Member Updates
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- 2025 Personal Return Forms
- Sophisticated Investor Certificates
- Trust Distributions 2025
- Tax Money
2025 Personal Return Forms
Records checklists and interview notes for personal returns for 2025 are now available for download.
Send the records checklists to clients to make sure you get all the information you need to prepare their return and avoid time wasting requests for missing information. There are two records checklist options; a simple one-page checklist and a six-page checklist on which the client can record information. Choose the version that best suits the needs of your practice.
Use the interview notes when you are only collecting information for the client’s return. This form lists each return item alongside which you can make any relevant notes to help with the preparation of the return at a later time.
Click on the links below to preview and download each of these forms.
Forms/Records – Personal Return Short
Forms/Records – Personal Return Long
Interview – Tax Return
Sophisticated Investor Certificate User request
This handy worksheet will help you calculate gross income and net assets for a sophisticated investor certificate.
Find it at Calculations/Financial/Sophisticated Investor
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.
Practice Reminders
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.
Activity Statements
Lodge and pay June 2025 monthly business activity statement.
Lodge and pay quarter 4, 2024–25 PAYG instalment activity statement for head companies of consolidated groups.
Activity Statements
Lodge and pay quarter 4, 2024–25 activity statement if lodging by paper.
PAYG Instalments
Pay quarter 4, 2024–25 instalment notice (form R, S or T). Lodge the notice only if you vary the instalment amount.
Super Guarantee Contributions
Make super guarantee contributions for quarter 4, 2024–25 to funds by this date.
Note: Employers who do not pay minimum super contributions for quarter 4 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement by 28 August 2025.
TFN Report
Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 4, 2024–25.
Venture Capital Deficit Tax Return
Lodge Venture capital deficit tax return for June balancers.
Franking Account Return
Lodge Franking account return for 30 June balancers if there is an amount payable.
Early Stage Innovation Company Report
Lodge Early stage innovation company report.
Community Housing
PAYG Withholding
Lodge PAYG withholding payment summary annual report for:
- large withholders whose annual withholding is greater than $1 million
- payers who have no tax agent or BAS agent involved in preparing the report.
Activity Statements
Lodge and pay July 2025 monthly business activity statement.
Activity Statements
Lodge and pay quarter 4, 2024–25 activity statement if you lodge electronically.
Taxable Payments Annual Report (TPAR)
Lodge Taxable payments annual report (TPAR).
Note: The TPAR tells us about payments that are made to contractors for providing services. Some government entities also need to report the grants they have paid in a TPAR.
Superannuation Guarantee
Lodge and pay quarter 4, 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.
Activity Statements
Lodge and pay August 2025 monthly business activity statement.
PAYG Withholding Payment Summary Annual Report
Lodge PAYG withholding payment summary annual report if prepared by a BAS agent or tax agent excluding large withholders whose annual withholding is greater than $1 million.
TFN Withholding Annual Report
Lodge Annual TFN withholding report 2025 if a trustee of a closely held trust has been required to withhold amounts from payments to beneficiaries.
Annual PAYG Instalment Notice
Pay annual PAYG instalment notice (Form N). Lodge only if you vary the instalment amount or use the rate method to calculate the instalment.
Activity Statements
Lodge and pay quarter 1, 2025–26 PAYG instalment activity statement for head companies of consolidated groups.
Lodge and pay September 2025 monthly business activity statement.
Activity Statements
Lodge and pay quarter 1, 2025–26 activity statement if lodging by paper.
Pay quarter 1, 2025–26 instalment notice (form R, S, or T). Lodge the notice only if you vary the instalment amount.
Lodge and pay annual activity statement for TFN withholding for closely held trusts where a trustee withheld amounts from payments to beneficiaries during the 2024–25 income year.
Superannuation Guarantee
Make super guarantee contributions for quarter 1, 2025–26 to funds by this date.
Note: Employers who do not pay minimum super contributions for quarter 1 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement by 28 November 2025.
New Clients
Final date to add new clients to your client list to ensure their 2025 tax return is covered by the lodgment program.
Note: The lodgment program is a concession to registered agents. We can ask for documents to be lodged earlier than the lodgment program due dates.
Income Tax Returns – Prior Year Return(s) Outstanding as at 30 June
Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2025.
Note:
- This means all prior year returns must be lodged, not just the immediate prior year.
- If all outstanding prior year returns have been lodged by 31 October 2025, the lodgment program due dates will apply to the 2025 tax return.
- SMSFs in this category must lodge their complete Self-managed superannuation fund annual return by this date.
SMSF Annual Returns – New Funds
Lodge and pay Self-managed super fund annual return for (taxable and non-taxable) new registrant SMSF if we have advised the SMSF that the first-year return has a 31 October 2025 due date.
