What the 2026 Budget Means for Content Creators
If you make a living (or supplement one) on YouTube, TikTok, Instagram, Twitch, or any other content platform, here's what the 12 May 2026 Federal Budget actually changes for your tax bill. Two measures in the budget papers stand out, the permanent instant asset write-off (IAWO) and a new flat $1,000 deduction, alongside continued ATO compliance funding that keeps platform income in the spotlight. Everything else (the $75k GST threshold, working-from-home rates, sole-trader rules) is unchanged. We have a full breakdown of every deduction available to you in our tax deductions guide for content creators.
Read MoreSole Trader vs Company in Australia: Which Structure Is Right for You?
In short: For many freelancers starting out in Australia, a sole trader structure is the obvious choice because it is simpler and cheaper to run. A company gives limited liability and a flat 25% tax rate for base rate entities, but costs more in fees and compliance. It is worth considering when taxable business income is regularly above $135,000 and you don't need to withdraw all of it.
Read MoreABN Expense Tracker: Separating Business and Personal Spending
In short: If you earn income under an ABN in Australia, keep business and personal spending apart from day one, using a separate bank account, a dedicated expense tracker or both, and scan receipts immediately. For mixed-use costs such as your phone, car and home office, claim only the business-use portion on a reasonable, consistent basis, and keep records for five years, as the ATO requires.
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