Newsletter - May 2026
With EOFY around the corner, now's the time to start getting organised and see what you can do to maximise your return. We've rounded up some resources to help, as well as the key updates in the last month that matter for sole traders.
Article contents
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Here's what's inside our May edition:
2025-26 Tax Guide: Get the step-by-step guide to lodge your return, and an overview of what's changed for 2026.
New Status Page: See live updates on outages, maintenance, and system performance.
ICYMI: What's new in Rounded, see our KM tracker in action, and how to make a living as a creative in 2026.
Federal Budget highlights: What sole traders need to know.
๐กYour 2025-26 Tax Guide is Here
Lodging as a sole trader for the first time, or just need a quick refresher? Here's your step-by-step guide.
Whatโs inside?
Glossary of key terms and important dates
How to calculate your taxable income
What you can claim as a sole trader
GST, BAS, and PAYG explained
Checklist for filing your tax return
Just want to know what's changed this financial year?
See our summary of 2026 updates.
โ๏ธ Stay updated with our new Rounded Status Page
Weโve just launched a public status page so you can quickly see if there are any known issues, outages, or scheduled maintenance happening in real time.
โถ๏ธ Catch up on last month's sessions
May 2026 Founder Update and AMA
Founders Olly and Grant show off our latest updates and give a live demo of our new KM tracker.
๐ Watch replay
Multiple Income Streams for Creatives: What Works in Practice
We had a brilliant chat with artist, illustrator, and long-time Rounded user Jeff McCann about his approach to building a sustainable creative business.
Here's what one attendee had to say:
Thank you for sharing so generously. Itโs so helpful to hear both the practical and inner-world side of things. I really love your approach - the joy you seem to bring to experimenting and figuring things out is so energising
If you didn't catch this one, it's definitely worth checking out.
๐ฐ Federal Budget 2026 highlights
The Federal Budget was handed down on Tuesday and while there's always a lot of noise, a few key measures stand out for sole traders.
๐ Here's what you need to know
More helpful resources
From the Rounded team:
How to set up line item templates for quotes and invoices
How to add a text-only line or description to quotes and invoices
From the community:
Earn less than $70k? Check out the ATO's Tax Help program
Struggling with business finances? Get free, confidential advice from the Small Business Debt Helpline
Listen to the Content Byte: The systems freelancers need to succeed with Leticia Mooney
Creative Plus Business: What assessors look for in arts grant applications (and what most artists get wrong)
New to Rounded, or have questions?
Sign up for our weekly Intro to Rounded masterclass
Visit our Help Centre or reach out via in-app chat. You'll usually hear from a human in around 30 seconds.
Got any features you'd like to request, or want to see what's coming up next? Check out our roadmap.
Cover Photo by Kelly Sikkema on Unsplash
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Invoicing and accounting software for sole traders. Get paid faster and relax at tax time.