Fortis Accounting Partners

Still claiming negative gearing like it's 2019?

Budget 2026–27 may not be law yet, but proposed changes to negative gearing, capital gains tax, and discretionary trusts are already worth a close look. The biggest mistake we’re seeing is waiting until the rules are final before checking how they could affect an investor, business owner, or family group.

A quick review now can help you spot issues early and avoid an unpleasant surprise later.

3 numbers can prevent a rushed business handover.

A clear succession plan should set out:

• Who will own the business
• What the transfer is expected to cost
• Where the funding will come from

Compare today’s unknowns with a documented ownership timeline, a current valuation, and a cash-flow plan. This gives business owners and family groups a clearer path before timing, tax, and finance decisions create pressure.

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Your emergency fund may be too small, and guessing makes it worse.

A business reserve should reflect your real cash-flow needs, not a round number. Separate essential operating costs, tax and GST obligations, payroll, debt repayments, and personal commitments. Then review the reserve when revenue, staffing, or expenses change. The right target can shift as your business does.

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Did you assume spending more before year-end automatically lowers your tax bill?

That misconception can lead to unnecessary purchases, cash-flow pressure, or deductions that do not fit your business. Before committing to an expense, review whether it is genuinely business-related, properly documented, and timed appropriately for your circumstances. Proactive tax planning is about making informed decisions, not spending for the sake of a deduction.

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🎉 𝐇𝐚𝐩𝐩𝐲 𝐁𝐢𝐫𝐭𝐡𝐝𝐚𝐲, 𝐉𝐨𝐡𝐧 𝐊𝐚𝐥𝐚𝐜𝐡𝐢𝐚𝐧!

Wishing you a wonderful day filled with joy and celebration.

Your leadership, vision, and the way you show up for your clients and team have shaped everything Fortis is today. Today we get to celebrate you!

Here's to a brilliant year ahead. From all of us at the Fortis family.

A lot of people only hear from their accountant once a year at tax time.

By then, most of the opportunities to save have already passed.

At Fortis, we stay in contact with our clients all year round. That means better advice, fewer surprises, and a tax position that is planned rather than patched together at the last minute.

If your current accountant only shows up in June, it might be time for a change.

𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟔 𝐁𝐀𝐒 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫

If your business reports GST monthly, your July 2026 BAS is due on 21 August.

Make sure your records are up to date and payment is ready.

Need help getting it lodged? Our team is ready to answer your questions.

Tax time rolls around every year, and every year it feels like there is not enough time to get everything together.

If you are a business owner who spends more time chasing receipts than actually running your business, that is a sign you need a better system in place.

We help small business owners get their books in order, meet their obligations, and actually understand where their money is going.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent.

https://www.rba.gov.au/media-releases/2026/mr-26-19.html

𝐏𝐀𝐘𝐆 𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐀𝐧𝐧𝐮𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 — 𝟏𝟒 𝐀𝐮𝐠𝐮𝐬𝐭

The due date for your PAYG Withholding Payment Summary Annual Report is 14 August if you are lodging without a registered tax agent.

If you lodge through a registered tax agent, your deadline extends to 30 September.

Not sure which applies to you? Give us a call.