Budget 2026-27: 50% CGT discount replaced with indexation from 1 July 2027 💰 Treasury May 2026 Budget 2026-27: 30% minimum tax on capital gains from 1 July 2027 💰 Treasury May 2026 Budget 2026-27: Negative gearing limited to new residential builds from 1 July 2027 💰 Treasury May 2026 Budget 2026-27: Negative gearing losses on established properties quarantined to residential property income only 💰 Treasury May 2026 Budget 2026-27: Existing properties held before 12 May 2026 grandfathered – negative gearing unchanged 💰 Treasury May 2026 Budget 2026-27: New build exemption preserves negative gearing for properties that add housing supply 💰 Treasury May 2026 Budget 2026-27: 30% minimum tax on discretionary trust distributions from 1 July 2028 💰 Treasury May 2026 Budget 2026-27: Bucket companies face effective tax rate of up to 63% on trust distributions 💰 Treasury May 2026 Budget 2026-27: Bucket company double taxation risk – trustee pays 30%, company taxed again on full distribution 💰 Treasury May 2026 Budget 2026-27: Corporate beneficiaries cannot claim credits for trustee-level tax paid 💰 Treasury May 2026 Budget 2026-27: Income splitting via bucket companies materially undermined by trust tax changes 💰 Treasury May 2026 Budget 2026-27: Rollover relief available from 1 July 2027 to restructure out of discretionary trusts 💰 Treasury May 2026 Budget 2026-27: $250 Working Australians Tax Offset introduced 💰 Treasury May 2026 Budget 2026-27: $1,000 instant tax deduction for work-related expenses from 2026-27 💰 Treasury May 2026 Budget 2026-27: $20,000 instant asset write-off for small business made permanent 💰 Treasury May 2026 Budget 2026-27: $745.1 million to strengthen Medicare integrity and combat fraud 💰 Treasury May 2026 Budget 2026-27: $86.3 million for Phase 2 Counter Fraud Strategy 💰 Treasury May 2026 Budget 2026-27: $17.8 million for ASIC to enhance managed investment scheme oversight 💰 Treasury May 2026 Budget 2026-27: $136.1 million to complete business registers stabilisation 💰 Treasury May 2026 Budget 2026-27: Tax rate on $18,201-$45,000 income drops to 15% from 1 July 2026 💰 Treasury May 2026 Budget 2026-27: Inflation forecast to reach 5% by mid-2026 due to global oil shock 💰 Treasury May 2026 Budget 2026-27: Australia's gross debt forecast to reach $1.05 trillion by June 2027 💰 Treasury May 2026 Budget 2026-27: Projected deficit of $31.5 billion for 2026-27 💰 Treasury May 2026 LISTO income threshold rises to $45,000 with max payment $810 from 1 July 2027 💰 Treasury May 2026 Superannuation assets exempt from CGT discount changes 💰 Treasury May 2026 Paid Parental Leave extended to 26 weeks with super contributions from 1 July 2026 💰 Treasury May 2026 Division 296: 30% tax on super earnings above $3M, 40% above $10M from 1 July 2026 📋 ATO May 2026 Payday Super: Employers must pay super within 7 days of payday from 1 July 2026 📋 ATO May 2026 Concessional super cap rises to $32,500, non-concessional to $130,000 from 1 July 2026 📋 ATO May 2026 ATO given new powers to pause tax debt recovery for victims of fraud by intermediaries 📋 ATO May 2026 ATO to recover tax debts directly from fraudulent tax intermediaries 📋 ATO May 2026 ATO garnishee powers expanded to include jointly held assets 📋 ATO May 2026 ATO: Targeted compliance on R&D Tax Incentive fraud over next two years 📋 ATO May 2026 ATO: Transfer balance cap increases to $2.1 million from 1 July 2026 📋 ATO Mar 2026 ATO: Operation Protego – former ATO employees sentenced for GST fraud 📋 ATO Feb 2026 ATO: 200+ SMSF auditor reviews completed, 41 referrals to ASIC 📋 ATO Dec 2025 ASIC receives $10.3M to enhance data supervision of managed investment schemes ⚖️ ASIC May 2026 ASIC: Private capital enforcement focus continues through 2026 ⚖️ ASIC May 2026 ASIC: Civil penalty proceedings against nearly two dozen defendants in Shield collapse ⚖️ ASIC Apr 2026 ASIC: DDO stop orders issued against private credit funds over TMD deficiencies ⚖️ ASIC Mar 2026 ASIC: Actions against 28 SMSF auditors – 22 registrations cancelled ⚖️ ASIC Mar 2026 ASIC: Urgent cyber security warning against frontier AI threats ⚖️ ASIC Feb 2026 ASIC: NSW construction director disqualified for five years ⚖️ ASIC Jan 2026 ASIC: Review commenced into advice licensees using lead generation services ⚖️ ASIC Dec 2025

"In levying taxes and in shearing sheep

it is well to stop

when you get down to the skin." 

