Key Tax Solutions

Key Tax Solutions At Key Tax Solutions we pride ourselves on knowing all our clients personally

It’s planning time! You need to take action before 30 June to possibly reduce your tax bill for the 2026 financial year....
12/05/2026

It’s planning time! You need to take action before 30 June to possibly reduce your tax bill for the 2026 financial year.
If you haven’t heard from your accountant about tax planning, give them a nudge.

A couple of things to consider:
▪️ Pay your employees superannuation before 30 June.
▪️ Consider bringing expenses forward and pre-paying them.
▪️ Review new equipment you may need and buy it prior to 30 June. Note to keep it under $20k.
▪️ Can you delay income until the next financial year?
▪️ Are you feeling charitable, make some extra donations.
▪️ Make additional superannuation contributions for yourself.

It’s best to review your overall situation and not make a decision on one deduction in isolation.

Trust is built over time, and this kind of feedback means a great deal to our team.We are grateful to have supported Jan...
05/05/2026

Trust is built over time, and this kind of feedback means a great deal to our team.

We are grateful to have supported Janelle since 2007 and truly appreciate her kind words about our service and team.

Consistency, clear communication, and a reliable approach are what we aim to deliver every day, so it is always encouraging to hear this reflected in a client’s experience.

Thank you, Janelle, for your ongoing trust and support.

One of the biggest advantages I see in well-run businesses has very little to do with turnover.It comes down to three si...
28/04/2026

One of the biggest advantages I see in well-run businesses has very little to do with turnover.

It comes down to three simple habits:

▪️ They respond to their accountant quickly, even if it is just a short reply
▪️ They send through information requested early, not once it is already urgent
▪️ They act on advice while it is still relevant, not months later

None of this is complex. That is exactly why it is often overlooked.

These small actions create a real advantage. You get clearer advice, better timing on decisions, and far fewer surprises throughout the year.

From my side, it means I can be proactive rather than reactive. From your side, it means you stay in control of your numbers instead of catching up with them.

𝐏𝐚𝐲𝐝𝐚𝐲 𝐬𝐮𝐩𝐞𝐫 𝐢𝐬 𝐡𝐞𝐫𝐞From 𝟏 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟔, employers will be required to pay Superannuation Guarantee at the same time as wag...
21/04/2026

𝐏𝐚𝐲𝐝𝐚𝐲 𝐬𝐮𝐩𝐞𝐫 𝐢𝐬 𝐡𝐞𝐫𝐞

From 𝟏 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟔, employers will be required to pay Superannuation Guarantee at the same time as wages, replacing the current quarterly system.

• The ATO Small Business super clearing house will not be available from 1 July 2026.

• Payroll systems need to be able to process super with every pay run.

• Funds need to be received in your employee’s super fund within 7 business days of wages being paid.

• Increased compliance and reporting obligations mean payroll teams, bookkeepers, and accountants must ensure accurate and timely processing.

It’s important for businesses to start considering how these changes will impact payroll processes and more importantly cash flow planning.

We have a few ideas which may help, contact us for more info.

Kristen is one of our helpful and highly skilled Chartered Accountants. She collaborates hand-in-hand with her clients t...
17/04/2026

Kristen is one of our helpful and highly skilled Chartered Accountants. She collaborates hand-in-hand with her clients to develop a supportive, long-term relationship that allows her to best meet their accounting and taxation needs.

After finishing top of her class in first-year Accounting during her Business degree at UTS, Kristen knew that she wanted to make a difference as an Accountant. Now, after completing a Graduate Diploma of Chartered Accounting and earning substantial experience working in both small and large accounting firms, she’s been with Key Tax Solutions since 2017, diligently supporting local businesses and not-for-profits.

Outside of her work, Kristen is a registered meditation teacher, hosting mindfulness and meditation classes in her spare time. She also has a deep passion for looking after the environment.

With her commitment to helping people and her dedication to learning and development, Kristen ensures that her clients always receive the support and service that they deserve.

