Share
FirstTech Podcast
Tax return tips to help implement financial planning strategies
Season 1, Ep. 205
•
As we step into the 2026-27 financial year, advisers are actively helping clients plan and implement strategies for the year ahead. However its just as important to look back, as the way clients complete their 2025-26 tax returns can have a direct impact on the success of the financial planning strategies advisers recommended for the 2025-26 year.
Several financial planning strategies rely on the correct completion of the individual tax return. If key items are missed or incorrectly reported, the strategy may not work as intended, and in some cases, may even trigger adverse tax consequences.
More episodes
View all episodes
206. Question of the month: Who pays SMSF establishment costs?
08:02||Season 1, Ep. 206Craig Day and Tim Sanderson discuss the ATO's guidance on SMSF establishment costs, including when members can pay and be reimbursed, when those costs may be treated as contributions and which establishment expenses can be charged to the SMSF.204. Latest News - September 2026
30:38||Season 1, Ep. 204Craig Day, Linda Bruce, William Truong and Kim Guest discuss the latest technical news:Draft legislation for the 30% minimum tax on discretionary trusts2026 Intergenerational Report and the implications for retirement and aged care adviceHow Payday Super is operating three months from commencement203. Latest News - August 2026
29:22||Season 1, Ep. 203Craig Day, Linda Bruce, Tim Sanderson, Alex Denham and Kim Guest discuss the latest technical news:CGT and negative gearing changes, in situations involving death and relationship breakdownProposed super reforms in relation to SMSFsChanges to the payment of pension supplement when going overseasDeeming rate from 20 SeptAnnouncement regarding Commonwealth Home Support Program202. Protecting SMSFs: Understanding the Proposed Reforms
26:40||Season 1, Ep. 202Peter Burgess, CEO of the SMSF Association talks to Craig Day about the proposed super reforms to strengthen customer protections in relation to SMSFs.201. Capital gains taxed at minimum 30% rate - impact on personal deductible contribution strategies
21:11||Season 1, Ep. 201From the 2027-28 financial year, significant changes to CGT rules mean that some clients will realise capital gains that are subject to a minimum 30% tax rate.For these clients, the benefit of making a personal deductible super contribution, as well as the optimum contribution amount, may change compared with current strategies.200. Latest News - July 2026
18:07||Season 1, Ep. 200Craig Day, William Truong, Richard Chen and Kim Guest discuss the latest technical news:Release of Treasury consultation paper on proposed tax changes to discretionary trustsATO releases guidance on SMSF LRBA ban on residential propertyChanges to UK pension transfers198. Proposed minimum tax on discretionary trusts
25:31||Season 1, Ep. 198Following the May 2026 Federal Budget announcement to introduce a 30% minimum tax on discretionary trusts from 1 July 2028, Treasury released a consultation paper in early July.In this podcast, Craig Day and Linda Bruce discuss how the proposed reforms could significantly affect clients who operate businesses or hold investments through discretionary trust structures, potentially resulting in higher tax liabilities and changes to existing planning strategies.199. Extended land use test and aged care
16:58||Season 1, Ep. 199Craig Day and Kim Guest discuss the Centrelink and aged care implications of a person who is eligible for the extended land use test entering residential aged care.