Dan Bates & Associates

15/06/2026

Tax Tip Tuesday Budget Special**— some genuinely good news for small business!

Two wins from the Federal Budget worth knowing about:

✔️ The $20,000 instant asset write-off is now permanent for businesses with turnover under $10 million. No more wondering each year whether it'll be extended — it's here to stay.

✔️ Loss carry back is returning from 1 July 2026. If your company makes a loss, you may be able to offset it against tax you paid in the previous two years — which could mean a refund.

Not sure how these apply to your business? That's exactly what we're here for. 😊

**Please note: these measures are still subject to Parliament passing the legislation. We'll keep you updated as things progress.

🔗 www.dkba.com.au

11/06/2026

New business tip — separate your finances
💡 New business tip (and yes, this one's a tough love moment!)

The business bank account is not your personal petty cash fund.

One of the best habits you can build as a business owner is keeping your personal and business finances completely separate. That means:

✔️ A dedicated business bank account
✔️ Paying yourself a regular wage or drawings
✔️ Never dipping into the business account for personal expenses

It makes your bookkeeping cleaner, your tax return simpler, and gives you a much clearer picture of how your business is actually performing.

Need help setting up the right structure? That's exactly what we're here for. 😊

08/06/2026

Tax Tip Tuesday Budget Special**— important news for property investors!

Two significant changes are coming for residential investment properties:

🏠 Negative gearing — from 1 July 2027, losses on established investment properties can only be offset against rental or property capital gains income, not your regular income. This applies to properties purchased after 7:30pm on 12 May 2026.

📈 Capital gains tax — from 1 July 2027, the 50% CGT discount will be replaced by cost base indexation, with a 30% minimum tax on gains.

If you own investment property — or are thinking about buying — now is a great time to have a chat with us about what this means for your situation.

📞 🔗 www.dkba.com.au
📌 Please note: these measures are still subject to Parliament passing the legislation. We'll keep you updated as things progress.

04/06/2026

Engagement letters explained
🤔 Ever wondered why we send you an engagement letter every year?

We know it can feel like paperwork for the sake of it, but here's why it matters:

An engagement letter sets out exactly what work we're doing for you, what we need from you, and what you can expect from us. It protects both of us and makes sure we're all on the same page.

We update it each year because your circumstances change — new business, new property, life events — and your engagement letter should reflect that.

Questions about your letter? Just ask! We're always happy to explain. 📬

🔗 www.dkba.com.au

01/06/2026

Tax Tip Tuesday — Budget Special**
$1,000 work expense deduction - this one's for every working Australian!

From 1 July 2026, there'll be a new $1,000 standard deduction for work-related expenses.

Here's what that means in plain English: if your work expenses are under $1,000, you won't need to keep receipts or itemise anything. The deduction is automatic.

If your expenses are more than $1,000, you can still claim the full amount the usual way — nothing changes there.

Simple, and good news for a lot of people. Do you have questions? We're here! ☕

**Please note: these measures are still subject to Parliament passing the legislation. We’ll keep you updated as things progress
🔗

Discover Dan Bates & Associates, your trusted Kempsey NSW accounting firm. We provide expert business advice and tailored financial solutions.

22/05/2026

Gentle Reminder for our business clients… if we’re lodging your BAS it’s due next week!
Please make sure you’ve signed the paperwork so we can lodge on time.

18/05/2026

Tax Cuts are coming!
⚡ Tax Tip Tuesday — good news for employees!
The 16% tax rate drops to 15% from 1 July 2026, and then down to 14% from 1 July 2027.
If you earn between $18,201 and $45,000, you'll be paying a little less tax each year. 🎉
Employers, your payroll software should update automatically, but it's worth double-checking with your accountant or bookkeeper.
We're here if you have questions.
More budget updates are coming each Tuesday over the next few weeks. Stay tuned! 😊
www.dkba.com.au
**Please note: these measures are still subject to Parliament passing the legislation. We’ll keep you updated as things progress.

18/05/2026

Federal Budget 2026-27**
Here's what it means for you.
The Federal Budget 2026-27 was handed down on 12 May 2026, and there are some changes that will affect a lot of our clients — from property investors to small business owners to everyday employees.
Over the coming weeks we'll be sharing the key updates in bite-sized Tuesday tips, but here's the short version:
✔️ Tax rates are dropping for most workers from 1 July 2026
✔️ A new $1,000 standard deduction for work-related expenses is coming ✔️ Big changes ahead for rental property investors (negative gearing & CGT)
✔️ The $20,000 instant asset write-off is now permanent for small business
✔️ Discretionary trust taxation is changing from 2028
There's a lot to take in — and as always, the details matter. If you're unsure how any of these changes affect your situation, we're here to help. 😊
📞 Give us a call or visit us at 🔗 www.dkba.com.au
** Please note: these measures are still subject to Parliament passing the legislation. We’ll keep you updated as things progress.

12/05/2026

Here’s a quick tip. You can keep an electronic copy of your receipts, but if you’re photographing or scanning them make sure you can see all of the document. We don’t want the date or the payment details or other important information to get cut off!

04/05/2026

Payday super starts from 1 July 2026.
For employers, this means you will have to pay your employees super each time you do a pay run.
Now is good time to check your payroll software is set up correctly.
If you’re not sure, or if you’re about to start using payroll software for the first time and want some advice, give us a call. We’re happy to help!