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Add new clients to your fringe benefits tax (FBT) client list by 21 May to ensure they’re covered by your lodgment program. Notify the ATO as early as possible if your FBT registered clients don’t need to lodge an FBT return.
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Payday Super is coming, and employers need to be ready for changes to how super is calculated, paid and reported.
To help your employer clients prepare, the ATO has released a new video explaining what’s changing for super guarantee and the super guarantee charge, and how these changes will affect payment processes.
Sharing this video with your employer clients can help them understand what’s changing, reduce last-minute pressure, and set their business up for a smoother transition.
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See how the ATO is intensifying their compliance actions and the consequences for those who omit or under‑report income.
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The ATO focus on businesses that use cash to avoid obligations.
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From 1 July, you’ll need to calculate super contributions based on qualifying earnings instead of ordinary time earnings.
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Don’t miss the deadline! Be sure to make your minimum payment from your pension account by 30 June.
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How tax professionals can register to attend webinar sessions for the ATO app.
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Ask yourself these questions before you apply for lodgment deferrals.
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What the Super Fund Lookup (SFLU) compliance status means and how it affects your SMSF.
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From 1 June, study and training loan balances will be indexed at 2.8%. Indexation applies to the outstanding balance and is based on the lower of the Consumer Price Index or the Wage Price Index. Now is a timely opportunity to remind clients they can reduce their loan balance before indexation applies.
To ensure a voluntary repayment is processed in time, clients need to factor in payment processing. The ATO recommend that all voluntary repayments are made by 26 May. BPAY or credit card are the quickest and most reliable methods for meeting the deadline.
