Important EOFY Updates,Tax Pricing & Mortgage Offers
The ATO has confirmed no major tax changes for FY2025–26. New federal budget measures begin next financial year (FY26–27). Here is everything you need to know before you lodge.
Transparent Pricing
Our Tax Pricing
Fixed fee quoted before work starts — no surprises. Complex returns priced on complexity.
Tax Deductions
The Three Golden Rules
Before claiming any expense, it must meet all three ATO requirements:
01
You paid for it yourself (not reimbursed).
02
It directly relates to earning your income.
03
You have a record to prove it.
If your total work-related claims exceed $300, you must keep receipts for the entire amount.
Common Deductions You May Be Eligible For
Working From Home
Use the 70c per hour fixed rate for electricity, internet, phone and stationery. Keep a record of actual hours worked.
Car & Travel
Travel between different work sites is deductible. Daily commuting from home to your regular workplace is not.
Tools, Equipment & Laundry
Laptops, tools and uniform laundry are deductible when used strictly for work.
Super Contributions
Personal concessional contributions can reduce your tax. Notify your fund and receive confirmation before lodging.
Union & Professional Fees
Membership fees are fully deductible if they relate to your current job.
Income Protection Insurance
Premiums paid outside your super fund are generally deductible.
Motor Vehicle Logbook: To claim more than 5,000 km, you need a 12-week continuous logbook plus fuel and maintenance receipts. Donations: $2+ to DGR-registered charities are deductible with receipt. Note: From 1 July 2025, ATO interest charges (e.g., GIC) are no longer deductible.
Budget Announcements
Do They Affect This Year?
$1,000 Instant Work Deduction & Working Australians Tax Offset
The government has proposed these changes but they are scheduled to begin 1 July 2026. They do not apply to your 2025–26 tax return.
Medicare Levy Low Income Thresholds Increased
Medicare levy low income thresholds have increased this year, offering extra relief for eligible taxpayers. Ask us if you qualify.
Home Loans
Home Loans & First Home Buyer Support
Competitive options available — including variable rates with cashback up to $4,000. Learn more at yourmortgageservices.au.
5% Deposit Home Guarantee Scheme
Buy with as little as 5% deposit and no LMI. Available to Australian Citizens and Permanent Residents.
First Home Super Saver (FHSS) Scheme
Save your deposit inside super and benefit from lower tax rates on contributions.
Ready to lodge your 2025–26 return?
Book your appointment now and skip the EOFY queue. First consultation free.
T: 1300 102 956 · E: admin@yourtaxservices.com.au · 13/785 Pascoe Vale Road, Glenroy VIC 3046