Custom Accounting Pty Ltd

Payday Super Has Arrived – What Employers Need to Know

Custom Accounting — Mon, 13 Jul 2026 22:30:00 +0000

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. For many businesses, this represents a major shift from a quarterly payment cycle to a more frequent, real-time obligation.

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Updates to Budget Measures and New Developments

Custom Accounting — Tue, 07 Jul 2026 02:10:38 +0000

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. Since our latest update in this area, the Government has announced some changes to…

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SMSF year end reminder — what to check before 30 June

Custom Accounting — Sun, 28 Jun 2026 22:50:00 +0000

The end of the financial year is fast approaching. For SMSF members and trustees, a few timely checks now can avoid headaches later and help preserve valuable tax and contribution opportunities. Below is a checklist of the things members and trustees should consider before 30 June. Contributions — timing matters Contribution strategies you might use This may be useful if…

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Ending card surcharges: What you need to know before 1 October 2026

Custom Accounting — Sun, 21 Jun 2026 22:48:00 +0000

The Reserve Bank of Australia (RBA) has confirmed that all surcharges on credit and debit card payments — across eftpos, Mastercard and Visa — will be banned from 1 October 2026. This represents one of the most significant updates to Australia’s payments landscape in years and will have a direct impact on businesses and consumers. Why this matters Australians pay an estimated $1.6…

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Government to wind back electric vehicle FBT exemption in three stages

Custom Accounting — Sun, 14 Jun 2026 22:50:58 +0000

The Government has announced a staged wind-back of the current Fringe Benefits Tax (FBT) exemption for electric vehicles (EVs), following recommendations from the Statutory Review of the Electric Car Discount released in May 2026. While the policy continues to support EV uptake, it also aims to make concessions more sustainable and better targeted. The changes are expected to save the Budget an…

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Key 2026–27 Federal Budget tax reforms: What they mean for you

Custom Accounting — Tue, 09 Jun 2026 22:40:00 +0000

The 2026–27 Federal Budget, released on 12 May 2026, has received more attention than most budgets in recent years. With proposed changes to negative gearing, the CGT discount and the taxation of trusts, this is a budget that has the potential to materially impact on property investors, business owners and families using discretionary trusts. However, it is important to remember that the…

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Superannuation contribution caps to increase from 1 July 2026

Custom Accounting — Sun, 31 May 2026 22:57:58 +0000

Following the recent release of the December 2025 quarter average weekly ordinary times earnings (AWOTE) the annual concessional contribution (CC) cap will increase from $30,000 to $32,500 from 1 July 2026. The annual non-concessional contribution (NCC) cap will also increase to $130,000. When considering contribution opportunities some individuals may have higher caps due to the carry…

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New ATO ‘Verify Call’ Feature: Instant Protection Against Phone Scams

Custom Accounting — Sun, 24 May 2026 22:59:00 +0000

As tax time approaches, so does the annual spike in scam calls pretending to be from the ATO. These calls are becoming increasingly convincing — and increasingly costly for those who get caught by them. The ATO has now launched a simple, powerful solution: the ‘verify call’ feature in the free ATO app. Rolled out in early April 2026, it allows you to confirm — instantly and in real time…

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Practical Help for Businesses Impacted by Fuel Disruptions

Custom Accounting — Sun, 17 May 2026 22:56:00 +0000

With global fuel supply chains still under strain from conflict in the Middle East, many Australian businesses are feeling the impact through higher operating costs, delayed deliveries and pressure on cash flow. To help stabilise affected sectors, Treasurer Jim Chalmers and the ATO have announced a package designed to give businesses immediate breathing room and reduce administrative burden…

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Federal Budget 2026–27

Custom Accounting — Tue, 12 May 2026 23:14:27 +0000

Treasurer Jim Chalmers has handed down the 2026–27 Federal Budget, with a strong focus on housing affordability, cost-of-living pressures and economic reform. This year’s Budget includes a number of significant proposed changes impacting business owners, investors and family groups, including reforms to negative gearing, Capital Gains Tax (CGT) and discretionary trusts…

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