Aupod | Simplified Tax & Accounting for Individuals & Businesses in Australia
The months of July to October in Australia mean it’s Tax time. On average, 80% of Aussies expect a good refund, and the Australian Taxation Office revealed 467,000 refunds were issued to taxpayers in the 2024–25 financial year. There are…
Businesses operating in Australia with a turnover greater than $75000 are to submit a Business Activity Statement (BAS) reporting for the Goods and Services Tax (GST). BAS can be lodged monthly, quarterly, or annually, with a few limitations. 97.2% of…
Most Australians know the usual tax deductions (uniforms, travel for work, or tools.) But the ATO also allows many less obvious deductions that could put hundreds, even thousands, back in your pocket. The data from the 2022-2023 financial year 10…
The idea of doing your taxes can be overwhelming and often leads to overpaying your hard-earned money. Employees, freelancers, sole traders, and small business owners can reduce their tax liability and save more through smart and legal methods. Many Aussies…
It’s tax time in Australia! For 2024–2025, the Australian Taxation Office (ATO) is watching tax returns more closely than ever. They’re using smart tools like AI and real-time data to catch mistakes and wrong claims. Employees, small business owners, property…
Nearly 80% of Small and Medium-Sized Businesses in Australia (SMBs) experience cash flow problems, which can also disrupt the ATO tax return. The studies show the most common causes of cash flow problems are: What is Cash Flow? “It is…
The Australian Taxation Office collected $801.7 billion in revenue, highlighting the scale and importance of tax compliance across the country. Individuals and business face same question every tax season: Should I prepare and lodge my own tax return, or engage…
The ATO-approved Digital Service Providers (DSPs) are secure, cloud-based infrastructure certified to lodge tax direct payroll data to the ATO. The Australian taxation environment is radically changing with the new reforms implemented in the context of the ATO’s Digital Strategy…
Tax season in Australia can feel confusing. Many people hear things that sound true, but aren’t. Falling for them without proper research can cost money or, even worse, get you in trouble with the Australian Taxation Office (ATO). Every year,…
Running a business in Australia brings opportunity, but also serious responsibility. One of the most important responsibilities is understanding and complying with tax laws. As a sole trader, part of a partnership, running a company, or a trust, knowing tax…
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