"The hardest thing in the world 

to understand is the income tax."

"Whilst Prof. A. O'Malley

might have a reasonable point here,
it's off-world to know

Albert Einstein even had time to spare
a comment on taxes,

let alone his prudence in aphorism

beside his E=MC^2!


Anyhow, 'let's get down to business'

or 'back to the reality', o dear!
(not that 'business' or 'reality'...

like Eminem's rap'oetic sarcasm,
unless you still wanna stick

to the likes of O'Mally's 'aphorism'
- like that of Em's "circus in the town" - 

yeah nah, mate, not today...not going there!)
 
...so, the reality that's devoid of

the likes of those classical warfare
between George Bernard Shaw

and William Shakespeare...
or you may name a few newer,

as if Em would care!
 
Yeah, you got me there...!

I am archaic - a wee bit, for sure -
but my crazy views

may resonate, to be real or pure,
only up to that of the unstoic views

of Em's rap'oetic era...
'Cause I know you know

when I say "quel che sera sera"!
 
Okay, without further ado,

the inevitability which is -
we can't evade tax,

that's even if we're dead...
but it may be minimised or avoided
while we are alive

by doing the 'right things'!
 
And following those 'right things' is my business.
I do no miracles or no different than other RTAs
as long as they're breathing in Down-Under
keeping their head high with fairness and honour!
 
I go by the books

and I do need to see that tax invoice of yours
more often...unless...

you're signing your life away to me!
Haha! I don't need your life

but those tax invoices of yours
with nexus kept in a legible state

enough to meet the 'prima facie'!
 
That's pretty much me what's said above
apart from what's little more in 'About us' below...
Wanna pay heed to few more thoughts like above?
Head down to our Media page, reeeaaal slow!"
 
– iqCron Accounting
(The Accountant)
(not even close to that of Ben Affleck's... 😉!

rON - Director - iqcron accounting pty ltd

About us

Welcome to iqCron Accounting

~Where Numbers Meet Personality~

 

Think of us as an oasis of boutique accounting, bookkeeping, tax return preparation and lodgment services (yes, "lodgment" - no missing "e," no dramas). Fun fact: Tax law officially blessed that spelling back in 1953. So if you were about to side-eye us over it, joke’s on you - we’ve just proven our PhD in attention to detail. (You’ll see. 😉)

 

Meet 'Ron'

~Your Tax Whisperer~

Irfanul Quader Chowdhury (also knows as - Ron), director of iqCron Accounting Pty Ltd, is a registered tax agent and numbers aficionado with a double degree in Accounting & Finance from Edith Cowan University. His career has more subsections than a tax return: financial accountant, tax consultant, payroll wizard, and even aviation security resource planner for employers like Taxation Services Australia, H&R Block, Perth Airport ISS Aviation Security, Vita Group, and Woolworths.

 

In 2022, after leveling up with a Tax Agent Certification from Monarch Institute, Ron launched iqCron Accounting - where precision meets a no-panic approach to taxes.

 

When He’s Not Crunching Numbers, He’s…

- Reeling in fish (or tax deductions).

- Dabbling in cryptos - because even taxes need a digital detox sometimes. 

- Playing scoop shots over the keeper's head - whether facing yorkers or year-end reconciliations.

- Debugging life’s little puzzles (with the boss of the cosmic house as co-pilot in their neurodivergent adventure).

- Template-ing his emails to hack away life's friction (because typing 'hope you're well' for the 1000th time is just bad code).

- Automating the boring, demystifying the scary, and coding no-code bots with a conscience - because robots need heart too.

 

We Speak Your (Tax) Language

Whether you’re a sole trader, company, trust, partnership, landlord, crypto enthusiast, or SMSF trustee, we’ve got you covered. Gig economy side hustle? Airbnb empire? We’ll tackle your GST and income taxes so you can focus on the fun stuff.

 

Join our friendly and compliant tax team -

where "stress-free" and "ATO-approved" actually coexist.

 

Let’s make taxes less taxing!