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Congdon Fuzi, Unit 5/36 Ralph Street Alexandria, Sydney (2026)

06/10/2026

The RBA has now delivered four rate hikes in 2026, with the most recent 25 basis point increase taking the cash rate to 4.6% its highest level in 15 years. Here's what it means for your businesses and what you can do about it.

The Key Impacts

1. The ‘Double Squeeze’

The decision hits small business owners hard, compounding the impact of previous rate hikes that have already dampened sales. Many small businesses will face a double squeeze, as consumer spending power depresses and their own debt repayments potentially increase simultaneously.

2. Higher Borrowing Costs

Higher interest rates affect small businesses in two main ways. First, they increase the cost of debt. If your business has a variable rate loan, equipment finance, overdraft, commercial property loan, credit card balance or business line of credit, your repayments may increase. Even if your facility does not change immediately, refinancing or new borrowing can become more expensive.

3. Squeezed Margins from Multiple Directions

Higher interest rates, higher fuel costs, higher supplier costs and cautious consumers can all affect small business performance. Some businesses will feel it through loan repayments. Others will feel it through reduced customer demand, tighter margins or slower payments.

4. Rising Input Costs

Inflation is not only coming from strong customer demand. It is also coming from the cost side of the economy, including fuel, transport, energy, rent, wages, imports and finance costs.

5. Business Confidence & Hiring

The most immediate consequence of rising rates is the effect on business confidence and hiring decisions. SME behaviour is clear and worsening today's rate hike will push Australian businesses further into a defensive footing.

6. Payday Super Adding to the Burden

Small business owners are already managing fuel cost surges, rising input prices, Payday Super obligations, and customers whose household budgets are under sustained pressure.

✅ What Small Businesses Can Do

Here's a practical action plan to strengthen your position:

Audit all variable-rate debt

Businesses carrying variable-rate debt face real cost increases. Run the numbers on what further increases would do to your repayments and covenants now, rather than being caught out.

Review pricing strategically

Any price increase should be based on actual costs, margins, customer demand and competitive positioning.

Tighten cash flow monitoring

Small business owners need to closely monitor and plan for tighter profit margins and any cash flow pinch points in the months ahead.

Forecast regularly

Regular forecasting becomes increasingly important during uncertain conditions

Review lending arrangements

Many businesses only review lending arrangements during periods of stress. Regular reviews can identify opportunities earlier.

Engage your accountant

An accountant can help review margins, cash flow, tax planning, business structure, debt exposure, budgeting and financial reporting.

Plan ahead on tax

With higher rates, inflation and cash flow pressure, tax planning before 30 June can help business owners understand their likely tax position and prepare more effectively

30/09/2026

Here are 5 practical things Australian businesses can do right now to save money on business insurance.

1. Shop Around & Compare Quotes — Don't Auto-Renew

Comparing business insurance regularly can help you save money by finding a better price for cover. The average Australian business pays around $89 a month for a business insurance package but that figure varies enormously based on risk profile, so there's real opportunity to find a better deal.
Don't be afraid to call your providers and ask for a cheaper deal.

2. Bundle Your Policies into a Business Pack

Many Australian insurers offer multi-policy discounts when you purchase two or more covers together commonly bundling public liability, business interruption, and contents into a business pack. This is one of the fastest ways to cut your total insurance spend without sacrificing coverage. Some insurers offer business insurance packs, such as bundling commercial vehicle insurance with commercial property insurance.

3. Assess Your Actual Needs & Ditch Unnecessary Cover

Conducting a comprehensive assessment of your insurance needs is crucial before purchasing any policy. Not all businesses face identical risks, and a one size fits all approach may not be suitable. Collaborating with a reputable business insurance broker enables you to pinpoint your specific vulnerabilities and customise a policy that adequately addresses them helping you avoid overpaying for unnecessary coverage.

4. Review Your Policy Annually Avoid ‘Set and Forget’

Common and costly mistakes include ‘set and forget’ policies not updating cover when staff numbers, revenue, or locations change overlooking exclusions (flood, cyber, or pandemic coverage aren't always standard), and buying on price alone, as the cheapest premium often comes with hidden gaps.
Regularly reviewing your insurance coverage is essential to ensure it continues to meet the evolving needs and risk profile of your business. As your business grows and circumstances change, your insurance requirements are likely to shift as well. Conducting an annual review enables you to assess whether your cover aligns with your current needs effectively.

