Doyen Chartered Accountants

Big Win for Australian Small Businesses!
The Treasury Laws Amendment (Tax Reform No. 2) Act 2026 is now law, delivering two major tax benefits for businesses across Australia

- Loss Carry-Back Tax Offset Eligible companies with annual global turnover under $1 billion can now carry back current-year tax losses and offset them against tax paid in the previous two income years, improving cash flow during challenging periods.

- Permanent $20,000 Instant Asset Write-Off Small businesses with turnover under $10 million can continue to immediately deduct eligible business assets costing less than $20,000, providing certainty and encouraging investment.

These measures are designed to support business growth, boost investment, and strengthen financial resilience for Australian businesses.

Taxable payments annual report (TPAR) Lodgement Due Soon

Have you paid contractors during the financial year?

The Taxable Payments Annual Report (TPAR) is due for lodgement with the ATO by 28 August. Businesses in industries such as building and construction, cleaning, courier services, IT, security, and road freight may be required to lodge a TPAR.

✅ Review contractor payments
✅ Confirm reporting requirements
✅ Lodge on time and avoid penalties

If you're unsure whether TPAR applies to your business, we're here to help.

📞 Contact Doyen Chartered Accountants today for professional assistance with your TPAR lodgement.

Getting ready to lodge your tax return?

Having the right documents ready can make your tax appointment smoother, faster and more accurate.

Before you meet with your tax agent, organise key records such as:

✅ Income statements
✅ Bank interest and dividend statements
✅ Private health insurance details
✅ Receipts for work-related expenses
✅ Car logbook or kilometre records
✅ Work-from-home, phone and internet records
✅ Rental property and investment records
✅ ATO letters or notices

If you’re unsure whether something is claimable, bring the record anyway. Your tax agent can help review it and advise what applies to your situation.

Need help with your tax return?
Contact Doyen Chartered Accountants.

🌐 www.doyenca.com.au
📞 +61 2 7813 7881

General information only. Speak with a registered tax agent for advice specific to your circumstances.

Studying while working? Your course costs may be tax deductible — but only if your study is directly connected to your current job.

You may be able to claim self-education expenses if your study:

✅ Maintains or improves skills used in your current role
✅ Is likely to increase income from your current role

You generally can’t claim if the study is for a completely new career or profession, or if you’re not currently working in that field.

Eligible expenses may include course fees, textbooks, study materials, internet, phone, data, equipment decline in value, repairs, and travel to classes or seminars.

Keep receipts, use the ATO self-education expenses calculator, and only claim the work-related portion.

Need help checking your deductions before lodging your return?
Contact Doyen Chartered Accountants.

🌐 www.doyenca.com.au
📞 +61 2 7813 7881

General information only. Speak with a registered tax agent for advice specific to your situation.

To claim a Medicare levy exemption, you’ll need a Medicare Entitlement Statement (MES) from Services Australia.

⏰Apply early, it can take up to 8 weeks to process!

With the exemption, you won’t need to pay the 2% Medicare levy.

At Doyen Chartered Accountants, integrity isn’t optional — it’s the standard.

Every client relationship is built on trust, transparency and professional responsibility. As accountants, registered tax agents and Chartered Accountants, we are guided by the ethical and professional obligations of our profession.

We believe integrity, accountability and trust are not just words — they are the foundation of the service we provide to our clients.

That’s the Doyen difference.

📞 Connect with a team you can trust.
🌐 www.doyenca.com.au
📱 +61 2 7813 7881

👓 Let’s help make this crystal clear!

Everyday prescription glasses are a private expense and aren’t tax deductible.

It's not about WHERE you wear them. It's about WHY you need them.

Prescription glasses help correct your vision, so they're considered a private expense rather than a work expense.

But, if you work outdoors and require protective sunglasses with a prescription, you may be able to claim a deduction 👇

Running a small business is hard enough — your accounting shouldn’t make it harder.

From BAS and GST to payroll, bookkeeping, tax returns and ATO compliance, staying on top of your numbers can take time away from actually running your business.

At Doyen Chartered Accountants, we help Australian small businesses stay compliant, organised and ready for growth.

✅ Bookkeeping
✅ BAS & GST
✅ Payroll & Super
✅ Tax Returns
✅ ATO Compliance
✅ Business Advice

You run your business.
We’ll handle the numbers.

📞 Contact Doyen Chartered Accountants today and let us take the stress out of accounting.

🚨 Crypto Tax Alert – ATO Update
Crypto holders! The ATO is data-matching with exchanges and flagging incomplete reporting.

Remember: crypto is a CGT asset (not currency).

Swaps, staking rewards, airdrops & more are all taxable. Keep full AUD records for every transaction!

Read the official ATO guidance here:

👉 https://www.ato.gov.au/individuals-and-families/investments-and-assets/crypto-asset-investments

Need help with your crypto tax? Message Doyen Chartered Accountants today.

That’s right!

👉 Crypto leaves a digital trail – especially when it connects with the real world, like using exchanges.

👉 Exchanges share information through data-matching, so activity can be traced.

And when you sell or dispose of crypto, a capital gains tax (CGT) event happens. This means you may need to report a capital gain or loss in your tax return.

Did you know laundry costs may be claimable on your tax return? 🧺

If you wear a proper uniform, protective clothing, or occupation-specific gear for work, you may be able to claim the cost of washing it.

But here’s the part many people miss: everyday clothing does not count — even if your employer requires you to wear it. Black pants, plain shirts, office suits, and general workwear usually won’t qualify unless they are part of a distinctive uniform, protective clothing, or occupation-specific clothing.

A few key things to remember:

✅ Claims of $150 or less may not need receipts
✅ You can use the cents-per-load method
✅ A simple 4-week laundry diary can help support your claim
❌ Everyday clothes generally are not deductible
❌ If total work-related expenses exceed $300, written evidence may be required

Small claims can add up, but they still need to be correct.

Need help checking your deductions before lodging your return?
Contact Doyen Chartered Accountants.

Disclaimer: This is general information only and not financial advice. Check the ATO website or speak with your tax agent for advice specific to your situation.