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News and insights for small businesses

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Are you paying super correctly?? 🫣 🫣
Hunting for eligible deductions this tax season? 🧐⁠ ⁠ Many small business owners overlook common tax deductions, especially from their marketing budget, such as:⁠ ✅ Paid advertising, e.g. Meta boosted posts⁠ ✅ Merchandise, e.g. flyers or t-shirts⁠ ✅ In-store decor, e.g. custom neon sign art⁠ ✅ Subscriptions to software, e.g. Microsoft (marketing emails) or Canva (graphic design)⁠ ✅ Branded gifts, e.g. thank you card for important suppliers⁠ ⁠ Remember, the ATO doesn’t care what department the claim sits under, just that:⁠ 👉 You paid for it⁠ 👉 For business purposes⁠ 👉 This tax year⁠ 👉 Weren’t reimbursed for it⁠ 👉 And can prove it (with a receipt)⁠ ⁠ Bigger deductions for things like business assets might be depreciated over a few years, but don’t forget about the Instant Asset Write-Off 🚀 This lets you claim eligible purchases up to $20k in value in a single tax year 👏 💡⁠ ⁠ (Also btw: accounting software can track tax claims in your bank history for you. Just sayin’). ⁠ ⁠ Link in bio for more potential tax claims 🔗 ✨
Best cities for startups in Australia 2026 📊 🏙️ 🏆 ✨
Don’t be dumb (like me) and get hacked like this 💀 💀
Don’t dick around with the ATO at tax time 😤 (Or anytime!) ⁠ ⁠ The Australian Taxation Office (ATO) oversees tax liabilities for businesses and individuals in Australia, and because Aussies love a good rule, small businesses have a LOT to stay compliant with.⁠ ⁠ Playing FAFO with the ATO can look like:⁠ ❌ Not tracking receipts, expenses, & income⁠ 🗓️ Missing important deadlines⁠ 🤔 Ignoring your own confusion because you’re overwhelmed (Understandable, but not helpful!)⁠ ⁠ But “lazy” does not mean “stress-free” when it comes to lodging tax returns as a business. In fact, it often creates MORE problems for you in the long run. ⁠ ⁠ (Not to mention it’s super exxy to pay all those penalties 😭 💰)⁠ ⁠ Instead, aim for a stress-free financial year (not just tax season!) by working smart, not hard. ⁠ ⁠ This can mean solutions like:⁠ ✅ Getting software that tracks receipts, expenses, & income automatically⁠ 👀 Creating calendar reminders for important dates, like Payday Super and BAS lodgement⁠ 🙋 Asking for help! (From professional, certified financial advisors)⁠ ⁠ Link in bio for more free EOFY small business resources 🔗 ✨
How the Instant Asset Write-Off helps small businesses at tax time 🏦 💰 🚀
Depop snitches to the ATO 👀 Here's why
Are you paying super correctly?? 🫣🫣
Does Payday Super apply to you? Let’s find out 👁️👄👁️💸
Can’t face the world today, here’s a meme. Xoxox Reckon
What is a profit and loss (P&L) statement? 🤔 🧾 📊
A balance is a must-have for any small business, especially during EOFY and tax season 🗓️✨⁠ ⁠ This important spreadsheet shows your business assets, liabilities, and shareholder equities. It serves as a financial snapshot of your business.⁠ ⁠ Link in bio for a free balance sheet template 🔗 ✨

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