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Tax is usually one of the highest expenses of your business or personal income, yet many business owners and investors wait until after the end of the financial year to think about how much they have paid. The most effective tax outcomes are achieved before 30 June, when there is flexibility to act.
From 1 July 2026, Australia’s revised Division 296 tax will take effect, bringing in a new framework for taxing superannuation balances above key thresholds. While this measure will initially affect a relatively small group of Australians, it represents a material change in how tax concessions apply to high‑balance superannuation and warrants early consideration for those approaching the thresholds.
With global uncertainty, rising interest rates, market swings, artificial intelligence evolution and concerns about housing affordability, this year has brought many challenges. Coupled with the significant tax reforms anticipated in the upcoming federal budget, we believe it is time to bring together our clients and colleagues for a meaningful discussion over lunch. Please join us on Friday 15 May where you will hear the latest insights into the issues that matter most to your business and family wealth.
While the deadline has passed, the work hasn’t stopped. Taking the time now to confirm how non‑cash benefits were treated during the year helps reduce compliance risk, avoids errors at lodgement, and ensures you’re prepared if the ATO reviews your position.
Talk of changes to Australia’s Capital Gains Tax (CGT) discount has intensified, with government leaks and public commentary suggesting reform may feature in the upcoming Budget. Treasury modelling and political signals point toward a reassessment of the longstanding 50% discount, particularly for investment property owners.
In late 2025, the Australian Taxation Office (ATO) released draft guidance that represents a major shift in how the ATO approaches deductions for holiday homes. These changes significantly tighten the rules for owners who rent out their properties while also using them privately. With a transitional compliance approach ending on 30 June, it’s key to review your compliance risk now.
Small businesses have until 30 June 2026 to take advantage of the $20,000 Instant Asset Write-off (IAWO) — one of the simplest tax incentives available to support business growth.
From 1 July 2026, Australia’s superannuation system is changing to payday super — meaning employers will need to pay super at the same time as wages, instead of quarterly. The change aims to reduce unpaid super and help employees grow retirement savings faster.
We are excited to announce our first workshop in 2026 will be held at the stunning venue, Elements of Byron, Northern Rivers, NSW, on 12 February, for business owners and their finance teams.