She's On The Money - Answers to Tax Questions You Were Too Afraid To Ask

Episode Date: June 23, 2026

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 - 4451289See omnystudio.com/listener for privacy information.

She's on the money. She's on the money. 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. 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? 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. And according to a 2026 Pulse survey, Henry found that tax obligations were the second

biggest stressor for sole traders after the cost of living. 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 Ritchie. Business woman, I like that a lot. Well, you are, are you not?

It's true. Do you have an ABN? I sure do. Business woman. And I would agree that tax time is a very stressful time. Is it? It's like twofold for us. It's like the busiest month of the year because finance content,

but also counting down the days to my birthday, which happens to be the EOFY date. Honestly, the universe, the stars really aligned on that day. My dad really said. She's going to work in finance. Yeah, because he's an accountant. He was not impressed. Like the day that I was born, my mom was like, we're having the baby on the 30th of June. You better come on over because I'm in labor. And my dad's like, girl, it's EOFY. Can you not wait? And mom was like,

nobody waits. No. Anyway, it's so good to have you here because now we can chat through all the stuff that you've been thinking about, or let's be real, probably quietly stressing over ahead of tax time. Plus maybe some learnings from the hustle. For example, did you know that sole traders are spending an average of six hours a week and up to four grand a year on tax and finance admin? That's mind boggling. But also it kind of makes sense. Yeah. It's one of those things you want to get right. I think, especially when you are like me and you're a baby business owner, it pays to do it well. Literally. And so many of us in our community are like, no, like I don't have accounting software. I haven't organized anything because I just got my

spreadsheet but how long is that taking you to organize at what cost is my favorite like question at the moment everything in business at the moment I go that's a great idea Jess at what cost can we implement it and I just think that's a good thing to keep in mind and arguably that's just the tip of the iceberg when we get back from this really quick break we'll be sharing stats on just how much money you might be leaving on the table at tax time my friends welcome back to she's on the money, the podcast that's shining a light on your tax time questions, both the things that you're worried about out loud and the stuff that you're arguably too shy to ask your accountant. Speaking of which, the recent announcements around CGT and the changes in this year's budget have got a lot

of the community members reaching out and asking what that means, what that might look like for them. Can you give us a little bit of an update? Obviously, because I was there, I went to the budget because I am a really cool person. She was boots on the ground reporting for you guys. Cool people go to the budget. Everybody else, I went to Taylor Swift. Me, I went to the budget. It's pretty cool. But I also did go to Taylor Swift, so maybe I am actually cool. And of course, so first of all, we're going to cover some of the, I guess, juicy federal budget stuff, then the new incentives that I really want you to keep an eye out for. So while these announcements,

it's important to remember this, they are not legislated yet. They aren't likely to affect your tax this financial year. So the one ending on the 30th of June, 2026, they could potentially impact things like capital gains claims that you have next year. So exactly. So during this tax return, the current capital gains tax rules still apply, which is very nice. So if you sold an asset and made a profit on it before June 30, 2026, and you'd owned it for at least a year, so a minimum of one year, you'd still get a 50% CGT discount or CGT exemption. And this is going to affect things like property and shares and your ETFs. Now, many of you in our community have asked how shares and ETFs are taxed. Good question. And I'll say that if you haven't already,

please go back and listen to our recently released episode that is entirely dedicated on how these assets are taxed. Because again, I told you, I'm real cool. Like the content I create is for the girls. You'll learn about dividends, franking credits. We talked about distributions where basically current CGT rules apply to all of those assets too. And if you've been investing on platforms like Sharesies, you can expect a statement to be sent to you with all of the important information that you need in a few months time. And I say usually September because this stuff doesn't come out immediately. And if you're investing for the very first time, Jess, I think you went through this as well. You were like, I'm a girlie that has my ducks in a row.

