Y&S Accounting Brisbane

New financial year, new tax rates.

From 1 July 2026, the Australian tax brackets have changed - and this time, it means more money in your pocket. The 16% bracket now applies up to $18,200-$45,000, the 30% rate covers $45,001-$135,000, and the 37% rate kicks in from $135,001-$190,000.

What does this actually mean for you? If you earn $90,000, you could pay around $1,350 less in tax this year compared to last year.

We have broken down every bracket, rate, and threshold in our latest guide - including the Medicare levy changes and HELP repayment updates you need to know about.

Read the full breakdown on our blog (link in comments).

The 2026-27 Federal Budget is the biggest shake-up to Australian tax in over 20 years. Whether you're a property investor, a small business owner, or you hold investments through a family trust — these changes will affect you.

Key measures:

🔹 The 50% CGT discount is being replaced with cost base indexation from 1 July 2027, with a 30% minimum tax on capital gains
🔹 Negative gearing for established residential property will be restricted to new builds only — but existing investments are grandfathered
🔹 Discretionary trusts will face a 30% minimum tax from 1 July 2028
🔹 A new $250 Working Australians Tax Offset arrives in 2027-28
🔹 The $20,000 instant asset write-off is now permanent for small businesses
🔹 The FBT exemption for electric vehicles is transitioning to a 25% discount

We've published a comprehensive guide covering every major measure, the key dates, and what you should be doing now to prepare.

Read the full article: https://www.taxbne.com.au/blog-posts/2026-27-federal-budget-tax-changes

Questions about how this affects your situation? Email us at [email protected]

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Create your free account at app.taxbne.com.au (or DM PORTAL and we’ll send the link).

Do I need to lodge a tax return if I only worked part of the year in Australia?

This is one of the most common questions we hear from new migrants and temporary residents.

Generally, if you earned income in Australia during the financial year, you’re still required to lodge a tax return — even if:
• you arrived part way through the year
• you worked casually or short term
• you changed visas
• you left Australia before 30 June

A common mistake is assuming low income or leaving Australia means nothing needs to be done. In many cases, the ATO still expects a lodgement or a formal non-lodgement advice.

Not addressing this properly can lead to ATO reminders, penalties, or issues later — including when applying for future visas.

If you’re unsure, get clarity before lodging (or not lodging).
👉 Book an appointment using the link in our bio.

This is general information only and does not take into account your personal circumstances.

NewToAustralia

✨Part-Time Accountant (Portuguese Speaker)
📍Location: Brisbane
⭐ Y&S Accounting is an accounting firm that provides accounting and financial services in Melbourne, Sydney, Adelaide and Brisbane.

We are seeking a dynamic and skilled accountant to join our Brisbane team. The successful candidate will be responsible for managing financial records, preparing tax returns, and ensuring compliance with Australian tax regulations.

✨Requirements:
✅Bachelor's degree in Accounting or related field. Preferably with accounting courses in Australia
✅Fluent in Portuguese and proficient in English (written and spoken).
✅Minimum of 2 years of accounting experience.
✅Proven experience with tax return preparation in Australia may be preferred.
✅Proficiency with accounting software, particularly Xero (experience with other software is a plus).
✅Must have working rights
👉🏻Only eligible and shortlisted candidates will be contacted
👉🏻If you are interested please send us your CV at: [email protected]

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🇦🇺 🔍 Why hire a Tax Agent in Australia? 🔍

Hiring a Tax Agent can save you time, stress, and money.

A Tax Agent ensures you are compliant and takes advantage of all possible deductions.

📅 If you're interested in getting help from a Tax Agent, send us a message or easily book your appointment through our website.


🇨🇴 🔍 ¿Por qué contratar un Agente de Impuestos en Australia? 🔍

Contratar un Agente de Impuestos puede ahorrarte tiempo, estrés y dinero.

Un Agente de Impuestos asegura que cumplas con la normativa y aproveches todas las deducciones posibles.

📅 Si estás interesado en recibir ayuda de un Agente de Impuestos, envíanos un mensaje o agenda tu cita fácilmente a través de nuestro sitio web.


🇧🇷 🔍 Por que contratar um Agente Fiscal na Austrália? 🔍

Contratar um Agente Fiscal pode te economizar tempo, estresse e dinheiro.

Um Agente Fiscal garante que você esteja em conformidade e aproveite todas as deduções possíveis.

📅 Caso tenha interesse em ter ajuda de um Tax Agent, mande uma mensagem ou agende seu atendimento facilmente pelo nosso site.

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🇨🇴 Si estás dejando Australia de manera permanente, podrías tener derecho a reclamar tu reembolso de Superannuation. Es muy importante iniciar el proceso antes de irte, para evitar más burocracia y costos.

Nuestro equipo está disponible para explicarte todos los detalles. Solo tienes que agendar una cita en nuestro sitio web.

Lo más importante si deseas reclamar:
- Tener los documentos necesarios listos.
- Verificar la validez de tu visa.
- Mantener tu cuenta bancaria australiana activa hasta recibir el reembolso.


🇧🇷 Se você está deixando a Austrália de forma permanente, pode ter direito a resgatar seu Superannuation. Porém, é fundamental iniciar o processo antes de sair do país, para evitar mais burocracia e custos.

Nossa equipe está disponível para explicar todos os detalhes. Basta agendar um atendimento no nosso site!

O que é importante caso queira resgatar:
- Deixar os documentos necessários prontos.
- Verificar a validade do seu visto.
- Manter sua conta bancária australiana ativa até receber o reembolso.