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HiCom Accounting Pty Ltd, Suite 207/1 Thomas Holmes Street, Maribyrnong, Melbourne (2026)

16/06/2026

📌Tax Tips[PART 2]: Analyzing the Financial Impact of the ATO’s 30% Minimum CGT Floor
🥰Welcome back to HiCom Accounting’s Tax Tips series on the upcoming Capital Gains Tax (CGT) legislative amendments. Moving beyond the theoretical framework, this brief focuses directly on the practical financial implications for your investment portfolio.

👉The incoming 30% statutory floor operates as a mandatory regulatory levy enforced by the Australian Taxation Office (ATO). Regardless of your individual financial circumstances, any capital gains realized post-July 2027 will be subject to a minimum tax liability of 30%.

👇Below, HiCom Accounting outlines three practical case studies demonstrating the operational shift from the legacy framework to the new regime.

🎯Case Study 1: Neutralization of the "Low-Income Year" Realization Strategy
🕵️‍♀️A traditional strategy employed by investors involves deferring the disposal of an asset to a financial year in which their personal income is projected to be low or zero (e.g., during a career break, parental leave, or early retirement) to leverage lower marginal tax brackets.

🔴The Scenario: An investor takes a career break (reporting $0 in employment income) and disposes of equities, realizing a net capital gain of $40,000.

📍Previous Law: Under current provisions, the investor utilizes the $18,200 tax-free threshold. The effective tax liability on the $40,000 gain would be approximately $4,000.

📍New Law (Post-July 2027): The ATO will disregard the investor's low personal income status for this transaction. The 30% statutory floor applies directly to the entire indexed gain, resulting in a tax liability of $12,000.

👉 Impact: The tax liability triples under the new law. Liquidating assets during low-income years will no longer serve as a viable tax optimization strategy.

Case Study 2: Minimal Impact on High-Income Earners
🟠The Scenario: An investor earns a salary of $150,000 per annum (positioning them within the 37% marginal tax bracket) and realizes a capital gain of $100,000 from a land parcel disposal.

📍New Law (Post-July 2027): This policy adjustment will have nominal to no impact on this specific transaction. Because the investor's current marginal tax rate (37%) already sits above the 30% statutory floor, the capital gain will continue to be aggregated and taxed at their marginal rate of 37%.

👉 Impact: The new legislation does not increase the tax burden on top-tier earners; rather, its primary mechanism is to close structural loopholes utilized within lower income brackets.

Case Study 3: Structural Disruptions to Discretionary Family Trusts

📍Previous Strategy: When a Family Trust realizes a capital gain (e.g., $100,000 from a property disposal), the standard practice is to distribute that profit to beneficiaries reporting minimal or zero income, such as adult children in full-time study or retired parents. This effectively minimizes the family group's global tax liability.

📍New Law (Post-July 2027): This distribution mechanism will be rendered ineffective for optimization purposes. Irrespective of which beneficiary the trust nominates, the $100,000 capital gain will attract the minimum statutory tax rate of 30% ($30,000) at source.

👉 Impact: The foundational asset-distribution and income-splitting strategies relied upon by thousands of discretionary trusts across Australia will require immediate structural re-evaluation.

💡STRATEGIC ADVICE FROM HICOM ACCOUNTING:
Do not wait until the legislation takes effect. We strongly advise you to start planning for a professional property valuation now to clearly define and protect your historical, tax-advantaged profits. Concurrently, it is crucial to review and restructure your family's broader financial and trust setups today to ensure they remain viable post-2027.

15/06/2026

📌Tax Tips: Analyzing the "30% Statutory Tax Floor" - Who Loses and Who Remains Safe?
👉The Australian Federal Budget has recently announced a regulation that fundamentally disrupts traditional tax minimization strategies: the implementation of a 30% minimum tax rate on Capital Gains Tax (CGT), effective July 1, 2027.

🔍This advisory guide will assist you in comprehensively understanding this new tax mechanism within three minutes.

1. The Fundamental of the "30% Tax Floor":
Historically, capital gains derived from the disposal of assets (such as real estate or equities) were aggregated with your total assessable personal income.
👉Consequently, if you were unemployed or had a low income during that financial year, the applicable marginal tax rate on these capital gains would be exceptionally low (potentially 0%).

