Budget 2025-26 for Businesses: Tax Changes and Cost-Saving Opportunities

The 2025–26 Federal Budget has landed—and with it, a series of changes that business owners across Australia need to understand. From tax adjustments to tariff extensions and increased compliance measures, there’s plenty to unpack.

Whether you're a startup, a growing enterprise, or an established company, this year’s budget presents both challenges and opportunities. Here’s a breakdown of the most critical updates—and how you can prepare to make the most of them.

💼 Key Tax Changes for Businesses

The Federal Government has introduced several targeted tax adjustments aimed at strengthening the economy while ensuring fairness and fiscal sustainability.

✅ Instant Asset Write-Off Extended

Small businesses with an annual turnover under $10 million can continue to instantly write off assets costing less than $20,000 until 30 June 2026. This initiative aims to boost investment and cash flow for eligible businesses.

What this means for you:

Now’s the time to consider upgrading essential equipment or tools—especially if they support growth or operational efficiency.

💡 Changes to Business Tax Deductions

While some deductions remain intact, others have become more targeted. It’s essential to ensure your business structure and expense tracking systems are aligned with updated rules, particularly if you operate across multiple industries or income streams.

🌏 Tariff Reductions and Trade Benefits

The Budget confirms continued tariff reductions for key imports—especially on manufacturing components, machinery, and technology. This is designed to help businesses reduce operational costs and become more competitive globally.

How this helps:

If you rely on imported goods or materials, you could benefit from lower procurement costs. Review your supply chain to identify where savings may be passed on to your business.

🛡️ Compliance and Enforcement: A Stronger ATO Presence

The Budget also commits over $1 billion to enhance ATO compliance programs. The Government is cracking down on:

• GST fraud

• Unreported income from digital platforms

• Unpaid superannuation

• Tax avoidance schemes

What you should do:

Now more than ever, businesses must ensure they’re fully compliant. Failing to meet ATO obligations could result in heavy penalties or audits. It’s crucial to:

• Keep accurate records

• Lodge BAS and tax returns on time

• Ensure payroll, super, and contractor payments are up to date

💰 Cost-Saving Opportunities Hidden in the Budget

While much of the focus has been on taxation, there are additional opportunities for businesses to cut costs:

• Energy efficiency grants for small businesses

• Funding for digital upskilling programs

• Incentives for apprenticeships and regional expansion

These programs can offer real savings—but they often go unclaimed due to a lack of awareness or eligibility misunderstandings.

📊 Make the Budget Work for Your Business

The 2025–26 Budget shows a clear direction: invest in productivity, stay compliant, and prepare for a more digitised and regulated future.

At Worldwide Advisory, our goal is to help you navigate these changes confidently. Whether you're looking to take advantage of tax offsets, reduce compliance risk, or optimise your financial strategy—we're here to guide you.

📞 Need Help Making Sense of It All?

Call us on +617 3180 1684 or email contact@worldwideadvisory.au to schedule a consultation. Let us help you make the most of the new budget—and turn compliance into a strategic advantage.