Partner Accounting

13/05/2026

There were plenty of tax announcements in last night's budget. If they're all passed as law, and there's no guarantee they will be, there'll be some significant changes. Fortunately, most of them start in the future and have not been backdated. Many changes won't start for a year or more. This means the most important thing is planning and discussions. In many cases, any negative effects of these changes can be minimised with careful planning.
Here's some of the major tax changes:
• Cuts to personal tax rates announced in previous budgets will go ahead, together with further tax cuts and rebates, and a standard $1000 work related expense deduction, in future years.
• Small Business $20,000 Instant Asset Write-Off has been made permanent, instead of ending 30th June 2026.
• Negative gearing rules change for new properties bought after the budget. In most cases the rental losses can’t be claimed, and are carried forward to offset future rental profits. Existing properties, and newly built houses, can continue to use negative gearing.
• The way Capital Gains Tax is calculated will change from 1st July 2027 with the 50% discount replaced by an indexation calculation, and a minimum 30% tax rate on the taxable gain. There are some transitional rules and exemptions for existing assets and newly built houses, and taxpayers who receive a some income support payments such as the Aged Pension. In most cases, this will mean if you sell an asset that has increased by more than inflation, you will pay more CGT than you would have under the system that has been in place since 1999.
• Pre 20th September 1985 assets which are currently exempt, will be subject to CGT when sold after 1st July 2027. CGT will apply only on the increase from what the asset was worth on 30th June 2027, so any gain until then remains tax free.
• From 2028/29, most trust distributions will attract a minimum 30% tax rate, paid by the trustee before making the distribution to beneficiaries. This will particularly affect clients who were making distributions from their trust to beneficiaries who earned under $45,000.
• Loss Carry Back rules will be re-introduced from 2026/27. This means if a company pays tax, but then makes a loss in a later year, you can use the losses to get a refund of tax paid in previous years. From 2028/29, there are extra loss carry back incentives for new start up companies.
• Super Funds are largely exempt from the above changes.

20/04/2026

The only public holiday in Queensland this weekend is on Saturday, but Partner Accounting will be closed all day Friday as well instead of our usual 12pm Friday finish.

06/03/2026

Due to continued growth, we are looking for an experienced Senior Accountant with CPA or CA qualifications to join our team. Ideally, the position is on a part-time basis of 2–3 days per week, however we can be flexible including up to a full-time role if desired, and can work around school holidays if desired. We are also comfortable with a start date after the end of the financial year to allow you to meet any current obligations you have to your current clients and employer.

This role would suit an experienced accountant seeking flexibility while continuing to work in a professional and client-focused environment.

In this role you will work directly with clients, and will include:
- Preparation of financial statements and tax returns for SMSF's, companies, trusts, partnerships and individuals;
- Preparation of BAS and IAS;
- Providing tax and business advice to clients;
- Managing client relationships and responding to client queries;
- Assisting clients with business structuring and tax planning
- Reviewing work and ensuring compliance with current legislation

Established in 2021, we are predominantly a Xero-based practice, and use this for financial statement and tax return preparation, however also have a number of clients using other bookkeeping software. We use BGL for corporate compliance and SMSF fund preparation, and also use FYI Docs and Annature extensively. We can provide training in any of these programs as required. We have clients across a range of industries, with most being small to medium businesses with a turnover between $500,000 and $5,000,000. We have 3 staff, all accountants, and our model encourages a strong relationship with clients.

We provide a flexible and supportive work environment, where work-life balance and customer service is prioritised above productivity percentages. Our office closes at 12PM Fridays, and one of the aims of this position is to manage workloads to progress to a 4 day work week for all staff. We don't want staff having to work late or on weekends, or feeling like they have to check emails out of work hours. WFH is an option, although we would like at least 2 days per week in the office due to our small staff numbers.

If this sounds like you, please send an email to [email protected] with your resume, or requesting a call back to discuss the position. We would encourage you to let us know what you are looking for in your work life. All applications will be treated confidentially, and replies can be outside work hours if preferred.

21/12/2025

27/09/2025

We turn 4 today!
Thankyou to everyone who has been part of our journey, and a special thanks to Karen & Vicki. Without them this wouldn’t be possible.

30/03/2025

Today we are officially in our new building at 4/28 Reef Street, Gympie.
Unfortunately we are having internet issues, which means our phones are down, but you can leave a message and we'll call you back.
We are on skeleton staff until everything is fixed, so please be patient - we're still unpacking boxes and making space!

26/03/2025

Our office will be closed Friday 28th March while we move. We will then open in our new location at 4/28 Reef Street, Gympie at 8:30am on Monday 31st March.
While we've planned as much as we can for a smooth transition, we won't really know if phones, internet, computers and printers work as we hope until we get there, so please be patient. 29 years experience as an accountant tells me I'll probably be swearing at the printer for a couple of hours tomorrow - it's always the printer!

03/03/2025

In the next month or two, Partner Accounting will be relocating to new offices, still in Gympie's CBD. Watch out for more information closer to the big date. It will be an exciting move for us and the next step for our business.

We can't thank our current landlords Bernie and Cynthia enough for their assistance over the last 3 years. You may have already noticed the For Lease sign here at 20 Young Street, and if you're looking for an office space for your new or growing business with several offices, excellent exposure and parking, lots of storage space, and wonderful landlords, then give Bernie a call on 0419 170 300. I've no doubt the exposure and location has played a significant part in our growth since opening.