Wistax

Wistax WISTAX, as your local accountant we will come to you and help you with the business accounting issues

Australia’s property rules may be changing again 🏡📊💰And many investors are asking:Will negative gearing still apply?Shou...
13/05/2026

Australia’s property rules may be changing again 🏡📊💰

And many investors are asking:
Will negative gearing still apply?
Should I focus on new builds?
How could capital gains tax changes affect future profits?

Our latest Wistax blog explains what the proposed negative gearing changes in Australia could mean for property investors in 2026 and beyond.

Inside the guide:
✔️ How existing investors may keep their current tax benefits
✔️ Why future purchases may favour newly built properties
✔️ How CGT changes could impact long-term exit strategies
✔️ Why infrastructure spending may influence property growth
✔️ What investors should be doing now to prepare
✔️ How to review your structure, cash flow, and tax strategy

💡 Successful property investing has never been just about tax deductions.
It’s about building a sustainable strategy that can adapt as rules change.

Whether you’re:
🏡 Buying your first investment property
🏡 Growing a property portfolio
🏡 Reviewing your ownership structure
🏡 Or planning your long-term wealth strategy

Understanding the numbers before you act can make a significant difference over the next decade.

👉 Read the full guide and understand how the proposed negative gearing changes could affect your property investment strategy in 2026.

“What actually is an ACN number in Australia… and do I even need one?”Our latest Wistax blog breaks it down in plain Eng...
08/05/2026

“What actually is an ACN number in Australia… and do I even need one?”

Our latest Wistax blog breaks it down in plain English for tradies, contractors, and growing businesses.

Inside the guide:
✔️ The difference between an ACN and ABN
✔️ Whether sole traders actually need an ACN
✔️ When moving to a Pty Ltd company makes sense
✔️ Common registration mistakes tradies make
✔️ How business structure affects finance, compliance, and growth

💡 A lot of businesses assume an ABN and ACN are the same thing.
They’re not and understanding the difference early can save serious headaches later.

Whether you’re:
⚡ Hiring staff
⚡ Applying for finance
⚡ Taking on larger contracts
⚡ Or scaling your operations

Your business structure matters more than ever in 2026.

👉 Read the full guide and understand whether your business actually needs an ACN.

Mortgage pressure isn’t just about rising interest rates—it’s about cash flow.And right now, that pressure is showing up...
06/05/2026

Mortgage pressure isn’t just about rising interest rates—it’s about cash flow.

And right now, that pressure is showing up in everyday life:
Groceries, bills, repayments… all getting tighter.

But here’s what we’re seeing at Wistax 👇
The households staying in control aren’t earning more—they’re planning better.

Our latest blog breaks down how to manage mortgage stress in 2026 with practical, real-world strategies (not guesswork).

Inside the guide:
✔️ Why mortgage stress is really a cash flow problem
✔️ The key habits of financially resilient households
✔️ How to improve your after-tax cash flow through smarter tax strategy
✔️ Loan and repayment adjustments that actually make a difference
✔️ Simple ways to build a buffer and reduce financial pressure

💡 You can’t control interest rates.
But you can control how prepared you are.

If rising repayments are starting to impact your lifestyle, now’s the time to act—not react.

👉 Read the full guide and take control of your mortgage strategy in 2026.

Most business owners don’t ignore compliance… they just get too busy running the business.But here’s the problem:ASIC de...
01/05/2026

Most business owners don’t ignore compliance… they just get too busy running the business.

But here’s the problem:
ASIC deadlines don’t wait and small oversights can turn into costly penalties, delays, or even bigger legal issues.

We see it all the time 👇
👉 Company set up correctly… then forgotten
👉 Directors or shareholders change (but ASIC isn’t updated)
👉 Business evolves, but records don’t
That disconnect? That’s where risk starts.

