Knowledge Space
EOFY Tax Deductions You Can Claim in 2026 (Complete List)
As the EOFY (End of Financial Year) approaches, smart taxpayers don’t just lodge — they optimise. Knowing what you can legally claim at EOFY can significantly reduce your tax bill
ATO Tax Return Audit Red Flags: How to Avoid Costly Mistakes
Nobody wants to receive an audit notice from the Australian Taxation Office (ATO). Yet each year, thousands of Australians are flagged for audits because their tax returns trigger red flags
What Is a Sole Trader and How Does It Work in Australia?
If you’re planning to start a small business on your own, one of the first questions you’ll likely ask is what is a sole trader and whether it’s the right
What Is Payroll Tax? A Simple Explanation for Small Business Owners
Payroll tax is a state-based tax that employers in Australia must pay on wages once their total employee payments exceed a set threshold. Unlike income tax, which employees pay on
How to Get an ABN: Step-by-Step Guide for Sole Traders (2025)
If you’re starting a business as a sole trader in Australia, getting an Australian Business Number (ABN) is essential. An ABN is your business’s unique 11-digit identifier, required to operate
End of Financial Year (EOFY) Guide for Australian Small Businesses
The End of Financial Year (EOFY) in Australia occurs on 30 June each year. It is the date by which small businesses must finalise their financial records, lodge tax returns,
What an ASIC Registered Agent Can Do for Your Company: 2025 Guide
Running a company in Australia comes with ongoing legal and reporting obligations — and failing to meet them can lead to penalties, delays, and unnecessary stress. This is exactly where
When Does the Financial Year Start and End in Australia
Whether you’re a business owner, employee, or self-employed professional, understanding when the financial year begins and ends is crucial for every Australian taxpayer. Getting these dates right ensures you meet