I do my tax on the 1st of July, obviously, but once you start investing, you've actually got to wait for your investing platform to get their ducks in a row and calculate all of your earnings and stuff like that and then send you a tax report. So you can't do your tax until you have that piece of content. But any shares or ETFs that you purchase after the 1st of July this year, they actually might be affected by this new budget update because they will fall into next year's tax, right? Like, I don't know if it's confusing, but it is confusing if it's new to you, where the CGT exemption is going to be based on inflation, plus then a minimum of 30% tax

on gains from the 1st of July, 2027. Again, that's not legislated yet, but I can't see it not becoming legislated, sadly. But if you're already investing, you understand it is important to remain level-headed and not make any impulsive decisions, which is because we're at the end of the taxi now, right? Yeah, better said than done. I still get stressy about my investments and I think that's important to talk about too. But yes, we do need to remain, I guess, quite level-headed. Level-headed's not how I would explain me. But remember that this is just another market factor that might play into things. If your strategy is to be playing the long game, who knows what might

happen, Jess, in like five or 10 years. Like it's not all doom and gloom. And a lot of people have been saying things like, oh, well, is it worth investing still? Yes. Like, yes, the tax system is changing. Yes, it might be more or less beneficial for you, but the premise of investing still exists. Like we are creating money that will compound and create a better financial future for us. And that, I guess that lesson and that idea still exists and is still true. Not all doom and gloom. You'll also be getting some new claiming power in next year's tax return, including an instant tax deduction of $1,000. That's a good money win. That sounds pretty attractive. Apparently it's meant to make tax time simpler, more straightforward for the everyday person where

you can just knock $1,000 off of your income without having to provide any receipts. And that will be for your 2026, 2027 return as well. Exactly. Who knows? Maybe it'll chip away at those six hours we're spending on financial admin every week. Well, hopefully people actually get their stuff together and get a new system that makes sense for them so that they're not spending all of that time on there. Six hours is insane. Sole traders are spending that arguably and some, but you know, you have your own business, Jess. So what's on your radar come tax time? I'm always looking a little bit ahead of time to make sure that if I need to do any rejigging because of tax brackets, because for someone like me, I obviously have my full-time PAYG job.

Yeah, big dog. That I'm doing right now. Hello, everybody. Welcome to my full-time jobs. Isn't that kind of wild that both of us have, quote, full-time jobs and it's just us yapping on some microphones? Just sitting on a couch. I mean, Jess does do a lot more than that. But like for a few hours a week, that's true. We get to have fun. In addition to that, obviously within my business, I generate income there as well, which means that this year, especially with my first time

super saver, I'm teetering very close to the edge of a tax bracket. And so for me, I'm looking at, well, there may be purchases that I need to make for my business that might help bring my taxable income down. Are there any contributions to super or charity or things like that that might help to adjust? You need to run the numbers. It's very dependent on your situation. But if it's something that I was planning on buying anyway, I will often sit on it as long as I can and nab it right before tax time. One, because I can take advantage of the end of

financial year sales. And two, because then I can run the numbers and see if that can maybe put me in a slightly more positive position. Yeah. Because I think that there's this really big misconception that, oh my God, it's claimable on tax. And then all of a sudden people just like have this mentality that a new laptop or the new standing desk is free. And that's like not the case. You can just claim back the tax on it if it's related to your business, but you still have to outlay the money. It's still real money that we're spending. 100%. And you need to keep in mind as well, like, is it claimable based on your industry too? So depending on what your business is, what you're doing, you may be entitled to certain things and not others. People who work

outdoors might be able to claim their sunscreen or their sun protective gear. But if you're a podcaster and you often spend a lot of time in rooms with no windows, it's probably not right. Less applicable to those of us. And so it's about knowing exactly what you can claim, because again, you want to maximise it, but it's important that you're also doing the right thing. Did you know that if you're a gardener, you can claim garden gnomes? That's very fun. I did not know that. If you're a farmer, you can claim your dog. I'd almost become a farmer just to claim. No, I wouldn't.

