The 2026 Federal Budget dropped last night, and this one is not a quiet little tidy-up budget.
The simplest way to explain it:
The government gives with one hand and tightens with the other, and the tightening is all to small businesses and investors.
Workers get some tax relief. Small businesses get a few useful cashflow measures. But investors, family trusts and long-held assets have been hit, and hit hard.
New year, same red tape for small businesses 🚗💻📞🎉🏇⚽🍸🍔🍕🍺 (but with a few new rules!)
Sick of waiting for your invoices to be paid? Take Payment onsite using Xero's Tap to Pay
All the info on what you need to do for your 2025 Income Tax Return
SMSF's are a great flexible tool, allowing you to take control of your wealth. There are a lot of strict rules though on what you can and cannot do with the money and assets inside your SMSF.
Growthwise prepare your Income Tax Return? Got Questions?
Check out some of our answers below.....
There have been a number of important changes to the documents you need in order to be able to claim a tax deduction for working from home.
Make sure you are not missing out on any Tax Deductions. Check out our tips on what you can and can't claim below.
Revving Up Your Tax Return: Claiming Motor Vehicle Expenses in Style!
The Laughs and Lows of Being a Landlord
One of the simplest, yet most important reports you can access in Xero
All the info on what you need to do for your 2024 Income Tax Return
What the budget means for you, your business and your super