Treasurer Jim Chalmers has handed down the 2026–27 Federal Budget, one of the most significant in years. With major changes to income tax, capital gains and small business rules, our team at Pointax has put together a summary of what this means for you. With tax season approaching, get in touch today and let us help.

If you’ve turned 67 and want to top up your super and claim a tax deduction for doing so, there’s one extra hurdle to clear: the work test. It’s a simple requirement, but it catches people out, so it’s worth understanding when it applies and how to meet it.

There was a recent case before the Federal Court which had to deal with the issue of when is an asset acquired for CGT purposes when an option is exercised to acquire it. Is it at the time the option agreement is entered into or is it when the option is exercised? And it is an important issue for the person who acquires the asset.

The capital gains tax (CGT) rules provide a lot of important concessions where a capital gain arises in unusual or unexpected circumstances. One such concession is the rollover where a CGT asset (or part of one) is lost or accidentally destroyed.

Following a government media release on the same day, the ATO on 1 April 2026 announced that eligible taxpayers who are experiencing difficulties in paying their tax debts due to recent high fuel prices can apply to the ATO for a temporary fuel response payment plan.

Three recent Administrative Review Tribunal (ART) decisions on claims for car expenses have shone a light on what the law requires in relation to car logbooks.

Forced to sell assets to survive? A recent Tribunal decision shows that capital gains tax still applies, even when sales are driven by financial hardship, making it essential to understand your position before acting.

From 1 July 2026, the amount you can contribute to super will increase, creating new opportunities to boost your retirement savings. The annual concessional contribution cap will rise from $30,000 to $32,500. These are contributions made from pre-tax money, such as employer contributions, salary sacrifice and personal deductible contributions.

Granny flats are becoming more of a common feature of the urban environment. No doubt this is due to the ongoing and unremitting nature of the housing affordability crisis, and the relaxing of regulations about where and how they can be built. However, if you are thinking of constructing one, or already have one in place, you need to be aware of all the tax implications, and they can be very significant.

From 1 July 2026, employers must pay super at the same time as wages, known as payday super. This replaces the current quarterly system. The ATO has released a checklist to help businesses prepare. Here is a straightforward guide outlining what small businesses should be doing now to get ready.

There’s been a lot of talk about changes to super, and one of the biggest updates is now official. The government has passed the Division 296 tax, which will start from 1 July 2026. While it mainly affects people with large super balances, it’s still important to understand what’s changing and why.

Big changes are coming to the Commonwealth Seniors Health Card from 20 March 2026, and a rise in deeming rates could tip some self funded retirees over the income limits even if their investments are not earning more. If you are close to the thresholds, a small technical adjustment could mean losing valuable health concessions, making now the time to check where you stand.