Accounting On Purpose

Australian Tax Explained


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Australian Tax Explained - Your #1 FOCUS! // In this episode I want to walk you through typical Australian tax deductions and why you need to reconsider certain deductions. 

If you’re a sole trader tax in Australia is really about profit first. The Australian tax system is here to benefit you in places but ultimately you have to prioritise the profit in your business and not try to write off everything!

Company tax returns in Australia are a little more complex and that’s where we can start to look at different options but in Australia the tax system can work against you when you work against it.

Understanding tax in Australia is about understanding tax deductions, understanding where you sit as a small business and understanding taxes for small business, so let me walk you through your number 1 focus here in this video.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

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Accounting On PurposeBy Justin Hogg


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