Accounts by Comport

02/06/2026

Australia's 2.8 million lowest-paid workers have been handed a 4.75 per cent increase to their minimum wage from 1 July.

The Fair Work Commission, the country's workplace relations tribunal, handed down its annual wage review decision on Tuesday.

The increase takes the minimum wage for a worker on the modern award system to $1,004.90 per week or $26.44 per hour.

Learn more: https://bit.ly/4vet5JW

28/05/2026

28/05/2026

I haven’t killed the Peace Lily and I’ve officially been in the new office for 28 days 🤩

19/05/2026

Discretionary trust restructure may have stamp duty implications........

Small businesses forced to restructure their financial affairs due to tax changes could face state stamp duty bills costing hundreds of thousands of dollars.

Read more: https://ebx.sh/s9DXVx

15/05/2026

Your final pay MUST include:
- wages owed for the hours you’ve worked (including any penalty rates or allowances)
- unused annual leave (including leave loading if it would’ve been paid when you took leave).

If applicable, it also needs to include:
- payment in lieu of notice
- redundancy pay
- long service leave.

12/05/2026

12/05/2026

Jim Chalmers has announced the most ambitious and politically risky tax changes since the Howard era as part of a federal budget that defies the looming economic threat of the Iran war to push Australia along the “hard road to reform”.

Arguing that the Australian public is ready for difficult choices aimed at reviving intergenerational fairness and the collapsing dream of home ownership, the government will scale back tax breaks for landlords by abolishing negative gearing for new investors and replacing the 50% capital gains tax discount with the inflation-linked approach that existed before 1999.

Treasury modelling suggests that the property tax changes will help an extra 75,000 Australians “achieve the dream of home ownership” over the coming decade.

Story by Patrick Commins, Economics editor. Read more. 🔗👉 https://www.theguardian.com/australia-news/2026/may/12/australia-federal-budget-2026-tax-capital-gains-negative-gearing-economy-housing-ndis-cost-of-living-oil-prices?CMP=soc_567

03/05/2026

Commencing 1st July 2026 there will be a change to what you can claim without receipts.

A major tax shake-up means you’ll be able to claim up to $1000 in work-related expenses without having to keep receipts. https://www.smh.com.au/money/saving/a-free-1000-not-quite-here-s-how-the-new-instant-tax-deduction-works-20260430-p5zslj.html?utm_content=feed&utm_term=metros_social_eds&utm_medium=social&utm_campaign=sydney_morning_herald&utm_source=Facebook =1777759703

29/04/2026

Finally settled into Moorabbin just in time for the mad race to the tax agent FY2025 deadline on 15th May 2026.