Frequently Asked Questions

Last Updated: 20^th August 2025

Have questions about taxable income, deductions, superannuation, or other tax matters? Browse our FAQs below or contact Grow Accounting Services at 0482 788 654 or info@growaccountingservices.com.au for expert advice.

Taxable Income FAQs

Tax Deductions FAQs

Tax and Education FAQs

Superannuation FAQs

Tax and Your Family FAQs

Business Tax FAQs

Cryptocurrency Tax FAQs

Other FAQs

Need help? Contact Grow Accounting Services at 0482 788 654 or info@growaccountingservices.com.au for tailored tax solutions.

Frequently Asked Questions

Taxable Income FAQs

I have just received a letter from the ATO saying that I did not declare some interest from my bank account. What should I do?

What is a Living Away From Home Allowance (LAFHA)?

I have inherited some money. Do I need to pay inheritance tax?

A friend told me about an investment opportunity that sounds too good to be true. What should I do?

Can all the interest from our joint bank accounts be declared in my spouse's tax return because her income is lower than mine?

My 14-year-old daughter received $600 from a trust distribution. Does she need to lodge a tax return?

I received franked dividends but have no other income. Do I need to lodge a tax return to claim my franking credits?

Do I need to declare my overseas pension?

Do I have to declare Centrelink payments (JobSeeker, Austudy, etc.) on my tax return?

I have just moved permanently to Australia. Do I have to pay tax on the money I brought with me?

I will be going to Europe for six months to work. Do I need to pay Australian tax on that income?

Tax Deductions FAQs

I have to buy tools and equipment for my job. What can I claim on my tax?

My job requires me to keep my knowledge up to date and I buy books and journals. Can I claim them?

Can I claim a deduction for sun protection items?

I use my own car for work. What do I need to do to claim a deduction?

I am expected to maintain a well-groomed appearance at work. Can I claim grooming costs?

My employer expects me to wear specific clothing for work. What can I claim?

I work in a fashion clothing store and must wear store clothing with logos. Can I claim it?

Am I entitled to claim $300 automatically for work-related expenses?

I incurred travel expenses this year. What can I claim?

I am paid a travel allowance. Can I claim deductions?

I went on an overseas holiday and attended a seminar relevant to my job. Can I claim the trip?

I keep a room in my house as a home office. What can I claim?

I need a phone for business calls. What can I claim?

I bought a laptop and mobile phone for work. Can I claim them?

I bought an iPad for work. Can I claim it?

Can I claim child care expenses?

Can I claim for buying tea towels, raffle tickets, or items from charities?

Is there a limit on how much I can claim as deductions?

Is a credit card slip acceptable as a receipt?

How long must I keep receipts?

Can I claim fees paid to my tax agent?

Tax and Education FAQs

I have a Study and Training Support Loan (e.g., HECS-HELP, FEE-HELP, VSL, SFSS, SSL, or AASL) and want to make extra repayments. Will I get tax benefits for paying it off quicker?

I was unemployed during the year. Can I claim expenses for job hunting?

Can I claim the cost of seminars as an education-related tax deduction?

I have salary-sacrificed superannuation contributions. How does this affect my PAYG Income Statement and tax return?

Superannuation FAQs

I want to contribute extra money to my superannuation account. Are there contribution limits?

I am thinking about salary sacrificing into super. Is there a limit on how much I can contribute?

I am over 60 and retired. Will my superannuation pension be tax-free?

I make extra contributions to my super. Can I claim them on my tax return?

Why is my superannuation fund asking for my Tax File Number (TFN)?

Tax and Your Family FAQs

I have started living with my partner during the year. What effect does this have on our tax returns?

I support my partner who does not work. Can I claim a family tax concession?

Can I claim the Child Care Subsidy (CCS)?

I receive Family Tax Benefit (FTB) fortnightly. Do I still have to lodge my tax return?

Can I claim deductions for child maintenance payments made to my ex-partner?

Business Tax FAQs

I have started my own business. Do I need to register for GST?

I run a furniture delivery business with a 5-tonne truck. Can I claim a fuel tax rebate?

I run my own business. How can I minimise my annual tax bill?

I am self-employed and have paid personal superannuation contributions. What can I claim?

I run a small business and prepaid 12 months of rent. Can I claim it this year?

I keep a room in my house as a home office. What expenses can I claim?

Cryptocurrency Tax FAQs

Can I invest in cryptocurrency without paying taxes?

Can I claim cryptocurrency losses on tax?

Can I sell cryptocurrency without paying taxes?

How is tax on cryptocurrency computed?

How do I pay taxes on my cryptocurrency investment?

Other FAQs

When are employers legally required to issue PAYG Income Statements?

How long do I need to keep my tax documents?

I had a large pay rise. Will I have to pay the Medicare Levy Surcharge?

I am in Australia on a temporary contract with an Overseas Visitors Health Policy. Do I still pay the surcharge?

I’ve just left school and started my first job. How do I apply for a Tax File Number (TFN)?

How can I reduce my tax bill?

Is salary sacrificing into super a good idea?

I’ve started a second job. How do I avoid a tax bill at year end?

Why does it matter if I’m a temporary resident for tax purposes?

I’m backpacking on a working holiday visa. Will I get all my tax back?

What’s the difference between resident and non-resident tax rates?

I’m three years behind in lodging tax returns. Will I get into trouble?

My partner earned only $480 this year. Do they still need to lodge a tax return?

My father has passed away. Do I need to complete a tax return for him?