Mention the ATO and most small business owners start to sweat. But in reality, the Australian Taxation Office isn’t out to get you — they just want you to play by the rules. And if you’ve got good systems, clear records, and the right advice, there’s nothing to be scared of.
Here’s how to take the fear out of tax time:
1. Keep Digital Records, Not Just Shoeboxes
Gone are the days of dumping receipts in a drawer. With cloud-based software, it’s easy to track income and expenses in real time. You’ll have everything ready for BAS, EOFY, or an unexpected audit — no panic required.
2. Know What You Can Claim
Many small businesses underclaim deductions because they’re unsure what counts. Are your tools, travel, and internet expenses claimable? What about training courses or home office costs? We help you understand what’s fair — and what’s pushing it.
3. Stay On Top of Super and PAYG
The ATO has been cracking down on super and payroll obligations. If you have employees (or even contractors), it’s important to report and pay correctly. We help keep your payroll compliant and your stress levels low.
4. Don’t Leave Lodgement to the Last Minute
Late lodgement and unpaid tax can lead to penalties. If you’re struggling, the ATO is often open to payment plans — but you’ve got to act early. We can help you set up a plan, or better yet, avoid needing one.
5. Talk to an Accountant (Yes, That’s Us)
You don’t need to figure this out alone. At Coastal Premier Accountancy, we work with sole traders, partnerships, and companies to take the stress out of compliance and help you run a better business.
Need help sorting out your ATO obligations?
Let’s chat. The earlier you get advice, the easier it is to stay ahead of the game.
📞 02 4393 3539
📧 coastalaccountancy.com.au/contact-us
