Answers to Tax Questions You Were Too Afraid To Ask
6/23/202631 min
Tax. You’ll do it “later”, right? Famous last words, my friends. This week’s Deep Dive is here to save your EOFY by giving you a laundry list of things to consider ahead of June 30.
Whether you’re employed, a side-hustler or a sole trader, Victoria and Jess have gathered their recommendations for approaching the new financial year with confidence – and they’ve got the receipts to prove it.
They’ll cover the latest changes to CGT, including how and when it might impact your investments, as well as immediate considerations if you’ve been worried about your accounting habits.
From claims, offsets, salary sacrificing, BAS, GST, and tax brackets to defining what really makes your hobby a business, tune in for answers to those tax questions that you were too embarrassed to ask your accountant (again).
This episode is brought to you by Hnry, Australia’s largest tax automation and accounting service, just for sole traders. Head to hnry.com.au to never think about tax again.
READ THE BUSINESS BIBLE: Have questions about starting or running your business? VD wrote a whole (award-winning) book on this topic called The Business Bible: How to build a successful business – and a life you love.
CONSIDERING A PIVOT: Grab a copy of our Career Pivot Guide over here.
MAX YOUR TAX: Want more ways to maximise your tax return? Tune into this playlist.
ASK THE ATO COMMUNITY: Have a specific tax question or need something niche explained by someone who’s been there before? Check out the ATO Community (https://community.ato.gov.au/s/).
New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice, daily money inspo... and relatable money memes that just get you.
Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements (nartarshabamblett.com.au)
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 4451289
See omnystudio.com/listener for privacy information.
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Transcript preview
First 90 secondsVictoria Devine· Host0:00
She's- On ... the Money. She's on the money.
Natasha Bamblett· Soundbite0:02
[laughs] [upbeat music] My name's Natasha Bamblett. I'm a proud First Nations woman, and I'm here to acknowledge country. Hello, beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge, and respect the Aboriginal people's land that we're gathering on today. Take pleasure in all the land and respect all that you see. She's on the Money podcast acknowledges culture, country, community, and connections, bringing you the tools, knowledge, and resources for you to thrive.
Victoria Devine· Host0:32
Hello, and welcome to She's on the Money, the podcast where we discuss all of the issues concerning your wealth goals so that you can feel more in control of your financial future. I'm Victoria Devine, and how are we halfway through June already? Mm. I don't know about you, but at this time of the year there's only one thing on my mind, my birthday and tax. [laughs] And according to a 2026 poll survey, Hnry found that tax obligations were the second-biggest stressor for sole traders after the cost of living. Mm. Yep, from preparing tax returns to making claims and working out just how much we owe, it can get all a little OTT. So obviously we asked our community what they wanted to know about tax, including questions for investors, families, and those of us who are self-employed. And who better to join me than fellow businesswoman, Miss Jessica Ricci? Businesswoman, I like that a lot. Well, you are, are you not? It's true. Do you have an ABN? I sure do. Businesswoman. And I would agree that tax time is a very stressful time for those of us- Is it?