Right? It's kind of crazy. There are, and this is why I always tell people, not because of the dog content, which arguably is really important, but if you are in an industry where, you know, there are some niche things going on, go to the ATO website. There's very likely a whole page on things you can and can't claim because people ask a million questions and they actually put up some really good blog posts. And I know that sounds dry because their website is dry and it does look boring, but it can be really helpful, especially if you're just trying to work out what's fair and what's not. Let's sidetrack a little bit and just quickly, can we talk about the difference between a business and what the ATO class as a hobby? I think this gets

people a lot. Yeah. Because I feel like this comes up a lot and a lot of people are a little bit confused. And I had a friend a couple of years ago get stung by the ATO. They got audited and they'd, you know, just taken up some Uber for a little bit. Didn't like it. Only did like two or three weeks of Uber driving. And they were like, oh, I'll just claim it as a hobby because like, you know, I wasn't claiming that much, but it wasn't. It was genuinely income that she had derived because she was trying to work. Anyway, so very quick refresher, my friends. A hobby is an activity that is conducted in your spare time for recreation or pleasure. I play ultimate frisbee. That is a hobby. That is a niche piece of information about Jess as well. And a niche

hobby, one might say. Like when you look at Jess, you go sunshine and rainbows and really beautiful things. And she's fighting you out on the frisbee field in the pouring rain in the middle of a July like it's crazy it's crazy anyway a business is something that comes with tax and legal implications and it often involves the intent to make a profit or a genuine belief that you are going to make a profit from that activity even if you're unlikely to do so in the short term I make content on the internet that is a business unfortunately it is I would love for you to not pay tax on the income that you make from that but you do and you do it properly but the decision to start a business or operate in a business-like manner means that you would register a business

name and obtain an ABN. Now that's an interesting kind of like that's what the ATO says but a lot of people are getting stung because they're doing hobbies and like maybe making baby blankets and selling them on Etsy and taking custom orders and then you go well it's just a hobby oh you established a whole Etsy store and now you're selling the baby blankets and taking custom orders like girl it's not really a hobby that's a business and that's where the intent comes in right it's like well if you're doing something with the intention of making money even if you haven't got the ABN yeah the intention's still there yeah and it could be flagged and nowadays with data matching and honestly I want to say how crazy AI is like the ATO is really tapping

into that and how to scrape the internet for information on how Jessica Ritchie like derives her income and like I have seen cases where influencers have declared a certain thing on their tax return and then the ATO has gone back and been like that's interesting you had a whole trip to Disneyland that was paid for. Where's that? Yeah. And I kid you not that that has happened. So I'm obviously this isn't targeted at just, you know, influencers, but the everyday person is being scraped by the data as well. And they might highlight something. But if they audit you, Jess, they're not going to be like, oh, we saw the Disneyland trip. Where's that? That comes up later. They're just going to go, hey, you're being audited. Prove receipts. Yeah. And then

that conversation comes later. Anyway, it also plays into, they say on the website, that the repetition of similar types of activities and the size and or scale of your activity is consistent with other businesses in your industry. So you might go, well, no, it's just a hobby for me. Like it's not, but you're, you know, pouring just as many candles as somebody else who's going to markets. And anyway, I feel like you're picking up what I'm putting down. Right. And also they say that the activity is planned, organized, and carried out in a business-like manner with records, separate bank accounts, licenses, qualifications, or premises. Which again, I think is an interesting one because I see so many people being picked up and like,

I don't see it individually. I mean, people in our community come to me and go, oh my gosh, V, I got picked up by the ATO for this. What do I do? And I'm like, well, go talk to the ATO about that. But it is happening in our community, is happening around. And I think it's just really important to be aware of it. So even if you don't have a registered business name and you don't have an ABN and you're not keeping clean records, but they find that you are generating a profit, they might come down on you like a ton of bricks. And I'm just trying to save you from that. Yeah. That actually reminds me of another question that we got, which I think is a really common one for those of us who are in the early days of our businesses, especially.

