Northcliff Accounting & Tax

29/07/2026

24/07/2026

New AML/CTF laws started on 1 July and businesses have 2 weeks left before the enrolment deadline.

If you haven’t enrolled yet, time is running out!

Enrol now https://ow.ly/5lg150Zn9El

16/07/2026

That’s right!

👉 Crypto leaves a digital trail – especially when it connects with the real world, like using exchanges.

👉 Exchanges share information through data-matching, so activity can be traced.

And when you sell or dispose of crypto, a capital gains tax (CGT) event happens. This means you may need to report a capital gain or loss in your tax return.

16/07/2026

Pre-fill helps BUT it doesn’t catch everything!

By mid to late July, some info is usually already in your tax return.

But if anything’s missing, you need to add it yourself.

Think cash jobs, gig income, ride-sharing, renting out part of your home, or crypto.

✅ Check what’s there
✅ Check what’s missing
➕ Add it…
🧾 Then lodge!

02/09/2025

You generally can’t claim trips between your home and place of work, regardless of whether you use ride-share services or not.

These are considered private expenses.

Some trips to and from work are claimable, but they must meet specific circumstances. A trip to or from work if the location is not your regular workplace is claimable. Also, if your role requires you to transport bulky tools you can claim these trips as well.

For more information, refer to
https://www.facebook.com/share/p/16pnonz8ha/

28/08/2025

https://www.instagram.com/reel/DNzJCN2VNfl/?igsh=MXB2cTRkNzFvYjdk

27/08/2025

Tax deductions are allowable expenses that you can claim with the ATO to reduce your taxable income.

Claiming a tax deduction with the ATO when lodging a tax return reduces your taxable income which generally leads to you paying less tax.

As a business owner or individual, the aim of the game is to reduce your taxable income as much as is legally allowable to keep more money in your pocket.

14/08/2025