🗓️However, commencing July 1, 2027, the following regulatory framework will apply:

📍Mandatory Minimum Threshold: The Australian Taxation Office (ATO) will no longer factor in your employment status or baseline income for this specific calculation. The realized capital gain (subsequent to inflation indexation) will automatically be subject to a statutory minimum tax rate of 30%.

📍An Absolute Floor, Not a Ceiling: Individuals in higher income brackets (currently subject to marginal tax rates of 37% or 45%) will continue to be taxed at those elevated rates. The 30% figure functions strictly as a "floor" to preclude individuals in lower tax brackets (e.g., 0% or 19%) from minimizing their tax liabilities on asset disposals.

💡Practical Implication: From 2027 onwards, the "30% floor" operates as a mandatory levy enforced by the ATO. Irrespective of your broader financial circumstances, any profitable investment realization will necessitate remitting approximately one-third of the net gain to the government.

🥰For a more concrete and comprehensive understanding of how your personal finances will be impacted, HiCom Accounting will publish a detailed analysis tomorrow featuring practical case studies. This forthcoming publication is designed to provide you with an intuitive and actionable grasp of the new tax legislation's real-world financial consequences.

13/06/2026

📌TAX TIPS: The Abolition of the 50% CGT Discount and Its Financial Implications Post-2027

The 2026-2027 Federal Budget has introduced a significant legislative shift regarding Capital Gains Tax (CGT), directly impacting property and equity investors in Australia. The following outlines essential information for navigating these regulatory changes and optimizing asset protection.

1. Legislative Reforms: Key Amendments to Capital Gains Tax
👉Historically, the Australian taxation framework has provided substantial concessions for investors:
🔴Current Legislation (Pre July 2027): Under the existing framework, investors who hold an eligible asset for a period exceeding 12 months are entitled to a 50% discount on their taxable capital gain upon realization. For instance, a $10 capital gain incurs tax on only $5).

🔴Forthcoming Legislation (Effective July 1, 2027): The 50% CGT discount will be formally abolished. In its place, the government will permit capital gains to be indexed for inflation. The remaining real capital gain will subsequently be subject to a minimum statutory tax rate of 30%.

2. Comparative Analysis: Assessing the Financial Impact
Consider the following scenario to illustrate the financial disparity between the two frameworks: An investor acquires a property for $500,000 and subsequently disposes of it for $700,000, resulting in a gross capital gain of $200,000.

🟠Under Current Provisions: The application of the 50% discount reduces the taxable capital gain to $100,000.

🟠Under Forthcoming Provisions: Assuming an inflation indexation factor of 10% (equating to a $50,000 reduction), the revised taxable capital gain becomes $150,000. This amount is then subject to the mandatory minimum tax rate of 30%.

👉Conclusion: Consequently, investors will be exposed to a substantially higher overall tax liability under the new regulatory framework.

3. Strategic Tax Planning:
🎯Strategy 1: For Current Asset Holders
The forthcoming legislation bifurcates capital gains based on specific timeframes:
📍Gains accrued prior to July 1, 2027: Remain eligible for the 50% CGT discount.
📍Gains accrued from July 1, 2027 onwards: Will be subject to the new indexation and 30% minimum tax provisions.
👉Recommended Action: Prior to the conclusion of the 2026-2027 financial year, investors should engage a certified Property Valuer. A formal valuation report will serve as critical substantiating documentation for the Australian Taxation Office (ATO), establishing a baseline to preserve the 50% discount on the historical portion of the capital gain.

🎯Strategy 2: For Prospective Asset Purchasers
In an effort to stimulate the housing construction sector, the government has instituted a singular exemption for newly constructed residential dwellings (new builds).

🏠Purchasers or builders of entirely new residential properties will retain the option to apply the 50% CGT discount upon future disposal of the asset.

❗️Warning: Subsequent purchasers of the property (once categorized as an established dwelling) will be completely ineligible for this tax concession.

18/05/2026

📅 2024- 2025 Lodgement Season Recap – We Survived!

Another tax season is officially done, and the HiCom team is still alive, smiling, and fully caffeinated! ☕🏆

We are proud to announce that we’ve once again smashed the 𝐀𝐓𝐎’𝐬 𝟖𝟓% 𝐥𝐨𝐝𝐠𝐞𝐦𝐞𝐧𝐭 𝐛𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤. This success is thanks to strong internal systems, incredible teamwork, and a mountain of coffee we legally cannot disclose.

