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ATO Focus for the New Year As businesses return from the holiday break, the ATO is closely monitoring late lodgements and unpaid obligations. January is a common month for reminder notices, so getting back on top of your compliance early can help avoid penalties and interest. Key focus areas include: Late or missed BAS lodgements Unpaid superannuation contributions GST discrepancies identified through data-matching Unreported income, including side income and investments Smal

As 2025 draws to a close, it’s a good time for both small businesses and individuals to review their tax and compliance positions. The ATO continues to focus on key areas such as GST reporting, superannuation obligations, and non-traditional income streams. Staying on top of these now can help you avoid surprises and start 2026 on a strong footing. Key Dates 21 December 2025  - November 2025 monthly BAS due for lodgement and payment ATO Compliance Spotlight The ATO continues

November is a key month for small businesses and individuals to stay on top of obligations, plan ahead, and make the most of tax and super opportunities. Here’s what to focus on this month. Increased focus on data‑matching and undeclared income The ATO continues to expand its data‑matching programs, including rental income, overseas merchant transactions, and other third‑party data feeds. Letters are being issued to taxpayers whose income appears undeclared. Tip: Individuals

October has brought several important tax and superannuation updates from the Australian Taxation Office (ATO). Here’s a summary of the key developments relevant to individuals and small businesses New Effective Lives for Depreciating Assets The ATO has released the Income Tax (Effective Life of Depreciating Assets) Determination 2025 , which replaces the 2015 version from 1 October 2025.This update changes how businesses calculate depreciation deductions, so it’s important t

Here are the key tax dates and compliance reminders for September. Please reach out if you’d like help with lodgements, planning or reviewing your current position. Key Dates 21 September 2025  – August 2025 monthly BAS due for lodgment and payment. 30 September 2025  – PAYG withholding payment summary annual report due (if not already reported through STP). Closely held trust trustees: TFN annual report due. PAYG Instalments If your income is tracking differently this year,

Here’s a quick summary of important tax updates and compliance reminders for August. Please get in touch if you have any questions or need assistance. Key Dates 21 August 2025  – July 2025 monthly BAS due for lodgement and payment. 28 August 2025  – Deadline for superannuation contributions if using the Small Business Superannuation Clearing House to meet the 28 July quarterly deadline. 31 August 2025  – Taxable Payments Annual Report (TPAR) due for businesses that provide: B

As we start a new financial year, here’s a roundup of the key tax and compliance updates from the ATO that may impact you or your business: Don’t Lodge Your Tax Return Too Early Although it may be tempting to lodge your return as soon as the financial year ends, doing so can often lead to errors or the need for amendments. Many employers, banks and government agencies do not finalise their reporting until mid-to-late July. The ATO reported that more than one in five early lod

As we approach the end of the financial year, there are a few key ATO updates and reminders worth noting for both small business owners and individuals. Key Dates to Keep in Mind 5 June 2025 - Final lodgement date for 2023–24 income tax returns for clients with a 15 May deadline (using a registered agent). Any tax payable must also be paid by this date to avoid penalties. 25 June 2025 - If your business provides fringe benefits, the 2025 FBT annual return is due for electro

Whether you're running a business or working remotely, these updates are worth knowing to keep your finances sharp and your compliance on point.  Personal Tax Cuts Locked In   Big changes are coming to personal income tax:  From 1 July 2026, the 16% tax bracket will drop to 15%  Then down again to 14% from 1 July 2027  These staged cuts aim to provide relief for working Australians and reduce bracket creep over time.  $20K Instant Asset Write-Off Extended    Great news for sm

As the 2024–25 financial year heads into its final quarter, the ATO has released several updates relevant to small business owners and individual taxpayers. Here's what you need to know this week: 1. Key Lodgement & Payment Deadlines 21 April 2025  Due to lodge and pay the March 2025 monthly BAS. Also the due date for Quarter 3 PAYG instalments for companies with head entity status. 28 April 2025  – Lodgement and payment deadline for: Quarter 3 activity statements (if lodging