Let's say you're hustling hard, you're operating at a loss and you have absolutely no idea what to do at tax time. Fair. You ideally probably don't want to be paying for an accountant as much as they're valuable because if you're operating at a loss, you haven't got a lot of cash flow. You already feel like you're bleeding money. 100%. Are there other things that you could maybe consider? So while you don't need to technically keep records for the ATO if what you're doing is more of a hobby, I would say it's just good practice to keep records just in case your circumstances change. So setting up systems and programs can help you stay on top of business admin and obviously reduce that six hours per week stat. It can help you manage invoicing and

getting paid on time. It can help you better manage unpredictable earning with, I guess, clever budgeting and cash flow tools. And I would say keep receipts for literally everything you might think is eligible. Like just track it because it might be. And like from little things, big things grow. I say that on the podcast all the time. I know it was just a quick, sneaky Officeworks trip and you only spent $20. But how often do you do that? And how much does that add up? Like those things do genuinely make a difference come tax time. Absolutely. And besides just being a good habit as well, it's a nice way to see your progress. Like don't you want that little dopamine hit? I do. Like I love having, and I mean, I've shared on the podcast before that I

take photos of all my receipts and I have a whole album on my phone of the receipts that I have, which is obviously really cool girl behavior yeah like cool girl behavior but like it's a dopamine hit to see that I'm organized we also love a self-employed queen but with all the freedom that you have as a self-employed queen miss Jessica Ricci comes huge responsibility as well unfortunately yes sorry so that's why it is so important to just stay organized because if it's not for the progress it's for the receipts and jess according to a 2025 pulse survey henry also found that almost half of all sole traders with business expenses don't claim them all almost half that is nuts to me literally and if you do the maths on that that's like foregoing something

like three thousand eight hundred and fifty six dollars per year in expense claims alone i don't feel good about that. I know that it's hard. That's so much money. That's so much money, especially again, in those early days of the business, if you're operating on a very small profit or you're looking at maybe taking a loss, that money is a huge difference potentially. And even if it's not claimable now, if you're thinking, well, I'm operating at a loss, what does that look like for me? You might be able to offset future income. If you can't do anything with it now, it's all going to depend on your personal circumstances. But I just think keep the records because you never know like if you own a small business maybe one day

somebody mentions your product and you sell out the next day or maybe you go to a market and you find your target audience like you just never know you don't want to get to tax time and on Victoria Devine's birthday be scrambling no we want to have a good birthday all the receipts and the things that you all of a sudden now are eligible to claim exactly and it's funny because like our communities listening to this episode and I'm pretty sure that's not our community I'm pretty sure that's people who don't keep records and don't listen to finance podcasts to put themselves in the best possible position like our queens are listening to this content to get ahead so they're probably already doing that but it's a good reminder that the little things just really

do add up all right we're going to take a really quick break but when we return we're talking about claims and how to make sure that you aren't the one missing out come DAX time our 1000th episode is coming up soon and to celebrate we're giving one clever listener a chance to win she's stashed the cash today's mystery word is together tune in to episodes of she's on the money between the 17th of june and the 3rd of july and listen out for the hidden code words there are five in total the first person to arrange the code words in the correct order will win $1,000. Entries open on Friday the 3rd of July with details shared live on the pod. Good luck and happy hunting. My friends, we are back and we are jumping straight into the juicy

part. The part that we honestly usually go to a professional for, and that is claims. What's tax deductible and what can you actually claim? Good question. It actually depends. And I know you hate when I say that. It all depends on your total taxable income, your industry and your occupation. And there are honestly so many decent resources out there. If you've ever been curious about, I guess, what you can claim in your field of work. One of the lists is actually recommended when we put out for questions that there's some claims resources on the Henry website that you can look at. And it's like really aesthetic. You know how I was telling you that the ATO website sucks. Henry's website doesn't suck. There you go. You've got that. You've got the ATO website.

