
Did you know there’s a secret club in the tax world? Its members are authors, artists, inventors, and elite athletes. The entry fee? A breakout year. The benefit? A special tax concession that could save you thousands.
Join Mia and Leo as they unlock the doors to one of the most niche and powerful provisions in tax law: income averaging for special professionals. This is the ATO's solution for "lumpy" income – those massive spikes you get from a book advance, a hit song, or a major tournament win.
Using detailed examples of an author and a tennis player, we break down the complex calculations step-by-step to show you how this secret rule works. This is a must-listen for any creative or sportsperson.