"𝐖𝐡𝐲 𝐢𝐬 𝐦𝐲 𝐭𝐚𝐱 𝐫𝐞𝐭𝐮𝐫𝐧 𝐬𝐭𝐢𝐥𝐥 𝐨𝐮𝐭𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠?" 🤔
Your fault not us trust us really we feel like we have harassed clients enough for their deadline (Yes, you. Send us the receipts. Please. 😉)

Again, why work with a high-performing agent?
🫵𝐄𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐝𝐞𝐚𝐝𝐥𝐢𝐧𝐞𝐬: More time to get your assets in order.
🫵𝐁𝐮𝐥𝐥𝐞𝐭𝐩𝐫𝐨𝐨𝐟 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞: We know the rules so you don't have to.
🫵𝐓𝐫𝐮𝐬𝐭𝐞𝐝 𝐑𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐀𝐓𝐎: They know we don't mess around, which helps you.
🫵𝐓𝐨𝐭𝐚𝐥 𝐩𝐞𝐚𝐜𝐞 𝐨𝐟 𝐦𝐢𝐧𝐝: You sleep soundly; we handle the stress.

A massive thank you to our amazing team and clients. We take your tax seriously—but we survive the chaos with a smile! 🌟

13/05/2026

🚨 The 2026 Budget Survival Guide: The Good, the Bad, and the "Wait, What?!"

Hey everyone,

We’ve spent the last 24 hours digesting the 2026–27 Federal Budget, and here at HiCom Accounting, we've come to a conclusion. It’s a mixed bag: part "helping hand," but mostly "hand in your pocket." Like they always do, they give out a little, and take back a lot more.

Grab a cup of coffee ☕️ because this is going to be a long breakdown of exactly what this means for business owners and family taxpayers. Let’s dive in (or don't worry at all—it is what it is, to be honest!).

Since we have family trusts and investment properties ourselves, we are feeling exactly what you are feeling right now. So, we gently request everyone to stay calm and please do not get angry at our lovely, dedicated HiCom staff because of your personal feelings toward the government! 😅 (Note: If you have a family trust, keep an eye out for a specific, tailored update coming to your inbox separately).

Here is the breakdown:

1️⃣ The "Negative" Negative Gearing changes:
👉 The "New Home" Rule: From 1 July 2027, you can only offset property losses against your salary for new builds. Basically, you need to be part of the ‘bumping stock’ investors entering the market!
👉 Established Homes Quarantined: If you buy an established house after May 2026, those losses are "quarantined" for the future. (Existing properties are "grandfathered," so don't panic sell just yet!). But even if you do sell, it means existing properties are no longer as attractive as new builds. Our existing investments took a hit here.
👉 CGT Makeover: The 50% discount is being replaced by an "Indexation" method from 2027. Here's the kicker: the math just got harder. Even CPAs are saying, “Hold on, we don’t know how to do this yet.” This means your accounting fees for calculating capital gains will likely go up, and your investment margins might be thinner. (Please don't blame us! Personally, after reading this budget, we feel like we should all stop investing our hard-earned income and just go buy lotto tickets 🎟️).

Gains before that date still use existing 50% discount rules.

New-build property investors can choose between the old 50% discount or the new inflation method.

Pre-1985 assets will partially lose their CGT exemption for gains after 1 July 2027.

Investors will pay at least 30% tax on capital gains.

These changes also hit shares and crypto investments! 📉

2️⃣ The "Silver Lining" (Business & Cash Flow)
To stop us all from abandoning the country, the Government threw some benefits back to small businesses:
✅ Loss Carry Back: Hit a rough patch and make a loss in 2026-27? You can claim a cash refund against tax you paid in the previous two years. It’s a "Tax Time Machine." It means tax planning will be messier for us, but it's great for struggling businesses. (Though it does feel like they take money from businesses doing well and give it to those that aren't. Competence gets punished again!).
✅ Instant Asset Write-off: The $20,000 deduction is now permanent. You can keep buying those "essential" business items and claim them immediately with zero confusion over whether the limit is $20K or $1K this year.
⚠️ Dynamic PAYG-Instalments: From July 2027, you can opt for monthly PAYG or use software to pay tax based on actual sales. This is a very dangerous option. The ATO portal will use an API to connect directly to your Xero, QB, or MYOB to see your sales immediately. Meaning, the anxiety will kick in the moment you create an invoice—tax is grabbed instantly, even if your client hasn't paid you yet! 💸 Your cash flow takes a hit without mercy.
On the bright side: If your sales are dropping, you pay based on real-time worse sales rather than last year's high numbers, saving you from a massive year-end tax bill.
The dark side: The ATO can basically see your accounts naked whenever they want to. 🫣

