24/06/2026
⚠️ Business owners: Are you accidentally creating a tax bill on money you haven’t even been paid yet?
Many Australian professionals think income only becomes taxable when it hits their bank account.
Not always.
If you’re using accrual accounting, the ATO may treat income as earned the moment you issue the invoice even if your client hasn’t paid you yet.
This catches consultants, doctors, lawyers, and service-based businesses every EOFY.
Watch this video before June 30. It could save you from a nasty tax surprise and help you plan your cash flow properly.
Need clarity on where your business stands? Send me a DM with the word “EOFY” and let’s talk.
Follow Karuna | Tax Strategist | Australia