Meet all our team members here.
https://www.keytaxsolutions.com.au/firm_profile/meet_the_team

24/03/2026

From time to time, it’s important to step back and reassess. Here’s the value that guides how we support you.

Fringe Benefits Tax, exemptions for Electric Cars.If you are thinking about buying a motor vehicle for your company, thi...
17/03/2026

Fringe Benefits Tax, exemptions for Electric Cars.

If you are thinking about buying a motor vehicle for your company, think about an electric car. Owning a motor vehicle in your company is ideal for income tax and GST savings, however it is subject to Fringe Benefits Tax (FBT).

There is an exemption to FBT for zero or low emissions vehicles. So what does this mean:
▪️ Battery electric vehicle
▪️ Hydrogen fuel cell electric vehicle
▪️ Designed to carry fewer than 9 passengers

Please note Plug-Hybrid cars are no longer exempt since 1 April 2025.

There are some cost limits, so a $300,000 Corvette E-ray is not exempt. When the car was purchased, when new, it must be below the Luxury Car Tax (LCT) threshold. Fuel-Efficient vehicles have a higher LCT limit than regular vehicles. The LCT limit for the 2025/26 financial year is $91,387.

To be eligible for an FBT exemption on an electric vehicle for 2025/26 FY your purchase needs to be below $91,387. This exemption could potentially save you $18,000 in FBT.

Please note these exemptions are not available for sole traders and partnerships. If you salary package an electric car with your employer, the Fringe Benefit (not the tax) you receive will still be reported on your annual income statement (PAYG payment summary). It’s called a Reportable Fringe Benefit (RFB).

We had a new client (George) engage with us as they were having difficulties getting in touch with their accountant. Geo...
10/03/2026

We had a new client (George) engage with us as they were having difficulties getting in touch with their accountant. George’s telephone calls were not being answered or returned. None of George’s emails were ever replied to and other business associates who knew the accountant could not get in touch with them either.

Not only was their accountant not proactive, they weren’t even reactive. As a result, George didn’t know what to do and ended up being behind 3 years in his business tax returns. What was worse, his SMSF was behind 5 years.

Your accountant needs to be available when needed and should have a solid grasp of the issues affecting your business. Otherwise they can not provide the assistance you require.

Changing an accountant can be difficult. Sometimes it's better the devil you know and not having to trust a new devil. We aren’t all devils, some of us can be considered angels.

You are in charge of your business and finance. So take charge, if you are not getting the results you need, ask for a referral to someone new.

Thank you, Neil, for your trust and loyalty over the past 12 years.It has been a privilege to support you across both yo...
03/03/2026

Thank you, Neil, for your trust and loyalty over the past 12 years.

It has been a privilege to support you across both your business and personal tax matters. We are committed to providing clear advice, being accessible when questions arise and ensuring everything is handled efficiently.

Long term partnerships are built on reliability and trust. We appreciate your recommendation and the confidence you continue to place in our team.

If you are looking for a tax adviser who is responsive, strategic and invested in your success, feel free to reach out to our team.

24/02/2026

Ever wondered how capital gains tax works inside a Self Managed Superannuation Fund.

What happens if you hate your Accountant?Do you avoid communication with your accountant? Do you hate reaching out and t...
17/02/2026

What happens if you hate your Accountant?

Do you avoid communication with your accountant? Do you hate reaching out and trying to get answers to your questions? We had a client who absolutely hated their accountant. They actually didn’t want to see them or speak to them at all. They sent them their paperwork each year, had their accounts complete, and that was it. They did this for over 5 years.

The thought of making a change was overwhelming and seemed too hard!

Do you want to have a working relationship with your accountant, rather than just compliance each year? We want you to feel that you can pick up the phone anytime and speak to someone on our team to help.

You will also have a far better understanding of your business’s performance when you are regularly touching base with us, rather than just once a year.

If you are thinking of making a change, you won’t need to advise your current accountant. We take care of all of that for you.

Get in touch with us to discuss.

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Shop 2, 78 Cahors Road
Padstow, NSW
2211

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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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