Sharma & Co

Good boss move ✔️

Finalise your Single Touch Payroll (STP) data by 14 July.

The sooner you do it = the sooner your employees can lodge their tax return ✅

Insights into the 2026 Federal Budget - refer link below

2026 Federal Budget: At a glance 2026 Federal Budget: At a glance On Tuesday 12 May 2026, the Treasurer Jim Chalmers handed down the 2026-27 Federal Budget, framing some of the more significant announcements as part of a broader plan to help young Australians access the property market. While acknowledging that the key to housing a...

✅Add tax to your checklist

Saving for your first home? There’s an easy way to boost your deposit by up to $50k 🤑

The First Home Super Saver (FHSS) scheme lets you make voluntary contributions to your super and withdraw them when it’s time to buy your first home.

With the scheme, any money you put in your super:
• gets taxed at a lower rate than ordinary income
• gives you a 30% tax offset when you withdraw the assessable amounts
• has associated earnings calculated based on the shortfall interest charge rate
• is kept aside until you’re ready to use it.

Less tax = more savings! 💸

Sound too good to be true? It probably is.

If you’re looking for tax and super info, you should only trust reliable sources.

To avoid false info, there are a few red flags to look out for:
🚩 unverified websites and social media accounts
🚩 claims, tips and tricks with no source to back them up
🚩 influencers who promise ‘guaranteed’ outcomes (like refund amounts)
🚩 misleading phrases like ‘tax loophole’ or ‘ATO hack’.

Relying on bad advice can cost you. Check the source and make sure the info adds up.