The 30% trust tax exposure draft introduces new planning options for discretionary trusts. We explain what has changed, how bucket companies may be affected, and the choices trustees should consider.
Build a more profitable and sustainable business by focusing on three key areas: your business model, client experience and internal processes. Take our five-minute business self-check to identify opportunities for improvement.
The ATO has tightened its approach to deductions for holiday homes that are also rented out. Learn how private use during peak periods could affect your ownership-cost deductions and what property owners should review before lodging their next tax return.
The 2026 Federal Budget proposes a 30% minimum tax on discretionary trusts, with significant implications for trust distributions, bucket companies, franking credits and family tax planning. This practical Cruz & Co guide explains the proposed changes, who may be affected and what trustees should consider before taking action.
2025–26 Financial Year Your 2026 Tax Time Essentials Guide Tax time is nearly here, and with 30 June fast approaching, now is the perfect moment to get your records in order, understand what you can claim, and make sure you’re not leaving money on the table — or in the ATO’s sights. Let’s walk through […]
Tax deductions play a crucial role in reducing taxable income for small businesses. By identifying and claiming eligible deductions, business owners can significantly lower their tax liability and free up resources to invest back into their operations. In this article, we will explore the ins and outs of tax deductions for small businesses, providing valuable […]
Tax planning is an essential aspect of financial management for individuals and businesses. It involves taking steps to minimise tax liability and maximise tax benefits, while also ensuring compliance with tax laws and regulations. Tax planning can provide significant benefits, including financial savings and better control over your finances. We will discuss the importance of […]
I have been asked numerous times “what can I do to lower my tax bill”. There are various ways to do this, but it ultimately comes down to educating yourself in this area. Lowering your tax bill can be achieved through various strategies that are legal and compliant with tax laws. Here are some tips […]
There are several strategies that businesses can review and implement before 30 June to reduce their tax liability and improve their financial position. Here are some things to consider: Prepaying expenses Businesses can review their expenses to ensure they are maximising their deductions. This includes reviewing and prepaying expenses such as rent, insurance, subscriptions, […]
Starting a business is an exciting and challenging time. While it may be tempting to handle all aspects of your new venture on your own, seeking the advice and guidance of an accountant can be invaluable. Here are some of the top reasons why start-up businesses should seek the services of an accountant: Financial Planning […]
