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Eligible corporate tax entities can claim a refundable tax offset in 2026-27 tax returns to help with their cashflow.
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The introduction of the loss carry-back tax offset that was announced by the Australian Government in the 2026-27 Budget is now law. (ATO Bulletin published 8 September 2026)
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The law change is intended to help with cashflow and resilience. If you have paid tax during profitable years and then make a loss, you may be able to claim some of that tax back.
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The changes apply to income years starting on or after 1 July 2026.
Need advice or help with this or any Business matters? Contact Blackburn Accounting, your Family Business Specialists. We offer a range of services which include Family Business Management, Cashflow Management and Business Development.
Is that you, your Business!
Your Business is generating income; it looks good on paper, but your bank account doesn't have the corresponding available cash deposits!
In accounting language, your Profit and Loss statement can look healthy, but your bank balance paints a different picture.
This challenge faces many Businesses as they struggle with this cashflow disconnect, particularly during periods of transition or growth.
You may recognise these symptoms and causes.
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Infrequent or irregular expenses. If expenses such as loan repayments, insurance premiums or quarterly BAS are not factored or forecast in advance, their arrival can have a disastrous impact on cashflow reserves.
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No separation of funds. If all monies are bundled together in one account, it can make tracking the various items difficult. Payments like Tax, and GST can be overlooked or confused.
Don't wait or leave it to chance, hope or to those left behind; take simple steps in advance to put your affairs and ‘house’ in order.
The key elements in Estate Planning include;
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A Will
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Powers of Attorney
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Superannuation nominations
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Personal Records
Getting started. More than ever, as scams and AI technology invade our privacy and security, establishing and proving our identity and verification is crucial. It is a precursor and protection for later life, both in living and in passing, and essential in all areas of Estate Planning.
Tip: Begin by ensuring your Estate Planning is clearly documented, with all details accurately recorded and matching other documents and records.
For example, problems can arise for those born overseas if they have adopted English versions of their name or identified with familiar ‘family’ names rather than those recorded on birth certificates.
If you have ever attempted to row a boat, that is, not taken a cruise on a luxury 5-star liner, you will know how challenging rowing can be! It requires specific skills of precision! You have to pull on two oars simultaneously with equal force to navigate the water, move your boat, and safely reach your destination.
Are you a Leader? The same is true. Consider this analogy!
The metaphor of two oars of leadership represents People and Results. A Leader must simultaneously balance the needs of their Team with business goals. It takes this blend to lead effectively while moving steadily forward.
Leadership is engaging other people, staff, and teams to deliver desired outcomes. Leaders operate within a system, an organisation that requires the commitment and energy of competing forces (Leaders and Teams) to deliver results. This can be described as a yin-and-yang existence. A relationship between leaders and followers with tension and complexity but with a focus on the same goals.
Simply put, when you lead, there are two basic dynamics at play. You have control of the oars, but effective leaders apply equal force to bring people along while also setting and meeting Business results. It's all about balance. Like a rowboat, if you pull too hard on one oar, you will spin around in circles, going nowhere. Sound familiar? Have you experienced that?
Come on board!
The People Oar
This oar focuses on the human, empathetic side of leadership. This means;
With the hint of spring comes a scent of blossom fragrance, renewed energy and new life! A time of birth for seedlings, lambs and chicks. And a time, metaphorically speaking to spring-clean our nests, homes or Business.
Spring cleaning a small Business has many benefits for the Business, staff and your customers.
Decluttering files and space, reviewing finances, assessing systems and processes and updating your online presence can rejuvenate energy and thinking. Additionally, resetting routines and practices can improve productivity and better position your brand going forward.
Spring cleaning is also a wise and timely exercise as we embrace the new financial year. It is an opportunity to revisit budgets, forecasts, and performance. Learn from shortcomings, then take steps for improvement.
Don’t wait! Get out your duster and cleaning products!
Get your Business in great shape and order!
Here are 8 Top Tips to help you.
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Review your Business Plan. Does it still best serve your business interests and activities? Does it reflect your goals and current needs? A sound plan helps you make decisions and identify potential problems now and in the future.
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Declutter physical and digital space. Dispose of unused furniture & equipment, recycle excess stock, archive files and shred old paperwork. Clean up the digital space, files, junk box, and unsubscribe from emails as needed. Give everything a dusting and polish, and open a window for a breath of fresh air.
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