5. Claim It as a Tax Deduction

This one doesn't lower your premium, but it does lower your net cost. Business insurance premiums are a fully deductible business expense. If you're reviewing or upgrading your coverage, you can claim the cost in your tax return.
Also keep in mind fewer claims usually result in the business being considered a lower risk, while more frequent or substantial claims affect insurance rates and base premium calculations. Investing in workplace safety and risk management practices now can pay off in lower premiums over time.

Final thought

An insurance policy that doesn't cover you adequately is not worth the money, no matter how cheap. If you're in an industry that increases your risk exposure to incidents, saving money on lower premiums means you're not adequately covered instead, look for value to get the most out of your business insurance cost.

22/09/2026

Small start-up companies with aggregated annual turnover of less than $10 million that generate a tax loss in their first two years of operation will be able to convert that loss into a refundable tax offset, limited to the value of fringe benefits tax (FBT) and withholding tax on wages paid to Australian employees in the loss year.

In simple terms:
Your startup spends more than it earns → creates a tax loss
Instead of just carrying that loss forward, you can convert it to a cash refund
The refund is capped at whatever PAYG withholding + FBT you paid on your Australian staff wages that year
This measure is designed to support new start-up businesses, and is expected to provide vital cash flow benefits to up to 25,000 companies each year, directly addressing one of the most persistent pressures faced by early-stage companies.

Here’s an example

Take NewCo Pty Ltd, which incorporates on 1 July 2028. In FY29, it has $200K revenue, $700K of eligible core R&D, $500K of other operating spend, and pays $800K of Australian wages with $180K of PAYG withholding. The R&D refundable offset returns $336K cash (48% of $700K). On top of that, loss refundability returns another $180K cash, capped by the PAYG withholding figure.

There are a couple of critical timing rules

Loss refundability is hard-wired to the first two years of operation only. There are no extensions and no second windows once you pass that mark. The clock starts at incorporation, not first revenue or first hire.

This means:
If you incorporated before 1 July 2028, you may miss part or all of this window
If you incorporate in July 2028 or later, you get two full years of stacked R&D plus loss refundability under the new rules. Incorporated before that, you'll lose some or all of the loss refundability window. If you have genuine flexibility on when to incorporate, push past 1 July 2028.

You can stack this with the R&D tax incentive

This is where it gets really powerful. The two measures stack. From 1 July 2028, a startup in its first two years with turnover under $10M can claim the R&D refundable offset at roughly 48% on eligible core R&D expenditure, and separately claim loss refundability on the remaining losses, capped at PAYG withholding on Australian wages.

In a typical early-stage loss year with significant R&D and payroll, the combined cash recovery can exceed half the total operating loss.

Let’s have a look at who it's designed for

This measure is specifically built for:
Brand new companies (Pty Ltd structure) with no profitable history to carry losses back against.
Startups that are actively hiring staff (your payroll directly determines how much you can claim)
Early-stage companies with no profitable history to carry losses back against. It stacks on top of the R&D Tax Incentive refundable offset.

It’s important to look at what it is NOT

❌ It does not apply to sole traders, partnerships, or trusts, only companies (Pty Ltd)
❌ It does not apply if you're past your first two years of operation.
❌ The refund is not your full loss amount. It's capped at the PAYG withholding + FBT you've already paid on Australian wages.
❌ It is not yet available. It kicks in for income years starting 1 July 2028

Here is what you need to claim it

New companies with aggregated turnover of less than $10 million will be able to claim a refund of tax losses in their first 2 years of operation, up to the amount of PAYG withholding and FBT payments made in the year the loss is generated. The changes will apply to income years starting on or after 1 July 2028. Eligible companies will first be able to claim the refundable tax offset in their 2028–29 income tax returns.
In summary

If you're planning to start a new company and have the flexibility to incorporate on or after 1 July 2028, you could unlock significant cash refunds during your riskiest early trading years, especially if you're hiring staff and investing in R&D.

