Member Updates
Scroll down to see details and thumbnail images of recent updates and download the file directly from this page. Go to Main Menu/Recent Updates to see all site updates.
- FBT 2025
- Tax Planning 2025
- Dividend Calculations 2024
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.
Calculations/2025/Tax Planning
Summary
Tax Planning Measures
Partnerships & Trusts
Dividend Calculations 2024
Updated – User Request
New columns have been added to this calculation to enable identification of franking credits that are not claimable under the holding period rule. You have the option of showing or hiding these new columns. Also enter franking credits received through partnerships and trusts to compare the client’s total franking credits with the small shareholder exemption threshold. Data entry has been streamlined to assume that all dividends qualify for the exemption and simply enter holding dates for the exception(s) to the rule.
Note: this calculator is not compatible with Excel versions 2021 and prior.
Click on the thumbnail below to preview the worksheet in this calculator or click DOWNLOAD to try it out.
Calculations/2024/Dividend Calculation
Practice Reminders
Activity Statements
Lodge and pay quarter 3, 2024–25 PAYG instalment activity statement for head companies of consolidated groups.
Lodge and pay March 2024 monthly business activity statement.
Activity Statements
Lodge and pay quarter 3, 2024–25 activity statement if electing to receive and lodge by paper and not an active STP reporter.
Pay quarter 3, 2024–25 instalment notice (form R, S or T). Lodge the notice only if you are varying the instalment amount.
Superannuation Guarantee
Make super guarantee contributions for quarter 3, 2024–25 to the funds by this date.
Note: Employers who do not pay minimum super contributions for quarter 3 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement by 28 May 2025.
TFN Report
Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 3, 2024–25.
Lost Members Report
Lodge lost members report for the period 1 July 2023 to 31 December 2024.
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% |