yourfavouriteca

yourfavouriteca Chartered Accountant
Small business expert👩🏻‍💻
Helping you save tax and stay up to date on latest tax, money & business news🗞️
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05/08/2026

The temporary fuel excise relief officially ended at midnight on August 2, 2026.

The full tax rate returned to about 53.7 cents per liter, adding roughly 16 cents per liter back onto wholesale prices and pushing retail averages back up toward or past $2.00 a liter.

02/08/2026

That accounting software cost you keep avoiding? It's costing you more than you think.

I see business owners cutting corners on accounting software to save a few bucks a month, then losing hours (and money) to manual errors, missed deductions, and messy books.

Here's what good software actually gets you:
✅ Fewer errors (no more manual data entry mistakes)
✅ Automatic expense tracking
✅ Real-time view of cash flow and profit
✅ Faster tax time as everything's already organised
✅ More deductions caught, not missed
✅ Hours back in your week

Good software isn't an expense. It's leverage.

31/07/2026

"Your accountant hasn't told you this yet 👀

It's not a loophole, it's an actual strategy for people with a multiple property portfolio.

If one property (bought after 12 May 2026) is running a loss, you CAN still offset it — but only against income or gains from your OTHER residential properties. Not your salary. Not any other income source.

📌 The takeaway: If Property A is cash flow positive and Property B is negative, A's income can absorb B's loss. Excess losses carry forward too.

It's a portfolio-level game now, not a standalone one.

Drop a 🏠 if you own more than one rental property

Tag someone building a property portfolio

Not formal tax/financial advice.

31/07/2026

Well it's not a loophole, but an actual strategy for people with a multiple property portfolio.

Tax strategy: Got multiple properties? Here's how the new negative gearing rules actually work 🏠🏠

If one property (bought after 12 May 2026) is running a loss, you CAN still offset it but only against income or gains from your other residential properties, not your salary or other income sources.

So if Property A is cash flow positive and Property B is negative, A's income can absorb B's loss. Excess losses carry forward too.

It's a portfolio-level game now, not a standalone one. Save this if you're building a property portfolio 👇

NOT FORMAL TAX/FINANCIAL ADVICE.

AusTax CashFlow"

29/07/2026

Today, 29 June 2026, is the AUSTRAC reporting deadline. ⏰
Accountants, Lawyers, Real Estate Agents & Conveyancers - if you haven't lodged yet, now's the time.

✅ Submit your reports before the day ends
✅ Confirm your AML/CTF program is active and compliant
✅ Double-check your CDD documentation is in order
✅ Don't risk penalties for late lodgement

Tranche 2 compliance is here, and deadlines like this aren't ones to miss. If you're cutting it close, get it sorted before midnight. 💼⚖️🏠

LawyersOfInstagram AccountingCompliance

27/07/2026

The 4 Pillars Keeping Your Business Alive

Margins - Revenue means nothing if you're not keeping enough of it. Know your numbers.

Sales - Demand for your service/product and people willing to pay for it.

Process - The engine behind the scenes. If it breaks when you're not looking, it's not a system.

Cash Flow - Profitable on paper ≠ money in the bank. Timing is everything.

Master these 4, and you're not just running a business, you're building one that lasts. 💪

Which one's your weak spot? Drop it below 👇

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