Category: taxblog

Are you a student working under TFN or ABN? Tax Rizz is here to make your tax return quick, easy, and affordable – just for students! 🔹 TFN Tax Return – $88 🔹 ABN Tax Return – $130 ✅ Discounted pricing is strictly for students only ✅ You must be currently enrolled and studying ✅… Continue reading Tax Rizz Brings You Exclusive Promo Rates for Student Tax Returns – FY 2025

As 30 June approaches, primary producers in Australia still have a narrow window to legally reduce their tax bill — but time is running out. At Tax Rizz, we specialise in tax strategies for farmers, graziers, and rural businesses, and we’re sharing the most effective last-minute actions you can still take. Whether you’ve had a… Continue reading Last Chance: How Primary Producers Can Reduce Their Taxable Income Before 30 June?

If your farm or primary production business was impacted by the East Coast Storms (from 18 May 2025), you may be eligible for up to $25,000 through the NSW Government’s Natural Disaster Relief Grant. ✅ Who Can Apply? You may qualify if you: ✔ Operate a primary production business (farming, aquaculture, etc.) ✔ Are located… Continue reading $25,000 Natural Disaster Relief Grant – Now Open (NSW)

Rural landholders in NSW affected by the East Coast Storms from 18 May 2025 may now be eligible for a $10,000 grant. ✅ Opened 4 June 2025 ✅ Covers clean-up, fencing, repairs, etc. ✅ Must own 10+ hectares or hold a Class A aquaculture permit ✅ Must not be eligible for other primary producer disaster… Continue reading NSW Rural Landholder Grant – Now Open

Primary producers in New South Wales affected by declared natural disasters may be eligible for concessional loans through the Natural Disaster Relief Loan – Primary Producers Program, administered by the NSW Rural Assistance Authority (RAA). 🧾 Loan Overview Loan Amount: – Up to $130,000. Interest Rate: – 2.79% p.a. for 2023–24 declarations. – 3.14% p.a.… Continue reading NSW – Natural Disaster Relief Loan for Primary Producers

Dear Clients In response to Tropical Cyclone Alfred, several Australian banks have initiated support measures to assist affected customers in Queensland and Northern New South Wales. Here’s an overview of the assistance available: 1. National Australia Bank (NAB) 2. Commonwealth Bank of Australia (CBA) 3. Suncorp Bank Recommended Actions for Affected Customers: ✔ Contact Your… Continue reading Assistance Available by Australian Banks in response to March 2025 Cyclone

1. Disaster Recovery Payment (DRP) Eligibility: Available to individuals whose property was significantly damaged or affected by Cyclone Alfred. Amount: $1,000 per eligible adult and $400 per child. How to Apply: You can apply online through your MyGov account. Once logged in, you can apply for the Disaster Recovery Payment by filling out the relevant… Continue reading To apply for grants related to ex-Tropical Cyclone Alfred, you can follow the steps outlined below, depending on the type of assistance you’re seeking:

1. Drought Loan https://www.ric.gov.au/loans/drought 2. AgriStarter Loan https://www.ric.gov.au/loans/agristarter 3. Drought Infrastructure Fund https://www.raa.nsw.gov.au/loans/dif 4. Upgrade your business equipment & system processes https://www.energy.nsw.gov.au/business-and-industry/programs-grants-and-schemes/business-equipment#-available-upgrades- Contact TAX RIZZ 👩‍💻👩‍💻 to know more about such loans and grants. 😊😊 E: admin@taxrizz.com.au; Ph: (03) 8789 9786

Few things to consider: 1. Avoid paying private expenses from a company bank account 2. Repay the amount to company by the lodgement due date of the company tax return 3. Create a commercial Div 7A loan agreement so that the loan is not treated as unfranked dividend 4. Declare franked dividends to meet minimum… Continue reading Do You Know if You Withdraw Money From Your COMPANY Bank Account and Didn’t Pay It Back Timely, It Can Trigger Div 7A Loan Implications?

Few are some common deductions available to medical practitioners (considering that these expenses have direct relation to their work): 1. Car expenses 2. First Aid training courses 3. Home office costs 4. Insurance incl. income protection insurance 5. Medical equipment & tools 6. Professional development 7. Self-education expenses 8. Subscriptions & memberships 9. Telehealth services… Continue reading Do You Know That Medical Professionals in Australia Have Access to a Wide Range of Tax Deductions That Can Significantly Reduce Their Tax Liability?