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ANNA solves small business challenges with AI powered accounting and tax tools. Available for newly registered companies - First 6 months free for first 1,000 customers
Registering for GST and lodging your BAS is simple with our software - we guide you through setup, track GST automatically, and prepare your BAS for easy, on-time lodgement. Stay compliant without the hassle
Automated expense categorisation, receipt scanner – all in one app. No more missing receipts, smarter books, bigger tax savings
No surprises or unexpected large expenses on GST - know how much you will have to pay at any moment. Get peace of mind with ANNA
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Company tax is the income tax a business pays on its taxable profits in Australia. For the financial year 2026, the standard company tax rate is 30%, or 25% for base rate entities with a turnover under $50 million. Check the ATO website for base entity eligibility
For small businesses, the financial year runs from 1 July to 30 June. Company tax is worked out at 25% (for FY2026) on net income earned in that period. It’s usually paid after 30 June, when you lodge your company tax return by 28 February or 31 October, if you missed a past return. But the deadline can vary, depending on your business size and whether you're lodging through a tax agent. Check the ATO website for income tax due dates. Or sign up to ANNA and get a personalised tax calendar right inside your app
The calendar year runs from 1 January to 31 December. The Australian financial year runs from 1 July to 30 June. Tax lodgements are generally prepared based on the financial year. For example, the 2024–25 financial year covers income earned from 1 July 2024 to 30 June 2025
Taxable income typically includes revenue from sales or services, interest income, capital gains, and other business earnings - minus allowable deductions like expenses, depreciation, and losses.With ANNA, your transactions are auto-magically categorised, so you can see exactly what counts (and what doesn’t) towards your taxable income. Taxable income insights are coming soon, making it even simpler to stay on top of things. In the meantime, check the ATO website for how to work out your business taxable income
If your company makes a tax loss, you may be able to carry it forward and offset it against future profits. This helps reduce tax in future profitable years, subject to some rules. Check the ATO website for how to claim a tax loss
it’s fine to use your personal credit card to cover business expenses. This creates a loan in your company accounts, which means the company owes you the money back
Using company money for personal expenses is treated as you taking out company funds that haven’t been taxed yet. This might trigger a Division 7A issue – a tax rule designed to stop private companies from handing out money tax-free
If this happens, you’ll need to sort it by:
1. Paying the money back to the company by the end of financial year; OR
2. Treating it as a dividend issued to yourself; OR
3. Treating it as wages issued to yourself; OR
4. Setting up a Division 7A loan agreement and making minimum repayments over the next, usually, 7 years with interest, since the company is effectively loaning you the moneyYour accountant will usually do a year-end review of your loan account, and that’s the time to decide which option to go with, as each option has different tax implications. You can find more information about Div7A loan on the ATO website
