Your Major May Tax Dates
We’re seeing a very different political landscape, and as we’ve been suggesting for some time, significant change is approaching. We’re not here to create fear—we remain positive and focused on ensuring our clients are well positioned and ahead of these changes.
Are you across the following?
- Payday superannuation from 1 July 2026 is fast approaching (with cash flow implications for businesses).
- The ATO Super Clearing House will close on 30 June.
- Superannuation caps are increasing from 1 July—planning opportunities may be available.
- The ATO’s approach to holiday homes is tightening significantly.
- Increased ATO scrutiny on twin cab utes and logbook compliance.
- Long-discussed capital gains tax changes may be on the horizon (is it time to review CGT positions before Budget night?).
- Potential changes to negative gearing.
- Anti-money laundering reforms affecting businesses (particularly ours).
- Federal Budget: 12 May (read our newsletter on the morning of the 13th).
- Tax update seminar: Tuesday 26 May, 6pm at Kingston Arts (invitations sent 13th).
Simply reply to this email or contact your CIA tax accountant directly—tax planning for 2026 has never been more important.