Octopus Accounting & Tax Advisory

Octopus Accounting & Tax Advisory We are committed to providing bespoke and expert accounting services.

The ATO is obtaining Australian electoral roll information from the Australian Electoral Commission as part of its ongoi...
01/09/2026

The ATO is obtaining Australian electoral roll information from the Australian Electoral Commission as part of its ongoing data-matching program.
The information will be compared with the ATO’s existing records to identify non-compliance with tax and superannuation obligations.
The data collected may include registered voters’ names, residential addresses, s*x, dates of birth and occupations.
The ATO estimates it will receive records relating to approximately 18 million individuals each quarter.

The ATO has published a Division 7A benchmark interest rate of 8.77% for the income year ending 30 June 2027, up from 8....
25/08/2026

The ATO has published a Division 7A benchmark interest rate of 8.77% for the income year ending 30 June 2027, up from 8.37% for the previous income year.

23/08/2026

First COVID. Then inflation. Higher interest costs. Rising wages. Now more tax changes.

Small business owners are working harder—but many are keeping less.

In today’s environment, seeing your accountant only once a year is no longer enough.

Your accountant should help you understand:

• Where your profit is really going
• Whether your pricing still works
• How much cash you need to reserve
• How tax changes may affect your structure
• What action you should take before it is too late

If your accountant only explains what happened last year, they are looking in the rear-view mirror.

You need someone helping you see what is coming next.

At Octopus Accounting, we don’t just prepare the numbers—we help business owners use them to make better decisions.

Is your accountant helping you plan ahead?

20/08/2026

🚨 Card surcharges are disappearing—but card-processing fees are not.

From 1 October 2026, businesses will generally have to absorb the cost when customers pay by Visa, Mastercard, eftpos or American Express.

Meanwhile, the ATO currently charges taxpayers up to 2.03% to pay by card.

So here is the real question:

Will the ATO also stop charging—or will small businesses be held to a different standard?

The fee has not disappeared. Someone else is simply paying it.

Fair reform, or another cost pushed onto small business? Let me know what you think.

Government to re-introduce loss carry back for companiesThe Government has recently introduced legislation to re-introdu...
18/08/2026

Government to re-introduce loss carry back for companies
The Government has recently introduced legislation to re-introduce the 'loss carry back' measure for companies from 1 July 2026.
If enacted, this will allow most companies to carry back a tax loss and apply it against tax paid in either, or both, of the previous two income years, basically giving rise to a tax refund for the loss year.

The Government has recently introduced legislation that would make the $20,000 instant asset write-off permanent for sma...
11/08/2026

The Government has recently introduced legislation that would make the $20,000 instant asset write-off permanent for small businesses (as announced in the 2026 Federal Budget).
If enacted, the changes would:
1. permanently set the instant asset write-off threshold at $20,000 (instead of $1,000) for eligible depreciating assets first used, or installed ready for use, for a taxable purpose from 1 July 2026; and
2. permanently set the general small business pool threshold at $20,000 from 1 July 2026.
The changes would also further suspend the 'lock-out rule' until 30 June 2027.

10/08/2026

Video 10 – What Should You Do Now?

Don't panic.

Don't rush into restructuring.

But don't wait until June 2028 either.

Start reviewing your trust now while there are still options available.

Need a second opinion? We're happy to help.

📩 Send us a message.

07/08/2026

Video 9 – Asset Protection

The lowest tax isn't always the best outcome.

Your structure should protect your assets, your family and your future—not just reduce tax.

💬 What's more important to you: tax savings or asset protection?

New restrictions on LRBAsRecently enacted legislation imposes new restrictions on the use of limited recourse borrowing ...
07/08/2026

New restrictions on LRBAs

Recently enacted legislation imposes new restrictions on the use of limited recourse borrowing arrangements ('LRBAs') by SMSFs.
LRBAs entered into on or after 10 August 2026 to purchase real property can now only be used to acquire business real property.
These changes do not apply if an SMSF:
1.has already entered into an LRBA to finance a real property acquisition before 10 August 2026; or
2.maintains or refinances that LRBA on or after 10 August 2026.
'Business real property' generally means land and buildings used wholly and exclusively in one or more businesses.

06/08/2026

Video 8 – Property Inside a Trust

Thinking about moving investment property into a company?

Before you do...

Understand what could happen to your future Capital Gains Tax.

💬 Is your property owned personally, in a trust or a company?

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Sydney, NSW
2110

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