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#Tax

News

Aussies started 44,000 companies in one month, and the tax rules may be why

Nearly 2.82 million Australian businesses are now trading, the strongest annual growth in four years, new ABS figures reveal, with companies leading the charge.

Yajush Gupta · 2 min
Tech Tuesday

Tech Tuesday: Best bookkeeping & tax tools in 2026

This guide reviews 45 of the most important bookkeeping and tax tools of 2026, mapped across the full financial management stack.

Mazi · 2 min
News

Trust tax changes still on track to hit small business owners harder than high-earning employees

A new government consultation paper on trust tax changes has done little to ease concerns. COSBOA says 210,000 small family businesses could still face a higher tax burden from 2028.

Yajush Gupta · 2 min
News

Small businesses using trusts face significant new costs under proposed tax changes

COSBOA is warning proposed trust tax changes go far beyond a tax discussion.

Yajush Gupta · 2 min
Featured

Let’s Talk: The tax structure mistakes SMEs make in month one and regret in year five

This week in Let’s Talk, our experts share the tax structuring decisions SMEs need to get right from day one, before they become expensive to undo.

Yajush Gupta · 2 min
Expert

Tax reform rewards workers but demands investor action before June 2027

H&R Block’s Mark Chapman welcomes Federal Budget as one of the most substantive tax reform packages in a generation, delivering meaningful relief for workers whilst making long-overdue structural changes.

Mark Chapman · 2 min
Expert

What needs to happen in this Budget 2026 to rebuild trust in the tax reform agenda

John Storey from The Tax Institute looks at why years of delayed tax reforms are leaving Australian small businesses stuck in limbo.

The Tax Institute · 2 min
News

Red tape, tax reform and skilled labour: What mid-market Australia needs from the Federal Budget

Cutting red tape, keeping the instant asset write-off, and tackling tax reform. KPMG surveys over 150 mid-market CEOs on what they need ahead of the Federal Budget.

Yajush Gupta · 2 min
Tech Tuesday

Tech Tuesday: The Best AI Tax Assistant Tools

Discover the top AI tax assistant tools that automate deduction finding, tax research, indirect tax filing, and crypto reporting across every taxpayer profile.

Mazi · 2 min
Featured

ATO reveals 2026 tax time focus areas and warns against AI-generated tax advice

The ATO is warning Australians to stop acting on tax tips from AI platforms, finfluencers and social media before lodging.

Yajush Gupta · 2 min
Expert

EOFY 2026: The record-keeping habits that separate a good return from a costly one

The ATO has flagged work from home claims as a priority audit area for 2026. Mark Chapman looks at the most common mistakes small business owners make.

Mark Chapman · 2 min
Tax

Expert: How to navigate the tax maze as a new business owner

Taxes don’t have to be a nightmare. This guide breaks down the essentials you need to know

Mark Chapman · 2 min
Finance

Start your side hustle on the right foot with these tax strategies

Here are some key tax strategies to keep in mind as you launch and grow your side hustle.

Mark Chapman · 2 min
Small Business

New FY Checklist: Five-step guide to preparing your business for the new fiscal year

Here are the top 5 things you need to know to close out the financial year and set yourself up for a flying start to FY23.

Yajush Gupta · 2 min
Featured

Let’s Talk: EOFY Tax Tips for small business owners

Our experts offered the best strategy to handle your tax responsibilities and get through the fiscal year 2022/23 in this week’s Let’s Talk.

Yajush Gupta · 2 min
Accounting

The weird and wacky things you can claim on your tax return

The key to maximising that refund is to make sure you’re claiming all the deductions you’re entitled to, writes Mark Chapman

Mark Chapman · 2 min
Accounting

The low- and middle-Income tax offset and how that will play into Aussie’s tax refunds this year

Here’s how to file your tax returns if you are eligible for the LMITO.

Mark Chapman · 2 min
News

Lockdown leniency over as the ATO resumes debt collection

It’s back to business for the Australian Tax Office (ATO) as it resumes debt collection in NSW, the ACT and Victoria.

Heidi Heck · 2 min
Australian Budget 2021

ICA says Queensland budget is a ‘missed opportunity’

The Insurance Council of Australia has slammed the new Queensland 2021-22 budget, saying it fails to protect Queenslanders from extreme weather disasters.

Yajush Gupta · 2 min
News

A majority of Australian SMOs are unaware of changes to instant asset write-off: Officeworks report

A new study by Officeworks revealed that almost half of the Australian small business owners (49%) are unaware of the increase in the threshold for instant asset write-off.

Yajush Gupta · 2 min
Locked

R&D tax incentive inquiry delayed a third time

Businesses have been plunged into further uncertainty as the Senate inquiry into R&D tax incentive (‘RDTI’) reforms is delayed a third time this year. What do we know so far? The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (‘the Bill’) was introduced on the 5 December 2019 to reform RDTIs. Treasurer Josh […]

Ann Wen · 2 min
Locked

What the government tax exemption means for SMEs

In the wake of the recent bushfires, a number of measures have been announced by government to help fire-affected small businesses, their owners and their employees to recover and rebuild – including tax exemptions and grants. Crucially, whilst many of the grants and payments on offer would normally be regarded as taxable income (meaning that […]

Mark Chapman · 2 min
Locked

The financial challenges small Aussie businesses are facing

Small business is the engine room of the Australian economy and with the numbers of small businesses growing rapidly, allied to the explosion in the ‘gig’ or ‘sharing’ economy, there are thousands of Aussies confronting the challenge of getting a business off the ground for the first time. So, if you’re a budding entrepreneur, what […]

Mark Chapman · 2 min
Accounting

Why do major companies keep getting caught in employee underpayment scandals?

Every few months sees a major employee underpayment scandal – companies announcing that they have made payroll errors that have impacted thousands of employees – go public. Examples are the $43 million error by Rebel Sport this year, the $2 million error by Lush Cosmetics last year, the $1 million in underpayments by Maurice Blackburn […]

Loren Webb · 2 min