Sharma & Co

08/04/2026

25/03/2026

Saving for your first home? There’s an easy way to boost your deposit by up to $50k 🤑

The First Home Super Saver (FHSS) scheme lets you make voluntary contributions to your super and withdraw them when it’s time to buy your first home.

With the scheme, any money you put in your super:
• gets taxed at a lower rate than ordinary income
• gives you a 30% tax offset when you withdraw the assessable amounts
• has associated earnings calculated based on the shortfall interest charge rate
• is kept aside until you’re ready to use it.

Less tax = more savings! 💸

11/03/2026

Sound too good to be true? It probably is.

If you’re looking for tax and super info, you should only trust reliable sources.

To avoid false info, there are a few red flags to look out for:
🚩 unverified websites and social media accounts
🚩 claims, tips and tricks with no source to back them up
🚩 influencers who promise ‘guaranteed’ outcomes (like refund amounts)
🚩 misleading phrases like ‘tax loophole’ or ‘ATO hack’.

Relying on bad advice can cost you. Check the source and make sure the info adds up.

03/03/2026

💯 Yes! You need to tell us about all of your income, including any cash-in-hand income.

It doesn't matter if your wages or tips are paid in cash, or you get cash from online gigs, you need to report it in your tax return.

17/02/2026

Setup for success in 2026. Whether it's STP, PAYG withholding, super guarantee payments or FBT, it’s important for employers to stay on top of their obligations.

17/08/2025

26/07/2025

⚡️🔌 From 1 July 2024, you can use the EV home charging rate for plug-in hybrid electric vehicles (PHEVs).

This method was previously only available for electric vehicles.

This means, if you use this method, you can claim 4.2 cents for each work-related km. This covers your home charging costs.

04/07/2025

Employers, mark down July 14 in your calendars.

That’s when Single Touch Payroll (STP) data needs to be finalised.

The sooner you do, the sooner your staff can lodge their tax return.

26/06/2025

If you’re selling your home, you might be exempt from paying capital gains tax.

Eligibility for the main residence exemption when selling property depends on:

👉 the type of property
👉 if you lived there
👉 if you’ve ever earnt income from the property.

25/06/2025

Some withholding schedules and tax tables have been updated. The changes apply from 1 July 2025.

If you employ staff, take note of the changes. Make sure you know how much you need to withhold from the payments you make to your employees and other workers.

19/06/2025

Whether you’re crunching numbers, fighting crime, fixing cars or cooking up a storm – our occupation guides can help you learn which:

✅ deductions you can claim
✅ income you must declare
✅ records you need to keep.

17/06/2025

🚨 Scammers are impersonating us 🚨

And they're on the rise.

There's been a 300% increase in email scams impersonating us compared with this time last year.

Tax time is when scammers are most active. Learn how to protect yourself and stay scam safe 👇