Always speak with an accountant before making incorporation or structural decisions based on this measure, as your individual circumstances will affect your eligibility and outcomes. If you have any questions please simply contact me [email protected]

09/09/2026

The instant asset write off lets an eligible business claim the business use portion of a qualifying depreciating asset in the year it is first used or installed ready for use, instead of claiming deductions over several years.

Normally, if you buy a $15,000 piece of equipment, the ATO makes you spread the deduction over its ‘useful life’ maybe 5–7 years. With the write-off, you claim the full cost in the year you buy it.

Here is how it actually saves you money

Under the instant asset write-off, a sole trader on a 32.5% marginal tax rate gets an immediate tax saving of $3,900 on a qualifying asset. If the same asset went into the pool and only 15% was deductible in the first year, the first-year tax saving would be just $585. The write-off brings the full benefit into Year 1 rather than drip-feeding it over years.

And crucially, the $20,000 limit applies on a per asset basis, so small businesses can instantly write off multiple assets.

Here’s a look at the types of assets you claim

The write off usually applies to depreciating assets used in the business, including tools, office equipment, computers, and some vehicles, provided the basic rules are met.

Power tools, hand tools, utes, trailers, site equipment, laptops, and safety gear all qualify if used in the business and costing less than $20,000 GST-exclusive.

The #1 Mistake businesses make

To claim the deduction in a financial year, you can't simply pay for the asset by 30 June. The asset must be first used or installed ready for use for a taxable purpose by 30 June. If you order a piece of equipment in late June, but supply chain delays mean it doesn't arrive at your office until July, you generally can't claim the write-off for that year.

Part 2 The loss carry back
Loss carry-back arrangements act as a vital fiscal safety net. They allow your business to apply current trading losses against taxed profits you earned in previous years, resulting in a direct cash refund from the government.

If your business paid tax in a profitable year, then made a loss in a later year, you can go back and "reclaim" some of that tax you already paid — as a real cash refund into your bank account.

Here's the Federal Budget's own example: A restaurant with $1 million in turnover generated $50,000 in taxable profits and paid $12,500 in tax in 2025–26. In 2026–27, it purchases new equipment totalling $65,000, with each piece costing less than $20,000.

Due to the instant asset write-off, these items can be immediately deducted. Without those investments, it would have reported a $50,000 profit. With them, it reports a $15,000 tax loss and pays zero tax. Further, it can carry back that tax loss to the previous year's tax paid, generating a $3,750 cash refund ($15,000 × 25% tax rate).

Important: Loss carry-back is relevant if you trade through a company. If you're a sole trader, you can still use the instant asset write-off to reduce your taxable income — but the cash refund mechanism of carry-back is only available to companies.

PART 3 The power combo: how they work together
This is where the magic happens. The two measures are specifically designed to stack:

Step 1 Buy assets under $20,000 each - instantly deduct them all in year 1.

Step 2 Those deductions push your profit into a loss - you pay zero tax this year.

Step 3 Carry that loss back to a prior profitable year - get a cash refund of tax you already paid.

Without asset purchases there is $40,000 taxable profit, $10,000 tax. With them there are $55,000 in deductions → $15,000 tax loss for 2026–27. Under the permanent 2 year loss carry back, the business claims a refund of $15,000 × 25% = $3,750 against the prior year's tax paid. The net effect is a single year of asset investment converts directly into immediate cash flow.

Part 4 What you need to do step by step
For the Instant Asset Write-Off:

Step 1 - Confirm eligibility
Check your aggregated turnover and confirm you're using simplified depreciation for the relevant income year.

Step 2 - Check the asset before you buy
Make sure it's the kind of depreciating asset that can qualify. Owners often confuse equipment with building works or other excluded categories.

Step 3 - Calculate the cost correctly
Use the GST-exclusive price if you're GST-registered, and apply your business-use percentage if the asset has mixed personal/business use.

Step 4 - Get the asset ready for use before year end
This is the step people miss. Delivery alone isn't enough. The asset needs to be operational or installed ready for use by 30 June.

