Payne Advisory Group

July is here, and with it comes the start of a new financial year! 🎉

Make sure you mark your calendars with the key financial dates and lodgement deadlines coming up this month. Staying on top of your obligations helps keep your business compliant and avoid unnecessary penalties. 📅⏰📣

📊 Business Owners – Big Tax & Structure Changes Are Coming

The 2026–27 Federal Budget has proposed a mix of opportunities and challenges for Australian businesses.

✅ $20K instant asset write-off made permanent
✅ Loss carry-back tax refunds returning
✅ Reduced compliance burden for SMEs

But there are also significant proposed changes ahead:

⚠️ 30% minimum tax on discretionary trusts from 1 July 2028
⚠️ Changes to the 50% CGT discount from 1 July 2027

Importantly, the Government has proposed temporary rollover relief to help businesses restructure out of discretionary trusts without immediate tax consequences.

The next 12–24 months may be critical for reviewing business structures, succession plans and tax strategies.

📩 Reach out if you'd like to discuss what these proposed changes could mean for your business.