Tax and business news

The Government proposes removing the higher age-based private health insurance rebates for people aged 65 and over. The measure is not yet law, but affected policyholders should understand the possible cost.

The Medicare levy low-income thresholds have increased by 2.9% for 2025–26. Here are the new figures, who they affect and how the ATO applies them in your tax return.

The May 2026 Federal Budget brought major changes for workers, property investors, trusts and businesses. Here is what is law, what is proposed and what to do next.

A plain-English run-through of the 2026–27 tax changes that actually matter — what starts when, and what is still just an announcement.

Negative gearing and CGT reforms are proposed for 1 July 2027 — not your 2026–27 return. The timing, in plain English.

Tax time can feel confusing, especially if you are not sure how to prepare and lodge your tax return. For the 2026 financial year, your tax return needs to include your income, deductions and other relevant tax information for the period 1 July 2025 to 30 June 2026. This guide explains how to do your tax return in Australia, what documents to gather, when to lodge, and how to avoid common mistakes. Whether you lodge yourself through myTax or use a registered tax agent, unders

Why Small Businesses Need Professional Invoicing and Compliant Accounting Software Discover how professional invoicing and compliant accounting software improve cashflow, GST compliance, and bookkeeping for small businesses. Invoicing is often the first impression a customer gets from your business. Messy handwritten invoices, basic Word templates, or scattered Excel spreadsheets can make your business look unprofessional and cause delays in payment. For small businesses, so

Understand why small businesses need regular financial reports and tax advice throughout the year, not just at tax time or BAS lodgement. Many small business owners only check their financial accounts when the BAS or tax return deadline looms. By then, it’s often too late to make informed decisions that could improve cash flow, reduce tax bills, or avoid costly mistakes. Waiting until tax time means missing out on the benefits of clear, up-to-date financial information and on

Regular bank reconciliation helps identify missing, duplicated or unmatched bank transactions before BAS, GST, PAYG and other ATO reporting. Accurate lodgments also depend on correct tax treatment, source records and the applicable reporting rules. Bank reconciliation and ATO lodgements are two of the most important parts of keeping a small business organised. Many small business owners, sole traders, and local employers only review their bookkeeping when the BAS is due. This

Payroll is more than wages. Learn why accurate payroll, super, STP and record keeping matter for small businesses and employers in Australia. Payroll is one of the most important systems in any small business. Employees depend on being paid correctly and on time. The Australian Taxation Office (ATO) relies on accurate payroll reporting to ensure tax and super obligations are met. Mistakes in payroll can cause problems with your staff, the ATO, and the Fair Work Ombudsman. For