Financially Sorted

Happy Father’s Day to all the incredible dads, grandads, stepdads, father figures, and mentors who make a difference every day. 💙

Thank you for the love, guidance, strength, and support you give so generously. Today we celebrate you and all that you do for your families and communities.

Wishing you a wonderful day filled with love, laughter, and special memories. Happy Father’s Day!

BUDGET BREAKDOWN | CAPITAL GAINS TAX

Thinking about selling an investment property in the future? Proposed changes to Capital Gains Tax could have a significant impact on your after-tax returns.

🏠 Don't make investment decisions without understanding the tax implications.

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⏰ Tax Time | Compliance

Tax time is well underway, and now is the perfect opportunity to get organised.

Gather your: 📄 Income statements 📄 Investment information 📄 Private health details 📄 Deduction records

The earlier you prepare, the smoother the process will be.

Need assistance? Our team is here to help.

BUDGET BREAKDOWN | NEGATIVE GEARING

Over the coming six weeks, we will take a closer look at some of the key budget announcements and what they could mean for you. We'll sort through the detail, with one key topic each week.

Week 1: Changes to negative gearing are on the horizon and could impact how future property losses are treated for tax purposes.

Our latest Budget Breakdown explains what we know so far, who may be affected, and what it could mean for investors.

Budget Breakdown Edition 1: Negative Gearing Budget Breakdown Edition 1: Negative Gearing by Financially Sorted | Aug 20, 2026 | Federal Budget, Property Investment | 0 comments Changes to negative gearing are on the way, with new rules set to affect some residential property investors from 1 July 2027. While we know the broad direction of the...

🛡️ Could tax audit insurance save you thousands?

An ATO review or audit can be time-consuming and costly, even when you've done everything correctly.

Tax audit insurance can help cover professional fees associated with: ✔ ATO audits ✔ Reviews and investigations ✔ State revenue authority audits

It's peace of mind that many individuals and business owners don't realise they need until it's too late.

Tax audit insurance for small business owners The possibility of tax audit from the ATO can be worrying. Requiring time and effort, they also come at high cost. Tax audit insurance helps.

📢 RBA Interest Rate Update | August 2026

The Reserve Bank of Australia has announced that the official cash rate will remain unchanged at 4.35%. This follows signs that inflation is easing, although it remains above the RBA's target range.

If you'd like to discuss how the current interest rate environment may impact your finances, our team is here to help.

📋 Tax time made easier.

Preparing your tax return doesn't have to be stressful.

Our Tax Time Resources include: ✅ Occupation-specific deduction guides ✅ Comprehensive tax checklists ✅ Tips to help you gather the right information

Being prepared can help ensure you don't miss eligible deductions.

https://financiallysorted.com.au/occupation-guides-financially-sorted/

🚨 What's on the ATO's radar this tax season?

The ATO has flagged several key focus areas for the 2025-26 financial year, and getting it wrong could lead to unwanted attention.

Common areas under review include: ✅ Work-related expenses ✅ Working from home claims ✅ Rental property deductions ✅ Record keeping

Before lodging your return, make sure your claims are accurate and supported by evidence.

Tips to avoid the ATO audit radar With tax season approaching Australians are preparing their tax documents. Avoid these common mistakes to stay off the ATO radar.

Household Budget | The new financial year brings reforms to wages, leave entitlements and superannuation. All of which have an impact on families.

While every household's situation is different, now is the perfect time to review your budget, savings goals, and overall financial strategy to make the most of these changes.

Shakeup to your pay and household budget Shakeup to your pay and household budget by Financially Sorted | Jun 30, 2026 | Government Legislation | 0 comments The new financial year is often a time for State and Federal governments to make regulatory and legislative changes and this year is no different. Changes from 1 July 2026 will affect....

AI Tax Advice | Using AI for Tax Advice? Think Twice.

AI can be a helpful tool, but when it comes to your tax return, it shouldn't be your only source of advice.

Remember, if a tax claim sounds too good to be true, it probably is. You are ultimately responsible for the accuracy of your tax return, even if the advice came from an AI tool.

Need help this tax season?

Warning to taxpayers on dangers of relying on AI tax advice Warning to taxpayers on dangers of relying on AI tax advice by Financially Sorted | Jun 30, 2026 | ATO | 0 comments Source: ATO As tax time approaches, the ATO has cautioned Australians to be wary of information from third-party sources, such as AI platforms and financial influencers. Taxpayers shou...