M.Kay & Associates

If your earnings have changed, you could be paying more tax than you need to 💸

PAYG instalments are based on your expected income — so when your non-employment income goes up or down, it’s important to review them 🔍

Here’s what to know 👇

💡 PAYG instalments are regular tax payments made throughout the year based on your expected income
📉 If your income has dropped or your circumstances have changed, you may be able to vary your instalments
🗓 Q2 variation deadline: 28 February (submitted via the ATO)

If your income has decreased, chat with your accountant to see whether varying your PAYG instalments makes sense for you 🤝

Have a question? Drop it in the comments 💬 or send us a DM 📩

Misclassification can be costly for businesses.

If you are unsure whether a worker should be classified as an employee or an independent contractor, it’s important to seek clarity early—before payroll, tax, and compliance issues arise.

Understanding the key differences can help protect your business and avoid unnecessary risk.

You don’t have to manage these decisions alone.

Schedule a call with us to gain clarity and free up valuable time to focus on your business.

Not using your ABN anymore? The ATO may cancel it without much notice.

The ATO regularly reviews ABNs that appear inactive or unused. If there’s no activity reported, your ABN can be cancelled, which may cause issues with invoicing, payments and tax reporting.

If you still need your ABN, make sure it stays active by lodging required returns, updating your business details and keeping records current.

If you no longer need it, it’s important to close it properly rather than letting it sit unused.

Keep it current or close it properly.

Have questions? Send us a message.

Follow for more helpful tips to make running your business easier.

What successful business owners do every January isn’t complicated.

It’s intentional, because January sets the tone for the rest of the year.

What’s one thing you’re focusing on this January?

Drop it in the comments!

Drop your picks in the comments or tag a friend to see what they choose.

January key dates are here! Take a look at what’s coming up in January. It’s a busy month with important deadlines.

Follow for more reminders and tips to make running your business easier.

We provide ATO-focused tax and accounting services to help you meet your compliance obligations and stay in control with confidence 🧾📊

With our year-round tax compliance and proactive tax planning services, we help you manage obligations, reduce risk, and avoid penalties — not just at tax time, but throughout the year ✅

Whether you need assistance with catching up on overdue tax lodgements, resolving prior-year compliance issues, or ensuring your records meet ATO reporting requirements, our team can support you.

📞 Book a call to learn more.