March 2026

As we move into March, the focus shifts away from general compliance and more toward how businesses are actually tracking for the year. At this stage, the ATO isn’t introducing new rules — but issues around tax, cash flow and reporting are becoming more visible.

Small Business Insights:

• Profit vs cash flow

  Many businesses are showing a profit on paper but don’t have the cash set aside to cover upcoming tax liabilities. This is often due to GST, PAYG and drawings not being factored in throughout the year.

  
  

• ATO balances building up

  BAS and PAYG liabilities are starting to accumulate for some businesses. While it may not feel urgent yet, these balances can quickly become an issue once the ATO begins follow-up action.

  
  

• Super not planned for

  Superannuation is often being paid late or without proper planning. Missing due dates can lead to additional costs and loss of tax deductions.

  
  

Individual Insights

• Investment and rental income

  With interest rates and rental markets still shifting, many individuals are seeing changes in their overall tax position. It’s important to keep track of income and related expenses as the year progresses.

  
  

• Unexpected tax outcomes

  Where additional income streams exist (such as investments or side income), individuals may not be accounting for the tax impact early enough in the year.

  
  

What to Focus on Now

March is one of the opportunities to take control before year-end pressure builds. We recommend:

• Reviewing your current profit position and expected tax outcome

• Setting aside funds for GST, PAYG and income tax

• Ensuring superannuation obligations are up to date

• Addressing any ATO balances early before they escalate

  
  

If you’re unsure where you stand or want to get ahead before June, Apex Tax Advisory can assist with reviewing your position and identifying any issues early.