How forecasting can improve your business

Most small businesses set an annual budget to help control their financial position, but far fewer use forecasting as a decision-making tool, which can be a missed opportunity.

Effective forecasting can provide valuable insights into your future cash flow, profitability and funding needs, helping you make more confident business decisions.

Click here to find out more about forecasting. We have business advisory specialists who can help you develop forecasts for your business or to interpret your financial data.

Smart Tax & Super Planning BEFORE End of Year

Tax time is just around the corner, so now is the time to make sure you’re prepared for 30 June.

Each year, the ATO highlights its areas of focus. Click here and take a few minutes now to review these can help you avoid issues when lodging your return in the new financial year.

CGT discount - changes to apply from 1 July 2027

Individuals who hold an asset for more than 12 months often qualify for a 50% discount to reduce the taxable gain made on sale of the asset. A similar outcome can arise when a trust makes a capital gain and this is distributed to an individual beneficiary.

However, from 1 July 2027 the CGT discount will be replaced for individuals and trusts with: cost base indexation (inflation adjustment) and a 30% minimum tax on capital gains.

This change will apply across all CGT asset categories—including residential and commercial property, shares, business assets and even pre-CGT assets.

To see examples and understand the issues, click here

Negative gearing – changes to apply from 1 July 2027

The Government is planning to tighten up negative gearing on established residential properties. For properties purchased after 7:30pm AEST on 12 May 2026:

· Rental losses can only be offset against rental income or capital gains from other residential properties.

· Any remaining losses must be carried forward and applied only against future residential rental income or residential property capital gains.

To find out how these changes affect you contact us or click here for more detail 

Discretionary trusts – changes to apply from 1 July 2028

The introduction of a 30% minimum tax rate on the taxable income of discretionary trusts would represent a fundamental change to the way the tax system operates at the moment.

The Government is indicating that the 30% tax would initially be paid by the trustee, with beneficiaries (other than companies) receiving a non-refundable tax credit for the tax paid at the trust level.

This measure is aimed at curbing income splitting to lower-taxed family members and corporate beneficiaries (often known as bucket companies).

To see examples and understand issues click here

Tax Planning for Primary Producers

Primary production income can vary significantly from year to year due to seasonal conditions, commodity prices and the timing of sales. A targeted year-end review can help manage those fluctuations and ensure deductions are claimed in the right year.

As 30 June approaches, primary producers should review the timing of income, deductions and capital spending. With the right planning, it may be possible to smooth taxable income, improve cash flow and claim available concessions. 

Click here for a deep dive on key areas to consider.