L Jack & Associates

18/10/2026

Payday Super is here. Is your SMSF ready?

Since 1 July 2026, employers have been required to pay superannuation with each pay cycle rather than quarterly.

For self-managed super fund (SMSF) trustees, this makes it more important than ever to ensure your fund is set up to receive contributions correctly.

One important detail to check is your fund's electronic service address (ESA).

Your ESA allows your SMSF to receive employer contribution information electronically through SuperStream.

If your ESA is inactive or your fund details are outdated, contributions could be delayed.

Here's what SMSF trustees should check:

Your electronic service address is active and valid.

Your SMSF details are up to date with the ATO.

Your employer has the correct fund ABN, ESA and bank details.

Contributions are arriving in your fund as expected.

With super now being paid more frequently, it's worth checking that everything is working as it should.

Not sure if your SMSF is set up correctly?

Contact L. Jack & Associates to arrange a time to review your fund details and discuss your obligations.

17/10/2026

"Always professional service." says Joanne on Google

★★★★★ Always professional service.

15/10/2026

BAS due and the money isn't there?

With the September quarter behind us, many business owners are preparing for their next BAS payment.

But what happens when the money you've set aside for GST and PAYG isn't enough?

The important thing is not to ignore it.

The September quarter BAS is generally due on 28 October 2026, although some businesses may qualify for an extended deadline.

And there's another important change to be aware of.

Since 1 July 2025, interest charged by the ATO on overdue tax debts is no longer tax deductible. That means carrying an outstanding tax debt can cost your business more.

So, what should you do if you can't pay?

Lodge your BAS on time, even if you can't pay the full amount, and seek advice about your payment options.

A little planning now can also make the next quarter easier to manage.

Worried about your upcoming BAS?

Get in touch with L. Jack & Associates to discuss your options and how to better manage your business's tax obligations.

13/10/2026

Haven't lodged your tax return yet?

If your 2025–26 tax return is still sitting on your to-do list, there's an important deadline approaching!

31 October is the key date to remember.

If you're lodging your own tax return, you generally have until Monday 2 November 2026 to submit it.

But here's something you might not know.

If you engage a registered tax agent before 31 October, you may be eligible for an extended lodgement deadline.

That means more time to get your paperwork together and make sure everything is done correctly.

Leave it too late, and you could miss out on that extension.

Still haven't sorted your tax?

Get in touch with L. Jack & Associates before 31 October to discuss your lodgement requirements.

Contact our office to arrange an appointment.

Extended deadlines are subject to eligibility and your individual tax circumstances.

05/10/2026

Three tax changes are landing between now and 2028. Different audiences, different start dates, one thing in common.

Your outcome under all of them comes down to records.

Grandfathering on capital gains turns on the acquisition date of every asset you hold. That date is now worth money.

The size of a gain turns on your cost base. Purchase costs, improvements and holding costs all count, and gaps in your records cost you at sale time.

Tax on a large super balance turns on how your fund's assets are valued. An informal estimate from a few years ago is no longer good enough.

Your options for moving out of a trust turn on what the deed actually permits. Older deeds are often narrower than owners realise.

None of this is urgent this week. All of it is far easier to sort now than in the month you need it.

If you'd like a hand getting your records in order before any of this applies, contact our office.

03/10/2026

"Excellent as always." says Giezekamp

★★★★★ Excellent as always.

29/09/2026

"Leonie was very professional and expertly guided me through the steps which quickly resulted in my completed tax return." says Frith

★★★★★ Leonie was very professional and expertly guided me through the steps which quickly resulted in my completed tax return.

28/09/2026

If your business income flows through a discretionary trust, there are some important changes coming.

From 1 July 2028, a minimum 30% tax rate will apply to discretionary trusts. For many family businesses, this will reduce the benefit of distributing income to beneficiaries on lower marginal tax rates.

Small businesses will have an opportunity to review their structure before the changes take effect. From 1 July 2027, there will be a three-year window to move into a company or fixed trust.

While that gives businesses some time, restructuring isn't necessarily a quick process. Valuations, rollover relief, contracts, leases, licences, stamp duty and capital gains may all need to be considered, depending on your circumstances.

The same package also reinstated the 50% CGT discount for small businesses in June, with the turnover threshold increasing from $2 million to $10 million.

We've covered the changes in more detail on the blog.

If a sale, succession or change to your business structure is on the horizon, contact our office to discuss your options.

21/09/2026

Most SMSF trustees know that higher tax on large super balances has been coming, but some of the detail in the final version may have gone unnoticed.

There are now two tiers to be aware of. Earnings on balances above $3 million will be taxed at 30%, while balances above $10 million will attract a further 40%. These thresholds apply to each member individually, rather than to the fund as a whole.

For SMSFs, one of the key considerations is having enough cash available to meet the tax liability. A significant portion of your balance may be tied up in assets such as commercial property, farmland or unlisted investments, which can make planning for the payment more complicated.

Accurate valuations will also become increasingly important. If your fund is relying on informal or outdated valuations, it's worth getting these reviewed ahead of the changes.

We've covered the changes in more detail on the blog.

If you'd like to review your SMSF and what the new rules could mean for you, contact our office to book a time.

16/09/2026

Own an investment property or a share portfolio?

The 50% capital gains tax discount is being replaced from 1 July 2027 with a concession linked to inflation, plus a minimum 30% tax rate on gains.

What does that actually mean for investors?

Existing investments are grandfathered. If you bought before the changes take effect, your position is protected.

It isn't just property. Shares held outside super, crypto, collectables and holiday homes are all in scope. Your family home stays exempt, as it always has.

The instinct with any announced tax change is to move early. That's rarely the right call, and selling to get ahead of a rule can trigger a tax bill you never needed to pay.

We've covered the changes in more detail on the blog. If you hold investments and you're not sure where this leaves you, contact our office to book a time.