Jake Hicks // Tax Tracker

2026-27 Financial Year (1 July 2026 – 30 June 2027)  ✎ tap name to edit

2026-27 rates: 15% bracket now in effect ($18,201–$45,000). Super rate 12%. Concessional cap now $32,500. Home office rate now 70c/hr. $1,000 instant work expense deduction available — claim at lodgement without receipts.
Starting Point — Prior Income This Financial Year
Income earned before you started using this app this financial year. Enter 0 in all fields if you're logging everything through the app.
⚑ 2026-27: No WorkCover or employment income expected this year. Leave employment fields at 0 unless you had employment income before switching to this app mid-year.
Employment / WorkCover (already taxed at source)
Sole Trader / ABN income (not yet taxed)
Both fields push you into the right tax bracket. Only ABN income has tax set aside — employment/WorkCover is already handled by your employer.
$0
Taxable: $0
$0
Paid: $0
$0
Paid: $0
$0
After tax & super
Tax Bracket Progress — 2026-27
$0 $18k $45k $135k $190k+
Bracket: 0% tax free
Running Tax Position
$0.00
$0.00
$0.00
Add income to see your running position.
Add Income Entry
Sole trader income. Tax and super (12%) set aside at your marginal rate.
What to Set Aside — This Payment
$0.00
$0.00
0%
$0.00
$0.00

Income Entries

Year to Date — Running Position
Income
$0.00
$0.00
$0.00
$0.00
Tax — Annualised Set-Aside (per payment)
$0.00
$0.00
$0.00
Tax — Exact Year-End Estimate (see EOY tab for full detail)
$0.00
$0.00
$0.00
Super
$0.00
$0.00
$0.00
2026-27 Tax Brackets (incl. 2% Medicare Levy)
0% — Tax Free Threshold
15c per $1 over $18,200 + 2% Medicare
$4,020 + 30c per $1 over $45,000 + 2% Medicare
$31,020 + 37c per $1 over $135,000 + 2% Medicare
$50,370 + 45c per $1 over $190,000 + 2% Medicare
Super rate: 12% for 2026-27. Sole trader super contributions are 100% tax deductible. Concessional cap: $32,500/yr (increased from $30,000).
Deductible Expenses Summary
$0.00
All logged
$0.00
After % applied
$0.00
At current bracket
0/0
entries with receipt
Add Deductible Expense
GST included in this expense
Tick if your receipt shows GST was charged. The app will calculate 1/11th as an input tax credit for your BAS.
Receipt Location
Preview — This Expense
$0.00
$0.00
100%
$0.00

Expense Entries

Deduction Category Guide — 2026-27
88c/km, max 5,000km = $4,400 max. No receipts needed.
Actual costs × work use %. No km cap. 12-week logbook required.
100%. You paid, client reimburses via invoice. Deduction offsets the income — you only pay tax on profit. Keep receipt, note client and activity.
100%. You covered the cost yourself. Bowling, entry fees, activities for clients. Keep receipt, note client and activity.
Work use % only. Keep a 4-week sample diary. Typically 50–80%.
70c/hr for every hour worked from home (updated for 2026-27). Keep a diary of hours.
100% if wholly for work. D&D books, Lego, games used in sessions — document work purpose clearly in your diary.
100% if it maintains or improves skills for your CURRENT work. Not for entering a new career.
100%. Public liability and professional indemnity both fully deductible.
Work use % only. Apps, Claude Pro, professional memberships.
100%. Food/drinks for a client during a support session or STA. Duty of care, not entertainment. Keep receipt, note client and context.
50% pending accountant confirmation. Shared meals or coffee that may fall under entertainment rules. Confirm at lodgement.
100% if logo'd uniform or protective gear. Regular clothes — not claimable.
100% deductible. Must lodge Notice of Intent BEFORE lodging tax return.
100% deductible. Claimed in the year you pay them.
Prepay eligible expenses before 30 June to pull the deduction into this financial year. Log here and flag prepaid.
Confirm with accountant before relying on these at lodgement.
Instant asset write-off: assets under $20,000 are immediately deductible in 2026-27 for sole traders with turnover under $10M. Now permanent. $1,000 instant work expense deduction: claim up to $1,000 in work-related expenses without receipts at lodgement. Separate from your normal deductions.
Grey areas: RPG books, games, Lego used in sessions. Claimable with documentation. Confirm at lodgement.
All trips, expenses and km below apply to the D-MAX. Switch vehicles above to log Colorado entries separately. Both vehicles contribute to your EOY total.
Vehicle Setup
Commercial Vehicle — 100% Deductible
Tick if payload exceeds 1 tonne and confirmed with your accountant. All vehicle costs, loan interest, depreciation and linked deductions automatically apply at 100%. GST credits recalculate accordingly.
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Update current odometer regularly — every fill-up or once a month is ideal. The app uses this to calculate your total km driven and work use percentage. At tax time this becomes your end-of-year figure.
0
Current minus start odo
0
0%
Applied to all expenses
$0.00
Tax saved: $0.00
Claim Method — Vehicle Deduction
Log Work Trip
This Trip
0 km
0 km
0%
Add Vehicle Expense
Receipt Location
GST included in this expense
Tick if your receipt shows GST. Fuel, servicing, tyres all include GST. 1/11th goes to your BAS credits.
This Expense
$0.00
0%
$0.00
$0.00
ATO Logbook Export
Export your trip log in ATO-formatted CSV — ready to hand to your accountant or keep as your official logbook record alongside your physical book.

