Presidio Partners

Presidio Partners is acknowledged as an innovative boutique accounting firm, that provides exceptional professional services to clients, through considered advice and planning.

💼 Working More Than One Job? Don't Let Tax Time Catch You Out.Whether you're juggling multiple jobs, earning extra incom...
12/08/2026

💼 Working More Than One Job? Don't Let Tax Time Catch You Out.

Whether you're juggling multiple jobs, earning extra income from a side hustle, or driving for a rideshare app, it's important to understand how your tax is being withheld.

⚠️ A common mistake is claiming the tax-free threshold from every employer. While it may mean more money in your pocket during the year, it could also leave you with an unexpected tax bill when you lodge your return.

Here's how to stay on track:
✅ Generally, only claim the tax-free threshold from your main employer.
✅ Set aside money if you earn income where tax isn't automatically withheld.
✅ If you have a HECS/HELP loan, let each employer know so the correct amount is withheld.

A little planning now can help you avoid an unwelcome surprise at tax time.

💡 Unsure if you're paying the right amount of tax? The team at Presidio Partners can help you get it right.

🚨 Tax Hacks? Think Twice.If you're getting tax advice from social media, AI or a well-meaning friend, be careful. The AT...
03/08/2026

🚨 Tax Hacks? Think Twice.

If you're getting tax advice from social media, AI or a well-meaning friend, be careful. The ATO has warned it's keeping a close eye on incorrect claims this tax time.

👀 This year's focus includes:
✅ Work-related expenses – You can only claim expenses that are directly related to earning your income, you paid for yourself, and you have records to support.
✅ All income must be declared – This includes side hustles, rental income, bank interest and other earnings. The ATO's data-matching systems make it easier than ever to spot missing income.

⚠️ Remember: You're responsible for what's in your tax return—even if the advice came from social media, AI or someone you trust.

The good news? There are plenty of legitimate deductions available if you know what you're entitled to claim.

💡 Before you lodge, speak with the team at Presidio Partners. We'll help you maximise your refund while keeping your return accurate and ATO-compliant.

⏳ Thinking of lodging your tax return early? You might want to wait.You may be tempted to lodge your tax return early in...
29/07/2026

⏳ Thinking of lodging your tax return early? You might want to wait.

You may be tempted to lodge your tax return early in the new financial year to tick that job off the list, or to chase a refund to help with cost of living pressures. However, the ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes, but patience and taking time to get all your financial information together usually leads to a smoother result.

✅ Waiting until later in July onwards gives your return the best chance of being pre-filled with the correct information, helping you avoid delays, amendments and unnecessary stress.

While you wait, you can:
✔️ Check your bank and contact details are up to date.
✔️ Gather your receipts and records.
✔️ Review the deductions you may be entitled to.
✔️ Download the ATO app to keep track of your tax information.

💡 Even when your return is pre-filled, always check the information against your own records before you lodge.

Need help getting your tax return right the first time? The team at Presidio Partners is here to help.

📱 Getting Financial Advice from Social Media? Read This First!Social media can be a great place to learn about money, bu...
22/07/2026

📱 Getting Financial Advice from Social Media? Read This First!

Social media can be a great place to learn about money, but not everything you see is accurate—or legal.

ASIC has recently warned several "finfluencers" for allegedly providing unlicensed financial advice, reminding Australians to think carefully before acting on online investment tips.
🚩 Watch out for red flags like:
• Promises of guaranteed or risk-free returns
• Pressure to invest quickly
• "Get rich quick" claims
• Investment recommendations without knowing your personal situation
• Content that ignores the risks
Remember, what works for someone else may not be right for you. Your income, goals, family situation and risk tolerance all play a part in making good financial decisions.
💡 Use social media as a source of general education—not personalised financial advice. Before making important financial decisions, speak with a qualified professional who understands your circumstances.

Need advice you can trust? The team at Presidio Partners is here to help. Get in touch with the Presidio Partners team today!

💡 Tax Deductions vs Tax Offsets – What's the Difference?With recent Budget announcements introducing a proposed $1,000 s...
15/07/2026

💡 Tax Deductions vs Tax Offsets – What's the Difference?

