2026 Federal Budget Tax Changes: What Accountants & Accounting Firms Need to Know
Every July, Australians await the federal budget to see what changes may be coming. For people in the profession dealing with tax—and its consequences—there’s another level of impact to consider.
As recruitment specialists in the accounting space, we find that the
2026 federal budget tax changes are especially significant for our clients and candidates. Impacting everything from workload and hiring needs to advisory expectations and demand for new skills, the budget always makes waves.
In this article, we’re going over what the changes mean for accountants, tax advisors, SMSF specialists, business services teams and accounting firms. With expert insight from
Will Millington, Director and Co-Founder of Rezonate Recruitment, we look at how to navigate tax planning, hiring and employment in the new financial year.
How does the 2026 federal budget impact tax planning?
When the Australian Government announces its budget, it has immediate effects on tax planning. Although some things are simplified this year, big changes—such as trusts and property tax—will lead to many conversations and questions from clients. Here, Will shares some topics that firms and accountants should prepare for.
- Trusts will face a new minimum tax rate, and, for applicable trusts, there’s a window to restructure. “Expect a lot of client questions here, starting now, even though it doesn't start for a couple of years.”
- Property tax changes, such as negative gearing and capital gains tax, are coming. “Although existing investors are protected, anyone buying or selling from 2027 onward will need guidance on the latest capital gains tax changes in 2026.”
- Research and Development (R&D) tax incentive rules are changing from 2028. “Anyone in tech, biotech, or manufacturing claiming this will need their numbers revisited.”
- New Loss Carry-Back rules will help businesses with cash flow when they make a loss. “Although genuinely helpful, the rules are new, so they’ll need explaining.”
In addition to becoming talking points for clients, the
2026 federal budget
tax changes also affect workload, advisory expectations, hiring needs and skill demand inside accounting firms.
How will the 2026 federal budget tax changes impact hiring?
One of the biggest impacts in
the accounting industry will be felt in staff resourcing. As a result of changing needs from clients and the ATO, firms must plan and build their advisory capabilities to ensure they have the in-house expertise to keep up.
“Firms should expect a steady increase in advisory work over the next couple of years, not just a short burst,” Will says. “As each change gets closer, client questions will come in waves.” Changes to the trust restructuring window will likely cause a rush of work. Likewise, more flexible tax instalments with the ATO will also affect how firms handle day-to-day compliance.
Rather than relying on referrals, Will suggests assessing whether your current team can handle the extra advisory work coming your way. “Firms that don't plan ahead for this may end up turning clients away or delaying them.” For accountants, having the skills to meet these demands is vital.
What skills do candidates need going forward?
As an accountant in the
post-2026 federal budget tax changes environment, certain skills will become even more valuable. Whether you’re building your career or transitioning to something new, focus on these.
Trust and succession planning
“This is about to become a sought-after speciality,” Will says, referring to upcoming changes. Likewise, for accountants in the R&D niche, your expertise will be especially helpful as tax incentive rules change.
Understanding the new capital gains tax rules and other changes
“Clients don't want jargon; they want to know what it means for them,” Will says. If you’re an accountant who can be an early expert, you’ll stand out. Understanding everything from the small business tax changes of 2026 to new property tax advice is essential.
Long-term support for clients
Gone are the days of accountants giving reactionary and short-term advice. “Most of these changes don't start immediately, so being able to guide a client through a multi-year plan is valuable.”
Equally valuable as your own abilities is the team you work in. Rezonate can help
connect you with accounting firms that value your skills and share your goals and client expectations.
Tips for keeping your firm ahead
When the government releases its federal budget each year, clients look to their accounting firms for critical advice. Here’s how to ensure you’re not only ahead of the latest tax changes but also remain a trusted and valuable advisor in the coming financial year.
Build a team with in-demand skills
To respond to the latest
Australian federal budget 2026 tax changes, your team needs accounting professionals with recent and hands-on experience in high-demand skills. These are some of the most valuable assets clients will need from your firm:
- Tax advisory and restructuring advice
- General business accounting
- Trust and property tax advice
- R&D specialists
- Self-managed super funds (SMSF)
It’s not all about the resume, though, as Will explains. “Don't just hire for technical skill,” he says. “Look for people who can explain things clearly to clients too. That's just as valuable right now.”
Start the conversation early
“Even though changes might not apply until the future, clients will appreciate hearing about them from you before they read about them elsewhere,” Will says. A proactive and forward-thinking team builds a lot more trust than a reactive one. “Be clear about what isn't changing too; it'll ease a lot of client worry.”
Segment your clients
The recently announced changes have vastly different impacts for trusts, investment properties, R&D claims, and more. So, it’s critical to understand the potential consequences for each group. “Work out which clients are actually affected and reach out to them directly, rather than waiting for questions,” Will says.
We’ll make you invaluable in FY27
Whether you’re an accountant or run a firm, you need to be ready to deliver once the 2026 federal budget tax changes take effect. At Rezonate, we know what the market’s doing and what’s coming next.
Start the conversation with our team and let us help you prepare.













