The Tradie Show

Tax Traps That Could Cost You Big This EOFY


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You finally start making some solid profit in your trade business… then WHACK! You cop a tax bill you didn’t see coming.

Sound familiar?

In this episode of The Tradie Show podcast, Andy and Angela expose the most common tax mistakes that tradies make, and how to dodge them so you can hold onto more of your hard-earned cash. It’s real talk, practical advice, and tradie-to-tradie truth bombs you won’t hear from your accountant.

 

📥 Grab your free download:

81 TAX DEDUCTIONS FOR TRADIES - Get the most out of tax time and make sure you’re not leaving money on the table. Better in your pocket than the tax man!

 

Key takeaways from this episode:

  1. Why May is your golden window to get ahead of tax
  2. The truth about cashies, AI and how the ATO is getting smarter
  3. What expenses you CAN claim (and a few you absolutely cannot)
  4. Why using your business account for personal spending is killing your books
  5. The $20K or $30K Instant Asset Write-Off update (pending election result)
  6. What counts as a "work vehicle" - and why your BMW probably doesn’t qualify
  7. How super and GST can trip you up if you’re not careful
  8. The hidden sting of CGT when claiming your home office
  9. Why poor record-keeping is a business killer
  10. The company tax mistake tradies forget until it’s too late

 

Want Andy to look at your business?

Book a free GamePlan call and he’ll give you tailored advice ... and provide you with clarity and direction to smash out what you need to do right now to help you create the lifestyle and freedom you deserve.

👉 https://www.lifestyletradie.com.au/gameplan-call/

 

📱 Follow Lifestyle Tradie:

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Facebook: Lifestyle Tradie

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The Tradie ShowBy Lifestyle Tradie Group Pty Ltd - Business Podcast For Tradies Wanting To Scale Their Trade Business, Contractors and Construction


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