Why we need to think about tax at the end of the calendar year — and how to set up for a better 2026
As the calendar year draws to a close, most people turn their attention to holidays, summer plans, or simply winding down. Yet this period is also one of the most important times to pause and consider your tax position. While tax time may feel months away, many of the decisions that influence your 2025–26 outcome need to be made before 31 December. Acting early doesn’t just help reduce stress later — it can create real financial advantages.
Why Year-End Tax Planning Matters
Maximise deductions before it’s too late.
Smooth out cash flow for the year ahead.
Avoid surprises at tax time.
Align your tax strategy to life changes.
Smart Tax Tips for 2026
Looking ahead to the 2026 financial year, there are several steps individuals and businesses can take now to set up for success.
Review your income structure.
Plan your deductible contributions.
Organise your records early.
Consider capital gains implications.
Revisit your business structure.
Why Your Relationship With Your Accountant Matters
Tax is not just a once-a-year event. It’s an ongoing process that benefits enormously from a strong, proactive relationship with your accountant.
A trusted adviser brings clarity to complex rules, ensures you don’t miss opportunities, and helps you interpret how legislative changes affect your goals.
National AI plan must move fast to protect Australians
Australians are being promised better protection against scams and AI-generated abuse.
The release of the federal government’s National AI Plan comes after it said artificial intelligence would become a national priority as it consulted on copyright law changes.
Investment markets and key developments – Weekly market update 28-11-2025