Company Tax

Company Tax Return vs BAS vs IAS: What’s the Difference and When Each Is Due 

If you run a business in Australia, understanding your taxation obligations is essential — not just for compliance, but to avoid costly penalties and maintain healthy cash flow. Among the most important tax lodgements to know are the company tax return, Business Activity Statement (BAS), and Instalment Activity Statement (IAS). Although all three are about paying tax, they serve very different purposes, apply to different… Continue reading Company Tax Return vs BAS vs IAS: What’s the Difference and When Each Is Due 

Business News – November 2025 

TaxWise  Small business instant asset write-off  A Bill before Parliament will extend the $20,000 instant asset write-off for another year until 30 June 2026. The instant asset write-off is available to a small business (annual aggregated turnover under $10 million) that uses the simplified depreciation rules.  This means that if your business qualifies for the… Continue reading Business News – November 2025 

Business News – October 2025

TaxWise  What’s New  Income tax thresholds/amounts  Some income tax thresholds and amounts changed on 1 July 2025, while others did not. Some of the more common threshold’s amounts are listed below.   * ATI = adjustable taxable income  GDP adjustment for 2025–26  The GST and PAYG instalment amounts are usually adjusted every year by the ‘GDP adjustment factor’.   For… Continue reading Business News – October 2025