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 •

Business Income and Expense Declaration

(- Fill in and submit this form (without our assistance) to be considered for our discounted $220 to $330 fee for a yearly business tax return.

- For sole-trade non-GST registered business only. 

- Ts&Cs apply - retail fee starts from $440.)

Name of the responsible officer/owner/signatory: *
Business, entity or your full name: *
Australian business number (ABN): *
Email address: *
Financial year (FY): *

 

👉 Please complete the PSI/PSB test by visiting the ATO website here; and, attach a clear screenshot of the result page with this form. If the result is not conclusive, most likely your ABN activities are not considered business activities for the applicable financial year/s. We need to determine this first during our appointment time. If you already completed this test, what was the PSI/PSB test result?

 *

Were you or your business registered for GST during the above financial year?

 *

👉 Where applicable, income and expenses amounts below should be excluding GST if you were GST-registered for that FY. Otherwise, full or GST-inclusive amounts should be entered. You may mention in the notes section at the end whether the amounts are including GST or not. Under the same ABN, if you ran more than one business activity that relates to a different business industry, you need to fill in this form separately again for that different business activity.

 *

Business Income: 

Did you earn any business income in the applicable financial year?

 *
Name or type of business activity and industry: *
Gross income: *
Gross interest income:
Government or industry grant income:
Business related insurance payout income:
Other business income:

Business Expenses: 

Did your business incur any business-related expenses in the applicable financial year?

 *
Business start-up expenses:
Opening stock:
Purchases and other direct costs:
Closing stock:
Contractor, sub-contractor and commission expenses:
Wages expense:
Superannuation expense:
Bad debt expense:
Lease expense:
Interest expense within Australia:
Rent expense:
Depreciation expense:
Accounting/bookkeeping fees:
Business PL/PI insurance:
WorkCover insurance:
Tools of trade expense (each below $300):
Repairs and maintenance expense:
Printing, stationaries and supplies:
Subscription fees:
Utilities:
Home office running expenses:
Home office occupancy expenses:

Motor vehicle (MV) expenses: 

Did your business incur any business-related MV expenses in the applicable financial year?

 *
Car registration number:
Car make and model:
Car lease expense:
Car interest expense:
Car depreciation expense:
All other business-related car expenses total:
Log-book business percentage:
Total Business KM travelled in the FY:
Total Private KM travelled in the FY:

All other expenses (non-capital): Did your business incur any other business-realted non-capital expenses excluding any non-capital expenses enlisted above?

 *
All other non-capital expenses amount:

Capital expenses: 

Did you buy any business related asset costing more than $300 in the applicable financial year?

 *
New office or work furniture:
New business vehicle/car:
New mobile/laptop/pc:
New tools and machineries:
New plants and equipment:

Deferred non-commercial losses: Did your business have any deferred non-commercial losses from prior year/s?

 *
Deferred non-commercial losses from prior year/s:
Message/notes:

Taxpayer's declaration:

I, above mentioned responsible officer/owner/signatory, confirm and declare that the information provided in this form is true and correct; and I have necessary evidence to support it as per the ATO's stringent SUBSTANTIATION requirements (whcih I have visited, read and understood); and I am authorised to make this declaration.

 *

I, above mentioned responsible officer/owner/signatory, agree to the iqCron Accounting's Terms and Conditions (whcih I have visited, read and understood); and Privacy Policy (whcih I have visited, read and understood) where applicable.

 *
Date of Declaration: *
Notes:
Attachment: (if any; if the file size is greater than 2MB, email it to us at admin@iqcron.com.au instead.)

Max file size (Mb): 2

Max number of files: 1

 

Disclaimer: The contents of this form are confidential and may be protected by copyright and/or legal privilege. Any unauthorised use, reproduction, disclosure or distribution of the information contained in this form is prohibited. Anyone intending to apply any information contained in this form to their practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. This is NOT the actual tax return form for lodgement to the ATO. This form is used by us for the purpose of collecting your or your entity’s required true and correct information to consider a discounted fee for the business section of your tax return lodgement only. This discounted fee apply to small businesses with simple tax affairs only where total income and expenses are less than $45k and $10K respectively. Extra fees would apply if this would require our assistance or inquiry or review or if you have other incomes (i.e salary, wages, shares etc) and expenses and/or visit us for an in-person consultation. For ease of sharing your information with us, we may still ask you to fill in this form even when a discount is not applicable due to the nature and scale of your business.

Instructions:

✅ Fill in all required fields with red asterisk mark *.

✅ Rotate your mobile device to landscape mode to see the full instructions in the form-fields.

✅ Complete the Google reCAPTCHA ("I'm not a robot") if prompted.

✅ Click Next/Submit.

 

If successful, you'll see:

👉🏻 A confirmation message ("Form submitted successfully").

👉🏻 Client-to-agent nomination steps for partnership, company, trusts and other applicable entities.

👉🏻 Option to book an appointment (if applicable).

 

If the page doesn’t advance:

☑️ Ensure all fields are filled.

☑️ Check that reCAPTCHA is completed (at least accept reCAPTCHA cookie before start using the site).

☑️ Refresh the page and resubmit.

☑️ Start a new session if issues persist or call us for assistance (0422 270 122).