Forward Accounting

Forward Accounting A boutique accountancy firm specialising in small business sector. We specialise in crypto accounting,tax planning, structuring advice i.e.

company, trust, SMSF. Other services include bookkeeping services, payroll,ATO audits,preparation of tax returns.

28/08/2026

New month, new ATO changes 📋

September is bringing real updates that affect your car deductions, PAYG instalments, instant asset write-offs and super.
whether you’re a tradie, run a small business or just want to stay ahead of tax season.

Save this post so you don’t miss a deadline this month 📌

Follow Karuna | Tax Strategist | Australia for monthly tax updates.

📞 0452 645 371 | Forward Accounting

26/08/2026

CONTRACTORS : THIS ATO UPDATE IS WORTH KNOWING

ATO has introduced new pre fill information for contractor payments.

But what does that actually mean in simple terms? 👇

🔹 What is changing?

The ATO can now show certain contractor payment information in your tax return through its pre fill data.

This includes payments reported to the ATO through TPAR (Taxable Payments Annual Report).

🔹 What is TPAR?

Some businesses in industries such as building & construction, courier and road freight are required to report payments they make to contractors.

The ATO can use this information to help pre fill tax returns.

🔹 Does pre fill mean it is automatically correct?

❌ No.

You should still check the information against your own invoices, bank records and business records before lodging your tax return.

🔹 Why should you care?

If the information reported to the ATO doesn’t match your records, you want to identify the difference before you lodge not after.

📌 SAVE THIS POST FOR TAX TIME REFERENCE

And if you’re unsure whether TPAR or contractor reporting applies to your business, speak with your accountant before lodging.

👉 FOLLOW Karuna | Tax Strategist | Australia for simple Australian tax & business updates without the complicated jargon.

20/08/2026

Tradies stop thinking only about tools, when it comes to business expenses🛠️📲

The right software can help you quote faster, track jobs, manage invoices, monitor cash flow and keep better business records and that can make a real difference to how efficiently you run your business.

In this reel, there are some of the best software options for Australian tradies to consider for different parts of your business.

📌 SAVE this reel you’ll want this list when you’re reviewing your systems or choosing your next business software.

And remember a software subscription isn’t automatically tax deductible just because you use it for business. The tax treatment depends on how and why it’s used.

👉 FOLLOW Karuna | Tax Strategist | Australia for simple Australian tax & business updates without the complicated jargon.

19/08/2026

Share this post to a Tradie, physician, cafe owner and crypto investor.
DM your Business & I will send you link to book free tax consultation.

Follow Karuna | Tax Strategist | Australia

14/08/2026

Australian Crypto Investors: Save This Before Tax Time

The ATO looks at more than just money going into your bank account. Your records and how you use crypto can affect its tax treatment.

1️⃣ Keep complete records
Keep records of purchases, sales, swaps, transfers, gifts, airdrops and staking rewards. Export your transaction history regularly.

2️⃣ Record the AUD value
Crypto transactions need to be valued in Australian dollars (AUD). Keep the transaction date and AUD value with your records.

3️⃣ Crypto to crypto swaps can matter for CGT
Swapping one crypto asset for another can be a disposal for CGT purposes, even if you didn’t receive Australian dollars.

4️⃣ Staking rewards can be income
The ATO says established tokens received as staking rewards are included as income. Record the date received and AUD value.

5️⃣ Investment crypto isn’t automatically “personal use”
Crypto held mainly as an investment, in a profit making scheme or in a business is generally not treated as a personal use asset.

6️⃣ Keep supporting records
Don’t rely only on your exchange account. Keep receipts, exchange records, wallet information, transaction dates and AUD values.

⚠️ The ATO also warns that cybercriminals are targeting crypto investors.

📌 Save this before your next Australian tax return.
Follow for crypto informations

General information only. Tax treatment depends on your circumstances.

#

11/08/2026

🇦🇺 Australian business owners, don’t buy equipment just for a tax deduction.

$20,000 instant asset write off is now permanent for eligible small businesses but a deduction doesn’t mean you get the money back.

Before you buy, ask:

✅ Do I actually need the asset?
✅ Is it eligible for the write off?
✅ What will it cost me after the tax benefit?
✅ Can my cash flow comfortably handle the purchase?
✅ Would I buy it even without the tax deduction?

💡 Tax strategist tip: Make the business decision first. Then look at the tax benefit.

📌 SAVE this checklist before your next equipment purchase.

06/08/2026

🚨 ATO audit? Save this before you need it.

Most audits don’t start with a surprise visit they start with a letter.

Your ATO Audit Checklist ✅
• Keep receipts & tax invoices
• Save bank statements
• Maintain vehicle logbooks
• Separate business & personal expenses
• Reconcile your accounts monthly
• Keep GST & payroll records up to date
• Store everything digitally for easy access

📌 Good records don’t just make audits easier they can save you from extra tax, interest and penalties.

Follow Karuna | Tax Strategist | Australia for Tax updates and strategies to save more on tax.

💾 Save this checklist so you’re prepared before the ATO ever asks.

05/08/2026

Think Super is only about retirement? Think again

Most Australians are missing some of the biggest benefits of super because they believe outdated myths.

Myth or Fact? 👇
What’s one thing you’ve heard about super that you’re not sure is true?

Drop it in the comments and I’ll tell you whether it’s a myth or a fact👇

The more you understand your superannuation, the better your chances of building long term wealth while making smarter tax decisions.

📤 Share it with someone who still thinks super is “just retirement money”

31/07/2026

🇦🇺 Aussies, don’t miss monthly important tax updates.

August brings important tax reminders that could help you avoid delays, protect your refund and make sure you don’t miss deductions you’re entitled to.

Whether you’re an employee, tradie, investor, or business owner, taking a few minutes to review these updates could save you time and money.

💰 Before you lodge:
✅ Check your income has been reported correctly.
✅ Review every deduction you’re claiming.
✅ Keep invoices and records ready.
✅ Don’t rush your tax return if your information isn’t complete.

Thousands of Australians miss legitimate deductions or delay their refunds simply because they lodge too early or forget key records.

Follow Karuna | Tax Strategist | Australia for monthly important tax updates in advance.
📤 Share it with someone who hasn’t lodged their tax return yet.
💬 Comment “CHECKLIST” if you’d like more monthly Australian tax updates.

28/07/2026

Most Business owners pay for client dinners… but forget this ONE important step.
A meal alone doesn’t make it a write off your documentation matters.

Address

14 Messina Street, Fraser Rise
Melbourne, VIC
3336

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+61452645371

Website

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