A lot has changed in the tax world over the last 12 months, and more changes are just around the corner. Whether you're a one-person show or have a small team, here are the 5 biggest shifts that affect your bank account:
The $20k Shopping Window
You can still instantly write off the cost of most business equipment under $20,000 (like a new laptop or a coffee machine for the office) until 30 June 2026. After that, the limit might drop significantly, so if you need a gear upgrade, now is the time. Just remember, make sure it’s something you actually need. It's never a good idea to spend money just to save money.
The 12% Super Milestone
As of 1 July 2025, the amount of super you pay your staff (and yourself) has hit its final scheduled increase to 12%. It’s the new normal for your payroll costs, and no further increases are scheduled.
Late Fees Just Got Pricier
It used to be that if you were a bit late paying the ATO, you could at least claim the interest they charged you as a tax deduction. Not anymore! Since 1 July 2025, those late fees and interest are no longer tax deductions.
A Little Extra for You in your Pay
There is some good news for your personal pocket. From July 2026, tax rates for people earning under $45,000 are dropping to 15%. If you’re a sole trader or have part-time staff, this means more take-home pay and less for the taxman.
Goodbye Quarterly Super Guarantee
This is the big one. Starting 1 July 2026, the old way of paying super every three months is going away. If you want a bit more info read our article: Super Changes are Coming on 01 July 2026: All You Need to Know