Income Tax Returns – Prosecuted for Non-lodgment of Prior Return(s) and Advised to Lodge by 31 October
Lodge tax return for all entities prosecuted for non-lodgment of prior year returns and advised of a lodgment due date of 31 October 2025:
- Some prosecuted clients may have a different lodgment due date – refer to the letter you received for the applicable due date.
- Payment (if required) for individuals and trusts in this category is due as advised in their notice of assessment.
- Payment (if required) for companies and super funds in this category is due on 1 December 2025.
- SMSFs in this category must lodge their complete Self-managed superannuation fund annual return by this date.
Annual Investment Income Report
Lodge Annual investment income report (AIIR).
Departing Australia Superannuation Payments Annual Report
Lodge Departing Australia superannuation payments (DASP) annual report.
Franking Account Tax Return
Lodge Franking account tax return when both the:
- return is a disclosure only (no amount payable)
- taxpayer is a 30 June balancer.
PAYG Withholding Annual Report No ABN Withholding
Lodge PAYG withholding annual report no ABN withholding (NAT 3448).
PAYG Withholding From Interest, Dividend and Royalty Payments Paid to Non-residents
Lodge PAYG withholding from interest, dividend and royalty payments paid to non-residents – annual report (NAT 7187). This report advises amounts withheld from payments to foreign residents for:
- interest and unfranked dividend payments that are not reported on an Annual investment income report (AIIR)
- royalty payments.
PAYG Withholding Annual Report – Payments to Foreign Residents
Lodge PAYG withholding annual report – payments to foreign residents (NAT 12413). This report advises amounts withheld from payments to foreign residents for:
- entertainment and sports activities
- construction and related activities
- arranging casino gaming junket activities.
Lost Members Report
Lodge lost members report for the period 1 January – 30 June 2025.
TFN Report for Closely Held Trusts
Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 1, 2025–26.
Not-For-Profit
Lodge not-for-profit (NFP) self-review return for non-charitable NFP entities with an active Australian business number (ABN) that self-assess as income tax exempt.
Activity Statements
Lodge and pay October 2025 monthly business activity statement.
Activity Statements
Lodge and pay quarter 1, 2025–26 activity statement if you lodge electronically.
Superannuation Guarantee
Lodge and pay quarter 1, 2025–26 Superannuation guarantee charge statement if the employer did not pay enough contributions on time.
Note: Employers lodging 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.
Pay Income Tax
Pay income tax for taxable large and medium taxpayers, companies and super funds. Lodgment of return is due 31 January 2026.
Pay income tax for the taxable head company of a consolidated group with a member deemed to be a large or medium taxpayer in the latest year lodged. Lodgment of return is due 31 January 2026.
Pay income tax for companies and super funds when lodgment of the tax return was due 31 October 2025.
Activity Statements
Lodge and pay November 2025 monthly business activity statement.
News
Lookup
2025 Return Forms & Instructions
| Individuals Return Instructions Supp Instructions | Partnerships Return Instructions | Trusts Return Instructions |
| Companies Return Instructions | SMSFs Return Instructions | FBT Return Instructions |
2025 Resident Individual Tax Rates
| Taxable Income | Tax + Rate on Margin |
|---|---|
| $0 – $18,200 | NIL + NIL |
| $18,201 – $45,000 | NIL + 16% |
| $45,001 – $135,000 | $4,288 + 30% |
| $135,001- $190,000 | $31,288 + 37% |
| $190,001 and over | $51,638 + 45% |
| Plus Medicare Levy of 2% subject to thresholds |
Work Deductions
| Deduction | 2025 | 2024 |
|---|---|---|
| Motor Vehicle Cents Per Km | 88 cents | 85 cents |
| Work From Home – Fixed Rate Method | 70c/hour | 67c/hour |
| Overtime Meals Per Meal | $37.65 | $35.65 |
| Home Laundry – Work Clothes | $1/load | $1/load |
| Home Laundry – Mixed Load | 50c/load | 50c/load |
Superannuation Contribution Caps
| Component | 2026 | 2025 | 2024 |
|---|---|---|---|
| Concessional | $30,000 | $30,000 | $27,500 |
| Non-Concessional | $120,000 | $120,000 | $110,000 |
Other Rates
| Item | 2026 | 2025 | 2024 |
|---|---|---|---|
| CGT Improvement Threshold | $182,665 | $174,465 | |
| Car Depreciation Limit | $69,674 | $69,674 | $68,108 |
| FBT Rate | 47% | 47% | 47% |
| Division 7A Interest Rate | 8.77% | 8.27% | |
| Superannuation Guarantee | 12.00% | 11.50% | 11.00% |