I Do TAX

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from I Do TAX, Financial service, 295 Victoria St, Abbotsford, VIC, Melbourne.

I do tax, so you don't have to, and with over a decade of experience supporting business owners in achieving long-term success and sustainability provides extensive knowledge and expertise to every client engagement.

31/08/2026

✈️ Are you travelling for work or actually living away from home? The difference could have a major impact on what you can claim at tax time!

In this carousel, we'll explain:
✅ Travelling on work vs Living Away From Home (LAFHA)
✅ When accommodation and meals may be deductible
✅ When expenses become private and non-deductible
✅ The ATO's key indicators
✅ The 21-day/90-day compliance guideline
✅ A practical real-life example

Understanding the difference can help employees and business owners avoid costly mistakes and stay compliant with ATO requirements.

Need personalised tax advice? Speak with the team at I DO TAX Accountants today.

📞 Tel: (03) 8594 1811 | 1800 955 811
🌐 Website: https://idotax.com.au
📧 Email: [email protected]

30/08/2026

August Reminder: A Testamentary Trust may provide flexibility, protection, and tax planning opportunities as part of a comprehensive estate plan.

In the right circumstances, it can help:
• Provide more control over how assets are managed after you are gone
• Protect inheritances from certain external risks
• Create tax planning opportunities for beneficiaries (depending on their situation)

Every family is different, so the best structure depends on your goals and the assets involved.

Start planning today with our team.

📞 1800 955 811
✉️ [email protected]

27/08/2026

A strong estate plan creates a lasting foundation for future generations.

It is not just about documents. It is about clarity, stability, and making sure your assets are managed the way you intend.

A solid plan can include:
• A properly drafted Will
• Updated beneficiary nominations
• The right structures (where appropriate)
• Clear instructions to reduce future disputes

Start planning today.

📞 1800 955 811
✉️ [email protected]

26/08/2026

🚚 Thinking of moving interstate or overseas for a new job? Before you assume your relocation costs are tax deductible, it’s important to understand what the ATO actually allows.

In this carousel, we break down:
✅ Relocation and moving expenses
✅ Visa and immigration costs
✅ Medical checks for employment
✅ Qualification verification and registration expenses
✅ The difference between getting a job and performing a job
✅ A practical nurse relocation example

Many expenses incurred to secure a new role are considered private, capital, or incurred too early to be tax deductible under ATO rules. Understanding the distinction can save you from making costly tax return mistakes.

Need personalised tax advice? The team at I DO TAX Accountants is here to help.

📞 Tel: (03) 8594 1811 | 1800 955 811
🌐 Website: https://idotax.com.au
📧 Email: [email protected]

25/08/2026

Testamentary Trusts may assist with protecting inheritances from external risks.

In the right situation, a testamentary trust can add an extra layer of structure around how assets are held and distributed, which may help reduce exposure to risks such as relationship breakdowns, creditors, or poor financial decisions.

The best structure depends on your family, your assets, and what you are trying to protect.

Learn more with our team today.

📞 1800 955 811
✉️ [email protected]

24/08/2026

💡 Are you paying more tax than you need to? Many sole traders miss out on valuable tax deductions simply because they don't keep proper records.

In this carousel, we'll cover:
✅ Why record-keeping matters
✅ How to track business expenses correctly
✅ Home-based business deductions
✅ Vehicle and travel expense records
✅ Using digital tools to stay organised

Keeping accurate records can help ensure you claim all the deductions you're entitled to while staying ATO-compliant. The ATO requires you to keep evidence of income and expenses, and good record-keeping can make tax time much easier.

Need personalised tax advice? The team at I DO TAX Accountants can help you maximise your legitimate deductions and stay compliant.

📞 Tel: (03) 8594 1811 ~ 1800 955 811
🌐 Website: https://idotax.com.au
📧 Email: [email protected]

23/08/2026

Strategic estate planning can help reduce future complications and provide clarity for beneficiaries.

When your wishes are documented clearly, your loved ones are not left guessing. A well-structured plan can reduce delays, minimise disputes, and make the administration process far easier.

Good estate planning often includes:
• A current, legally valid Will
• Up-to-date beneficiaries (super, insurance, investments)
• Clear instructions for executors
• Consideration of trust structures (where appropriate)
• Tax planning to reduce unnecessary leakage

If it has been a while since you reviewed your arrangements, now is a great time to do it.

📞 1800 955 811
✉️ [email protected]

21/08/2026

🚨 Big news for Australian small businesses! 🚨

Parliament has passed new tax measures designed to help businesses improve cash flow, invest with confidence, and access tax relief sooner. ✅

In this carousel, we'll cover:
✔️ The permanent $20,000 Instant Asset Write-Off
✔️ Who is eligible to claim it
✔️ How the per-asset threshold works
✔️ What happens to assets over $20,000
✔️ The new Loss Carry-Back Tax Offset for eligible companies

These changes could create valuable tax-saving opportunities, but eligibility rules apply and every business situation is different. The permanent $20,000 Instant Asset Write-Off is available for eligible small businesses with aggregated turnover under $10 million from 1 July 2026, and the threshold applies on a per-asset basis. Eligible companies may also be able to carry back tax losses against profits from the previous two income years, subject to legislative requirements.

📞 Speak with I DO TAX Accountants for tailored tax planning advice.

☎️ (03) 8594 1811 | 1800 955 811
🌐 https://idotax.com.au
📧 [email protected]

20/08/2026

Inherited assets often benefit from structured management. Testamentary Trusts can offer flexibility and oversight.

When assets are passed down, the goal is usually the same: protect the value, manage it responsibly, and distribute it in a way that matches the family’s intentions.

A testamentary trust (set up through a Will and starting after death) can help by:
• Providing oversight through an appointed trustee
• Allowing flexible distributions to beneficiaries
• Supporting younger or vulnerable beneficiaries
• Offering potential tax advantages in certain circumstances

If your family is thinking about how inherited assets should be managed, it’s worth getting advice early so the structure is right from the start.

📞 1800 955 811
✉️ [email protected]

19/08/2026

🎓 Did you know some self-education expenses may be tax deductible, but not all study costs qualify? Swipe through to learn the key ATO rules around self-education deductions, loan interest, course fees, and common mistakes that could impact your tax claim. 📚💰

In this carousel, we'll cover: ✅ When self-education expenses are deductible
✅ How to determine if your business activity has already commenced
✅ When interest on a study loan can be claimed
✅ Why loan principal repayments are not deductible
✅ When apportionment may be required

The ATO generally allows self-education deductions where the study maintains or improves skills used in your current income-earning activities or is likely to increase income from those current activities. However, deductions are generally not available if the study is undertaken to start a new career or new business activity.

Need personalised tax advice? Speak with the experts at I DO TAX Accountants.

📞 Tel: (03) 8594 1811 ~ 1800 955 811
🌐 Website: https://idotax.com.au
📧 Email: [email protected]

Address

295 Victoria St, Abbotsford, VIC
Melbourne, VIC
VIC

Telephone

+61385941811

Website

https://www.idotax.com.au/

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