Kennas Chartered Accountants and Financial Services

If you’re thinking about purchasing or leasing a vehicle for your business in the new financial year, it’s worth understanding the updated car thresholds that apply from 1 July 2026.

NAVIGATING THE 2026–27 CAR THRESHOLDS If you’re thinking about purchasing or leasing a vehicle for your business... 

The sharing economy has created new opportunities for Australians to earn additional income. Whether it’s driving for a ride-sharing service, renting out a holiday property, completing freelance work, hiring out equipment, or creating digital content, many people are supplementing their regular income through online platforms.

DON’T LET SHARING ECONOMY INCOME CATCH YOU OFF GUARD THIS TAX TIME The sharing economy has created new opportunities for Australians to earn additional... 

AI is increasingly helping farmers move from simple cashbook recording to real-time farm financial management. Read more...

From automated data entry to cash-flow forecasting, Ai is helping farmers AI turns farm cashbooks into decision tools

To ensure passage of the negative gearing and CGT discount changes that were announced in the May 2026 Federal Budget the Government agreed to make amendments to the SMSF borrowing rules.

CHANGES TO SELF MANAGED SUPER FUND (SMSF) BORROWING RULES To ensure passage of the negative gearing and CGT discount changes that... 

The humble offset account can be a powerful investment tool.

As a financial adviser, I am often asked: "Should I invest my spare cash?"

Read more...

An offset account can help reduce debt, save interest and build wealth The overlooked investment sitting beside your mortgage

With the start of the 2026–27 financial year, SMSF trustees should take a proactive approach to ensure funds remain compliant and well positioned. Below is a concise checklist of the key legislative changes, compliance deadlines and practical steps trustees should prioritise.

GET READY FOR 2026–27: PRACTICAL STEPS SMSF TRUSTEES MUST TAKE NOW With the start of the 2026–27 financial year, SMSF trustees should take... 

The ATO is sharpening its focus on how taxpayers generating income from personal services deal with that income for tax purposes. In a recent Spotlight bulletin, Small Business Assistant Commissioner Tony Poulakis highlighted the release of Practical Compliance Guideline PCG 2025/5.

ATO CRACKS DOWN ON PERSONAL SERVICES INCOME ARRANGEMENTS: IS YOUR BUSINESS AT RISK? The ATO is sharpening its focus on how taxpayers generating income from... 

The Tax Ombudsman has reported a dramatic 127% increase in complaints about the ATO this financial year (to 30 April 2026), with nearly 3,000 complaints received in the first ten months. Debt collection, penalties, and tax debt interest charges have dominated the issues raised.

TAX OMBUDSMAN SEES 127% SURGE IN COMPLAINTS: WHAT IT MEANS FOR YOU The Tax Ombudsman has reported a dramatic 127% increase in complaints about... 

One of the most significant changes to the Australian superannuation system in decades has now commenced. From 1 July 2026, Payday Super requires employers to ensure super contributions reach employee super funds within seven business days of each payday.

PAYDAY SUPER HAS ARRIVED – WHAT EMPLOYERS NEED TO KNOW One of the most significant changes to the Australian superannuation system in... 

Since the Federal Treasurer handed down the 2026-27 Federal Budget on 12 May 2026 there has been a significant amount of commentary on some of the more controversial proposals, including the decision to replace the CGT discount with an indexation system and impose a 30% minimum tax rate on discretionary trusts.

UPDATES TO BUDGET MEASURES AND NEW DEVELOPMENTS Since the Federal Treasurer handed down the 2026-27 Federal Budget on 12...