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The Practice

We’re an integrated team of solution-based advisers that work in harmony to make your overall business and personal wealth goals a reality.

We’re driven by one overarching focus: to liberate your lifestyle. Our 'why': Liberating people's lifestyles

19/05/2026

We have been getting some great questions in our inbox lately, so we figured why not answer them here.

From EOFY preparation and tax opportunities to managing irregular income and avoiding year-end surprises, we cover it all in this one.

Have a question?
👇Drop it in the comments and we will do our best to answer it next time.

13/05/2026

Last night's Federal Budget brought what the Treasurer described as the most significant tax reform in more than 25 years.

Here's what was announced:
👉🏻 30% minimum tax on discretionary trusts (from 2028)
👉🏻 50% CGT discount replaced with indexation + 30% minimum tax (from 2027)
👉🏻 Negative gearing limited to new builds
👉🏻 Permanent $20,000 instant asset write-off for small businesses
👉🏻 EV FBT exemption phasing out from 2027
👉🏻 New $250 tax offset and $1,000 instant deduction for individuals

Most of these measures still need to pass through the Senate before they become law and the biggest changes don't start until 1 July 2027 or later.

Nothing changes tomorrow.

We've put together a full breakdown on the blog covering each measure in detail.

Read it here 👉🏻 https://www.thepractice.com.au/federal-budget-key-tax-changes/

12/05/2026

From 1 July 2026, super earnings above $3 million will attract an additional 15% tax. If you are a business owner, high-income earner, or approaching retirement with a sizeable super balance, Division 296 affects you.

📲 Save this post or share it with someone who needs to see it.

Not sure where you stand?
Speak to our team of experts today.

https://www.thepractice.com.au/

08/05/2026

30 June is just around the corner and the enquiries have been coming in.

Between EOFY tax planning, super contributions, Division 296 and more, there is a lot to address before 30 June.

Rest assured, our team is across all of it.
Need an adviser?
Reach out at thepractice.com.au

23/04/2026

The Advisory Jar is back 🫙
For episode 2, the jar landed with our Wealth Advisory team. We asked them about the conversations they have most often with clients, and what matters when it comes to building wealth over time.

Curious to know more? We’ve covered more wealth
management tips in our latest blog.
https://www.thepractice.com.au/wealth-management-tips-for-the-start-of-the-year/

🫙 Add to the jar - If you have a question for the team, drop it in the comments and we’ll add it to the jar.

📞 03 8888 4000
🌐 thepractice.com.au

17/04/2026

Ever wonder what a day at The Practice looks like?

Here’s a of Tina, our Senior Accountant

09/04/2026

Time is your most powerful asset ⏳
Start as soon as you can, and be consistent.

At The Practice, our wealth advisory team helps you build a plan that grows with you – wherever you’re starting from.

Have a question for our advisers?
Drop in below 👇🏼

Learn more about wealth management tips in
our latest blog: https://www.thepractice.com.au/wealth-management-tips-for-the-start-of-the-year/

07/04/2026

Not every tax situation is the same.

Some people can handle it themselves. Others are leaving money on the table without realising it.

With 30 June just around the corner, we’ve broken down the pros, cons and who each option is best for so you can decide which one is right for you.

At The Practice, our team works with both individuals and business owners to make sure tax time is one less thing to worry about.

Get in touch with us today.
📞 03 8888 4000
🌐 thepractice.com.au

04/04/2026

While it’s fine for your Easter eggs, it’s a different story when it comes to your portfolio.

A good financial plan spreads your wealth across different assets, so no matter what the market does, you’re protected.

At The Practice, our wealth advisory team helps you build a plan that grows with you.

🐣 Time to hatch a new financial plan? Get in touch with our team today.

Wishing you a Happy Easter from all of us at The Practice.

30/03/2026

The biggest mistake business owners make when seeking finance?
Waiting until they urgently need it.

By that stage, the business may already be under pressure. Options can be more limited, and terms may not be as favourable as they would be in a stronger trading period.

A better approach is planning ahead. Use strong trading years to put funding structures in place before they’re required. That way, funding is arranged while the business has the financial capacity to support the application.

If you would like to talk through your position, get in touch with our team today.
https://www.thepractice.com.au/

Address

Level 10, 369 Royal Parade
Parkville, VIC
3052

Website

http://thepractice.com.au/contact/

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