May tends to bring a level of uncertainty for many business owners. And this year is no different.
Following last month’s focus on change, the conversation has now shifted to anticipation — particularly around the Federal Budget and what it may mean in practice.
We’ve had a number of clients reach out asking what’s coming. The reality is, without a confirmed announcement, there are no guarantees. However, there are early signals worth paying attention to.
One area expected to be impacted is Capital Gains Tax (CGT). While the specifics are still unclear, any changes are likely to take effect from 1 July 2026, which does create a window for forward planning.
For those considering the sale of assets — such as property or shares — timing becomes important. With property in particular, longer lead times can limit flexibility. It’s also worth remembering that for CGT purposes, the contract exchange date is treated as the sale date.
If you’re thinking about selling assets, or simply want clarity on your position, it’s worth having that conversation early.
We’ll also be sharing a detailed budget summary once the Federal Budget is released, outlining what matters most and what actions to consider.
What’s Happening Right Now
Tax Planning: Now Is The Time To Get Ahead
May and June are critical months for tax planning.
At its core, tax planning isn’t just about reducing tax payable. It’s about understanding your position early and making informed decisions before time runs out.
Recently, we’ve seen several new clients come to us after experiencing unexpected tax outcomes. In most cases, this comes down to a lack of forward visibility.
Over the coming weeks, we’ll be proactively reaching out to our business clients following the lodgement of March BAS statements to review positions and identify opportunities.
If you’re planning any financial decisions — whether that’s selling assets, making investments or restructuring — it’s worth discussing the implications beforehand. Often, small timing adjustments can make a meaningful difference.
Scam Alert: What To Watch Out For
We’ve been made aware of a number of scams currently circulating.
One involves letters sent via post requesting payment for ASIC annual company fees at inflated amounts. These are not legitimate.
Please remember: all ASIC-related communications and payment requests should come directly through our office.
We’re also continuing to see emails impersonating the ATO requesting urgent payment.
If anything appears unusual or unexpected, it’s always worth checking with us before making payment.
Looking Ahead: Cash Flow And Upcoming Changes
As businesses begin planning for the next financial year, we’re seeing many budgets being prepared for 2027.
One key area that continues to be overlooked is the impact of payday super.
This change will significantly affect cash flow, particularly during the transition period where existing quarterly obligations overlap with the new system.
Without planning, this can place unexpected pressure on cash flow.
If you’re currently preparing budgets or would like support in understanding how this impacts your business, we’re here to help.