Jeffrey Todd & Associates Chartered Accountants

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Think you can spot a scam? What about misinformation? Most people know to be cautious of unexpected texts, emails or phone calls claiming to be from the ATO. But not every costly mistake starts with a scam. Sometimes it starts with information that sounds convincing but turns out to be wrong. The ATO is warning that misinformation found in search results, AI-generated summaries, websites and social media can lead people to make tax and super decisions based on incorrect or incomplete information....

Snippets - Jeffrey Todd & Associates Chartered Accountants Think you can spot a scam? What about misinformation? Most people know to be cautious of unexpected texts, emails or phone calls claiming to be from the

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Are your financial goals still realistic? Life rarely stands still. Career changes, growing families, property decisions and shifting personal priorities can quietly reshape what matters most to you financially. A goal that felt urgent five years ago may now be less relevant, while something that barely registered back then may have moved to the top of the list. That’s why a periodic check-in is worthwhile....

Snippets - Jeffrey Todd & Associates Chartered Accountants Are your financial goals still realistic? Life rarely stands still. Career changes, growing families, property decisions and shifting personal priorities

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Don’t rush to lodge too early this tax time! You may be tempted to lodge your tax return on 1 July to tick that job off the list, or to chase a refund to help with cost of living pressures. However, the ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes, but patience and taking time to get all your financial information together usually leads to a smoother result....

Snippets - Jeffrey Todd & Associates Chartered Accountants Don’t rush to lodge too early this tax time! You may be tempted to lodge your tax return on 1 July to tick that job off the list, or to chase a refund to

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Budget offers personal tax relief but super largely untouched The 2026–2027 Federal Budget’s headline personal tax measures will reshape financial planning strategies from 2027. A new $250 working Australians tax offset (WATO) will apply from 1 July 2027, effectively increasing the tax-free threshold for work income to $19,985. Combined with the previously announced $1,000 standard deduction for work-related expenses, workers could see substantial tax savings....

Snippets - Jeffrey Todd & Associates Chartered Accountants Budget offers personal tax relief but super largely untouched The 2026–2027 Federal Budget’s headline personal tax measures will reshape financial

Federal Budget – May 2026

PERSONAL TAXATION Personal tax rates: existing cuts for 2026–2027 and 2027–2028 unchanged In the Budget, the Government did not announce any further changes to the personal tax rates. However, the proposed new $250 working Australians tax offset (WATO) from 1 July 2027 is expected to increase the effective tax-free threshold for income derived from work by nearly $1,800 to $19,985 (or up to $24,985 for workers eligible for the low income tax offset (LITO)....

Federal Budget - May 2026 - Jeffrey Todd & Associates Chartered Accountants PERSONAL TAXATION Personal tax rates: existing cuts for 2026–2027 and 2027–2028 unchanged In the Budget, the Government did not announce any further

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Will the proposed $1,000 instant tax deduction benefit you? The Federal Government has released draft legislation for a new “instant” standard tax deduction that would allow eligible taxpayers to claim work-related expenses at tax time without receipts. This would replace the current $300 no-receipt immediate deduction limit. However, this is still just a proposal. The draft legislation’s been released for comment, so isn’t before Parliament yet....

Snippets - Jeffrey Todd & Associates Chartered Accountants Will the proposed $1,000 instant tax deduction benefit you? The Federal Government has released draft legislation for a new “instant” standard tax

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AI may be handy for simple money questions, but it’s no substitute for professional advice Artificial intelligence tools are becoming increasingly popular for answering money-related questions. While these tools can be helpful for summarising information and helping you work out what to research next, convenience doesn’t equal accuracy. Tax and super rules can be detailed, exceptions matter, and the right answer often depends on your own circumstances....

Snippets - Jeffrey Todd & Associates Chartered Accountants AI may be handy for simple money questions, but it’s no substitute for professional advice Artificial intelligence tools are becoming increasingly popular