January 2026

ATO Focus for the New Year

As businesses return from the holiday break, the ATO is closely monitoring late lodgements and unpaid obligations. January is a common month for reminder notices, so getting back on top of your compliance early can help avoid penalties and interest.

Key focus areas include:

• Late or missed BAS lodgements

• Unpaid superannuation contributions

• GST discrepancies identified through data-matching

• Unreported income, including side income and investments

Small Business Update

• December BAS lodgement

  Ensure all income, expenses, payroll and GST are accurately recorded. The ATO continues to compare BAS figures against bank and payment platform data.

• Superannuation obligations

  December quarter super is due by 28 January. Late payments may result in the Superannuation Guarantee Charge, which is not tax deductible.

• Cash flow & PAYG instalments

  January is a good time to review PAYG instalments and assess whether adjustments are needed based on current cash flow.

• Director responsibilities

  Directors remain personally liable for unpaid PAYG, GST and super. Early action is critical if your business is under pressure.

  
  

Individual Update

• Income reporting

  The ATO continues to expand data matching across shares, crypto, rental properties and gig economy income. Ensure all income sources are declared.

• Work-related deductions

  Deductions must be supported by appropriate records. Work-from-home and motor vehicle claims remain a focus area.

• Super planning

  If you’re considering additional super contributions before 30 June, early planning can help avoid exceeding contribution caps.

  
  

Looking Ahead

January is an ideal time to reset and plan for the year ahead. We recommend:

• Catching up on any outstanding lodgements

• Reviewing bookkeeping systems and processes

• Planning for upcoming tax and BAS payments

• Booking early tax planning sessions

  
  

Contact Apex Tax Advisory to review your records, ensure compliance, and receive expert planning advice to start 2026 with confidence. Get in touch today to get started.