A few federal changes have landed that are worth knowing about, whether you’re a sole trader in Pimpama or run a company out of Yatala. Here’s a quick rundown from the latest business.gov.au update.
Instant asset write-off is now permanent
- The $20,000 instant asset write-off is now a permanent feature for eligible small businesses
- Planning to buy business assets? Check how the write-off works and whether your purchase may be eligible first
Director ID reporting from 1 July 2027
- Companies will need to provide director IDs to ASIC through company reporting, including annual reviews and updates to director details
- Now’s a good time to check your company and director details are accurate and up to date
More time for ATO credit card payments
- The ATO will keep accepting credit card payments for tax obligations until 30 June 2027
- That gives you extra time to set up another payment method, and the ATO will consult on alternative options
Also worth a look
- October is Cyber Security Action Month, with practical steps from the Australian Signals Directorate to protect your systems
- With summer coming, review your energy use to cut waste and lower your costs
More info
- Instant asset write-off: ATO guide
- Director IDs: ASIC and ABRS
- Credit card payments: ATO announcement
- Cyber security: business.gov.au
Details from the business.gov.au newsletter, 14 October 2026, with links to the ATO, ASIC and ABRS.