Member Updates
Scroll down to see the following information about recent site updates and practice reminders –
- Journal For Changes 2025
- Job Budget 2026
- Discretionary Trust Distributions 2026
- FBT 2026
- Tax Planning 2026 Update
- Practice Reminders
Journal For Changes 2025 version 2
We have redesigned this workbook to allow easier copy and paste of trial balances whether they be one column or two.
15 April 2026
Job Budget 2026 version 2
This workbook has been re-designed for easier budgeting. Apart from the new layout, you can now filter on key components of the budget and calculate a budget for, or quote on, a multi-year job.
11 April 2026
Our trust distributions calculator for 2026 is now available for download. Key features include –
- Use it for both non-streaming and streaming distributions.
- View the marginal tax rates for all beneficiaries based on their non-trust income.
- See how much income is available at those marginal tax rates.
- Based on 2 and 3 above, enter distributions for tax purposes and the workbook converts those amounts to accounting distributions for the resolution.
- 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 accounting distributions to the worksheet, and the various components of those distributions for tax purposes will be calculated for each beneficiary and return form item.
8 April 2026
Fringe Benefits 2026
All FBT content for 2026 has now been uploaded to our site. That content includes –
Excel Files
FBT JobPaper – an all-in-one workpaper solution for FBT jobs.
FBT Cars – calculate car benefits only.
FBT RFB – calculate reportable benefits only.
Letters
FBT Return – request details for FBT return.
FBT Accounts – request details for employee contribution.
FBT Return Sign – send return for signature.
Forms
FBT All Benefits Checklist – list of potential benefits to send with FBT letter.
FBT Car Benefit Schedule – send with FBT letter to get car details.
2 April 2026
Tax Planning 2026 – Version 2 (member request)
A gross profit calculator has been added to the projected income schedule to calculate gross profit from multiple trading activities.
23 March 2026
Activity Statements
Lodge and pay quarter 3, 2025–26 PAYG instalment activity statement for head companies of consolidated groups.
Lodge and pay March 2025 monthly business activity statement.
Activity Statements
Lodge and pay quarter 3, 2025–26 activity statement if lodging by paper.
Pay quarter 3, 2025–26 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, 2025–26 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 2026.
TFN Report
Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 3, 2025–26.
Lost Members Report
Lodge lost members report for the period 1 July 2024 to 31 December 2025.
Income Tax Returns
Lodge 2025 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 2026 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, 2025–26 activity statements if you lodge electronically.
PAYG Withholding Variations
Request information for PAYG withholding variation applications for 2027 (letter available in “letters” module)
Super Guarantee
Lodge and pay quarter 3, 2025–26 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 2026 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 2026 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 2026 monthly business activity statement.
FBT Return
Lodge and pay 2026 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 2025–26 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 2024–25 tax return by 30 June 2026, regardless of any deferrals in place. For more information, see the Services AustraliaExternal Link website.
News
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2025 Return Forms & Instructions
| Individuals Return Instructions Supp Instructions | Partnerships Return Instructions | Trusts Return Instructions |
| Companies Return Instructions | SMSFs Return Instructions | FBT 2026 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 | $187,962 | $182,665 | $174,465 |
| Car Depreciation Limit | $69,674 | $69,674 | $68,108 |
| FBT Rate | 47% | 47% | 47% |
| Division 7A Interest Rate | 8.37% | 8.77% | 8.27% |
| Superannuation Guarantee | 12.00% | 11.50% | 11.00% |