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Jenn Setier

Jenn Setier

  • Joined: November 13, 2025
  • Articles: 4

How to Avoid Common Tax Mistakes Small Businesses Make in Australia 

Tax can be one of the more complicated parts of running a small business in Australia. Business owners may be focused on customers, sales, employees, and day-to-day operations while tax obligations continue to accumulate in the background.

Many tax mistakes are not intentional. They can happen because of poor record keeping, mixing personal and business expenses, misunderstanding deductions, incorrect GST treatment, missed deadlines, or simply not setting enough money aside to meet tax obligations.

The Australian Taxation Office (ATO) has identified common problems among small businesses including bookkeeping errors, missing supporting documentation, incorrect apportionment of expenses and claims for non-deductible expenses. Good systems, accurate records, and professional advice can help businesses reduce these risks.
Understanding the most common mistakes can help Australian small business owners stay organised, improve cash flow and avoid unnecessary tax problems.

Australia’s October 1 Card Surcharge Ban Could Lead to Higher Consumer Prices 

From 1 October 2026, Australians will no longer face separate card payment surcharges when paying with major card networks including Visa, Mastercard and eftpos. American Express has also announced that it will remove surcharging from the same date.

The change is designed to make card payments simpler and more transparent. However, while consumers may no longer see a separate surcharge at the checkout, businesses will still incur costs when accepting electronic payments. Some businesses may therefore choose to incorporate these costs into their standard prices.

For Australian businesses, the change represents more than simply removing a surcharge from a payment terminal. Businesses may need to review pricing, payment processing costs, profit margins, payment systems and customer communications before the new rules take effect.

Australian Dollar Climbs to a Seven-Week High: What It Means for Australian Businesses, Homeowners, and Investors 

The Australian dollar has climbed to a seven-week high after major movements in global currency markets, driven largely by developments involving the Japanese yen and the US dollar. While exchange rate fluctuations may appear to affect only financial markets, they can have real consequences for Australian businesses, investors, importers, exporters, and even mortgage holders.

Currency markets respond quickly to changing expectations around interest rates, inflation, and central bank policies. As global economies continue adjusting to evolving monetary conditions, movements in the Australian dollar can influence everything from the price of imported goods to business profitability and consumer purchasing power.

Understanding why the Australian dollar has strengthened and what it could mean going forward can help businesses and individuals make more informed financial decisions in an increasingly interconnected global economy.