This is why company secretarial services matter more than most realise.
It’s not just paperwork, it’s what keeps your business legally sound and aligned with your tax strategy:
✔ Keep ASIC records accurate and up to date
✔ Lodge changes on time (no penalties, no stress)
✔ Properly document key decisions
✔ Ensure your structure reflects how your business actually operates

Because when your compliance and tax are aligned, everything runs smoother audits, financing, even future growth plans.

The reality is simple: “Set and forget” doesn’t work for companies anymore.

If your business has changed in any way- structure, ownership, investments—it’s worth checking if your records still match reality.

Fixing it early is easy. Fixing it late? Not so much.

Sydney property isn’t slowing down… it’s shifting.And in 2026, the investors who win aren’t the ones chasing the next ho...
30/04/2026

Sydney property isn’t slowing down… it’s shifting.

And in 2026, the investors who win aren’t the ones chasing the next hotspot they’re the ones who understand their numbers, timing, and tax position.

Right now, we’re seeing a clear change:
👉 Buyers are more cautious
👉 Interest rates are tightening margins
👉 Investors are prioritising cash flow over hype

Which means one thing: Your property investment tax strategy matters more than ever.

Because it’s not just about what you buy or sell, it’s about:
✔ When you sell (CGT timing can change outcomes)
✔ How you structure loans and ownership
✔ Whether your portfolio can handle rising costs
✔ And how you plan across different states

We’ve worked with investors who made small timing adjustments…
and ended up with significantly better after-tax results, even in a softer market.

That’s the difference between reacting to the market and planning ahead of it.

The reality? Sydney hasn’t declined, it’s just become more selective.

And in a selective market, strategy beats guesswork every time.

If you’re buying, holding, or thinking of selling, now’s the time to review your position, not after the decision is made.

June shouldn’t feel like a financial ambush.But for many business owners… it still does.The problem isn’t income, it’s r...
24/04/2026

June shouldn’t feel like a financial ambush.
But for many business owners… it still does.

The problem isn’t income, it’s reactive tax habits.

In our latest Wistax guide, we break down how smart business owners are turning tax from a last-minute scramble into a year-round strategy 👇

✔ Stay in control with consistent, real-time tracking
✔ Structure your business the right way (before chasing deductions)
✔ Make smarter decisions while options still exist
✔ Protect cash flow, not just reduce tax

💡 Here’s the shift that changes everything:
From “deal with it later” ➝ to “manage it all year”

Because tax planning isn’t just about saving money…
It’s about protecting profit, reducing stress, and making better business decisions.

If you’re tired of surprises at EOFY, this is your blueprint for staying ahead in 2026.

🌏 Moving overseas or settling into Australia?Before you make your next move, make sure your tax position is just as well...
22/04/2026

🌏 Moving overseas or settling into Australia?

Before you make your next move, make sure your tax position is just as well planned.

Our latest Wistax guide breaks down what actually matters for expats in 2026 from tax residency and foreign income to property timing and super decisions.

Because here’s the truth 👇
It’s not the tax return that causes problems…
It’s the decisions made before the income starts or assets are sold.

Inside the blog, you’ll learn:
✔ How to correctly determine your tax residency (it’s not as simple as location)
✔ What income you really need to declare—and what you might not
✔ How to avoid costly mistakes with property and capital gains
✔ Why timing and documentation can make or break your tax outcome

With increased ATO data matching and global reporting, guessing your position is no longer an option.

💡 The smartest expats don’t react to tax, they plan for it early.

If you’re moving, earning, or investing across borders, this is one guide you don’t want to skip.

Trusts still work but only when they’re done right.In 2026, the ATO isn’t just looking at what you distribute… they’re l...
17/04/2026

Trusts still work but only when they’re done right.

In 2026, the ATO isn’t just looking at what you distribute… they’re looking at why your structure exists in the first place.

