Get ready for 2026FY Tax Planning with Inspire

Tax planning for the 2026 financial year will kick off in April. Inspire’s proactive tax planning aims to help you legally minimise tax, stay compliant and make better informed financial decisions.  

1. Maximising your savings – Identify key deductions and strategies to minimise tax liability. 
2. Compliance ready – Develop a clear plan to meet compliance requirements such as Division 7A, trust distribution, issuing dividends and FBT obligations. 
3. Timing matters – Set up or update required structures before 30 June. 
4. Gain a strategic advantage – Get clear on your tax position so you can make informed financial decisions and plan for future growth. 
5. Peace of mind & clarity – Early preparation and organisation during tax planning will aid in the preparation of your 2026FY financial statements & tax returns and ease the pressure of lodgement deadlines. 

 To ensure a smooth tax planning process with your accountant, consider the following: 

• Reconcile your Xero (or accounting software) file up until 31 March 2026 or up until the end of the last month. 

•  Assess your business performance for the months leading up to 30 June, including projected sales, expected expenses, and any significant changes in cash flow.  

• Let your Accountant know if you are planning a major purchase in the next 12 months (this can be a car, a home, an investment property etc.) 

• Review your accounts receivable (people who owe you money) for any old debts that are unlikely to be paid. 

Learn more about 2026FY Tax Planning from our recent Webinar: