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- Trust Distributions 2025
- Tax Money
- FBT 2025
- Tax Planning 2025
Discretionary Trust Distributions 2025
Our trust distributions calculator has been designed to help you calculate tax-effective distributions by your discretionary trust clients. You can use it for both non-streaming and streaming distributions.
The process involves estimating net income of the trust for tax purposes, calculating tax-effective distributions to beneficiaries and converting those amounts to accounting distributions for the resolution.
You can view the marginal tax rates for all beneficiaries based on their non-trust income. The calculator will then show how much income is available at those marginal tax rates, allowing you to use the lowest tax rates first.
Once distributions for tax purposes have been determined and the corresponding accounting distributions calculated, you can complete the trustee resolution which is part of the file.
And when it comes to preparing the trust tax return, you input actual figures to the worksheet and the various components of those distributions will be calculated for each beneficiary and return form item.
Find it at Calculations/2025/Trust Distributions
Note: this calculator is not compatible with Excel versions 2019 and prior.
Click on the thumbnail below to preview the worksheets in this calculator or click DOWNLOAD to try it out.
Tax Money New
Our new Tax Money calculator is designed to help your small business clients keep a real-time estimate of future BAS, income tax and payroll related payments.
Identifying these amounts at their taxing point will help clients avoid spending funds that aren’t truly available. And, they could be “parked” in a separate high-interest savings account, or even a mortgage offset account in the case of a sole trader with a mortgage, until the payment is due.
Cashflow is the lifeblood of any business and tax payments are a significant part of cashflow. A recent CreditorWatch analysis revealed that 33% of businesses (1,715 out of 5,097) with tax debts over $100,000 had become insolvent or voluntarily closed over the previous 12 months.
Many small business clients lack the necessary resources, time or know-how to project their future tax payments and need your help.
If you already do the client’s bookkeeping, then using this calculator would fit in nicely with your services. Othewise the client could feed you the information on a regular basis or you could set up the calculator with opening balances and give it to the client for data entry.
These would be the ideal client types who would benefit from having their tax payments managed –
- New businesses without a PAYG instalment rate.
- Growing businesses.
- Clients who generally struggle to meet their ongoing tax obligations.
This is the process followed by the calculator in tracking tax payments –
- Enter Opening Balances of unpaid amounts at the start date.
- Enter summarised transactions from the start date to produce Estimates
- Enter Actuals when the forms are prepared and they replace the Estimates
- Enter Payments when made and the balance of “Tax Money” is calculated to compare with available funds.
Find it at Calculations/Budgets & Projections/Tax Money
Note: this calculator is not compatible with Excel versions 2019 and prior.
Click on the thumbnail below to preview the worksheets in this calculator or click DOWNLOAD to try it out.
FBT 2025
Whether you need to prepare an FBT return, or simply calculate the value of benefits for an employee contribution, our FBT files have you covered. The full set of working papers can be used for all employer and benefit types. These are the files for 2025 which are now available for download –
Excel Files
(a) FBT 2025. Full set of working papers.
(b) FBT Cars. Stand-alone calculator for cars only.
(c) FBT Reportable Benefits. Stand-alone calculator for reportable benefits only.
Letters
(a) FBT Return. Request details for FBT return and send with Forms (a) and (b).
(b) FBT Accounts. Request details for accounts only and send with Form (a).
(c) FBT Return Sign. Covering letter to send with the client’s FBT return for signature.
Forms
(a) FBT All Benefits Checklist. List of potential taxable benefits to send with Letters (a) and (b).
(b) FBT Car Benefits Schedule. Details of car benefits only. Send with Letter (a).
Click on the thumbnails below to preview the main worksheets in FBT 2025 or click DOWNLOAD to try it out.
Dashboard
Return Summary
Car Benefits
Tax Planning 2025
Our tax planning calculator for 2025 is now available for download. And you can view a video demonstration on YouTube here.
Use this workbook to help with tax planning opportunities for your clients. The important features of this calculator include –
- Analyse part year accounts and where they were prepared by your client, adjust for any errors to arrive at a true profit for the period.
- Calculate projected annual profit using one of 3 options –
- Annualise YTD profit; or
- Enter details of projected income and expenses to the end of the year; or
- Enter a summary of projected income and expenses to the end of the year.
- Adjust the projected annual profit for tax reconciliation items and calculate taxable/net income.
