Goodbye FY24/25, Hello FY25/26!
Tax season is here, and preparation is key to an accurate and optimised tax return. This 2026 Tax Return Guide is designed for Australian individual taxpayers – including salary and wage earners, investors (with shares, managed funds, crypto, rental properties) and sole traders (small business owners, freelancers, tradespeople, etc). We’ll cover everything you need to know about what income to declare, which deductions and offsets you can claim, recent tax law changes, and what documents to bring to your appointment. Our goal is to equip you with knowledge so you can lodge with confidence and ensure you only pay the tax you owe – and not a dollar more.
What is inside this guide?
✅ Income to Declare: All types of income that must be reported on your FY2025-25 return - from salary and bank interest to dividends, crypto gains, rental income, and business profits.
✅ Deductions You Can Claim: Comprehensive coverage of work-related expenses (by category and profession), investment property deductions, self-education, donations, and more – including home office expenses under the updated rules for 2026.
✅ Updates from Federal Budget: Key tax changes effective this year and upcoming changes that might impact your planning.
✅ Business Income Guidance: Tips for sole traders and small businesses – what income and expenses to report (with some industry-specific examples), the $20,000 instant asset write-off rule , depreciation, and record-keeping.
✅ Checklist – What to Bring: A handy list of documents and information to gather before your tax appointment (income statements, receipts, logbooks, etc.), so we can prepare your return accurately and maximize your refund.
DISCLAIMER - Information current for the FY2026 income year, being 1 Jul 2025 to 30 Jun 2026, and checked on 24 Jun 2026. Tax law and ATO guidance can change. This page is general information only and should not be relied on without advice specific to your circumstances.
Let’s work together to get your 2025 tax return done right, with no surprises –
See you soon and happy tax time!









