Tailored Accounts

Tailored Accounts Tailored Accounts is an award winning accounting & bookkeeping firm in Canberra.

Tailored Accounts provides cloud-based back office accounting and bookkeeping services to over 150 small and medium businesses across Canberra and interstates. Our employees are experts at accounting softwares, including but not limited to Xero, MYOB, and QuickBooks. We are currently one of Canberra's leading Xero bookkeeping specialists and an award-winning bookkeeping firm in the ACT. We are pro

ud to be an Australian Business Awards 2015 - Winner in Enterprise category, one of five finalists in the 2014 and 2015 Telstra Business Awards for small businesses, one of three 2014 Canberra BusinessPoint Awards finalists for the ‘High Growth’ category, and a finalist of the Australian Small Business Champion Awards 2015 for the Accounting Service and Business Growth categories. Our ultimate goal is to be Australia's leading specialist for back office accounting and bookkeeping services in the next 5 years.

The financial year has reset. Has your business?Updating payroll, preparing for BAS and closing the books are only the b...
16/07/2026

The financial year has reset. Has your business?

Updating payroll, preparing for BAS and closing the books are only the beginning.

Rising costs, tighter cash flow and new obligations mean last year’s strategy may no longer be enough.

Our latest article outlines six areas every business should review now to protect margins, strengthen financial visibility and make better decisions.

Read the full article: https://tailoredaccounts.com.au/2026/07/14/why-the-new-financial-year-demands-a-new-business-strategy/
Subscribe for more business and tax insights: https://us1.list-manage.com/contact-form?u=73cbe15108036ccfda29c74c6&form_id=dd41361f0efff786474ab470e6466d6d

⚠ Could your bucket company face a double-tax hit?Many SME owners use a discretionary trust with a corporate beneficiary...
14/07/2026

⚠ Could your bucket company face a double-tax hit?

Many SME owners use a discretionary trust with a corporate beneficiary, commonly known as a “bucket company”, to retain profits at company tax rates and manage future tax outcomes.

But the proposed Federal Budget 2026–27 trust tax changes could place that strategy under pressure.

From 1 July 2028, the Government proposes to introduce a minimum 30% tax on the taxable income of discretionary trusts.

Under the current proposal, a corporate beneficiary would not receive an offset for the tax already paid by the trustee.

This means the same $100,000 of trust income could potentially result in:

👉 $30,000 tax paid by the trustee; and
👉 a further $30,000 tax paid by the bucket company.

That is a combined tax cost of $60,000 before considering any later distribution to shareholders.

The proposal is not yet law, and important details remain subject to consultation. However, SME owners using bucket companies should start considering the possible impact on:

☑ future trust distributions;
☑ cash flow and tax funding;
☑ retained profits; and
☑ the long-term value of the existing structure.

The right response is not to restructure immediately. It is to understand the exposure, model the potential outcomes and monitor the final legislation.

Tailored Accounts is following the consultation process and helping businesses assess what the proposed changes could mean for their current structures.

A lot of trust is built in the small details.☑ The follow-up before a deadline.☑ The careful review of records.☑ The rem...
09/07/2026

A lot of trust is built in the small details.

☑ The follow-up before a deadline.
☑ The careful review of records.
☑ The reminder when documents are missing.
☑ The ongoing bookkeeping support that keeps accounts organised.
☑ The accuracy of the numbers clients rely on.
☑ The extra check before something is finalised.

At Tailored Accounts, our team works behind the scenes to help clients stay organised, informed and confident in their financial records.

Because good service is not only about delivering the final outcome. It is also about making the process feel clear, supported and reliable along the way.

Are Family Trusts Losing Their Tax Flexibility?❗Under the proposed Federal Budget 2026–27 trust tax changes, discretiona...
07/07/2026

Are Family Trusts Losing Their Tax Flexibility?

❗Under the proposed Federal Budget 2026–27 trust tax changes, discretionary trusts may face a 30% minimum tax from 1 July 2028.❗

For many SME owners and family groups, this could change how trust distributions are planned.

A key concern is for beneficiaries on lower marginal tax rates. If the trust income is effectively taxed at a 30% floor, the family may lose part of the tax flexibility that originally made the structure attractive.

This matters for family groups using trusts for estate planning, succession planning and asset protection.

Trusts may still have a role, but the tax outcome could become less favourable for some families.

With more than 1 million trusts in Australia, including around 840,000 discretionary trusts, this is a major structural change, not a minor technical adjustment.

For SME owners using a trust, the question is no longer just “how much should we distribute this year?”

✅The bigger question is: will this structure still protect the family and the business under the proposed rules?

A fresh start to the new financial year, a cold July morning, and breakfast well earned.The Tailored Accounts team start...
02/07/2026

A fresh start to the new financial year, a cold July morning, and breakfast well earned.