3️⃣ The "Admin Alert" & some crumbs they threw in:
👉 Super Clearing House (SBSCH) is Closing: The ATO is shutting down the Small Business Super Clearing House on 1 July 2026. With "Payday Super" coming (paying super on the exact day you pay wages), you’ll need to move to a private clearing house (like Xero or MYOB). Don't panic: HiCom will download your payment history before they delete the internet data!
👉 Work Expense "Shortcut": From 2026-2027, workers get a flat $1,000 deduction for work-related expenses without needing a shoebox full of receipts.
👉 Personal tax income cuts: Don’t expect much. For the lowest bracket ($18,200 - $45,000), the rate drops from 16% to 15% in July 2026, and down to 14% in July 2027. Didn’t we say "crumbs"?
👉 New Working Australians Tax Offset (WATO): ~13 million workers will automatically receive a new offset worth about $250/year from 2027-2028. But honestly, for our clients with family trusts now facing a flat 30% tax on distributions... this is just pocket change.

Our Collective Game Plan 📋
The overall picture: If you have a standard setup—a family-owned business, a trust to protect assets and split income to lower-earning members, or flexibility for future kids—we are going to have to rethink your structures. It’s going to be a mess, and being an accountant over the next 2 years won't be fun!

We share your feelings of hurt and confusion. We feel deeply sorry for any families who recently set up a trust! But like we always say, tax advice is only relevant until the "game-changer" government decides, “Nah I’m bored, I want a different game that benefits me more now.”

“Now what?” you ask.
Well... please do not flood us with panicked calls right now. 🛑

We are already pivoting our strategies behind the scenes. We are running the numbers, testing mock-up scenarios, running trusts through the new brackets, and looking at in-house case studies. (And honestly, looking for a cheaper country to move our businesses to LOL 🌍).

We have time. Most of these changes don't hit until 2027 or 2028. We are sending you this email with love and care—you are in "good hands." If we cannot figure it out, no other accountants out there can do it anyway 😉, so put your faith in the professional minds at HiCom Accounting.

We will run as many tests as it takes to find the best formulas. It won't be picture-perfect, but we will discuss your specific "Family Strategy" and restructuring options (like potentially moving from a Trust to a 25% tax-rate Company) during our next year-end meeting.

Until then, take a deep breath, hug your accountants (virtually), and remember: they can take our 30%, but they can't take our sense of humor.

Happy Wednesday everyone!

Best regards,
HiCom Accounting Team

13/05/2026

Historic Housing Tax "U-Turn": Shattered Trust and Market Fallout!

In the Public Policy & Market Analysis group, we are witnessing a political and economic earthquake right on the eve of the Federal Budget announcement.

🛑 A Broken Promise: Prior to the 2025 election, the Prime Minister stated over 50 times that Negative Gearing and Capital Gains Tax (CGT) policies would remain untouched. This sudden reversal is sparking massive outrage, leaving investors who relied on existing legislation feeling betrayed and staring down an uncertain financial future.

⚖️ The "Generational Inequity" Shield: To justify this move, the government points to the struggles of young people locked out of homeownership, framing this as a "painful but right" decision. However, this does little to comfort the millions of everyday working families who have painstakingly saved for their retirement, now facing the harsh reality of having their legitimate investments penalized.

⚠️ A Market Chokehold: Regardless of the underlying intentions, disrupting long-standing tax policies will undoubtedly send shockwaves through the market. Experts warn that squeezing Negative Gearing will directly crush the already critically low supply of rental properties. Ultimately, the most vulnerable demographic—renters—will bear the brunt of this fallout, facing skyrocketing rent bills passed down by financially pressured landlords.

