JD Scott & Co

JD Scott & Co We work with growing small businesses to improve profits, boost cashflow and reduce tax. At JD Scott & Co, our goal is simple.

To help our clients solve their accounting, tax, and business problems. As one of Sydney’s leading Chartered Accounting firms, we aim to help build your business and wealth, empowering you to reach your goals. We can help you face new challenges throughout every stage of your journey by focusing on building long-lasting relationships rather than one-off solutions. We’ll act as your trusted advisor

, helping you to make key financial and business decisions. We offer a complete financial solution for you, helping with everything from bookkeeping to complex tax structuring. Our qualified and professional team has a wide variety of experience, so you can trust that we have a solution to your problem.

Accounting is changing, fast.James Scott recently joined Carlos Tse on the AccountantsDaily 'Under the Hood' podcast to ...
10/06/2026

Accounting is changing, fast.

James Scott recently joined Carlos Tse on the AccountantsDaily 'Under the Hood' podcast to talk through the big conversations happening in the profession:
- Perspective as the first line of defence against burnout
- What actually makes succession planning work: transparency, honest conversations, and aligned expectations
- The case for non-accountant professionals in accounting firms
- How AI is eliminating low-value admin and freeing accountants up for the work clients value most

Thanks to AccountantsDaily for having us. Watch the full podcast here: https://youtu.be/1d_nSlh30-g?si=RYJOhuyNXidsrdKd

Less than one month until Payday Super.From 1 July 2026, super must be paid on every payday, not quarterly. That means t...
04/06/2026

Less than one month until Payday Super.

From 1 July 2026, super must be paid on every payday, not quarterly. That means tighter cash flow, more frequent processing and significant penalties for missed payments.

We've pulled together a factsheet to keep all the important information in one place and help your business get prepared.

Download the free guide here: https://share-ap1.hsforms.com/1OSz9tcCDScSMHeAN6p80Ag3muc8

03/06/2026

Is your trust structure dead?

As a key 2026 Federal Budget measure, the Government announced it will introduce a 30% minimum tax on discretionary trusts from 1 July 2028.

If your business structure includes a trust/bucket company, this could change everything.

Here’s James’s reaction to the changes and a suggestion for what could have been a simpler solution.

Two weeks ago, Jim Chalmers handed down a contentious Federal Budget designed to achieve "intergenerational equity." Whe...
26/05/2026

Two weeks ago, Jim Chalmers handed down a contentious Federal Budget designed to achieve "intergenerational equity." Whether it achieves that is another question.

With legislation being introduced tomorrow, these are our initial reactions.

In this video, our Managing Director James Scott shares his reflections on the proposed tax changes and discusses some changes he would have liked to see implemented instead.

We cover:
- Removal of the Capital Gains Tax (CGT) discount;
- Taxation of trusts;
- Removal of negative gearing;
- Impact on small businesses; and
- The potential for an increase to the Goods and Services Tax (GST), or an increase to marginal rate thresholds.

Watch the full video here: https://youtu.be/kHE-3JClUu8

Payday super is fast approaching. Have you updated your processes?From 1 July 2026, super must be paid on every payday, ...
21/05/2026

Payday super is fast approaching. Have you updated your processes?

From 1 July 2026, super must be paid on every payday, not quarterly. That means tighter cash flow, more frequent processing and significant penalties for missed payments.

We've pulled together a factsheet to keep all the important information in one place and help your business get prepared.

Download the free guide below 👇
https://share-ap1.hsforms.com/1OSz9tcCDScSMHeAN6p80Ag3muc8

June and EOFY are creeping up on us. Here are the tax deadlines for next month ❄️
19/05/2026

June and EOFY are creeping up on us. Here are the tax deadlines for next month ❄️

Tuesday's Federal Budget brings real consequences for small business owners.Some of the more significant proposals inclu...
14/05/2026

Tuesday's Federal Budget brings real consequences for small business owners.

Some of the more significant proposals include broader-than-expected changes to negative gearing and the CGT discount, as well as measures that could effectively bring an end to the pre-1985 CGT asset exemption. These rules are a real hit to long-running family businesses as well as startups founded in Australia.

The Budget also flagged a minimum 30% tax on discretionary trust distributions, an area already generating considerable discussion, particularly around the ongoing complexities of trust taxation, Division 7A and family trust distribution tax. This piles on top of an already complicated area and many business owners are already considering their options ahead of next year.

There are some genuine positives, including a permanent Instant Asset Write-Off, better targeting of R&D tax incentives and loss refundability for startups.

If you want to understand what the Budget changes actually means for your business beyond the headlines, Business NSW has put together a worthwhile read: businessnsw.com/members/member-alerts/federal-budget-2026-2027

With tax planning season approaching, reach out to the team to talk through how this impacts your situation.

Paying yourself as a business owner sounds simple... until it isn't.Between managing cash flow, understanding your tax o...
07/05/2026

Paying yourself as a business owner sounds simple... until it isn't.

Between managing cash flow, understanding your tax obligations and timing your drawings correctly, there's a lot to get right from the start.

Whether you've just launched your startup or are considering buying an existing business, how and when you pay yourself matters.

We break down the key considerations here and on our YouTube channel.

GST in property development is a complex topic and is best illustrated with practical examples. Our latest guide breaks ...
30/04/2026

GST in property development is a complex topic and is best illustrated with practical examples. Our latest guide breaks down what you need to know, including:

- The GST Margin Scheme and how it can reduce GST payable on new residential sales
- Input tax credits, timing, and apportionment
- Common mistakes that catch developers off guard

Read the full article here: https://jdscott.co/news/gst-on-property-development/

Looking for specialist advice from a team that works extensively with property developers? Reach out at [email protected].

Lest we forget.JD Scott + Co commemorates the service and sacrifices of Australians in all wars and military operations....
23/04/2026

Lest we forget.

JD Scott + Co commemorates the service and sacrifices of Australians in all wars and military operations. We will remember them.

We will be back on Tuesday.

Address

Suite 2. 03/Level 2, 139 Macquarie Street
Sydney, NSW
2000

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Website

http://jdscott.co/news/, https://www.youtube.com/@jdscottaccountant/videos, https://www.tiktok.c

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