Work Trips

Vehicle Expenses

Business Loan — D-MAX Finance Tracker
Only the interest component of each payment is deductible at your work use %. Principal repayments are not deductible — the asset value is claimed via depreciation instead. The app calculates the interest/principal split for every payment automatically.
Loan Details
$40,680.00
Principal outstanding
$0.00
2026-27 financial year
$0.00
At work use %
0
of 260 weekly
Vehicle Depreciation (8 year effective life)
Base vehicle
$44,300
Improvements
$0.00
Annual dep
$5,537.50
Claimable this year
-
Log Payment
ATO Logbook Rules
This app uses the logbook method — no km cap, actual costs × work use %.
ATO requires a 12-week continuous logbook to establish your work use %. Logbook is valid for up to 5 years unless your work use changes significantly.
If work km stay under 5,000/yr, the cents per km method (88c/km, no receipts needed, $4,400 max) may be simpler — the app flags this automatically.
GST Registered — Effective 1 July 2026
Your ABN is now GST registered. NDIS services remain GST-free — do not add 10% to NDIS invoices. Private clients are taxable — add 10% GST to those invoices.
You can now claim input tax credits (GST back) on all business expenses. First BAS due 28 October 2026 covering July–September.
$0.00
From private invoices
$0.00
GST back on expenses
$0.00
Refund or payment
$3,909.09
Claim on first BAS Oct
PAYG Instalments
Track your quarterly PAYG prepayments to the ATO. Pay weekly via MyGov → Income Tax account. Only tax marked as paid in the Income tab counts here.
BAS Quarters — 2026-27
Private Client Income (Taxable — GST Applies)
Log income from non-NDIS private clients here. You must charge 10% GST on top of your rate and remit it to the ATO via BAS. The GST collected is NOT your income — set it aside separately.
Input Tax Credits — GST on Business Expenses
For every business expense that includes GST, you can claim 1/11th back. The app auto-calculates from your logged deductions. Add any extras here — including the D-MAX purchase.
D-MAX Purchase — One-off GST Credit
Vehicle purchase price (incl GST): $43,000
GST component (1/11): $3,909.09
Claim this on your Q1 BAS (October 2026) as an input tax credit.
Work use %: enter your logbook % at lodgement — your accountant may apportion this.
BAS Reference — NDIS GST Rules
NDIS services — GST-free (Section 38-38)
✓ Do NOT add 10% GST to NDIS invoices
✓ Report NDIS income as GST-free sales on BAS (Label G3)
✓ You can still claim input tax credits on your expenses
✓ GST-free applies when: participant has current plan, support is reasonable and necessary, you have a service agreement
Private clients — taxable
⚑ Add 10% GST on top of your private rates
⚑ Collect the GST and remit it via BAS — it's not your income
⚑ Issue tax invoices showing GST separately
BAS lodgement deadlines 2026-27
Q1 (Jul–Sep): 28 October 2026
Q2 (Oct–Dec): 28 February 2027
Q3 (Jan–Mar): 28 April 2027
Q4 (Apr–Jun): 28 July 2027
Late BAS lodgement incurs penalties from the ATO. Set calendar reminders now for each due date.
$0.00
Of taxable income
$0.00
Logged as paid
$0.00
Set aside now
$30k
Annual limit 25-26
End of Year Super Checklist
Tick these off before you lodge your tax return. Missing steps cost you the deduction.
Super Contribution Tracker

Super Contributions

Super Reference — Sole Trader Rules
You are not legally required to pay yourself super as a sole trader. But you absolutely should for your future, and because it's one of the most powerful tax levers you have.
Every dollar you contribute (up to $32,500/year) is fully deductible from your taxable income. It goes in at 15% tax inside super instead of 30%+ on the way in.
Notice of Intent to Claim: You must lodge this form with your super fund BEFORE you lodge your tax return. Without it, you lose the deduction. No exceptions.
Hostplus Indexed Balanced — confirmed as your fund (USI HOS0100AU). All contributions go there.
Log debts and obligations the ATO calculates at tax time — HECS/HELP repayments, child support, and any other liabilities. These get added to your tax bill at lodgement and are shown separately in your EOY estimate.
$0.00
Added to tax bill
$0.00
Compulsory repayment
$0.00
Child support etc
HECS / HELP Repayment Calculator
The ATO calculates your compulsory HECS repayment based on your repayment income (taxable income + reportable fringe benefits + total net investment losses). Enter your HELP balance and the app estimates your repayment.
Add Other Obligation

Obligations

2026-27 HECS / HELP Repayment Rates
0% — no repayment required
1.0%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0% – 10.0% (escalating)
Repayment is based on your repayment income, not just taxable income. If your HELP balance is less than the calculated repayment, only the balance is collected — the debt is cleared.
Child support is handled separately by Services Australia — it can intercept tax refunds if arrears exist. Contact CSA to confirm your current status before lodging.
2026-27 New Rules
✓ 15% bracket — $18,201–$45,000 down from 16%. Saves up to $268/yr automatically.
✓ $1,000 instant work deduction — claim at lodgement without receipts. On top of your normal deductions.
✓ 70c/hr home office — up from 67c. Every hour logged is now worth more.
✓ Super cap $32,500 — up from $30,000. More room to contribute deductibly.
✓ Instant asset write-off $20k — now permanent. Any work asset under $20k write off immediately.
End of Year Tax Estimate
Based on 2026-27 brackets. Rough estimate only — see a registered tax agent for lodgement.
$0.00
$0.00
$0.00
0%
$0.00
-$0.00
$0.00
$0.00
-$0.00
$0.00
Add income and deductions on the other tabs to see your estimate.
Full Year Summary
Income
$0.00
$0.00
$0.00
Deductions
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Tax
$0.00
$0.00
$0.00
$0.00
Super
$0.00
$0.00
⚑ Items to Discuss with Accountant
These items have been flagged during the year as needing accountant confirmation at lodgement.
No flagged items yet.
Pre-Lodgement Checklist
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