Blog
Registered Tax Agent Brisbane
Insights, Updates, and Tips to Help You Stay Ahead.
First Home Guarantee (FHBG) — what’s changed from 1 October 2025, how it helps, and who can use it
Buying your first home is one of the biggest milestones in life — but let’s be honest, it’s also one of the toughest financial challenges most Australians face. Between rising living costs, record property prices, and the daunting task of saving a 20% deposit, many...
Australian Tax Fraud on the Rise: How to Protect Yourself
Tax fraud in Australia is on the rise, with increasing reports of scammers targeting taxpayers to steal personal information and lodge fraudulent tax returns. The Australian Taxation Office (ATO) has warned of a sharp increase in scams, particularly during tax time,...
Types of Tax in Australia: An Overview
Australia has a range of taxes that help fund public services and infrastructure. Understanding the different types of taxes is essential for individuals and businesses alike to ensure compliance and effective tax planning. Income Tax Income tax is levied on the...
Tax Offsets vs. Tax Credits: What You Need to Know
When it comes to reducing your tax bill, two terms often come up: Tax Offsets and Tax Credits. While both can lower the amount of tax you owe, they work in slightly different ways. Understanding the difference between them can help you take advantage of every tax...
Managing ATO Debt: Tips for Australian Taxpayers
If you find yourself with debt to the Australian Taxation Office (ATO), it’s important to act quickly to avoid further penalties and interest. Whether it's due to unpaid taxes, late lodgements, or missed payments, managing ATO debt effectively can help minimize stress...
Double Tax Agreements in Australia: What You Need to Know
Australia has entered into Double Tax Agreements (DTAs) with many countries to prevent individuals and businesses from being taxed twice on the same income. These agreements are designed to ensure that taxpayers only pay tax on their income in one country, reducing...
Charity Donations and Tax Returns in Australia
In Australia, charity donations are not only a generous way to give back to the community but can also provide tax benefits. If you donate to a registered Deductible Gift Recipient (DGR), you may be eligible for a tax deduction when lodging your tax return. How...
Capital Gains Tax in Australia: Understanding the Basics
Capital Gains Tax (CGT) is a tax levied on the profit made from the sale of assets such as property, shares, investments or collectables. In Australia, CGT is not a separate tax but is included in your Income Tax Return. How CGT Works CGT applies to assets that are...
Tax Implications for Australians Working Abroad
When Australians move overseas for work, understanding their tax obligations both in Australia and their host country is crucial. Whether you're temporarily working abroad or planning a permanent relocation, several key factors determine your tax responsibilities. 1....
Foreign Resident Tax Withholding Clearance Certificate
Since 1 July 2016, Foreign Resident Capital Gains Withholding (FRCGW) applies to vendors selling certain taxable property, such as Australian real estate. The withholding tax requires buyers to withhold a portion of the sale price if the vendor is a foreign resident...
FAQs
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What documents do I need to bring for my tax appointment?
You should bring the following:
- Tax File Number
- PAYG summaries
- Any income statements
- Receipts for deductions,
- Details of any investments,
- Your previous year’s tax return (if you are a new client)
- Documentation for any rental properties or other income sources.
Do I need to file a tax return?
You are required to lodge a tax return in the following situations:
- If you earn above the tax-free threshold (currently $18,200 for an Australian Resident Adult), you typically need to file a tax return.
- Had $1 or more of foreign income
- Part-Year Residents: If you were an Australian resident for part of the year and had income during that time.
- Self-Employment: If you earn any income from self-employment or a business, regardless of the amount.
- Capital Gains: If you’ve sold assets and made a capital gain, you need to report it.
- Pay or receive child support.
- Are leaving Australia
- Have a study or training support loan.
There are other situations which may mandate a tax return. Contact us if you are unsure.
Do I need to file a tax return?
You are required to lodge a tax return in the following situations:
- If you earn above the tax-free threshold (currently $18,200 for an Australian Resident Adult), you typically need to file a tax return.
- Had $1 or more of foreign income
- Part-Year Residents: If you were an Australian resident for part of the year and had income during that time.
- Self-Employment: If you earn any income from self-employment or a business, regardless of the amount.
- Capital Gains: If you’ve sold assets and made a capital gain, you need to report it.
- pay or receive child support.
- are leaving Australia
- have a study or training support loan.
There are other situations which may mandate a tax return. Contact us if you are unsure.
What deductions and offsets can I claim?
Common deductions include work-related expenses, self-education costs, and charitable donations.
Examples of offset could include Zone Rebates, Senior and Pensioner Offset and Low Income Tax Offset. We can help identify which apply to you.
What’s the difference between a deduction and an offset?
A deduction reduces your taxable income, while an offset directly reduces the tax you owe. Offsets can significantly impact your final tax bill.
What if I can’t pay my tax bill in full?
How long does it take to process my tax return?
Generally, the ATO processes electronic tax returns within 2 weeks, while paper returns can take longer.
What happens if I get audited?
If you receive an audit notice from the ATO, stay calm. We can assist you in gathering the necessary documentation and representing you throughout the audit process to ensure your rights are protected.
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Can I amend my tax return if I made a mistake?
Yes, you can amend your tax return using the ATO’s online services or by submitting a paper form. However, there are time periods for lodging amendments so it is important to do this promptly to correct any errors and avoid potential penalties. Amendment can still be lodged outside of the timeframes set by the ATO. Contact us to discuss.
How can I prepare for next year’s taxes?
Keep organised records throughout the year, including income, expenses, and any significant financial changes. We recommend scheduling a tax planning session to discuss strategies for the upcoming tax year.
How long do appointments take?
Generally standard appointments run for 30 mins, however longer appointment times can be scheduled for complex matters or mulitple year returns.
Do you do appointments outside standard business hours?
Yes we do. We can schedule appointments for after business hours and on weekends. There is a small surcharge for this service.
How can I pay?
Do you do Date of Death and After Death Tax Returns?
Yes absolutely. This is a specialty of Sixth Sense Tax. We have years of experience in dealing with varying degrees of complexity in Deceased Estates. Let us take on the burden of tax obligations while you grieve.
What qualifications do you have?
As the owner of Sixth Sense Tax, Candice is registered with Tax Practicitioners Board (Registration Number 26163817) and is a current member of the Tax Institute and Institute of Public Accountants.
Contact Us
0427 945 441
Springwood, QLD
Please call to make an appointment that suits your schedule.
Out of hours appointments available.