Accounting for every stage of your financial life.

Deductions depend on the expense, your circumstances and how it relates to earning your income. Work-related expenses, certain professional costs and other eligible expenses may be deductible, but the treatment can differ from one situation to another.

A sole trader can manage some accounting tasks themselves, but professional support can be useful for tax, record keeping, GST, BAS and understanding how business activity affects your overall tax position.

A Business Activity Statement, commonly called BAS, is used to report certain business tax obligations. Whether you need to lodge one and what needs to be reported depends on your registrations and business circumstances.

GST registration depends on factors such as the type of activity you carry on and your turnover. Some businesses are required to register while others may have different options depending on their circumstances.

Good bookkeeping helps keep income, expenses and financial records organised. It can make BAS, tax, payroll and business reporting easier while also giving you a clearer view of how the business is performing.

Finance in Life is being designed to make tax and accounting support accessible online, including digital forms and tools that can make it easier to provide information and get started.

Online calculators can provide a useful estimate based on the information entered, but they do not necessarily account for every circumstance that may affect a tax outcome. Finance in Life offers both a Simple Tax Calculator and an Advanced Tax Calculator for different levels of detail.