Ross Steele

The Government has recently introduced legislation that would make the $20,000 instant asset write-off permanent for small businesses (as announced in the 2026 Federal Budget).

2026 Budget: The Big Changes! Delivering a new Working Australians Tax Offset ('WATO') to provide a permanent annual $250 tax offset to all eligible Australian workers. This applies to eligible income earned from 1 July 2027 (i.e., from the 2027/28 income year). Introducing a $1,000 instant tax deduction to allow workers to deduct up to $1,000 of work-related expenses without keeping receipts from 1 July 2026.

With less than two months until ATO is 'Clearing Up' Some Common Payday Super Myths Payday Super starts (on 1 July 2026), the ATO wishes to 'clear up' the following common misconceptions.