They've got some really good examples of what you might or might not be able to claim as well. And I think there's a pretty active ATO community. You can actually post questions in the forum. Yes. It's giving- That's where the cool girls hang out. It's giving early 2000s. I'm loving it. And you can hear what other people are claiming. And I believe you might also be able to access experts there as well. Absolutely. And I want to be really juicy I was talking about this on an Instagram story a little while ago because people were asking me like oh hey how do you get paid for that like you know when I do a Q&A box yes and I was doing a Q&A box about the food that I was eating and they were like how do you get paid

and I was like all right sit down queen I'll tell you like I am an open book and it's your turn okay because you do a little bit of like social posting and I don't know is it rude to call people an influencer because you're so much more than just somebody who does content I content creator is my term of choice? Okay. I did like business woman earlier. Okay. Jess identifies as a business woman and because you're a business woman, you post like some reels and get paid for that. Can you then claim everything that you buy for a shoot? I wish. I know, right? It's very much dependent on, again, what you're doing. You know, for a reel, is it directly related to generating the income? And more specifically, am I only using it for business purposes? Yes. So for example, if I was doing a

cute little outfit of the day video, I'm not claiming my outfit because I'm wearing that outfit in my day-to-day life. It's not really for business purposes. Whereas if I was required to turn up to a shoot and I needed a very specific item, let's say I needed a bunny costume. I'm never going to use that bunny costume again. I'm picturing Elle Woods in her little ears. Oh, I could make that happen for She's On The Money if you wanted. We'll talk later. But I needed this very specific item that I was only going to use for this very specific shoot then it may be claimable yeah yeah but only the tax of that is claimable so I think that's really important and also I feel like there's some like misconceptions floating around

because people will be like oh influencers claim everything if you know an influencer who is claiming everything my friend they're doing the wrong thing yeah so like just calling it out there I'm not talking about anybody specifically but if you know of somebody who's like oh I just claim everything well actually they're committing tax evasion and that's just not how to do it that's not kosher like in this house we keep our clean records we do the right thing because what goes around comes around and I think that you know for individuals who are looking I guess for some low hanging fruit they're like oh but they I you know have a PAYG job or you know I'm self-employed like I just I don't know what I can and can't claim like low hanging fruit sun protection if you are

and I'm always going to be the biggest advocate for sun protection, but sun protection, if you work outside or you wear them at work to protect you from the risk of sun damage, you can claim your sunscreen, you can claim your hats. And if your total claim for laundry expenses is $150 or less, excluding dry cleaning, so you're not allowed to claim dry cleaning, you can actually claim a deduction without any written evidence. Love that.

So if you're laundering your uniform because you work at Hungry Jack's, claim it claim it get that money back queen exactly and you would have to launder that because you would come home every night probably smelling like fries yeah exactly and like that's hot but not every day you know you could also i think people don't know this and this is a good one claim your accounting fees for the previous year so if you did engage an accountant and you paid them next year you can claim it so let's throw to our community jess what did they want to know? A bunch of people had questions about knowing when to register for GST to avoid being fined. And we've all had a bit of a giggle about this with Beck previously. Yes. And I think that

GST, it feels so confusing because they say it's voluntary. Like they say on the thing, like you don't have to like register for this yet. And you go, okay, well, I'm not going to, if I don't have to, but you actually have to at a certain point. So when your business or your enterprise has turnover, which is gross income from all business minus GST. Also, do you know the easiest way? Like I always think about this when I'm talking about gross or net. I can never remember which is which. You can't? No. Okay. So gross versus net. Gross income is what you would have taken home if you didn't have to pay tax and it's gross to look at it because you don't get it. That's brilliant. Right? So your gross income, that's gross because that's not what you get.

That's hilarious. A net income, I think of fishing and a net, and it's what you actually get to take home. Like, you know, you look at the whole ocean. Great. And you scoop out a fish. That's the fish you get to take home. What is in the net is what is in your bank account. Oh, very clever from you.