With recent Budget announcements introducing a proposed $1,000 standard work-related deduction and a $250 Working Australians Tax Offset, it's a great time to understand how these two tax benefits actually work.

✅ Tax deductions reduce your taxable income. The amount you save depends on your tax rate.
✅ Tax offsets reduce the tax you owe, dollar for dollar, making them potentially more valuable.
For example:
• A $1,000 deduction could save you between $160 and $450, depending on your income.
• A $250 tax offset reduces your tax bill by the full $250 (provided you have enough tax payable).
⚠️ Keep in mind these Budget measures are proposed for future financial years and won't apply to your current tax return.
Not sure what deductions or offsets you're entitled to? We're here to help you maximise your tax position and make sure you don't miss out.

📞 Get in touch with the Presidio Partners team today.

💼 Federal Budget: Business tax relief announcedThe latest Federal Budget includes a range of proposed measures aimed at ...
08/07/2026

💼 Federal Budget: Business tax relief announced

The latest Federal Budget includes a range of proposed measures aimed at helping businesses invest, grow and plan with greater certainty.

📌 Key highlights include:
✅ The $20,000 instant asset write-off is set to become permanent for eligible small businesses (turnover under $10 million)
✅ Tax loss carry-back rules to return for eligible companies from 1 July 2026
✅ Proposed changes to FBT concessions for electric vehicles, phased in over coming years
✅ Enhanced R&D Tax Incentive from 1 July 2028 to encourage innovation
✅ Optional monthly PAYG instalments for small and medium businesses from 1 July 2027
✅ Proposed changes to discretionary trust taxation from 1 July 2028
While many of these measures are still subject to legislation and won't take effect immediately, they could have a significant impact on business tax planning.

📞 If you'd like to understand how these proposed changes may affect your business, get in touch with our team.

💰 Federal Budget Update: Personal tax relief on the way!The 2026–27 Federal Budget includes several proposed tax changes...
01/07/2026

💰 Federal Budget Update: Personal tax relief on the way!

The 2026–27 Federal Budget includes several proposed tax changes that could affect individuals and investors over the coming years.

📌 Key highlights:
✅ A new $250 Working Australians Tax Offset (WATO) from 1 July 2027
✅ Previously announced personal income tax cuts remain on track
✅ Proposed changes to Capital Gains Tax (CGT) from 1 July 2027
✅ Superannuation remains largely unchanged, with complying super funds continuing to receive concessional tax treatment on long-term capital gains
✅ Proposed changes to discretionary trusts and negative gearing from 1 July 2027
While many of these measures are still proposed and won't take effect immediately, they could have a significant impact on future tax and investment strategies.
📞 If you're wondering how these changes could affect your personal finances or investments, we're here to help you plan ahead.

01/06/2026

Thankyou for your patience everyone!
The phones are up and running again 🙏

01/06/2026

Good morning everyone!
Please note that our phones are currently not working due to technical difficulties.
Please email [email protected] if you wish to reach out to us at this time.
Apologies for any inconvenience this has caused to anyone.

💰 Payday super is coming — and cash flow planning will be criticalFrom 1 July 2026, employers must pay super every payda...
26/05/2026

💰 Payday super is coming — and cash flow planning will be critical

From 1 July 2026, employers must pay super every payday instead of quarterly, with contributions needing to reach employee funds within 7 business days.

⚠️ July 2026 could create a major cash flow squeeze for businesses because employers may need to:
• Pay the final quarterly super payment for April–June by 28 July 2026
AND
• Start making payday super payments for July payrolls at the same time

📌 Key things to know:
• Super paid late for the June quarter may trigger the Super Guarantee Charge
• Contributions must reach funds by 30 June 2026 to remain tax deductible for the 2025–2026 year
• The new rules mean payment timing becomes more important than ever

✅ The ATO recommends reviewing your July 2026 pay cycles now and planning ahead for the transition.

Businesses that prepare early will be in a much stronger position when payday super begins.

Need help reviewing your payroll processes or cash flow planning? We’re here to help.

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Lvl 2, 222 Pitt Street
Sydney, NSW
NSW

Telephone

+61292831777

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