Element Business & Accounting Solutions Pty Ltd

Today we are celebrating the dads and father figures in our community.

Thank you for the guidance, encouragement and support you provide to your families, workplaces and communities.

From the Element team, we wish you a very happy Father’s Day and hope you enjoy time with the people who matter most.

🚨 BUSINESS NEWS UPDATE 🚨

👉 Fuel Excise Changes
Fuel costs may shift again, impacting margins and day-to-day expenses for many businesses.

👉 ATO Leniency Available
If increased fuel costs are affecting your ability to pay tax, support may be available (payment plans or penalty relief).

⏰ Don’t wait — act before your next BAS or tax deadline to avoid additional interest and penalties.

How to apply:
✔️ Ensure lodgements are up to date
✔️ Contact Element Business
✔️ Request a payment plan or support
✔️ Be ready to show financial impact if needed

👉 Interest Rates Rising
Now is a good time to review cash flow, debt, and pricing.

📩We are here to help you navigate this, send us a DM.

Big changes are coming from 1 July 2026 👇

New AML/CTF laws are being extended to accountants and as a regulated requirement under AUSTRAC, this isn’t something we can opt in or out of. It’s a legal obligation all firms must follow.

So what does that mean for you?

For certain services (like setting up entities, property transactions, or using our business address), we’ll need to:

✅ Verify your identity
✅ Understand who we’re acting for
✅ Ask a few questions about the purpose of the work

It’s a standard process similar to opening a bank account and applies to everyone.

The good news? Your day-to-day accounting isn’t impacted ✅
Tax returns, BAS, bookkeeping, payroll, and general advice all remain business as usual.
There’s nothing you need to do right now. When the time comes, we’ll guide you through it step-by-step so it stays simple and stress-free.

Your information will always be handled securely and in line with privacy laws.

If you have any questions about how these changes may affect you send us a message, we’re here to help 🤝

Tax planning is about clarity, confidence, and making informed decisions - not last‑minute fixes.

As we look ahead to 30 June 2026, early planning helps you understand the true cost of decisions, manage cashflow, and align your strategy with your bigger business goals.

A thoughtful plan now sets you up for a smoother EOFY later.

💬 If 2026 is a growth year for your business, is your tax strategy supporting it?

💬 If 2026 is a tough year for your business, is your tax strategy supporting your future cashflow needs?

📩 Let’s have the conversation early.

Tax planning for 2026 starts with the basics:

✔️ Estimated tax position for FY2026
✔️ What can you do between now and 30 June
✔️ Planning ahead for next year

Simple considerations now can make a big difference later.

📩 Have you started thinking about your 2026 tax strategy?

Asking the right question is the first step to aligning your broader business goals with your tax strategy. ✅

Early tax planning helps you align your goals, minimise tax, maximise profit, plan out cashflows and avoid surprises.

Don’t leave it to the last minute, start planning now. 💡

Book a session with our friendly team and get ahead