Taxpayers can no longer deduct general interest charges (GIC) and shortfall interest charges (SIC) incurred on or after 1 July 2025.
This change applies to GIC and SIC incurred from 1 July 2025 in respect of outstanding or late payments of tax for income years both before and after 1 July 2025. Any GIC and SIC already incurred prior to 1 July 2025 remains deductible for the 2024–25 and earlier income years.
What you need to do to correctly meet your Fringe Benefits Tax (FBT) obligations this FBT tax time.
Use these tips to get your clients’ capital gains tax (CGT) right the first time.
Request an FBT client list, add new clients and notify ATO if your clients don’t need to lodge an FBT return.
Digital is the best way to lodge partnership SODs
Accessing your super early can come with serious consequences.
Changes to foreign purchases of established dwellings.
The Government announced they will deliver new tax cuts to every Australian taxpayer. This measure is not yet law.
While most lawyers do the right thing, ATO reviews of the legal profession reveal lower rates of lodgment and on-time payment of tax than they would like to see. Find out what the ATO and the community expect of your lawyer clients so you can help them get it right.
Learn about key system updates in Online services for agents.