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Friends With Money #152: Tax prep power tips and savings

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Tax season is nearly upon us once again, so what are the tax changes you need to know about and the steps you can take to start to prepare?

This week on the Friends With Money podcast, Money's Tom Watson is joined by director of tax communications at H&R Block, Mark Chapman, to talk all things tax in the lead up to the 2024/25 financial year. They discuss:

  • Stage three tax cuts and small business changes
  • Property, crypto and other ATO focus areas
  • Working from home deductions
  • How to start getting prepared 
  • The last-minute deductions worth considering

friends with money 152 tax prep power tips and savings

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney.

Mark Chapman is director of tax communications at H&R Block, Australia's largest firm of tax accountants, and is a regular contributor to Money. Mark is a Chartered Accountant, CPA and Chartered Tax Adviser and holds a Masters of Tax Law from the University of New South Wales. Previously, he was a tax adviser for over 20 years, specialising in individual and small business tax, in both the UK and Australia. As well as operating his own private practice, Mark spent seven years as a Senior Director with the Australian Taxation Office. He is the author of Life and Taxes: A Look at Life Through Tax.