Receiving money from a government-funded program doesn’t automatically mean the income is tax-free. If your business provides services through a government-funded program, it can be easy to assume that payments received from the government — or through a government program — are treated differently for tax purposes. That’s not necessarily the case. The ATO has […]
The structure that was right when you started your business may not necessarily be the right structure for where you are today. When you first started your business, choosing a business structure was probably one of the many decisions you had to make quickly. You may have started as a sole trader, entered into a […]
Good news for small-business owners: the $20,000 instant asset write-off is here to stay. If you’ve been putting off equipment purchases because the instant asset write-off seemed to change from year to year, there’s now significantly more certainty when planning your business investments. As announced in the 2026–27 Federal Budget, the $20,000 instant asset write-off […]
Automatic payments are convenient — but when was the last time you checked what you’re actually paying for? Have you ever received a renewal notice, noticed the price had increased, and simply paid it anyway? You’re certainly not alone. According to the Australian Securities and Investments Commission (ASIC), many Australians don’t fully understand why their […]
Think your tax return is finished once you hit “submit”? Not necessarily. Many Australians have already lodged their 2025–26 tax return, and for some, the process is now complete. But what happens if you discover something was missed, find an important document, or receive information after you’ve lodged? The good news is that lodging your […]
Not every tax mistake starts with a scam. Sometimes, it starts with information that simply isn’t correct. Most Australians know to be cautious when they receive an unexpected text message, email or phone call claiming to be from the ATO or myGov. But scams aren’t the only online threat during tax time. The ATO is […]