 Swipe to see what actually matters

Profit looks great on paper.
Cash is what actually pays the bills.

It’s more common than you think 😅 .. profitable businesses under pressure because cash isn’t there when it’s needed.

Understand both, stay in control.

Swipe 👉