AWT Accountants

We’re proud to have a team that genuinely cares about supporting our clients, celebrating their wins, and helping them feel confident about their finances every step of the way.

As EOFY approaches, we’re here to make the process a little less stressful and a lot more manageable.

The 2026–27 Federal Budget introduces some major changes for Australian businesses, from permanent instant asset write-offs and expanded loss carry-back provisions to significant capital gains tax and trust reforms.

Understanding how these changes may impact your business, cash flow and future planning is more important than ever.

If you're unsure how these changes will affect you, get in touch with AWT Accountants today.

Running a business without understanding your financial statements is like driving without a dashboard. You’re moving, but you don’t really know how you’re performing.

In our latest blog, we break down the three key financial statements every business owner should be familiar with: your Profit & Loss, Balance Sheet, and Cash Flow statement. Each one plays a crucial role in helping you understand your performance, position, and cash health.

If you want to make more informed decisions and feel more in control of your business finances, this is a great place to start.

Read the full blog below 👇
https://awtaccountants.com.au/financial-statements-you-should-be-familiar-with/

Quarterly BAS heads-up: If you lodge quarterly, your Jan–Mar BAS is generally due 28th April.

To make it painless:

- reconcile bank accounts
- check GST coding on major expenses
- review payroll and PAYG withholding
- confirm any one-off transactions (asset purchases, insurance, repairs)

PAYG instalments play a critical role in managing your tax obligations throughout the year. However, relying on prior-year figures without review can result in cash flow inefficiencies or unexpected liabilities.

With changing business conditions, it’s important to regularly assess whether your instalments remain appropriate.

In our latest blog, we outline:
• When to review your PAYG instalments
• Circumstances where varying may be appropriate
• Key compliance considerations to avoid ATO interest and penalties
• Practical guidance to help you stay on track

A proactive approach can help ensure your tax position accurately reflects your current financial performance.

👉 Read the full article here: https://awtaccountants.com.au/payg-instalments/

Choosing between a sole trader and company structure isn’t just a formality, it can significantly impact your tax, risk, and future growth.

What works for one business may not work for another, which is why it’s important to consider your long-term goals, income expectations, and level of risk.

Making the right choice early can save you time, money, and stress down the track.

If you’re unsure which structure is right for you, we’re here to help.

“We’re making a profit… so why does cash still feel tight?”

If you’ve ever had that thought, you’re definitely not alone. It’s something we hear from business owners all the time.

The reality is, profit, cash, and taxable income are three very different numbers. They don’t move together, and they don’t tell the same story. That’s why things can feel confusing, even when your business is doing well.

We’ve put together a simple, practical article to help explain how each one works, with real examples to make it easier to understand.

https://awtaccountants.com.au/profit-vs-cash-vs-taxable-income/

If this is something you’ve been trying to make sense of, this is a great place to start.