Cowra Tax

20/10/2026

Don't forget to lodge your September 2026 BAS by 28th October 2026!

No business activity? Don’t forget your BAS 👀

The September quarterly BAS is due on 28 October. Even if there's nothing to report, you still need to lodge. Lodging a nil BAS helps keep your obligations up to date.

⏰ The clock is ticking, so now is the time to get your records in order.

06/10/2026

Key Due Dates for October 2026

Here are just some of the key financial deadlines to keep on your radar this month.

Save this post to come back to.

08/09/2026

💡 Capital Gains Tax (CGT) - What is it, really?

CGT can sound complicated, but here’s the simple version 👇

CGT isn’t a separate tax. It’s generally part of your income tax and may apply to the profit you make when you sell or dispose of an asset.

CGT can apply to assets such as:
🏠 Rental properties
📈 Shares & investments
💻 Crypto assets

When you dispose of an asset - essentially, when you stop owning it - a CGT event may occur. You’ll then need to work out whether you’ve made a capital gain or capital loss and report it in your tax return.

📈 Capital gain = You made a profit.
This may increase the amount of tax you need to pay.

📉 Capital loss = You made a loss.
A capital loss generally can’t reduce your other income, but it may be carried forward to offset eligible capital gains in future years - potentially reducing your future tax bill.

👉 One important tip: Don’t forget about your capital losses!
Even if you can’t use them this year, they may be valuable in future years.

💬 Thinking about selling an investment or other asset?
CGT can depend on your individual circumstances, so it’s worth getting professional advice before you sell to understand the potential tax implications.

01/09/2026

STILL AVAILABLE FOR LEASE
Shop for Lease – Calare Buildings, Cowra!
Looking for the perfect location for your business? A shop is now available to lease in the well-known Calare Buildings in the heart of Cowra's C*D.
Great central location
Ideal for retail, office or service businesses
Excellent opportunity to establish or grow your business
For more information or to arrange an inspection, get in touch with SWM Chartered Accountants on 63421311 or email [email protected]

30/07/2026

At Cowra Tax, we're committed to doing more than just keeping up - we're always looking for smarter ways to serve our clients.

By continuously improving our processes and embracing the latest accounting software and technology, including AI-powered tools such as Microsoft Copilot, we're able to work more efficiently, reduce manual tasks and focus on what matters most: providing accurate, timely and valuable advice.

We use Microsoft Copilot within a defined, secure and fit-for-purpose framework. Importantly, all client data processed through Microsoft Copilot is stored within Australia, helping to ensure it remains subject to Australian data residency requirements. Copilot is not designed to replace professional judgement - it augments our team's expertise, enabling us to work more efficiently while maintaining the high standards of accuracy, critical thinking and personalised advice our clients expect.

Innovation isn't about replacing the personal service our clients value - it's about enhancing it. By investing in new technology and ongoing learning, we're ensuring we deliver the best possible experience every step of the way.

Because when we work smarter, our clients benefit too.

14/07/2026

📣 Tax Time 2026 is Here! 📣

Looking for friendly, reliable help with your 2026 individual tax return? We're here to make tax time simple and stress-free.

✅ Personalised service
✅ Fast and accurate tax returns
✅ Maximise your eligible deductions
✅ Affordable fees with professional advice

Whether you're an employee, sole trader, retiree or have investment income, we take the time to understand your situation and help you get the best possible outcome.

Appointments are now available for the 2026 tax season.

📞 Contact us today on (02)63426509 to schedule your appointment.

We look forward to helping you make tax time easier!

23/06/2026

Just a friendly reminder that Bel Magee from Elders Finance is available to assist with your finance needs.

Whether you're looking for:

✅ Competitive Term Deposit rates
✅ Farm Management Deposits (FMDs) with attractive returns
✅ Agricultural finance solutions
✅ Home loans and mortgages
✅ Equipment finance

Bel has a strong understanding of rural and regional communities and is committed to helping you find the finance solution that best suits your circumstances.

🤝 Prefer to chat in person? You can arrange an appointment with Bel at Cowra Tax and meet one of the friendly faces behind Elders Finance.

📞 Phone: 0461 437 936

Get in touch today and discover how Bel can help you work towards your financial goals.

23/06/2026

As we approach tax time, we'd like to remind our clients that the ATO does not begin processing 2026 Income Tax Returns until mid-July. In addition, employers have until 14 July 2026 to finalise and report employee wage information to the ATO through Single Touch Payroll.

To ensure your income information is complete and accurate, we are unable to lodge most 2026 Income Tax Returns until mid-July, once employer reporting has been finalised and the information is available through the ATO.

In the meantime, now is the perfect time to start gathering your tax records and supporting documents, including:
✅ Work-related expense receipts
✅ Donation receipts
✅ Investment and rental property records
✅ Private health insurance statements
✅ Other relevant tax documentation

Getting organised early will help us process your tax return as efficiently as possible once lodgements commence.

If you have any questions, please contact our office on (02) 6342 6509.

We look forward to assisting you this tax season!

09/06/2026

Tax time is approaching.

Having your paperwork organised always makes life much easier. Preparing your end of year documents and information prior to coming to see us will save you time and money.

This is a general list of what to have ready when we next meet with you.

03/06/2026

💭 Feeling stressed about 2026 tax time fast-approaching? You’re not alone!

Whether you’re running a business or managing personal finances, keeping up with ATO rules, deductions and deadlines can feel overwhelming. But with the right approach, you can stay compliant and maximise your return. ✅
Here’s how to take control this tax season:
1. Organise your records
Gather your income statements, bank records, invoices, and receipts. Accuracy now saves headaches later.
2. Claim every eligible deduction
Yes, even home office costs and the latest work-related expenses.
3. Stay on top of ATO updates
Tax rules change each year, so staying informed is key.
4. Review your super contributions
Making voluntary contributions can reduce your tax bill while boosting your retirement savings.
5. Lodge on time or get expert help
Missing deadlines can be costly. A registered tax agent ensures you file correctly and on time.

Cowra Tax can make your 2026 tax prep simple, stress-free and tailored to your needs.
We are here to help you claim every deduction, stay compliant and avoid costly mistakes...so you can focus on what matters most.