The Federal Budget has just been announced and, for self-employed Australians and small business owners, there are some meaningful changes worth knowing about.

Here are a few key points to consider:

• Buy equipment or assets now – and claim the full cost this year: The $20,000 instant asset write-off is now permanent for businesses with turnover up to $10 million. Eligible businesses can immediately deduct the cost of new or second-hand assets instead of depreciating them over time.

  
  

• Less paperwork at tax time: A new $1,000 instant tax deduction lets individuals and sole traders claim work-related expenses without the receipt hassle. There’s also a new $250 Working Australians Tax Offset (WATO) delivering tax relief from 1 July 2027. Together, they’re designed to cut paperwork and simplify tax time.

  
  

• More support if your business has had a tough year: From 1 July 2026, companies with annual global turnover of up to $1 billion will be able to apply tax losses for the previous two years. Startups and early-stage businesses will also get a new loss refundability measure from 1 July 2028, offering them extra support.

  
  

If you’re looking to invest in your business, whether it’s through new equipment, making the most of your business expenses or simply putting more time into helping clients, we can help you access Australia’s leading lenders and support your ambitions.

Get in touch today to explore how we can help your business grow even further.