Tax and business news

Since 1 July 2026, super has been part of every pay run, not a quarterly job. Two months in, here is what small employers are getting wrong — and how to fix it before it costs you.

Company loss carry-back has been enacted. The provisions commence on 1 October 2026 and apply to eligible loss years starting on or after 1 July 2026.

Beyond the headline tax reforms, the Budget included narrower measures — and some widely discussed taxes did not broadly change at all.

Small businesses may soon be able to calculate PAYG instalments monthly using current accounting data. That could make payments more responsive, but it will also reward tidy books.

The Government proposes to let eligible young companies turn early tax losses into cash refunds. The idea is promising, but the employee-tax cap will make workforce structure very important.

The Government proposes a 30% minimum tax for many discretionary trusts from 1 July 2028. Draft legislation is out but it is not yet law. Here is what it could mean for family trusts, bucket companies and small businesses.

The full EV FBT exemption is proposed to narrow from April 2027 and become a partial discount from April 2029. Existing arrangements receive important grandfathering.

Higher VCLP and ESVCLP limits could give Australian venture funds more room to support businesses as they scale. Registration and investment eligibility will still do the heavy lifting.

The $20,000 instant asset write-off is now permanent from 1 July 2026. Here is who qualifies, what “under $20,000” means and why timing still matters.

The Government proposes higher R&D support for experimental work and young companies, alongside tougher targeting rules. The headline rate is only one part of the story.