#Hornsby Accountant #Hornsby Tax #Hornsby Business

The Australian Taxation Office (ATO) is warning businesses to be vigilant about fraudulent tax schemes involving "barter credits" that promise unusually large tax deductions.

Australian small business productivity has risen for a second consecutive quarter, reaching its highest level since 2022, according to new data from Xero Small Business Insights.

Australia’s 2026 Federal Budget, handed down on 12 May by Treasurer Jim Chalmers, focused heavily on reform, productivity and easing cost pressures. While much of the political attention centred on tax and housing changes, several measures may directly affect small businesses and their owners.

 For small business owners, the key question is simple: what changes could affect cash flow, investment decisions and future planning?

 Here are the major takeaways.