Two Sides Accounting

31/05/2026

June key dates to keep on your radar 📅

As we head into the final month of the financial year, there are a couple of important deadlines to be aware of 👇

✅ 22 June
Lodge and pay your May activity statement

✅ 30 June
Last day of the financial year

This is the time of year to make sure everything is up to date, your bookkeeping is tidy, and you’ve reviewed anything that may impact your tax position before the year closes.

A little preparation now can make tax time a whole lot smoother 😅

If you’re not sure what you should be doing before 30 June, or you want help getting everything sorted, send us a DM or book a call. We’re always happy to help 💻💬

19/05/2026

😅 “It’s a business expense… right?”

We hear this all the time. And look, we get it, when you’re running a business, it’s easy to assume certain things should be deductible. But the ATO doesn’t quite see it that way.

There are a handful of expenses that business owners try to claim every year… that just don’t pass the test. And getting it wrong can mean adjustments, penalties, or awkward conversations later on 😬

If you want a general rule...

If it’s not directly related to earning your income, or it has a strong personal element, it’s probably not deductible.

💬 If you’re unsure about anything, it’s always better to check first.

Send us a DM and we’ll point you in the right direction 💙

17/05/2026

Last week we sent out our Federal Budget tax summary to our mailing list, breaking down the key changes and what they actually mean for business owners and individuals.

We know budget announcements can feel like a lot of noise, so we’ve pulled out the bits that matter most when it comes to tax, cash flow and planning ahead.

Over the coming weeks, we’ll also be running a webinar to walk through everything in more detail, answer questions, and chat about the practical side of what these changes could mean for you.

If you’d like to join us and aren’t on our mailing list you can sign up here - http://bit.ly/4tDdeU0

Australia’s 2026 Federal Budget explained. Discover the key tax changes, small business updates, property reforms, cost of living measures and what they mean for Australians.

12/05/2026

👀 6 things that make the ATO pay attention… and not in a good way.

No one wants extra attention from the ATO 😅 But the reality is, certain patterns and behaviours can put your business on their radar pretty quickly.

Here are some of the big ones we see 👇

🚩 Late BAS lodgments - Consistently lodging late can signal poor compliance habits.
🚩 Missing or late super payments - This is a big one, and penalties can add up fast.
🚩 Director loan accounts not managed properly - Mixing personal and business money without structure can trigger issues.
🚩 Heavy cash payments - Especially when income doesn’t seem to match business activity.
🚩 Inconsistent reporting > f your numbers don’t stack up across BAS, payroll, and tax returns… it raises questions.
🚩 Payroll errors > incorrect wages, super, or STP reporting can lead to compliance risks.

The good news is most of these are completely avoidable with the right systems and support in place.

Staying on top of your numbers, keeping things clean and consistent, and getting advice early makes a huge difference.

If you’re not 100% confident everything is set up correctly, send us a DM. Better to check now than deal with it later 💻💬

05/05/2026

💭 Ever wondered what your accountant is actually doing behind the scenes?
Because it’s definitely not just lodging your tax return once a year 😅

A good accountant is quietly working in the background to keep your business running smoothly, spotting risks early, and helping you make better financial decisions before problems arise.

Here’s the part most people don’t see 👇

It’s the checking, reviewing, planning, and guiding that happens all year round, not just at tax time, that makes the biggest difference.

✨ When you’ve got the right support, you’re not just staying compliant… you’re building a stronger, more predictable business.

If you’re only hearing from your accountant once a year, it might be time for a different approach 💙

30/04/2026

May key dates to keep on your radar 📅

A few important deadlines coming up this month, so now’s a good time to make sure everything is on track 👇

✅ 15 May
Final date to lodge your tax return if you weren’t required to lodge earlier

✅ 21 May
Lodge and pay your April activity statement

✅ 25 May
Lodge and pay your Q2 activity statement

May can sneak up quickly, especially with multiple deadlines close together, so getting organised early can save you from the last minute scramble 😅

If you’re unsure what applies to your business, or you need help getting everything lodged correctly, send us a DM or book a call. We’re always happy to help 💻💬

24/04/2026

Today is a moment to pause and reflect.

Across Australia and New Zealand, people come together to honour the service, sacrifice, and courage of the men and women who have served our country. It’s a day that reminds us of the values the ANZACs stood for, courage, mateship, resilience, and looking out for one another.

At Two Sides Accounting, we’re taking a moment today to acknowledge and remember those who served, and the sacrifices made for the freedoms we enjoy today.

Lest we forget 🌺

14/04/2026

😅 Be honest… when was the last time you actually checked your Xero file properly?

Not just sending invoices or reconciling here and there… but really looking at whether your numbers are accurate and reliable. Because here’s what we see all the time 👇

Small issues quietly building in the background… until suddenly your reports don’t make sense, your BAS feels off, or your accountant starts asking questions 😬

If your Xero file isn’t clean, your numbers aren’t telling you the truth. And that makes running your business a whole lot harder than it needs to be.

The good news? Most of these issues are fixable… you just need to catch them early.

If anything in this post feels a little too familiar, it might be time for a clean up or a proper review.

👉 We’ve created a Xero Self Health Check to help you spot issues early and feel confident in your numbers.

Grab it via the link - https://www.twosides.com.au/product-page/xero-self-health-check

07/04/2026

If you haven’t lodged your 2026 tax return yet, now is the time to get your information together and sent through.

This deadline applies to clients who were eligible for the extended lodgement period through their tax agent. Once 15 May passes, the ATO expects those returns to be finalised.

If you’re still gathering documents or haven’t sent your information through yet, the best thing you can do is get it to us as soon as possible so we can prepare and lodge it in time.

Leaving it until the last minute can create unnecessary stress for everyone involved, and we’d much rather help you get it sorted smoothly and on time 😊

If you’re unsure what documents we need, or you’re not sure where your return is up to, send us a quick message and we’ll point you in the right direction 💻📩

04/04/2026

🐣🌸 Happy Easter from the Two Sides team! 🌸🐣

We hope you’re all enjoying a well deserved break, a little extra time with family and friends, and maybe a few too many chocolate eggs along the way. 🍫😅

Running a business can be full on, so long weekends like this are the perfect reminder to slow down for a moment, step away from the emails and spreadsheets, and recharge.

Wishing our wonderful community a relaxing, happy Easter and we’ll be back ready to tackle the numbers with you soon 💙