Whether that makes sense or not. But I just always look at it. I'm like, ew, gross income is gross because I don't get that because I've paid tax. I could have been so much richer. Exactly. Anyway, back on track, you do not have to register for GST if your business earns under $75,000. But if you do and you have a turnover of more than $75,000 in any 12-month period, you have

to consider registering. And even if you think you might hit that threshold later, you're like, oh, I'm not really doing that. I've been consistently doing maybe $60,000 a year. I wouldn't wait. I would say do it before you regret it later. Because yes, it may mean a little bit more admin, like filing a BAS or business activity statement is what that is called every quarter, but it could prevent some really unwanted

attention from the taxman later on. And also from more of a, is the word logistical point of view? And I've always like done this myself. Even if I wasn't earning 75 grand, I want on my invoices it to say that I'm charging GST because when I do tip over that $75,000 like limit, I don't want to have to go to my clients and be like, I'm now charging GST and like have to renegotiate things because it does change what your clients have to pay. Like GST is 10%. And like when you're renegotiating invoices, queen, I want it to be because we're changing your bottom line, not, oh, the government wants

more money. Like let's just set those expectations earlier. Also really important. If you work in the nonprofit sector, which very cool, we have a fair few people in our community who do. if your organization has a turnover of $150,000 per year or more, that's when you need to register for GST. So they've got a different limit. And as I mentioned earlier in this episode, I had a friend who got stung for doing Uber. So if you provide rideshare services, so if you do taxis or limousines for passengers like Uber, whatever you're on, regardless of your turnover, whether it is a dollar or a million dollars you have to apply for GST and this applies to both owner drivers and if you lease or rent a taxi I didn't know that which I know leasing and renting

a taxi isn't like that common these days but it's very good to know and if you're a door dasher so like you're a dasher a door dasher which is actually very cool side hustle and you earn less than $75,000 per year and only deliver food like you don't do the other rideshare components you do not need to register for GST in case you didn't know. Because I think that you might get a little bit confused and be like, well, DoorDash must be the same. It's not, it's different. So if you've got that as a side hustle, you don't have to sign up. Lots of little tidbits. And there are so many ways to keep track of them all. For example, when I started, I was using the spreadsheet. It was very messy. It was a little bit all over the place. You can graduate, you know,

there are platforms like Henry out there that collate everything and do a lot of the work for you where you can streamline those costs and claims i believe it even does your gst stuff for you which is very nice actually does and low-key i've had a few conversations with people at side note um i've had a few conversations with people in our community who do use henry because i was like hey guys what are we doing like if we're small business owners and they're like oh my gosh i love henry because i just call them up and they answer like they're actual people just based here in australia who are just really passionate about small business owners so people like you just Could you be like, hey, I don't have an accountant, but what do I do here?

And they're like, all right, bestie, sit down. We can't give you advice, but this is what we do. We love that. Sometimes you do just need to talk to a human being, I think. Exactly. And I think that that's really important because like the blogs we've been recommending can only do so much. And sometimes as a business owner, you just want someone to be like, sorry, bestie, you're

not allowed to do that. And you go, thank you. I've been looking everywhere for that information. anyway it's included in their whole thing which might then be a good option for you sounds really good I think no matter where you're at in your business journey it pays to be organized that's the bottom line if this episode teaches you one thing whatever that looks like for you it doesn't matter but preparation is key and also it looks really impressive like the dopamine I get from having my ducks in a row like Jess I reorganized my spice drawer the other day and

I was like this is so good you can do the same for your tax yeah we want to save you that six hours a week and that $4,000 a year. Oh my goodness, do we ever. And at the end of the day, if you're still confused by the tax on your earnings or your assets, it might actually be time to level up your financing processes so you don't get a nasty fine from the tax office or have them trying to look under the hood. Keep out. I just want to keep my house in tip-top shape. Anyway, my friends, I could talk about tax forever, literally, and I probably will because it's actually my entire career. But that is for this episode all from us. We have loved covering this stuff so if you have any follow-up questions comments or reviews please send them our way and

make sure that you're subscribed so that you never miss a money update and we'll catch you on friday for another episode of friday drinks until then take care of yourselves and of each other bye guys 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 321 649 27708 AFSL 451 289.

Thank you for watching.