We’re seeing more reviews triggered by common trust activities often not because of aggressive tax planning, but because of:
❌ Poor documentation
❌ Outdated structures
❌ Misaligned distributions
❌ Lack of real commercial purpose

Our latest guide breaks down the key Trust Activities That Attract ATO Attention, including:
✔ Section 100A arrangements (the #1 risk area right now)
✔ Distributions to low-tax or non-resident entities
✔ Circular income flows and UPEs
✔ SMSF-related trust strategies under scrutiny
✔ Family Trust Election breaches and reporting issues

Here’s the reality:
It’s no longer enough for a structure to “work”, it needs to be defensible.

If your trust hasn’t been reviewed recently, now is the time. Because once the ATO starts asking questions, your options become limited.

👉 Stay compliant. Stay structured. Stay ahead.

Read the full guide and make sure your trust is built to withstand scrutiny, not just save tax.

Selling or buying a business? Don’t overlook the one detail that quietly derails deals…👉 The business name.It might seem...
15/04/2026

Selling or buying a business? Don’t overlook the one detail that quietly derails deals…

👉 The business name.

It might seem like a simple ASIC step but in reality, it’s tied to:
✔ Your legal right to trade
✔ Your ABN and entity structure
✔ Your tax position (including CGT)
✔ Your brand continuity

Get it wrong, and you’re looking at delays, compliance issues, and unnecessary stress, right when everything should be finalised.

Here’s the key:
The transfer itself is simple…
But the timing, structure, and follow-through are where most deals fall apart.

Common mistakes we see:
❌ Wrong entity handling the transfer
❌ Buyer not completing their side on time
❌ Ignoring CGT and tax implications
❌ Treating it as “just admin”

The smarter approach?
👉 Treat the business name transfer as part of the entire transaction strategy, not a last-minute task.

Because when done right, it protects both the deal, and your outcome.

📖 Read the full blog for a step-by-step guide, real-world insights, and a checklist to get your transfer done right the first time.

The 2026 ATO crackdown is here and it’s changing the game for everyday taxpayers.With smarter data systems and real-time...
10/04/2026

The 2026 ATO crackdown is here and it’s changing the game for everyday taxpayers.

With smarter data systems and real-time monitoring, the ATO isn’t just auditing after the fact anymore…
👉 it’s spotting issues before you even lodge.

That means:
❌ Over-claimed deductions can get flagged instantly
❌ Missing income is easier to detect than ever
❌ Even small errors can trigger ATO contact

And it’s not just businesses- employees, investors, property owners, and side hustlers are all in focus.

The good news?
Staying compliant doesn’t have to be complicated.

✔ Keep accurate records year-round
✔ Declare all income (yes, even side hustles)
✔ Only claim what you can substantiate
✔ Get advice before small issues become big ones

Because in 2026, it’s no longer about reacting at tax time, it’s about staying ahead.

📖 Read the full blog to understand the key risks, common triggers, and smart strategies to stay compliant and confident.

What happens to your wealth after you’re gone isn’t just about a Will, it’s about control, protection, and long-term imp...
08/04/2026

What happens to your wealth after you’re gone isn’t just about a Will, it’s about control, protection, and long-term impact.

That’s where a testamentary trust comes in.

Instead of passing assets directly, you’re putting a structure in place that:
✔ Protects your family’s inheritance from risks (lawsuits, divorce, business failure)
✔ Creates smarter tax outcomes (even allowing income distribution to minors at adult tax rates)
✔ Gives you control over how and when wealth is used

💡 In today’s environment, rising property values, complex family setups, and increasing financial risks, a simple Will often isn’t enough.

We’re seeing more Australian families shift toward structured estate planning in 2026… not because they’re wealthy, but because they want to protect what they’ve built.

Common mistakes we see:
❌ Relying on generic Will templates
❌ Choosing the wrong trustee
❌ Ignoring superannuation planning

The result? Lost tax advantages, family disputes, or assets ending up in the wrong hands.

A testamentary trust isn’t about complexity, it’s about making sure your legacy actually works the way you intended.

👉 Want to understand if this structure is right for you? Read the full blog and make a more informed decision.

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Belrose, NSW
2085

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Tuesday 9:30am - 1pm
Wednesday 9:30am - 5pm
Friday 9:30am - 5pm

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