Direct Link: https://www.sbs.com.au/news/article/anthony-albanese-promised-he-wouldnt-touch-housing-tax-reforms-now-hes-defending-them/3vqxy06kv

07/05/2026

🚨 HiCom Accounting Pty Ltd is officially entering “tax season survival mode” until 15 May 2026 🚨
To make sure all of our existing clients meet their tax return deadlines on time, we are temporarily pausing all new client onboarding and new bookings from today until 15.05.2026.
We are incredibly grateful for all the referrals, Facebook messages, and support from the Vietnamese community, friends, and business networks ❤️

But for now… our whole team is running on caffeine, spreadsheets, and pure survival instincts 😭
📌 Any new clients or bookings will be accepted after 15.05.2026.

30/04/2026

Tax Tips: The Eve of the Federal Budget – Keep Your Powder Dry Before the Government Shows Its Hand!

Today is the final day of April. As we cross into May, the entire Australian business and investment community will hold its breath, looking toward Parliament House for the annual Federal Budget announcement. This is the time to stay still before you strike!
The Warning: Are you itching to sign a contract for hundreds of thousands of dollars in machinery, or planning to dump a massive lump sum into your Super today just to secure tax deductions? Hold your fire!
The Consequences: Making massive, irreversible cash flow and structuring decisions right on the eve of Budget Night is an incredibly risky gamble. The Government could suddenly extend, expand, or axe critical incentives (such as the Instant Asset Write-off or major personal tax bracket overhauls). If you hastily "spend all your ammo" today, you might get locked into the old rules and miss out on tens of thousands of dollars in new incentives set to be unveiled in mid-May!
Practical Solution: Keep your powder dry! Finalize your Q3 financial reports right now so you know exactly where your bottom line stands, but keep your major disbursement decisions on "standby." Book a strategy meeting with your Tax Advisor for the third week of May (immediately after the Budget is handed down). Once the new rules of the game are revealed, we will have exactly 6 weeks in June to execute a 100% flawless EOFY strike!
Source: Australian Government - Federal Budget Announcements.

29/04/2026

Tax Tips: The July 1st Super Hike – The Contract Wording That Will Blow Up Your Payroll!

We are exactly two months away from the new financial year (July 1st). Every year on this date, the Australian Government increases the mandatory Superannuation Guarantee (SG) rate. And the employment contracts you signed will dictate exactly who pays the price for this hike!
The Warning: Do you know exactly how your current employment contracts are drafted? Are your employees paid a "Total Remuneration Package Inclusive of Super", or is it a "Base Salary PLUS Super"?
The Consequences: A single difference in wording creates completely opposite financial disasters!
If the contract says "Plus Super", your company must dig into its own pockets to cover the SG increase, causing your overall payroll costs to spike.
Conversely, if it says "Inclusive of Super", the company's total cost remains the same, but the employee's take-home pay will automatically decrease. Without prior warning, you will face a wave of anger, resentment, and a severe drop in morale from your workforce.
Practical Solution: Don't wait until the first pay run in July to panic! Right now, at the end of April, instruct your HR and Accounting teams to audit all employment contracts. Forecast your new payroll cash flow and send official written notices to your staff explaining the upcoming wage/super restructuring. Proactively managing your team's expectations is the ultimate way to protect your business!
Source: ATO - Super guarantee percentage & Fair Work Ombudsman.

28/04/2026

Tax Tips: Personal Super Contributions – Forgetting the "NOI" Means Throwing Thousands Out the Window!

This post is a red-alert warning specifically for Sole Traders and individual Investors who contribute personal funds into their Superannuation to claim a tax deduction.
The Warning: Over the past year, you transferred $15,000 of your personal savings directly into your Super fund, expecting to deduct this amount from your Taxable Income at year-end. Do you assume that just because the money has hit the fund, the tax deduction is completely automatic?
The Consequences: Depositing the money is only half the battle! If you fail to submit a legal document called a Notice of Intent (NOI) to your Super fund AND receive their official acknowledgment letter BEFORE you lodge your personal Tax Return, the ATO will ruthlessly deny your entire $15,000 tax deduction. You have successfully locked your cash flow inside your Super fund until retirement, yet you will receive zero tax benefit for it this year. A true financial tragedy!
Practical Solution: Don't wait until July or August when your accountant asks for it. Right now, go to your Super fund's website, download the form "Notice of intent to claim or vary a deduction for personal super contributions." Fill in the exact amount you wish to claim, send it to the fund, and wait for their Acknowledgment Letter. Keep this letter in your tax file to ensure your massive tax deduction is 100% secured.
Source: ATO - Claiming deductions for personal super contributions.

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