Monthly small business insights from our team.
Each month we put together a newsletter covering accounting advice, tax updates and small business insights for Australian business owners. Browse our editions below.
Each month we put together a newsletter covering accounting advice, tax updates and small business insights for Australian business owners. Browse our editions below.
This month we are looking at why a packed schedule does not always mean a profitable one, plus the new permanent $20,000 instant asset write-off, a reminder to review your lodged tax return and a timely warning about tax misinformation online.
The busiest businesses are not always the ones making the most money. Some of the quietest ones are.
The ATO is warning that misinformation in search results and AI-generated summaries can lead to costly tax and super decisions based on incorrect information.
If new information comes to light after lodgment, your return can generally still be amended, so it is not too late to fix a mistake.
ASIC has found many consumers do not review renewal notices, letting small increases on insurance and other recurring costs quietly add up over time.
The 2026 to 2027 Federal Budget has locked in the $20,000 instant asset write-off as a permanent feature for eligible small businesses.
The structure that worked when your business was smaller may not be the best fit today. If things have changed significantly, it may be worth a review.
The ATO has reminded service providers that payments received under government-funded programs generally form part of assessable business income.
Nothing found