Southern Star Advisory

29/06/2026

15/06/2026

🎉 TRADESPACE APPLICATIONS ARE NOW OPEN! 🎉

Be part of the excitement at the Whittlesea Show on 7th & 8th November 2026!

Whether you're showcasing handmade goods, local products, services, food, or unique market offerings, now is the time to secure your spot.

👉 Click the link below or scan the QR code to submit your application: https://localstalls.com/au/application/634a7747-0732-4cf5-a992-7909e68bd3a1?utm_source=chatgpt.com

Don't miss the opportunity to connect with thousands of visitors across this fantastic two-day community event!

📅 Whittlesea Show
🗓️ 7–8 November 2026

📧 All tradespace enquiries: [email protected]

25/05/2026

Well it’s almost that time of the year again!

July and August appointments are now available!

Daytime, evenings and Saturdays- we offer appointments to suit your schedule. Either in person in Wallan or via zoom the choice is yours.

Please reach out via messenger or phone to secure your appointment to avoid disappointment.

13/05/2026

Budget Night 2026!

Key points at a glance:

CGT discount replaced — from 1 July 2027, the 50% CGT discount is replaced with cost base indexation plus a 30% minimum tax on real gains. Applies to all CGT assets including pre-1985 assets, with gains accrued before 1 July 2027 grandfathered. Investors in eligible new builds can elect either system, and income support recipients are exempt from the 30% minimum tax.

Negative gearing limited to new builds — from 1 July 2027, losses on established residential property acquired after 7:30pm AEST 12 May 2026 can only be deducted against rental or residential property capital gains income. Properties held (or under contract) before that time are grandfathered.

30% minimum tax on discretionary trusts — from 1 July 2028, with exemptions for unit and widely-held trusts, complying super funds, special disability trusts, deceased estates and charitable trusts. Primary production income, certain vulnerable minor income, and income from existing testamentary trust assets are also excluded. Three-year rollover relief from 1 July 2027 to assist restructuring.

$20,000 instant asset write-off made permanent — for small businesses with turnover up to $10 million, from 1 July 2026.

Loss carry-back reinstated — companies with global turnover under $1 billion can carry losses back two years, from 1 July 2026. Separately, loss refundability for start-ups (turnover under $10 million, first two years of operation) from 1 July 2028.

$1,000 instant tax deduction — from the 2026–27 income year, individuals can claim a flat $1,000 for work-related expenses without itemising (charitable donations and professional memberships still claimable on top).

Working Australians Tax Offset — a new $250 permanent tax offset for income from work, from the 2027–28 income year, lifting the effective tax-free threshold to $19,985 (or $24,985 with LITO).

Send a message to learn more

26/04/2026

Thank you to everyone who has chosen to support me and my family by supporting our small business! Much love to you all!

08/04/2026

When you get to attend the wedding of beautiful people who are not only clients but also friends! Congratulations Mr and Mrs Keys.

04/04/2026

Wishing everyone a very happy and safe Easter.

19/03/2026

New AML rules are coming into effect from 1 July 2026. What does this mean for us?

Accountants will be legally obliged to ask for more information when undertaking certain tasks and engagements with our clients.

Please be aware that this might mean asking for information that we haven’t asked for in the past even if we are undertaking an engagement we have previously done for you.

Also our business clients will all be receiving new engagement letters from our office over the next few months- this does not change anything we have previously done it simply adds the additional legal processes to our agreements.

As always if you have any questions please feel free to contact me.