Walker Hill

Five bookkeeping habits that could save you thousands. None of them are hard, and none of them take long. But most business owners are not doing them, and it costs them at tax time every single year.

Adam walks you through the five habits worth building now, so next EOFY is not a scramble.

*General advice only. Please consult a qualified professional for advice specific to your situation.

Quizzing Zach from HR. We’re talking BAS, GST, depreciation, accrual… You know, the stuff every business owner definitely knows off the top of their head. 🤥

How would you go? Drop your definitions in the comments.

It was worth a try. 💀

What’s the funniest thing you have seen someone try to claim?

A new $1,000 standard tax deduction is on the way.

It is not law yet, but if it passes, eligible individuals will be able to claim up to $1,000 in work-related expenses without needing to substantiate every receipt. Applies from 1 July 2026, meaning your 2026–27 tax return.

Nick breaks down who actually benefits, what stays the same if your expenses are already over $1,000, and what you can still claim on top.

General advice only. Please consult a qualified professional for advice specific to your situation.

A recent survey of 500 Aussie accountants and bookkeepers found that two thirds had seen clients lose money because of AI-generated tax advice. Overpaid tax, missed deductions, payroll mistakes, ATO penalties… The lot.

AI is genuinely useful. Just maybe not as your accountant.
Got a tax question you have been Googling at 11pm? Reach out to Walker Hill instead.

Self-employed or running a business? 🤔
A lot of people think they are the same thing. They are not, and the difference matters more than you would expect.
Nick breaks it down: what actually separates the two, how it changes your tax position, and why getting the structure right from the start can save you thousands down the track.
General advice only. Please consult a qualified professional for advice specific to your situation.