- Calculate projected marginal tax rates (MTRs) and income available at those rates for both the client and all related parties, including partners and beneficiaries where applicable.
- Project allocations of taxable/net income and/or make deductible payments to related parties tax-effectively using the lowest MTRs and income available at those rates.
Click on the thumbnails below to preview the main worksheets in this calculator or click DOWNLOAD to try it out.
Find it at Calculations/2025/Tax Planning
Summary
Tax Planning Measures
Partnerships & Trusts
Practice Reminders
Income Tax Returns
Lodge 2024 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups) and are not eligible for the 5 June concession.
Due date for companies and super funds to pay if required.
Note: Individuals and trusts in this category pay as advised on their notice of assessment.
Activity Statements
Lodge and pay April 2025 monthly business activity statement.
Fringe Benefits Tax
Final date to add new FBT clients to your client list to ensure they receive the lodgment and payment concessions for their fringe benefits tax returns.
Lodge and pay Fringe benefits tax annual return if lodging by paper.
Activity Statements
Lodge and pay eligible quarter 3, 2024–25 activity statements if you or your client have elected to receive and lodge electronically.
PAYG Withholding Variations
Request information for PAYG withholding variation applications for 2026 (letter available in “letters” module)
Super Guarantee
Lodge and pay quarter 3, 2024–25 Superannuation guarantee charge statement if the employer did not pay enough contributions on time.
Note: Employers who lodge a Superannuation guarantee charge statement can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.
Income Tax Returns
Lodge tax returns due for individuals and trusts with a lodgment due date of 15 May 2025 provided they also pay any liability due by this date.
Lodge tax return for companies and super funds with a lodgment due date of 15 May 2025 provided both the prior year and current year return will be non-taxable or result in a refund.
Note:
- This is not a lodgment due date but a concessional arrangement where failure to lodge on time (FTL) penalties will not apply if you lodge and pay by this date.
- Large and medium taxpayers and head companies of consolidated groups are excluded from this concession.
Activity Statements
Lodge and pay May 2025 monthly business activity statement.
FBT Return
Lodge and pay 2025 Fringe benefits tax annual return for tax agents if lodging electronically.
Super Guarantee Contributions
Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2024–25 financial year.
Child Care Subsidy and Family Tax Benefit Payments
If any of your clients receive Child Care Subsidy and Family Tax Benefit payments from Services Australia, the client and their partner must lodge their 2023–24 tax return by 30 June 2025, regardless of any deferrals in place. For more information see the Services AustraliaExternal Link website.
News
Lookup
2024 Resident Individual Tax Rates
| Taxable Income | Tax + Rate on Margin |
|---|---|
| $0 – $18,200 | NIL + NIL |
| $18,201 – $45,000 | NIL + 19% |
| $45,001 – $120,000 | $5,092 + 32.5% |
| $120,001- $180,000 | $29,467 + 37% |
| $180,001 and over | $51,667 + 45% |
| Plus Medicare Levy of 2% subject to thresholds |
2024 Resident Individual Average Tax Rates
| Taxable Income | Tax | Average |
|---|---|---|
| $50,000 | $6,717 | 13.43% |
| $100,000 | $22,967 | 22.97% |
| $150,000 | $40,567 | 27.04% |
| $200,000 | $60,667 | 30.33% |
| $300,000 | $105,667 | 35.22% |
| Plus Medicare Levy of 2% subject to thresholds |
2024 Work Deductions
| Motor Vehicle Cents Per Km | 85 cents |
| Home Office – Fixed Rate Method | 67c/hour |
| Overtime Meals Per Meal | $35.65 |
| Home Laundry – Work Clothes | $1/load |
| Home Laundry – Mixed Load | 50c/load |
Superannuation Contribution Caps
| Year | Concessional | Non-Concess |
|---|---|---|
| 2025 | $30,000 | $120,000 |
| 2024 | $27,500 | $110,000 |
Other 2024 Rates
| CGT Improvements | $174,465 |
| Car Depreciation Limit | $68,108 |
| FBT Rate (from 2021 to 2025) | 47% |
| Division 7A Interest | 8.27% |
| Superannuation Guarantee | 11.00% |
2025 Rates
| CGT Improvements | $182,665 |
| Car Depreciation Limit | $69,674 |
| FBT Rate (from 2021 to 2025) | 47% |
| Division 7A Interest | 8.77% |
| Superannuation Guarantee | 11.50% |