The 2026–27 Federal Budget has introduced a significant suite of tax measures impacting businesses, ranging from permanent instant asset write-offs and the reintroduction of loss carry back, through to substantial changes to the R&D tax incentive regime and broader structural reforms. While the technical detail is important, the real impact will be felt in your FY27 financials – changes to your cashflows, effective tax rate, deferred tax balances, and forecasting assumptions.
Join Himashini Weeraratne, Partner – Corporate Tax, Ramana Thirumoorthy, Director – Corporate Tax and Owen Carew, Partner – Financial Reporting Advisory, where they’ll move beyond the headlines and explore what this means for your business in practice:
- Cash vs accounting outcomes: How loss carry back and refundability measures shift tax losses from future benefit to immediate cash outcomes and the corresponding reporting impact
- Timing differences and earnings volatility: The impact of accelerated deductions (including permanent instant asset write-offs) on ETR and financial reporting
- R&D incentive changes – value vs complexity: Higher incentives for core activities, but with tighter eligibility and greater scrutiny
- Incentives under pressure globally: How global minimum tax rules (Pillar Two) may dilute or reshape the value of domestic tax concessions
- Governance and audit readiness: Increased focus from regulators and auditors on substantiation, internal control, and classification
This session is designed for CFOs, finance leaders and tax teams navigating the intersection of tax policy and financial reporting.
