Action Tax Services

21/07/2026

🎙️ Tax Tips with Stacey – Tune in today at around 1:30pm!

It’s Tax Time, so we’re busting some of the biggest tax myths we hear every year.

We’ll cover:
👍The truth about the “$300 deduction” and the new $1,000 instant deduction.
🤌Why your accountant can’t just “claim anything.”🤜Working from home claims.
🙌Vehicle, uniform, mobile phone and internet deductions.
🤘Cryptocurrency, cash income and online selling.
🫶Bank interest and why lodging too early can be risky.
👏Why spending more doesn’t automatically mean a bigger refund.

Don’t let tax myths cost you money- or attract unwanted ATO attention.

📻 Tune in around 1:30pm for practical, up-to-date tax tips to help you lodge correctly and maximise the deductions you’re legally entitled to.

💬 Have a tax question? Send it through and we might answer it on air!

18/07/2026

New Financial Year. New Rules. Are You Ready?

From 1 July, there are important changes that every employer and business owner should be aware of.

1. Same Day Super is Here
Employers are now required to ensure superannuation is paid at the same time employees are paid, replacing the traditional quarterly payment approach. This means businesses need to have payroll processes and cash flow aligned to meet these new obligations.

2. New Anti-Money Laundering (AML) Rules
Australia’s AML/CTF reforms are expanding to include more professional service providers, including many accounting firms. As a result, you may be asked to provide additional identification and information as part of new client verification and compliance requirements.

What does this mean for you?
• Review your payroll processes to ensure super is being paid correctly.
• Be prepared for enhanced identity verification when dealing with your accountant and other professionals.
• Stay informed to avoid unnecessary compliance issues.

At Action Tax Services, we’re here to help you navigate these changes with confidence.

📞 07 4941 7620
🌐 www.ataxs.com.au

Need advice? Contact our team today.

15/07/2026

Tune in for Tax Tips with Stacey on 4RFM!
https://4rfm.com.au/

30/06/2026

✨ Happy End of Financial Year! ✨

As we wrap up another financial year, we’d like to thank all of our valued clients for your continued trust and support.

Whether you’ve been growing your business, investing for the future, or simply keeping everything on track, we’re grateful to have been part of your journey.

A new financial year brings fresh opportunities, and we look forward to continuing to help you navigate the year ahead with confidence.

From everyone at Action Tax Services, thank you for choosing us. We wish you a successful and rewarding 2026–27 financial year.

Happy EOFY!

12/06/2026

Wow.. check out all the changes for businesses from 1 July 2026.

⭐️Business name and company fee changes increase.
⭐️ National minimum wage will increase by 4.75%.
⭐️ Payday super will start.
⭐️ The Small Business Super Clearing House is shutting down.
⭐️ SMS sender ID register.
⭐️ Country of origin labelling for seafood.
⭐️ New AML/CTF laws.
⭐️ Parental Leave Pay extended to 26 weeks.
⭐️ Patent reminder changes.
⭐️ Instant asset write off will be permanent.

Make sure you’re across all the changes: https://business.gov.au/news/changes-for-businesses-from-1-july-2026

There will be changes to the National Minimum Wage, registration fees, superannuation, labelling seafood and sending marketing messages for business owners from 1 July 2026.

10/06/2026

Today, The High Court of Australia handed down its decision in Commissioner of Taxation v Bendel, with the court ruling in favour of the taxpayer.

“This ruling brings long‑awaited judicial certainty to an area of trust taxation that has been the subject of significant controversy and compliance activity for more than a decade,” says Julie Abdalla, Head of Tax & Legal at The Tax Institute.

Isn’t the timing interesting?

The proposed trust tax changes would see trustees pay tax at 30%, with individual beneficiaries receiving a credit for that tax to prevent double taxation.

However, that same credit does not appear to flow through to corporate beneficiaries (bucket companies). The result? Trust income could effectively be taxed at 30% in the trust and then again at 30% in the bucket company.

Then, not long after the taxpayer victory in the Bendel case reaffirmed the long-standing use of unpaid present entitlements and bucket company arrangements, we see proposed changes that could significantly reduce the effectiveness of those same structures.

Coincidence?

Perhaps. But it’s certainly remarkable timing.

After decades of accepted trust planning, the combination of the Bendel outcome and the proposed trust tax measures raises an obvious question: is this simply tax reform, or a deliberate move away from bucket company strategies altogether? 🤨

28/05/2026

ASIC warning ! Don’t get caught out!

Unsolicited ‘business name’ renewals and ‘company review’ notices…

As a marketing ploy.. Allegedly impersonating ASIC and (often considered to be) misleading and deceptive conduct!

This has ben happening for DECADES - sole traders, small businesses and small business directors being unwittingly caught paying additional unnecessary fees to third parties.

We’re delighted to see ASIC has now issued a warning to business owners about this conduct.

Share this with your business friends.. Don’t let them get caught out by these unnecessary fees.

Small business owners shouldn’t be permitted to be preyed upon by these opportunistic practices.

If you are ever unsure.. we can assist you!

ASIC link below:-
https://www.asic.gov.au/about-asic/news-centre/news-items/unsolicited-business-name-renewal-and-company-review-notices/

12/05/2026

Five things you need to know about the 2026–27 Federal Budget 👇

🏠 Housing tax reform

- The 50% Capital Gains Tax discount replaced from next year with a discount based on inflation and a minimum 30% tax rate on capital gains.

- From July 2027, Negative gearing limited to new homes, with existing investments grandfathered.

- $2 billion allocated for power, roads and drainage to support new housing developments.

⛽ Fuel security

- $14.8 billion committed to a fuel resilience package to secure fuel and fertiliser supplies.

- $3.2 billion to establish a permanent fuel security reserve.

- 20% of gas exports to be reserved for domestic use.

💼 Australian workers

- More than 13 million workers will receive a $250 Working Australian Tax Offset from 2027-28 income year.

🛡️ New spending

- An additional $53 billion for defence over the next decade, lifting spending to 3% of GDP.

- $25 billion for public hospitals and $5.9 billion to expand medicines listed on the PBS.

✂️ Spending changes

- $37.8 billion in savings from the NDIS over the next 4 years.