admin While much of the 2026 Federal Budget conversation has focused on trusts, negative gearing and CGT, there are several important measures specifically aimed at supporting small and medium businesses. Here’s what they mean for you. At The Taxation, we work alongside business owners every day — from sole traders and contractors to growing SMEs. Amidst … Read more
The 2026 Federal Budget has announced the biggest overhaul of capital gains tax in nearly 30 years. The 50% CGT discount is being replaced by a new inflation-based system with a 30% minimum tax — and the clock is already ticking. Whether you own shares, investment property, a business, or other assets, the changes coming … Read more
The Federal Budget has announced the abolition of negative gearing for established residential properties purchased after 12 May 2026. Here’s what it means for you, and what you should be doing right now. If you own an investment property, or have been thinking about buying one, the 2026 Federal Budget has delivered a major change … Read more
The Federal Government has announced a minimum 30% tax on discretionary trust distributions, effective 1 July 2028. If your business or family wealth is held in a trust, now is the time to act. At The Taxation, we work closely with business owners, investors, and family groups across Melbourne who rely on discretionary trusts as … Read more
At the TAXATION, we understand that doctors and other medical professionals often earn income directly from their personal services. While this is common in the healthcare industry, it raises important tax considerations—particularly around Personal Services Income (PSI). Knowing how PSI works and how to manage it can save you from unexpected tax issues and ensure … Read more
Running a childcare business from home can be a rewarding career, but it also comes with unique expenses. The good news is that many of these costs are tax-deductible. If you operate a family day care or home-based childcare service, the Australian Taxation Office (ATO) allows you to claim deductions for expenses directly related to … Read more
When it comes to selling property, Capital Gains Tax (CGT) is often one of the biggest considerations. The good news is that the Australian Tax Office (ATO) provides generous concessions for your main residence, and one of the most valuable is the 6-year rule. This rule can potentially save you thousands of dollars in tax … Read more
At the TAXATION , we aim to help clients make smarter financial decisions that balance debt management with wealth creation. One strategy that is gaining popularity in Australia is debt recycling. It can be a powerful way to reduce non-deductible debt (like your home loan) while building an investment portfolio. But how does it work, … Read more
As the financial year draws to a close, it’s crucial to ensure that you’re well-prepared for tax time. Whether you’re a business owner or an individual taxpayer, nobody wants to pay more tax than necessary. Here are detailed tips and advice to help you minimize your tax liability legally. Why Seek Professional Tax Planning Advice? … Read more
Prepay Expenses: Prepay expenses where possible to get a tax deduction in this financial year. Also, ensure you run the final payroll for this year before June 30th, subject to your pay cycle. Superannuation Contributions: Pay your employees’ superannuation for the June quarter before June 30th to claim a deduction for this financial year. Verify … Read more
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