News, Tips & Info from the Professionals

We live in an era where self-reliance is highly praised. From DIY projects to self-help books, there's a sense of accomplishment in doing things ourselves. But when it comes to taxes, is the DIY approach really worth it? In this blog, we'll delve into our professional world and unveil the ten advantages that will make you question DIY tax endeavours.

The ATO is about to enhance its Personal Income Tax Compliance Program, thanks to an additional $89.6 million in funding. Treasurer Jim Chalmers announced this strategy, aiming to tackle various tax-related issues, such as incorrect claims and non-compliance.

The Albanese government of Australia presented its 2023 federal budget, which included measures such as cost-of-living relief, healthcare, housing, and clean energy. The government plans to fund its projected surplus by cracking down on certain areas and limiting spending in others.

As a member of the Australian Defence Force (ADF), you serve your country with honour and distinction. You may also be eligible for unique tax benefits and deductions that can help you keep more of your hard-earned money. Here are some tax tips to keep in mind...

As a student, you know how tough it can be to juggle studying, work, and paying the bills. But did you know that you might be able to get some of your money back through tax deductions? Here are some simple tax tips for students that could help you save some cash.

As your trusted tax agent, we know that navigating the changes to the home office deduction rules can feel like trying to find your way through a maze. The Australian Taxation Office (ATO) has introduced new rules for the 2023 income year that can impact your tax return, and it's important to understand how they work.

As a landscaper in Australia, there are a few tax tips that can help you save money and avoid penalties. Here are some simple but effective tips that you should keep in mind:

If you are an employee working as a hairdresser or barber, here are some tax tips that can help you cut through your tax obligations.

New Year's resolutions are a time-honoured tradition, and many people make financial resolutions as a way to set goals for improving their financial health. Sounds like smooth sailing? For many, it’s not. And if you are one of the many who struggle, here are a few tips to help you get started - which is actually the hardest part.

Like many industries, hospitality too can invite many ‘iffy’ scenarios where you could easily overclaim or simply forget what is a deduction and what is not. The ATO’s definitions constantly evolve and simply applying what worked last year is not a prudent nor pragmatic approach to your back pocket or your legal responsibilities when submitting your tax.

Did you know that each year over two million Australians get audited by the Australian Taxation Office? ITP Qld works hard to ensure our clients are not one of them. Our returns are legitimately maximised, prudently prepared, and layered with the latest tax knowledge for every industry and circumstance you can think of.

We are the original tax professionals, but what does that really mean? To the industry it means experience, knowledge and respect, but to our clients, it means mouth-watering benefits, year after year.