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May 2026

Budget 2026-27: Major Tax Changes and Business Measures at a Glance

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Measures and start date at a glance Budget measure Application date Major tax reform   Negative gearing for residential homes will be limited to new builds –       losses from established residential properties will only be deductible against rental income or the capital gains from residential properties Established residential properties acquired prior to 7:30 pm (AEST) […]

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Practical Help for Businesses Impacted by Fuel Disruptions

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With global fuel supply chains still under pressure, many Australian businesses are feeling the impact through higher operating costs, delayed deliveries and tighter cash flow. To support affected businesses, the Treasurer and the ATO have announced targeted relief to provide short-term breathing room. This is not a broad stimulus program. The support is practical, temporary

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May 2026 Essential Tax Summary

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A proposed $1,000 instant tax deduction and the ATO’s response to the fuel crisis The Government has released an exposure draft Bill for the previously announced $1,000 standard deduction for work-related expenses, which is expected to apply from 1 July 2026, if passed in its current form. There are also flow-on impacts to other areas

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May 2026 Tax Due Dates

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Key Tax Due Dates Registered agent lodgment program due dates for May 2026 Last updated 1 July 2025 Here are the key lodgment and payment dates for May 2026. 12 May Quarter 3 activity statements for January to March are due for lodgment and payment if lodged electronically. This applies where the business is eligible

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Reshika Kumar

Administration Officer

With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.

With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.

Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.

Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!