Concept Accountants

28/05/2026

Dear Clients,

Please find attached a summary table outlining the proposed Capital Gains Tax (CGT) treatment for various categories of assets based on acquisition and disposal dates.

The table provides a general overview of:
🔑 Pre-CGT assets acquired prior to 20 September 1985
🔑 Existing CGT assets acquired after 20 September 1985
🔑 The potential application of the 50% CGT discount
🔑 The proposed transition to an indexed cost base method from 1 July 2027

📌 Please note that this information is intended as a general guide only and does not constitute personal taxation advice.

📌 The taxation outcome for each taxpayer will depend on individual circumstances, including residency status, ownership structure, and the nature of the asset involved.

📌 We recommend seeking professional advice before making any decisions regarding the acquisition or disposal of assets.

📌 We will continue to monitor developments and provide further updates as additional details or legislation becomes available.

19/05/2026

Dear Clients,
Many of us are feeling a degree of uncertainty following last week’s Federal Budget announcements. These proposed changes represent some of the most significant reforms to the Australian tax system in more than 25 years. However, at this stage, there is still a considerable lack of detail required to make informed decisions about your individual circumstances.

We are currently working through the announcements carefully so that we can provide you with information that is both accurate and relevant. Our priority is to identify areas where immediate decisions may be required, while other matters that do not require urgent action may take a little longer for us to analyze and communicate properly.

Importantly, Budget announcements are not law until legislation has been drafted, passed through both houses of Parliament and signed off by the Governor-General. This process may take some time, particularly given the level of detail still required around many of the proposed measures.

It is also worth noting that the Federal Opposition has indicated it may repeal some or all of these proposed measures should there be a change of government.

For this reason, we strongly encourage clients not to rush into making significant or costly financial changes until there is greater certainty around the final legislation and its practical application.

Attached below is a summary of the proposed changes to negative gearing, which may assist clients currently considering the purchase of assets they intended to negatively gear.

We will continue to provide updates as further information becomes available. Thank you.

15/05/2026

🚨 BUDGET 🐂💩
👇 Check it out!
We’re bringing it to you bit by bit…🫦

📣 Sound on for effect! 😅

☎️ 1300728048
https://conceptaccountants.com.au/
Here to help! 🚑

09/05/2026

💝 Happy Mother's Day! 💝
To all the mums out there who have mastered the art of multitasking and chaos!
🙏♥️💕♥️🙏♥️💕♥️🙏♥️💕♥️🙏

08/05/2026

☎️ Call us on 1300 728 048 to book your appointment or to find out about other options we offer to assist you with your tax return.

30/04/2026

Proud to support little athletics!
Congratulations and well done to all participants! 👏👏👏

24/04/2026

💜Anzac Day – Saturday, April 25th 2026 💜
Millions of animals served in wartime, acting as messengers, transporters, and companions.
They carried supplies, rescued wounded, and provided comfort, often making the ultimate sacrifice.

*Dogs in Vietnam
This picture of two black Labrador dogs and their handlers was taken during 1967. The tracker dogs took part in Operation Lismore with 7th Battalion, The Royal Australian Regiment. Pictured are Private (later Lance Corporal) Thomas Douglas Blackhurst of Swansea, NSW, with his dog Justin, and Lance Corporal Norman Leslie Cameron of Kingston, South Australia, with Cassius. The dogs were responsible for locating Vietcong fighters and some enemy installations. Lance Corporal Blackhurst was killed in action on April 17, 1971 while serving with the Australian Army Training Team Vietnam.

*From the taken from the Daily Telegraph – Thursday 23rd 2026

12/04/2026

👾 🤑 LEGO - A VALUABLE ASSET! 🤑👾
Do you have any Lego at home?
It could be worth more than you think!
Read this VERY interesting article to find out more!

Opportunistic thieves and gangland professionals alike have discovered a new way to cash in, launder dirty money, and hide their assets using Lego.

08/04/2026

‼️⚠️ PUBLIC ANNOUNCEMENT ⚠️‼️
The ATO is holding nearly $19 BILLION DOLLARS OF LOST SUPER!!
👉And some of it could be yours…

Have you;
✅ Changed jobs?
✅ Moved address?
✅ Lived overseas?
✅ Changed super funds?

▪️If you answered yes to any of the above questions then you could be one of the 7 MILLION PEOPLE! who’s lost super money is sitting with the ATO waiting to be claimed!

▪️Important fact- the ATO will NOT contact you to advise that they are holding your funds!

▪️Log onto the ATO website myGov Super Health Check to determine if you have funds belonging to you or..

▪️We can assist (our clients) with locating lost super - call our office and speak to one of our team members who will be happy to help!

☎️ Call us on 1300728048
if you require assitance.