Step 5 - Keep your records
Keep the tax invoice, delivery receipt, and any evidence of when you put the asset to work. The ATO requires records for five years.

Step 6 - Claim it in your tax return
To notify the Commissioner of your choice, lodge your tax return and keep your records for the required period of time. You aren't required to lodge any other form to notify of your choice.

For the Loss Carry-Back (Companies only):
Step 1 - Confirm you're structured as a company
Loss carry-back is only available to corporate tax entities. If you're a sole trader, speak to your accountant about whether restructuring makes sense.

Step 2 - Review prior years' tax paid
Check how much company tax was paid in the previous two income years — that's the maximum you can reclaim.

Step 3 - Check your franking account balance
The refund is capped at your franking account balance. Your accountant can run this figure.

Step 4 - Plan asset purchases to generate the loss
Work with your accountant to identify which asset purchases, when combined with the write-off, would strategically push you into a loss position.

Step 5 - Claim in your company tax return
The carry back is claimed when lodging your company income tax return for the loss year. Your tax agent handles this.

For this to work it takes careful planning. If you have any questions please contact me at [email protected]

26/08/2026

ACSC receives more than 80,000 cybercrime reports each year. That’s about one every six minutes and this costs businesses an average of $80,850 per incident.

Despite more than 80% of small businesses acknowledging cyber risk, only a minority have formal cybersecurity processes, leaving many exposed. Here we look at the top 5 cyber security threats and what you can do to minimise the risk.

1. Ransomware (& Double Extortion)

Attackers no longer just lock files they copy sensitive data first, then threaten to publish it publicly if a ransom fails to arrive. This double pressure pushes many businesses toward paying, even when backups exist.

Criminal groups now rent out ready made ransomware kits to less skilled attackers, which has widened the pool of people capable of launching an attack. A business no longer needs a sophisticated rival to worry about, since almost anyone can buy access to these tools online.

✅ How to minimise the risk

Having, and regularly testing, backups can minimise the problems caused by data and systems being stolen or disrupted. Ensure data and systems are backed up offline, in the cloud, and segregated from normal systems. Backups should be current and highly organised so the company can restore lost data easily.
Install proper endpoint protection, not just basic antivirus, but multi-layered security that includes real time scanning, behaviour monitoring, and anti ransomware.

2. Phishing & AI-Powered Scams

This attack method uses a deceptive email to trick employees into clicking a malicious link or entering credentials on a fake login page. AI allows criminals to generate convincing, personalised emails that mimic internal communication styles and impersonate senior executives, making them far harder to detect.
Business email compromise (BEC) takes this further, using stolen credentials to redirect payments or extract sensitive data. A single successful attack can result in significant financial losses.

✅ How to minimise the risk

No technical defence fully compensates for an untrained employee clicking the wrong link. Deliver regular security awareness training across all staff, implement enterprise grade email filtering and anti spoofing controls, and enforce multi-factor authentication (MFA) on all critical accounts.

Use verification steps for payments, supplier changes, and any sensitive requests that arrive unexpectedly.

3. Cloud Misconfigurations & Data Breaches

Businesses have rapidly adopted cloud platforms, which provide flexibility and scalability but misconfiguration can expose sensitive data to bad actors. Common security gaps include misconfigured storage systems, poorly judged access controls, and a lack of monitoring.

Attackers seek to steal customer records, financial data, and intellectual property. When a breach happens, businesses face financial penalties, legal action, and loss of customer trust and privacy regulations are tightening, placing more responsibility on businesses to keep personal information safe.

✅ How to minimise the risk

Strong data encryption, tracking tools, and frequent security assessments can demonstrably stave off breaches and mitigate high-profile attack fallout.

Regularly audit who has access to cloud systems, and apply the principle of least privilege access, only give staff access to what they actually need.

4. Insider Threats (Human Error & Negligence)

Not all cyber threats originate from external attackers. Insider threats occur when employees or contractors abuse their access to company systems. Sometimes deliberately, but often because of human error or poor security awareness.

Accidental data sharing, poorly chosen passwords, or downloading infected files can all lead to serious risks.

✅ How to minimise the risk

By monitoring user activity and limiting access to critical systems, you can reduce insider related security incidents.

