The Federal Treasurer handed down the 2026-27 Federal Budget on 12 May 2026. There's a lot to unpack — so we've done the work for you. Here are the key announcements that matter most to our clients. Income Tax Cuts — Already Legislated The Government has confirmed previously legislated personal income tax cuts: From 1 July 2026 — the 16% tax rate on income between $18,201 and $45,000 reduces to 15% From 1 July 2027 — the same rate reduces further to 14% This is particularly g

So often, business owners see their accountants as a 'necessary evil' — someone you call once a year to tick the compliance box. But your accountant has so much more to offer. And right now, with major changes on the horizon, staying informed has never been more important. What is Payday Super? From 1 July 2026, employers will be required to pay superannuation on the same day as wages, not quarterly as most do today. This is one of the biggest changes to payroll obligations i

What is Personal Services Income (PSI)? According to the ATOs definition, Personal Services Income (PSI) is income produced mainly from your personal skills or efforts as an individual. Personal Services Income can be derived from just about any industry – i.e. a trade or profession. Some common examples include financial professionals, information technology consultants, engineers, construction workers and medical practitioners. Note that PSI does not affect you if you'r