Krystal Advisory

20/10/2026

With the tax return deadline fast approaching, millions of Australians are still yet to lodge their tax returns.

Missing the deadline may result in penalties and interest charges from the Australian Taxation Office (ATO), so a little planning now can help you avoid unnecessary costs later.

Aussies who miss the deadline could be in line for a hefty fine, plus interest, from the tax office.

17/10/2026

📢 Foreign Resident CGT Changes from 1 October 2026

17/10/2026

📢 Foreign Resident CGT Changes from 1 October 2026

New changes to Australia’s Foreign Resident Capital Gains Tax (CGT) regime will take effect from 1 October 2026.

These changes may affect foreign resident clients disposing of Australian assets, including real property and certain interests in Australian entities.

🔹 Key changes include:

• A new definition of real property under Commonwealth law
• The principal asset test will change from a point-in-time test to a 365-day testing period
• New requirements for certain vendor declarations involving disposals of $50 million or more
• Purchasers must consider whether a vendor declaration remains reliable before settlement
• A temporary 50% CGT discount will apply to eligible non-individual foreign residents disposing of certain renewable energy assets

📌 What does this mean for tax professionals?

Foreign resident clients with Australian property or investments may need their CGT position reviewed before a disposal.

Need help with your CGT or tax obligations?

Contact Krystal Advisory for professional accounting and tax assistance.

📞 0272486747
✉️ [email protected]
🌐 www.krystaladvisory.com.au

Accounting | Taxation | BAS | Business Advisory

15/10/2026

🏡 Holiday Home Changes from 1 July 2026

For holiday homes, deductions for ownership and use expenses may depend on whether the property is mainly used, or held mainly for use, to produce rental income.

This includes considering:

• How the property is used
• How long it is available for rental
• Private use by the owner, family or friends
• Availability for rental during peak periods such as school holidays and public holidays

📌 Keeping accurate records helps ensure your rental property claims are prepared correctly.

Need help with your rental property tax return?

Contact Krystal Advisory for professional accounting and tax assistance.
📞 0272486747
✉️ [email protected]
🌐 www.krystaladvisory.com.au

Accounting | Taxation | BAS | Business Advisory

15/10/2026

🏡 Holiday Home Changes from 1 July 2026

15/10/2026

📢 Rental Property Tax: ATO Reminder

14/10/2026

📢 Rental Property Tax: ATO Reminder

The ATO is reminding property owners to make sure their rental income and expenses are correctly reported.

The ATO has identified cases where rental income reported over multiple years is significantly lower than the expenses claimed.

🔹 What we review as tax professionals

When reviewing a client's rental property, we consider:

• Rental income and expenses reported in the tax return
• How the property was used during the relevant period
• Periods when the property was rented, privately used or rented below commercial rates
• Supporting records for rental income and deductible expenses

Need help with your rental property tax return?
Krystal Advisory can assist with reviewing your rental income, expenses and tax obligations.

📞 0272486747
✉️ [email protected]
🌐 www.krystaladvisory.com.au

Accounting | Taxation | BAS | Business Advisory

26/09/2026

A Fresh Start for Your Business : Is Your Business on Track?

25/09/2026

A Fresh Start for Your Business : Is Your Business on Track? 📊

Spring is a great time for a fresh start. It’s also a good opportunity to review your business processes and make sure everything is on track.

1. Review your business structure
Make sure your business structure and registrations are appropriate for your business and understand the tax and reporting obligations that apply.

2. Keep accurate records
Maintain records of your business income and expenses, including receipts and invoices. Make sure any business and private expenses are correctly separated.

3. Stay on top of your obligations
Regularly review your business turnover and keep up to date with GST, BAS and other tax obligations that may apply to your business.

4. Protect your business
Review your security settings and stay alert to scams to help protect your business and financial information.

5. Address issues early
If you discover an error in your records, reporting or payments, addressing it early can help prevent further issues.

📋 Good business habits help keep your records organised, your obligations on track and your business ready for the year ahead.

Need help with your accounting or tax obligations?

Contact Krystal Advisory.
📞 0272486747
✉️ [email protected]
🌐 www.krystaladvisory.com.au

Accounting | Taxation | BAS | Business Advisory

14/09/2026

Upcoming FBT Changes from 1 April 2027