Six ideas worth checking — the common assumption on the left, the practical position Max-Tax-Pro talks through with clients on the right.
Guide · 6 July 2026
Tax planning: myths vs truths
Tax planning is less about last-minute tricks and more about clear records, better timing and decisions made before deadlines close in.
Myth: Tax planning is only for the wealthy.
Truth. Anyone with income can benefit — timing deductions, super contributions and the right structure matter at every income level.
Myth: June is the only time to think about tax.
Truth. The best results come from planning months before 30 June. By late June, most doors have already closed.
Myth: Spend $1, get $1 back — deductions are a refund machine.
Truth. A deduction reduces your taxable income, so you get back cents in the dollar at your marginal rate. Never buy something only for the deduction.
Myth: If my employer and bank report it, I don’t need to check anything.
Truth. Pre-filled data is a starting point. You’re still responsible for your return being complete and correct.
Myth: Working-from-home claims are automatic.
Truth. You need records — hours worked and the method you choose — and the rules change from year to year.
Myth: A bigger refund means a better accountant.
Truth. A good agent gets you exactly what you’re entitled to — no more, no less. ‘Creative’ claims cost far more when the ATO asks questions.
None of this is advice about your situation. If one of the six sounds like you, that is the conversation worth booking.