ANNA Money Tax Special
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We’ve put together a simple EOFY guide with practical tips for Australian small businesses, covering everything from deductions to staying tax-ready.
Read more: EOFY Survival Guide for Australian Small Businesses
There are plenty of grants, startup funding opportunities, and tax incentives available to eligible small businesses; it’s always worth seeing what support may be available for you.
Learn more: Government Grants, Startup Funding & Tax Incentives Guide
A friendly reminder that from 1 July 2026, super contributions will need to be paid at the same time as wages instead of quarterly. Starting early can make the transition much smoother.
More information via the ATO: ATO Payday Super Information
The 2026–27 Federal Budget has just been released, bringing a few tax updates worth knowing about. Some of the bigger discussions are around property investments, with proposed changes to negative gearing and capital gains tax from 1 July 2027.For small businesses, the Government is introducing a range of tax changes to support growth and improve cash flow. Companies will be able to use current year losses to offset tax paid in recent years, and early-stage start-ups will later be able to receive refunds for losses in their first years to help them stay afloat. The $20,000 instant asset write-off will also be made permanent, giving small businesses more certainty when investing in equipment.
Learn more: 2026-27 Budget Tax Reform
Our new GST Estimation feature is now live on both desktop and mobile, helping you stay on top of your GST and prepare for BAS with confidence. On desktop, you’ll see a detailed breakdown of your GST position and BAS totals, while the mobile app gives you a quick snapshot of your current GST status on the go. Everything runs on a real-time, cash-basis view with built-in GST rules to keep things simple and accurate.You can also connect multiple bank accounts, access BAS-ready summaries, and use tools like Pots and Smart Receipts to stay organised and set aside GST easily, with support from ANNA’s accountant team whenever you need it.
Learn more: annamoney.au/post/gst-estimation-tool.
Our Virtual Office gives your business a professional Sydney CBD address while keeping your home address private. Important mail from ASIC, the ATO, and your customers can be received securely at your Virtual Office address, with all mail scanned and uploaded directly to your app.Up until now customers could only opt-in to our Virtual Office solution when they signed up via our Formations pathway - now all customers can opt in for Virtual Office from within your Dashboard. A reminder that you just need to manually update your address details with the ASIC/ATO and share with your customers.
Learn more: annamoney.au/services/virtual-office-address.
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Some shameless self promotion - we’ve been nominated for two Fintech Australia awards. The ‘Finnies’ are Australia’s top awards for the financial services industry, and we’re up for Best Innovation in Payments and Best Innovation in Open Banking/Open Finance (btw if you haven’t yet connected your bank accounts in ANNA for one central view of your finances, jump into the Dashboard to link them). Winners are announced on 18 June 2025, fingers crossed!
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