Hurney Partners

14/05/2026

📊 FEDERAL BUDGET 2026–27: What You Actually Need to Know

The budget dropped on 12 May with some of the biggest tax changes in decades.

Most don't kick in until 2027 or later — but there are planning moves you should make NOW.

Here's what matters:

💰 $250 tax offset for workers
📝 $1,000 no-receipt work deduction
🏠 Major property & negative gearing changes
⚠️ New 30% minimum tax on trusts (this one's big)
📈 CGT changes from 2027
💼 Expanded small business support

---

PROPERTY INVESTORS — PAY ATTENTION

From July 2027, negative gearing only works on NEW BUILDS.

Existing properties you already own? Fully grandfathered.
Existing properties you buy after Budget night? Losses get quarantined.

The numbers have changed. If you're buying or selling property soon, this affects you.

---

TRUST HOLDERS — THIS IS CRITICAL

New 30% minimum tax from July 2028.

What this actually means:
✖️ Income splitting benefits slashed
✖️ "Beneficiary company" strategies are mostly dead
✖️ Non-refundable tax credits = lost money for low-income beneficiaries

The upside: You've got a 3-year restructuring window.

Recommend you review your position now, not in 2028.

---

SMALL BUSINESS WINS

✅ $20k instant asset write-off — now PERMANENT
✅ Loss carry-back for companies (cash refunds)
✅ Start-up loss refunds from 2028
✅ More PAYG flexibility

---

We've cut through the politician speak and broken down what actually matters.

Full breakdown with worked examples, real-world scenarios, and what you should do about it:

👉 https://hurneypartners.com.au/blog/federal-budget-2026-breakdown

---

If any of these changes affect your situation, don't wait.

Want to talk through your specific position? Get in touch.
https://hurneypartners.com.au/book-an-appointment

09/05/2026

Hurney Partner's would like to wish a very Happy Mother's Day to all the amazing mum's in our lives. 🌸

We'd also like to wish Haidee a very happy birthday today too! 🎂

24/04/2026

This Anzac Day, we pause to remember and honour the Australian and New Zealand servicemen and women who have served our country with courage and sacrifice.

Their legacy lives on in the freedoms we share today. Lest we forget.

17/04/2026

Most business owners wait until June and then scramble. But if you start now, you've got time to actually make decisions that improve your tax position – not just react to it.

Whether it's prepaying expenses, reviewing asset purchases, or checking your super contributions are on track, the moves that save you money need breathing room.

We're already booking EOFY sessions for May and early June.

If you want to go in with a plan instead of panic, now's the time.

Book at hurneypartners.com.au/book-an-appointment or give us a call.

When do you usually start thinking about EOFY? (Be honest.)

02/04/2026

Wishing all our clients and friends across Far North Queensland a Happy Easter!

Our offices will be closed over the public holidays, back on Tuesday, 7 April.

We wish you good weather, good food, and a decent rest.

- The Hurney Partners team 🐰

01/04/2026

🎉 Congratulations to Scott and Natalie Hayward, who kicked off their first day as owners of Innisfail Stockfeed, Saddlery & Vet Lines on Monday - and straight into a big week leading up to Easter!

It's always great to see a well-established local business transition into new hands with fresh energy and enthusiasm. That's how strong local communities stay strong.

Exciting times ahead for the Hayward family - they're looking forward to meeting new and existing customers over the coming weeks as they settle into life as business owners.

If you're in Innisfail, pop in and say g'day!

Innisfail Stockfeed, Saddlery & Vet Lines

20/03/2026

There’s a lot of noise around interest rates, fuel prices, and inflation right now. We’ve had a number of clients asking what it actually means in real terms – so here’s a simple breakdown.

This week, the Reserve Bank (RBA) raised interest rates by another 0.25% – the second increase in a row. Combined, the recent 0.5% rise is adding around $210 per month to the average mortgage.

At the same time, fuel prices have surged by more than 60% in recent weeks following the conflict in the Middle East, with no clear relief in sight. For many households, this is the equivalent of another interest rate hike – adding $100+ per month to everyday costs.

There is significant uncertainty ahead. If oil prices reach $100 per barrel, inflation could rise from the current 3.7% to around 4.5%. At $120 per barrel, inflation may push closer to 5% as higher costs flow through the economy.

Primary producers are also feeling the pressure, with fertiliser prices increasing by up to 35%. Urea – the world’s most widely used nitrogen fertiliser – is heavily supplied by the Middle East, accounting for around 45% of global exports.

With inflation expectations rising, households could see costs increase by as much as 5.5% over the next 12 months.

While the Australian economy has remained resilient in recent years, the current environment presents new challenges.

Both businesses and households will need to stay flexible and ready to adapt as conditions continue to shift through 2026.

13/03/2026

Glenn enters his second year as Leichhardt’s Men’s Senior Coach with high hopes for the season ahead.

After many years involved with the club and coaching junior teams, Glenn has once again put his hand up to lead the side for the 2026 season.

Pre-season form has been solid, and Glenn will be hoping the boys in red and black can take a bit of inspiration from Craig Bellamy – who recently recorded his 24th consecutive Round 1 win – and get off to a flying start.

As anyone involved in community sport knows, it’s becoming harder to find people willing to step into these roles, so it’s great to see Glenn continuing to support his local club.

His son Ethan will line up in defence this weekend, and he’ll be hoping the team gets off to a strong start too – the drive home and the dinner conversation are always a lot better after a win.

Good luck to the boys this weekend and for the season ahead.

Leichhardt Lions FC

02/03/2026

We would like to wish a very happy birthday to two of our lovely ladies - Lucy (today) and Joelene (last week).

The contributions these two make to the Hurney Partners team cannot be overstated!

Happy Birthday! 🎂💐

20/02/2026

Thank you Tash! 💐

Today is the final day for our team member Tash, who has been working with Hurney Partners for more than two years while completing her final years at Good Counsel College. Tash starts an exciting new chapter as she commences her Nursing Degree at the university.

Tash has been an invaluable member of our team and has shown the same commitment to our business as she applies to all parts of her life. We will all miss the positive energy Tash brings to the office, and we have watched as the quiet girl from a few years ago has become the confident “straight shooter” of the office.

While sad to see Tash leave, we also look forward to seeing where the journey takes her and the success we are sure will come her way.

The girls will really miss having you around the office! Thank you, and best wishes Tash.

06/02/2026

Hurney Partners would like to give a huge shoutout to one of our clients, Bun and the team at Babinda Bakery on being crowned Best Pie in FNQ for the 3rd year in a row! 🏆🥧

We've had the privilege of working with Bun since he purchased the business, and it's been incredible to watch the hard work, dedication and smart decisions he's made through the acquisition and changes, to become one of the region's standout success stories.

Awards like this don't happen by accident - they're earned through consistency, passion and a genuine commitment to quality product and service.

Well done to the team on a well-deserved achievement. Click to read the story, or better yet - stop off and grab an award-winning pie. 🥧

🥧 A south Cairns bakery has defeated its rivals in a late voting surge to retain its title as the Far North’s best pie-maker, coinciding with a new gourmet flavour launch 📍FULL STORY ➡️ https://bit.ly/3MfEbh0