Carlita Buchanan Tax and Accountancy Practice

Carlita Buchanan Tax and Accountancy Practice SMSF, Accountancy, Online Bookkeeping, BAS, Business Services and Pension Assessment Services . All types of Income Tax Return. Business start up.

We provide business services including Accountancy, Bookeeping Solutions, ELS Lodgements of all types of Income Tax Return and Business Activity Statement, SMSF Fund Administration, Strategy and Compliance. Assistance in setting up self managed super fund. Carlita Buchanan has a degree in Bachelor of Business Accountancy from Queensland University of Technology, a degree in Bachelor of Science in

Accountancy; a CPA; CTA; a Fellow of Tax Institute and a Fellow of Institute of Public Accountants. The practice provides range of business services to Small Business including including SMSF Superannuation Fund Administration and Management, prepares and electronically lodges All type of Income Tax Returns. We uses MYOB software and BankLink to receive data. The page is about sharing information to the public. The information content on this page is for general information only and readers must consult their own Accountant, Tax Adviser and Financial Planner prior to implementing any strategy.

01/07/2026
24/06/2026

On changes to CGT, it looks as though it will pass the Senate.

Original purchase cost will be indexed to arrive at Indexed Cost Base less Sale Price , the profit will then be taxed at minimum 30%.

Indexed Cost Base and Consumer Price Index (CPI)
CPI at the time of Sale/CPI at the time of Purchase =Indexation Factor
Purchase Cost x Indexation Factor = Indexed Cost Base
Gain on sale = Sale Less Indexed Cost
Tax= Gain is Taxed as an ordinary Income @ minimum 30%

19/05/2026

After the Budget night, there are changes on Capital Gains Tax.

The 2026 Federal Budget overhauled Australia's Capital Gains Tax (CGT) rules, replacing the flat 50% CGT discount with an inflation-adjusted cost base (indexation) and introducing a minimum 30% tax on net capital gains. These changes take effect from July 1, 2027
Key Changes Coming in 2027
• Inflation Indexation: Instead of a flat 50% discount, the purchase cost of an asset held for more than 12 months will be adjusted for inflation, ensuring only "real" gains are taxed.
• 30% Minimum Tax: Net capital gains will be taxed at your marginal tax rate, but with a minimum effective tax rate of 30%.
• Pre-1985 Assets: The permanent CGT exemption on assets acquired before September 20, 1985, will be removed for future gains.
Transitional Arrangements
• Grandfathering Existing Gains: The new rules only apply to capital gains arising after July 1, 2027. Gains accrued prior to this date will retain the 50% discount.
• New Residential Builds: Investors who buy or build new residential properties will be allowed to choose between the old 50% CGT discount and the new inflation indexation method

05/05/2026

How to pay
Super guarantee (SG) contributions are payments employers must make to their employees' complying funds or retirement savings accounts to avoid the SG charge.

Pay employee SG contributions electronically to either a:

complying super fund – a fund that meets specific requirements and obligations under super law
retirement savings account (RSA) – an account that provides a low cost and low risk savings strategy for retirement.
Report payments electronically through:

SuperStream
Single Touch Payroll.

03/04/2026

Happy Easter everyone. Safe travels

Address

47-49 Brisbane Street
Beaudesert, QLD
4285

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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