It’s 2026 Tax Planning Season: Why We Plan Before 30 June (Not After)
When most people think about tax, they think about tax returns.
But smart tax outcomes happen well before your return is lodged.
That’s where tax planning comes in.
What Is Tax Planning?
Tax planning is the process of forecasting your expected income, tax payable, and cash flow before the end of the financial year, then identifying strategies that are:
- legal,
- practical, and
- aligned with your broader financial or business goals.
Many strategies - like super contributions, trust distributions, or timing of income and expenses - are time-sensitive and must be implemented before 30 June.
Once the year ends, most opportunities are gone.
Why FY2026 Is Different
With the Federal Budget being handed down on 12 May 2026, there is growing discussion around:
- possible changes to capital gains tax treatment, and
- adjustments to personal income tax settings.
While we don’t plan based on rumours, we do plan with flexibility - ensuring decisions made before 30 June still make sense under multiple scenarios.
What Our Tax Planning Involves
Depending on your situation, tax planning may include:
- forecasting tax payable for individuals and entities,
- reviewing trust and business structures,
- planning super contributions,
- managing capital gains or significant one‑off income,
- and ensuring trust distribution requirements are met.
For some clients, it’s about reducing tax.
For others, it’s about knowing exactly how much tax is coming - and when.
Timing Matters
We typically begin tax planning from May through mid-June, once March quarter numbers are available. This allows enough time to model scenarios and implement strategies properly - without last‑minute stress.
If you’d like to be part of this year’s tax planning round, now is the time to let us know.
