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You made less. You still owe. Here’s why.
You worked hard. Earned less. And somehow still owe tax?
Yeah, it’s brutal—but here’s what might be going on:
You didn’t pay as you went.
No tax withheld? The ATO wants it now.You took money out of the business.
Doesn’t matter if it “stayed in the account.” If you used it, it’s income.You got caught in PAYG instalment hell.
Last year’s income set this year’s payments. But your income dropped. Surprise!The fix?
- Track your cash properly
- Put tax aside every week
- Use This Accounting Revolution
- — we’ll warn you before the ATO does
Stop guessing what you owe.