Businesses can significantly reduce cyber risk by implementing Multi Factor Authentication, maintaining regular backups, patching systems promptly, restricting privileged access, and training employees.

Human error causes the majority of breaches. Regular 15-minute training refreshers pay dividends.

5. Unpatched Systems & Weak Credentials

If you're not patching regularly and enforcing multi-factor authentication (MFA), you're leaving the door wide open.
MFA has been around for decades, but many companies have inconsistently applied it.

Weak spots could be work from home laptops or external project management software. MFA offers a critical extra layer of security.

✅ How to minimise the risk

Switch on multi-factor authentication everywhere you can. Test your backups by actually restoring something, don't just trust that a backup finished successfully. Check who has third-party access to your systems. These three things make a huge impact without breaking the bank.

Consider aligning with the ACSC Essential Eight a set of eight cybersecurity mitigation strategies developed by the Australian Cyber Security Centre that helps organisations reduce exposure to common cyber threats and improve cyber resilience.

Prevention is consistently more cost effective than recovery. A breach that could have been stopped with a reasonable investment often ends up costing far more in downtime, legal fees, and lost clients. If you have any questions please contact me [email protected]

10/08/2026

From 1 July 2026, employers must pay superannuation contributions with every pay cycle instead of quarterly, with contributions to be paid to the relevant super fund within the required timeframe.

The Australian government has been clear that the Payday Super reforms are meant to reduce unpaid super and help workers see contributions landing sooner. This is partly because approximately $5.7 billion of super goes unpaid each year. More than 3 million Australians lost an average of $1,730 between 2022 and 2023, and just $1,730 of unpaid super can leave workers up to $30,000 poorer in retirement.

The Penalty Risk

Don't underestimate compliance. If super is not received by the employee's fund within 7 business days of payday, the Super Guarantee Charge (SGC) applies automatically. The updated Super Guarantee framework includes provisions that mean employers who pay super late will pay daily compounding interest, an administrative charge, and extra penalties if an assessed amount is not paid within 28 days. The ATO has real-time visibility via STP which means small delays will be noticed.

Here is your checklist to make it easy

✅ Switch your clearing house (urgent as it’s already due)

Businesses that still use the ATO Small Business Superannuation Clearing House needed to move to a different provider. The SBSCH is no longer available from 1 July 2026. If you haven't done this yet, act immediately.

✅ Update or upgrade your payroll software

From 1 July 2026, employers must report both qualifying earnings and super liability through Single Touch Payroll. Not all software is currently set up for this automatically. Check with your provider to confirm readiness.

✅ Clean up your employee data

Missing super fund details, incorrect member numbers, and unverified TFNs will cause contributions to be rejected. Rejected payments restart your 7-business-day clock. It’s really important to get this right upfront.

✅ Have a good look at your cash flow

For a business paying $15,000 quarterly in super, fortnightly payments mean paying approximately $2,300 every two weeks instead of $15,000 every three months. While the total annual super obligation remains the same, the challenge is losing the ability to hold onto those funds for up to three months before payment.

✅ Automate everything

Use payroll software that can calculate super contributions automatically. This reduces errors and saves time. The best tools handle payroll and super in one place, automating the submission through SuperStream with every pay run.

✅ Sync with your bookkeeper or accountant

Have what we would call a ‘Super Transition Meeting’. Ask your bookkeeper to review your current payroll settings and help you quickly switch to a payment-cycle-aligned super, rather than waiting for the last minute.

✅ Review contractor arrangements

Contractors are generally exempt unless classified as eligible employees. You should review contracts and update reporting to stay compliant.

✅ Communicate with your team

Let employees know when super is paid and how it's calculated. Transparency builds trust and helps employees spot any issues early.

Important things to remember

For small business owners, this reform represents both a challenge and an opportunity. It means rethinking payroll processes and preparing for more frequent cash outflows. It also offers a chance to modernise your systems and give employees greater confidence in their retirement savings.

If you have any questions regarding payday super please reach out to me [email protected]

05/08/2026

If you receive a suspicious email or text message that appears to be from the Australian Taxation Office (ATO) or myGov, it's important to take the following steps to protect yourself from potential scams:

1. Do not respond to the message or click on any links provided. Scammers often use phishing techniques to trick individuals into revealing personal information or accessing fraudulent websites.

