by Financially Sorted | Oct 30, 2026 | ATO, Business, Small Business
The Australian Taxation Office (ATO) has extended the timeframe for accepting credit card payments for tax debts until 30 June 2027, following an earlier announcement that the payment option would cease from 30 November 2026. The Federal Government has confirmed it...
by Financially Sorted | Sep 27, 2026 | Federal Budget, Small Business
Instant Asset Write-Off Q. What has been announced? From 1 July 2026, eligible small businesses with aggregated turnover of less than $10 million can permanently access the $20,000 instant asset write-off for eligible assets costing less than $20,000. Rather than...
by Financially Sorted | Jul 31, 2026 | ATO, Small Business, Tax & Accounting, Tax Returns
Tax audits and reviews are becoming increasingly common as the Australian Taxation Office (ATO) uses sophisticated data matching and compliance programs to identify discrepancies in tax returns, BAS lodgements, payroll reporting and other financial information....
by Financially Sorted | Jun 3, 2026 | Business, Small Business
With global fuel supply chains still under strain from conflict in the Middle East, many Australian businesses are feeling the impact through higher operating costs, delayed deliveries and pressure on cash flow.To help stabilise affected sectors, the ATO have...
by Financially Sorted | Jun 3, 2026 | Business, Small Business
ASIC has cautioned business owners to be alert to a growing trend of third-party businesses targeting companies with annual company review letters appearing to be an official government bill from the regulator. It has been exposed that business owners are being sent...
by Financially Sorted | Mar 2, 2026 | ATO, Business
Over the past 12 months, I have found myself having the same conversation with business owners again and again. It usually starts with a variation of “It feels like the ATO is more active than it used to be” or “The ATO has never asked for things like that” or “The...