The Tailored Accounts team started the day with our annual TA Morning Walk & Breakfast, beginning from the office at 7:15am and followed by breakfast together afterwards.

It was a simple but meaningful way to pause, connect and share a few conversations as we step into the new financial year. Between the winter weather, morning steps and casual chats, it was a great reminder that strong teams are built not only through work, but also through the small moments shared along the way. 💪

Start-ups raising capital through an Early Stage Innovation Company (ESIC) structure should understand how the early sta...
30/06/2026

Start-ups raising capital through an Early Stage Innovation Company (ESIC) structure should understand how the early stage investor tax offset works.

Eligible investors may access a 20% tax offset, subject to annual caps and eligibility rules. However, start-ups also need to be aware of their ESIC reporting obligations, especially where new shares were issued during the financial year.

👉 We have prepared a simple guide covering the key offset rules, investor limits, reporting requirements and lodgment tips.

✅ Read the full article here: https://tailoredaccounts.com.au/2026/06/27/esic-investor-tax-offset-guide/
✅ Subscribe to our newsletter: https://us1.list-manage.com/contact-form?u=73cbe15108036ccfda29c74c6&form_id=dd41361f0efff786474ab470e6466d6d

‼️Clean numbers. Better decisions. A stronger new financial year.Late June is the ideal time for SMEs to review the area...
25/06/2026

‼️Clean numbers. Better decisions. A stronger new financial year.

Late June is the ideal time for SMEs to review the areas that often create issues later: bookkeeping, payroll, super, BAS, reconciliations and management reporting.

Small errors at this stage can quickly turn into bigger problems:
- Missed obligations
- Inaccurate reports
- Cash flow pressure
- Costly clean-up work later in the year
- ...

When your accounts are reviewed properly, you have clearer visibility over business performance and greater confidence in your compliance position.

If your accounts need a proper review before the new financial year begins, contact us to discuss how we can help.
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📩 [email protected]
📞 +61 2 6169 5196

❗8 days to Payday SuperFor many employers, this is the week to stop assuming payroll is ready.From 1 July, super will mo...
23/06/2026

❗8 days to Payday Super

For many employers, this is the week to stop assuming payroll is ready.

From 1 July, super will move much closer to the pay run. That means less room for small errors to sit unnoticed until quarter-end.

A rejected super payment, outdated fund details, incorrect payroll mapping, missing new starter information, or a clearing house delay could become a problem very quickly.

Before July payroll starts, now is the time to check:

☑️ Are employee super fund details complete and current?
☑️ Are new starters set up correctly, including stapled fund checks where needed?
☑️ Are pay items mapped correctly for super?
☑️ Is super being calculated on the right earnings?
☑️ Has the June quarter super position been reviewed?
☑️ Is there enough cash flow to pay super with each pay run?
☑️ Is your clearing house or payment method ready after 30 June?
☑️ Is STP reporting set up for the new requirements?
☑️ Who in the business is responsible for checking errors before the 7-business-day window closes?

The risk with Payday Super is not always the big, obvious mistake.

It is the small payroll issue that only gets noticed after the deadline has already started moving.

If your business has not reviewed its payroll setup, super process, STP reporting, and July cash flow yet, this is a good week to get a second set of eyes on it.

At Tailored Accounts, we work with businesses to review payroll processes before small issues become expensive compliance problems.

A quick review this week could save a much harder clean-up in July.

EOFY payroll is more than just completing the final pay run and clicking “finalise” in STP.Before employee income statem...
18/06/2026

EOFY payroll is more than just completing the final pay run and clicking “finalise” in STP.

Before employee income statements are marked as tax ready, it is worth taking a step back to check that your payroll records, accounting records and ATO reporting all match.

In our latest article, we share six key areas Australian employers should review before finalising STP, including PAYG withholding, superannuation, employee setup, termination payments and year-end payroll reports.

A quick review now can help avoid bigger payroll issues later.

Read the full article here: https://tailoredaccounts.com.au/2026/06/15/before-you-finalise-stp-check-these-six-areas/

Congratulations to CPA Australia on celebrating 140 years of supporting and shaping the accounting profession.Last week,...
16/06/2026

Congratulations to CPA Australia on celebrating 140 years of supporting and shaping the accounting profession.

Last week, Harry Hoang and Hannah Tran represented Tailored Accounts at CPA Australia’s 140th anniversary event.

It was also a special moment for Harry, our CEO, to deliver the opening speech and be part of this meaningful milestone.

We are proud to share a strong connection with CPA Australia and to continue supporting the accounting and business community alongside an organisation with such a long and respected history.

Congratulations again to CPA Australia on this wonderful achievement. 👏👏

Address

24 Lonsdale Street Level 1, Suite 127
Braddon, ACT
2612

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 5:30pm

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