2. Call your Accountant. They’ll be able to quickly confirm with you whether it's legitimate or not.

3. Report the message to the ATO by forwarding to [email protected], or by contacting the ATO directly on 1800 008 540.

4. If you have clicked on a link or provided any personal information, contact the ATO immediately to report the breach and seek guidance on how to protect your personal information.

5. Delete the message from your inbox or messaging app to prevent accidentally interacting with it in the future.

6. Stay informed about the latest scams by visiting the ATO's website or by signing up for scam alerts from reputable sources such as Scamwatch.

7. Educate yourself on how to recognise scam messages by looking for tell-tale signs such as poor grammar, requests for personal information, and generic greetings such as ‘Dear Customer’ instead of your name.

8. Update your security software and passwords regularly to protect your accounts from unauthorised access.

Remember, the ATO and myGov will never ask for your personal information via email or text message. If you are unsure about the legitimacy of a message, it's always better to be safe and contact your accountant, the ATO or myGov directly.

05/08/2026

If you own investments, such as property, shares or other assets that may qualify for the CGT discount, the way future capital gains are taxed changes from 1 July 2027. The impact will vary depending on how long the asset is held, how much it grows and inflation over that period.

Existing investments retain the current treatment for gains that arose before 1 July 2027.

From 1 July 2027, a 30% minimum tax rate will apply to capital gains. People receiving income support payments, including the Age Pension, will not be subject to that minimum tax.

There are also changes to the way that CGT is calculated. This applies to all assets, not just property. The 50% CGT discount for assets held longer than 12 months will no longer apply. Taxable gains related to the period that the asset is owned from 1 July 2027 will be worked out using the indexation approach.

Where you owned the property from prior to 2026 Budget Day you may now need two calculations. One will calculate the 50% discount up to the value as at 30 June 2027. The other will add the indexation allowance thereafter.

Under the indexation approach, the original purchase price is adjusted for inflation before tax is calculated. This means tax generally applies to the gain above inflation, rather than simply applying a flat 50% discount to the whole gain.

These rules apply to investments held by individuals, trusts and partnerships. However, investors in eligible new residential properties can still choose between the 50% CGT discount and the alternative method using indexation subject to the minimum tax of 30%.

There is no change to the CGT main residence exemption or to the existing small business CGT concessions.

30/07/2026

From 1 April 2027, the tax concession for eligible electric vehicles provided through work arrangements, including novated leases, will start to be reduced for more expensive vehicles. However, if you have an existing arrangement keeps the discount rate that applied when it began.

At the moment, eligible EVs priced at or below the fuel-efficient luxury car tax threshold can access a full FBT exemption.

These changes are centred around three important dates.

• Until 31 March 2027, eligible EVs up to and including the fuel-efficient luxury car tax threshold can continue to access a full FBT exemption.

• From 1 April 2027 to 31 March 2029, the full exemption remains only for eligible EVs costing $75,000 or less. Eligible EVs above $75,000 and up to the fuel-efficient luxury car tax threshold receive a 25% FBT discount instead.

• From 1 April 2029 onwards, eligible EVs up to the fuel-efficient luxury car tax threshold receive a 25% FBT discount.

Things you need to consider

If you’re considering an EV through salary packaging or novated leasing, ask your provider for a cost comparison before and after the change dates. Also check whether the vehicle you’re looking at is eligible. For example, battery electric or hydrogen fuel cell vehicles. Please note plug-in hybrids generally ceased being eligible from 1 April 2025, unless transitional rules apply.

Existing arrangements typically retain the discount rate that applied when they started, but a new arrangement may be subject to the rules in place at that time.

If you are looking to move your lease the Electric Vehicles (EVs) FBT concession generally applies but exactly how it is handled depends on whether you are refinancing the residual value on the current vehicle or switching to a brand-new vehicle.

If you have any questions regarding these changes please contact me [email protected]

Congdon Fuzi

06/10/2026

30/09/2026

22/09/2026

09/09/2026

26/08/2026

10/08/2026

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