This October, Holman Hodge is opening its doors to ADL Fashion Week for an evening where business, creativity and couture come together.
Dress for Success – Where Business Meets Couture will transform the Holman Hodge workplace into a live couture editorial on Saturday, 10th October, as part of the 2026 ADL Fashion Week program.
The Federal Government has completed consultation on draft legislation proposing significant changes to the taxation of discretionary trusts. The consultation period closed on 18 September 2026, and the Government is considering feedback from industry groups, businesses and professional advisers before determining the final form of the legislation.
If enacted, the measures would represent a substantial change for many family groups, business owners and investors who use discretionary trusts for income distribution, asset protection and succession planning. However, the proposals remain in draft form and important details may change.
A significant shift in how trust distributions are viewed
On 10 June 2026, the High Court handed down its decision in Commissioner of Taxation v Bendel. This is a major development for family trusts and private business groups that use corporate beneficiaries as part of their structure.
As 30 June rapidly approaches, pharmacy owners should be actively reviewing their business and preparing for year-end obligations. Beyond the usual tax considerations, pharmacies face a unique mix of operating and accounting complexities that require a tailored approach. At Holman Hodge, we work closely with pharmacy clients and understand the critical role that clean, accurate reporting plays in presenting a true picture of your business to stakeholders, including banks.
Year end tax planning
As we approach the end of the financial year it’s a good time to start thinking about what you could do to minimise your tax liability, as well as other actions required before the end of the financial year (30 June).
There are some things that are new for 2026 and there are things that we talk to clients about every year.
