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Taxwise Australia

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Taxwise Australia

Helping you pay less tax! We have an ongoing commitment to deliver a personalised and flexible service that allows us to save you time & money.

When Taxwise Tax Accountants prepare your tax returns this year, you will benefit from our extensive tax knowledge after our 42 years as Perth’s most experienced professional specialists in MOBILE tax returns. We meet with you at your home or place of business so we can better understand your lifestyle and specific business & tax needs. This ensures you don’t miss out on any opportunities to maxim

ise your tax savings. Because we come to you, we’re also ensuring your personal & confidential records remain secure. Taxwise Tax Accountants will also be there for you all year round not only to assist with your tax preparation, but to guide you through your tax planning and ongoing tax affairs when you and your business need it most. Visit our website (www.taxwiseaustralia.com.au) to find out more or give us a call on (08) 9248 8124 to discuss your situation and obtain your obligation FREE quote for our services. And remember - all our fee's are 100% Tax Deductible, so the ATO is subsidising the entire costs for us to manage your Tax Affairs!

29/05/2026

🎆 𝗪𝗔 𝗗𝗮𝘆 𝗛𝗼𝗹𝗶𝗱𝗮𝘆 𝗡𝗼𝘁𝗶𝗰𝗲 🎆

Taxwise will be closed on Monday 1st June for WA Day.

We’ll be back to help with all things tax from Tuesday 2nd June.

We hope you have a safe and relaxing long weekend and enjoy celebrating everything that makes Western Australia special!

26/05/2026

📝 𝗪𝗵𝗮𝘁 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗕𝘂𝗱𝗴𝗲𝘁 - 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗚𝗮𝗶𝗻𝘀 𝗧𝗮𝘅 (𝗖𝗚𝗧) 𝗮𝗻𝗱 𝗡𝗲𝗴𝗮𝘁𝗶𝘃𝗲 𝗚𝗲𝗮𝗿𝗶𝗻𝗴 𝗥𝗲𝗳𝗼𝗿𝗺𝘀 📝

The 2026–27 Federal Budget introduces significant changes to investment taxation that may impact existing and future investment strategies for individuals, trusts, and partnerships.

🔹 Capital Gains Tax (CGT) Changes – Effective 1 July 2027

The current 50% CGT discount will be abolished and replaced with cost base indexation linked to CPI.

In addition, a minimum 30% tax rate will apply to realised capital gains.

These reforms will apply to CGT assets held for at least 12 months, including:

• Investment properties
• Shares
• Managed investments
• Other capital assets

Importantly, the following concessions remain unchanged:

• Main residence exemption
• Small business CGT concessions

🔹 Transitional Arrangements

For assets acquired before 1 July 2027 and sold after that date:

• The existing 50% CGT discount will still apply to gains accrued up to 1 July 2027
• Transitional asset values can be determined using ATO-approved valuation methods or prescribed formulas

🔹 Negative Gearing Changes

From 1 July 2027, negative gearing deductions will be limited to newly constructed residential properties only.

Properties held at 7:30pm AEST on 12 May 2026 will retain current negative gearing treatment until disposal under grandfathering provisions.

For established residential properties acquired after 12 May 2026:

• Rental losses can only offset other residential investment income
• Excess losses must be carried forward to future property income years

Commercial property, shares, and other investment assets remain unaffected.

If you would like to discuss how these changes may affect you, please contact our team.
💬 Send us a message!
📞 Call us: (08) 9248 8124
💻 Book a callback: https://www.taxwiseaustralia.com.au/bookings/

22/05/2026

📢 𝗔𝗧𝗢 𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿: 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗠𝘂𝘀𝘁 𝗕𝗲 𝗥𝗲𝗽𝗼𝗿𝘁𝗲𝗱 📢

If you receive government payments for delivering services under a Commonwealth program — such as healthcare, disability support, aged care, or child care — it’s important to make sure your tax obligations are up to date.

The ATO is reminding taxpayers that these payments must be:

✔️ Properly recorded
✔️ Correctly reported in your tax return

The ATO has also advised that it is contacting taxpayers and tax agents to ensure income received from programs like the Aged Care Subsidy and the National Disability Insurance Scheme (NDIS) is being reported accurately.

With updated data-matching systems now in place, the ATO is increasing its focus on identifying missing or incorrectly reported income.

If you’re unsure whether certain payments need to be included in your tax return, it’s always best to check before lodgement.
💬 Send us a message!
📞 Call us: (08) 9248 8124
💻 Book a callback: https://www.taxwiseaustralia.com.au/bookings/

19/05/2026

💼 𝗘𝗢𝗙𝗬 𝗧𝗮𝘅 𝗧𝗶𝗽𝘀 – 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗗𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻𝘀 💼

When it comes to EOFY tax planning, good old-fashioned work-related expenses can make a real difference to your refund.

Thinking about replacing those worn-out work boots? Need to stock up on stationery, pay for that overdue course, or settle a work-related invoice?

If it’s something you genuinely need for work and were planning to purchase anyway, now could be the right time to do it.

To claim a work-related deduction:
✔️ You paid for it yourself
✔️ You weren’t reimbursed by your employer
✔️ It directly relates to earning your income
✔️ You have proof, like a receipt

If something is used for both work and personal purposes, only the work-related portion can be claimed.

If your employer reimbursed you, unfortunately it’s not deductible.

The ATO may contact employers to verify claims, so accuracy is key.

15/05/2026

📣 𝗕𝗔𝗦 𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿! 📣

If your business lodges monthly, your April 2026 BAS is due on 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆 𝟮𝟭𝘀𝘁 𝗠𝗮𝘆 𝟮𝟬𝟮𝟲⏰

✅ Lodge on time
✅ Pay what’s owing
✅ Avoid ATO penalties

Don’t leave it to the last minute. We can help make it stress-free!

📞 Call us: (08) 9248 8124
💻 Book a callback: https://www.taxwiseaustralia.com.au/bookings/

12/05/2026

𝗕𝗼𝗼𝘀𝘁 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀: 𝗘𝗢𝗙𝗬 𝗧𝗮𝘅 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 & 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗦𝗲𝘁𝘂𝗽 𝗗𝗲𝗮𝗹𝘀!

With 30th June approaching, now is the time to review your tax position and take advantage of opportunities before the financial year ends.

Effective tax planning helps you maximise deductions, reduce unnecessary tax, and avoid last-minute surprises.

Here are some practical EOFY strategies to consider:

𝟭. 𝗧𝗮𝘅 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴: 𝗬𝗼𝘂𝗿 𝗙𝘂𝘁𝘂𝗿𝗲 𝗣𝗼𝘄𝗲𝗿 𝗠𝗼𝘃𝗲𝘀

Tax planning is more than year-end compliance. It’s about reviewing your position early so you can make informed decisions before 30th June.

Planning ahead helps reduce last-minute pressure and allows time to manage income, expenses, and deductions in a structured way.

Why review now?

📝 Identify opportunities: Check income, expenses, and timing strategies (such as bringing forward costs or deferring income where appropriate).
📝 Stay current: Ensure your approach aligns with up-to-date tax rules and thresholds.
📝 Be organised: Early preparation makes year-end smoother and reduces errors.

If you’d like, we can arrange a planning review to assess your position before 30th June and help ensure everything is in order.

𝟮. 𝗙𝗿𝗲𝘀𝗵 𝗦𝘁𝗮𝗿𝘁? 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗦𝗮𝘃𝗶𝗻𝗴𝘀

Setting up the right structure early can support tax efficiency, asset protection, and long-term growth.

If you’re considering a company, trust, or both, now is a good time to get it in place.

📝 New Company Setup — $1,199
📝 New Trust Setup — $599
📝 Company + Trust “Power Package” — $1,699

Our setup services includes structure advice tailored to your situation, ASIC company registration, constitutions & secretarial packs, ABN, TFN & GST registration, and trust deed establishment (discretionary or unit trust).

ASIC fees included. All pricing is all-inclusive.

EOFY is a busy period. Planning ahead helps you make informed decisions instead of rushed ones.
💬 Send us a message!
📞 Call us: (08) 9248 8124
💻 Book a callback: https://www.taxwiseaustralia.com.au/bookings/

10/05/2026

🩷 𝗛𝗮𝗽𝗽𝘆 𝗠𝗼𝘁𝗵𝗲𝗿'𝘀 𝗗𝗮𝘆 🩷

Today we celebrate the mums, grandmothers, and mother figures who do it all; often quietly, always wholeheartedly. Whether it’s guiding, supporting, or simply being there when it matters most, your care shapes lives in ways that often go unspoken but never go unnoticed.

At Taxwise, we see firsthand how many mums are also running households, businesses, corporations, and everything in between.

Wishing all the amazing mums a well-deserved Mother’s Day filled with appreciation.

05/05/2026

💡 𝗖𝗮𝘀𝗵 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 𝗖𝗿𝗮𝗰𝗸𝗱𝗼𝘄𝗻: 𝗪𝗵𝗮𝘁 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗞𝗻𝗼𝘄 💡

The ATO is increasing its focus on businesses using cash transactions to avoid meeting their tax and employer obligations.

While cash itself is not the issue, concerns arise when it is used to conceal activity such as:

• failing to report all sales or issue receipts
• avoiding GST, income tax, PAYG withholding, superannuation, insurance and workers’ compensation obligations
• keeping income below the $75,000 GST registration threshold
• engaging workers “off the books” and not meeting award conditions or workplace protections
• undercutting compliant businesses by offering lower cash prices

These practices don’t just affect government revenue, they also create unfair competition for honest businesses doing the right thing.

The ATO also highlights the risks for workers paid cash-in-hand. Without proper reporting, workers may miss out on entitlements like superannuation and leave protections, and may not be covered if they are injured at work.

For businesses, staying compliant isn’t just about avoiding penalties, it’s about protecting your staff, your reputation, and your long-term sustainability.

01/05/2026

📊 𝗜𝗻𝘀𝘁𝗮𝗻𝘁 𝗔𝘀𝘀𝗲𝘁 𝗪𝗿𝗶𝘁𝗲-𝗢𝗳𝗳 𝗘𝘅𝘁𝗲𝗻𝗱𝗲𝗱 𝘁𝗼 𝟯𝟬 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 📊

The Government has passed legislation to extend the $20,000 Instant Asset Write-Off (IAWO) for eligible small businesses.

Businesses with an aggregated annual turnover of less than $10 million may be able to immediately deduct the business portion of eligible assets costing under $20,000, provided they are first used or installed ready for use between 1 July 2025 and 30 June 2026.

The threshold applies on a per asset basis, allowing multiple assets to be written off. The measure also applies to both new and second-hand assets, subject to certain exclusions.

This extension presents an opportunity for businesses to invest in assets while managing cash flow and tax outcomes effectively.

If you would like to understand how this applies to your business, it may be worth reviewing your plans ahead of the 2026 deadline.
💬 Send us a message!
📞 Call us: (08) 9248 8124
💻 Book a callback: https://www.taxwiseaustralia.com.au/bookings/

Address

Unit 8/16 Kent Way, MALAGA
Perth, WA
6090

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm
Saturday	8am - 5pm
Sunday	8am - 5pm

Website

https://www.taxwiseaustralia.com.au/

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