04/09/2026
✅ Myth Busting Friday
MYTH: If my business made a loss, I don't need to lodge a tax return.
FACT: Many businesses still have lodgement obligations even when they make a loss.
Failing to lodge can lead to penalties and may cause issues with future tax matters.
👉 Read our latest blog: https://www.advisoryone.com.au/2026/08/31/do-i-need-to-lodge-a-tax-return-if-my-business-made-a-loss/
Many business owners assume that if their business didn’t make a profit, they don’t need to lodge a tax return. Unfortunately, that’s a common misconception. Why Lodgement Still Matters Tax returns do more than report profits. They also allow you to report: Business income Business expenses Ta...