R&D and startups: refocused incentives (from July 2028)
2026 Federal Budget Proposal R&D incentive changes Focus narrowed to core experimental activities Supporting costs removed from eligibility Higher rebate
Individuals: simpler deductions and targeted cost-of-living relief
2026 Federal Budget Proposal What to know: $1,000 standard tax deduction: removes need to track minor work-related expenses. $250 annual tax offset: applies fr
Business measures: cash-flow support and reporting changes
2026 Federal Budget Proposal Highlights for business owners and finance teams: Loss carry-back reinstated: companies can offset current losses against prior years a
Discretionary trusts: 30% minimum tax from 1 July 2028
2026 Federal Budget Proposal Why it matters: The measure is designed to improve fairness in the tax system and help fund new tax cuts for workers. It reduces the benef
Negative gearing: restricted for established residential property
2026 Federal Budget Proposal Why it matters: For many investors, cash-flow losses on newly purchased established properties will no longer reduce salary or other incom
Capital Gains Tax (CGT): Discount replaced with inflation indexation
2026 Federal Budget Proposal Why it matters: The reform reduces the ability to achieve very low effective tax rates on capital gains and introduces valuation and reNovember 2025 Accounting Newsletter
1. The Race That Stops the Nation… But Not FBT Obligations As Melbourne Cup celebrations come to an end, it’s worth remembering that staff lunches, drinks, and soc
2025-26 Australian Federal Budget Overview
The 2025/26 Federal Budget prioritised cost-of-living relief, modest income tax cuts, support for small businesses, and reforms to superannuation and housing initiative
Important Updates to Superannuation Contributions: Key Changes Effective from 1 July 2024
The law changes in superannuation contributions will affect both employers and employees and where made effective from 1 July 2024. These changes, outlined by the Au