04/06/2026
💡 The instant asset write-off is now permanent — so if you've been holding off on buying new tools, equipment, or vehicles waiting for certainty, you've got it.
But don't assume every purchase automatically qualifies. The $20,000 instant asset write-off still comes with rules around eligibility, timing, and the per-asset threshold.
Getting it wrong can lead to headaches you don't need later.
That's where we come in.
At The Financial Foreman, we don't just lodge tax returns — we help tradies manage cash flow, build smart tax strategies, price jobs properly, and make better business decisions that lead to more profit and less stress. Before you claim that new asset, we'll make sure it's done right so you get the deduction without an ATO comeback. 🔧📊
Comment READY below if you'd like help making sure your business is claiming everything it's entitled to.
01/06/2026
💰 FAQ SERIES: The Questions Tradies Ask Us Most
One of the most common questions we get from tradies going out on their own — and it's one that catches a lot of people off guard.
❓ I'm a sole trader — what income tax rate do I pay?
You're taxed on your net profit at individual income tax rates. No flat rate — the more you earn, the higher the bracket. It's not a set-and-forget number.
Here's the thing most tradies don't realise — as a sole trader, there's no employer withholding tax for you. That means no one's putting money aside on your behalf. If you're not planning for it yourself, tax time can hit like a sledgehammer. 🔨
That's exactly why we help tradies get ahead of it — know your numbers, set aside the right amount, and never get caught short at tax time.
Comment READY below and we'll reach out to walk you through where you stand.
28/05/2026
We built free tools specifically for Adelaide tradies — because your numbers should be easy to understand, not something you dread looking at. 🔨
Three tools, built for the way tradies actually work.
The Material Markup to Gross Profit Calculator shows you if you're actually making money on your jobs.
The Business Improvement Calculator finds where your business is leaking cash.
And the Scenario Planner lets you see what happens to your bottom line before you make a big decision.
They're completely free and live right now at thefinancialforeman.com.au. If you've ever finished a big job and wondered where all the money went, start there.
And if you want someone to walk through the numbers with you, we're here for that too.
Comment "READY" below and we'll help you make sense of it all. 👇
25/05/2026
If you're a sole trader, the Capital Gains Tax changes are worth paying attention to — especially if you've been building your business for years. 🔨
Here's the thing most tradies don't realise.
When you eventually sell your business — the client list, the phone number, the reputation you've spent a decade building — that's a capital gain. The ATO calls it goodwill. And goodwill gets taxed.
Right now, if you've held your business for more than 12 months, you get a 50% CGT discount on that gain.
So if you built something worth $200,000 and your cost base is zero — because you didn't buy goodwill, you built it with your own hands — you're paying tax on $100,000.
The bloke who bought a business for $150k has something to offset against. You don't. You started from scratch, so the full value of what you've built is exposed. The proposed discount reduction means more of that gain is taxable — with nothing to cushion it.
The good news is there are small business CGT concessions that could reduce or wipe out that tax bill entirely — but only if your structure is set up right and you plan ahead.
Leave it until after the sale and those concessions are gone.
If you've been running your own show for a few years, your business is worth more than you think — and so is sorting the tax side of it now, not later.
Comment "READY" below and we'll show you where you stand before it costs you. 👇
28/05/2026
25/05/2026