There aren't many certainties in life... but tax is one of them. And look, on the surface it doesn't come across as the sexiest of topics, but burying your head in the sand is a surefire way to create unnecessary stress in your life. The sooner you get your head around tax, the less you'll have to think about it.

In this episode of BIZ, Lisa and Em chat to the Managing Director of HNRY to unpack the misconceptions many people have about tax and how understanding it is essential, especially if you're a business owner, sole trader or make extra income outside of your regular employment. 

In this episode you'll learn:
What you can actually claim as a work expense
The pros and cons of different business structures when it comes to tax
The tax incentives for superannuation contributions 
Why a tax refund might not be a good thing
How to manage your taxes when you're self-employed

THE END BITS

Support independent women's media.
Got a work life dilemma? Send us all the questions you definitely can't ask your boss for our Biz Inbox episodes - send us a voice note or email us at podcast@mamamia.com.au. You can remain anon! 

HOSTS: Lisa Lie and Em Vernem

GUEST: Karan Anand - Managing Director & Chief Strategy Officer at HNRY (Check them out if you're a sole trader and want to automate your tax!)

EXECUTIVE PRODUCER: Courtney Ammenhauser

SENIOR PRODUCER: Thom Lion
VIDEO PRODUCER: Marlena Cacciotti

Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures.

There aren't many certainties in life... but tax is one of them. And look, on the surface it doesn't come across as the sexiest of topics, but burying your head in the sand is a surefire way to create unnecessary stress in your life. The sooner you get your head around tax, the less you'll have to think about it. In this episode of BIZ, Lisa and Em chat to the Managing Director of HNRY to unpack the misconceptions many people have about tax and how understanding it is essential, especially if you're a business owner, sole trader or make extra income outside of your regular employment.&nbsp;
In this episode you'll learn:
<ul data-start="1761" data-end="2125">
<li data-section-id="12gzpbz" data-start="1761" data-end="1822">What you can actually claim as a work expense</li>
<li data-section-id="12gzpbz" data-start="1761" data-end="1822">The pros and cons of different business structures when it comes to tax</li>
<li data-section-id="12gzpbz" data-start="1761" data-end="1822">The tax incentives for superannuation contributions&nbsp;</li>
<li data-section-id="12gzpbz" data-start="1761" data-end="1822">Why a tax refund might not be a good thing</li>
<li data-section-id="12gzpbz" data-start="1761" data-end="1822">How to manage your taxes when you're self-employed</li>
</ul>
THE END BITS
<a href="https://mamamia.com.au/subscribe/?utm_source=shownotes&amp;utm_medium=podcast&amp;utm_campaign=quicky&amp;utm_content=mm-birthday&amp;code=TQBIRTHDAY">Support independent women's media</a>. Got a work life dilemma? Send us all the questions you definitely can't ask your boss for our Biz Inbox episodes -<a href="https://help.mamamia.com.au/en-US/send-a-podcast-voice-note-467960"> send us a voice note</a> or email us at podcast@mamamia.com.au. You can remain anon!&nbsp;
HOSTS:&nbsp;<a href="https://www.instagram.com/lisa.lie_learna/?hl=en">Lisa Lie</a> and<a href="https://www.instagram.com/emilyvernem/?hl=en"> Em Vernem</a>
GUEST: <a href="https://www.linkedin.com/in/karanviranand/">Karan Anand</a> - Managing Director &amp; Chief Strategy Officer at&nbsp;<a href="https://hnry.com.au/?utm_term=hnry%20tax&amp;utm_campaign=b+%7C+hnry+%7C+au&amp;utm_source=adwords&amp;utm_medium=ppc&amp;hsa_acc=9553240142&amp;hsa_cam=11698849175&amp;hsa_grp=108948133330&amp;hsa_ad=482122396781&amp;hsa_src=g&amp;hsa_tgt=kwd-359750379564&amp;hsa_kw=hnry%20tax&amp;hsa_mt=b&amp;hsa_net=adwords&amp;hsa_ver=3&amp;gad_source=1&amp;gad_campaignid=11698849175&amp;gbraid=0AAAAADMS8J7kp1Tr2irNKTHnZh1tZk9CR&amp;gclid=Cj0KCQjwkOvTBhDgARIsAKUNyRu3Km0V82WwiRnubw02u_uk_M-EVIwgM4wXFalvq2NBmiHCxemqgisaAiTPEALw_wcB">HNRY</a> (Check them out if you're a sole trader and want to automate your tax!)
EXECUTIVE PRODUCER: Courtney Ammenhauser
SENIOR PRODUCER: Thom Lion VIDEO PRODUCER: Marlena Cacciotti
Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures.

BIZ is a podcast about work and how to make it work for you.

This season, we're promising new wisdom, fresh energy, and zero fluff. Co-hosts Em Vernem (ambitious but efficient) and Lisa Lie (founder of Learna) bring real talk, real hacks, and real experience. No vague inspo, no recycled advice—just smart, straight-up strategies that actually work. Because work is hard enough without having to figure it all out yourself.

Because work is hard enough without having to figure it all out yourself.

BIZ is a podcast about work and how to make it work for you.
This season, we're promising new wisdom, fresh energy, and zero fluff. Co-hosts Em Vernem (ambitious but efficient) and Lisa Lie (founder of Learna) bring real talk, real hacks, and real experience. No vague inspo, no recycled advice&mdash;just smart, straight-up strategies that actually work. Because work is hard enough without having to figure it all out yourself.
Because work is hard enough without having to figure it all out yourself.

Biz 

The Thing About Income Tax You're Getting Wrong

https://api.omny.fm/orgs/3ea926be-9be7-482a-8ac3-a44f016e43d1/clips/5bf631a2-a2d4-4379-bf00-b49e001dd11a/transcript