Ask yourself these questions before you apply for lodgment deferrals –

1. Are the circumstances exceptional or unforeseen?
2. Does your client have a 15 May due date?
3. Do you need tailored support?

If your SMSF had transfer balance account events in the last quarter, you must lodge a TBAR by 28 April 2025.

The benchmarks are a valuable tool for small businesses wanting to stay in good financial health.

It is important all NFPs are aware of their obligations and don’t delay lodging their first self-review return.

Commencing for the 2023–24 income year, more than 100,000 non-charitable not-for-profits (NFPs) with an active Australian business number (ABN) are now required to lodge an annual self-review return to notify of their eligibility to self-assess as income tax exempt.

What you need to do if you are a foreign person buying Australian residential or non-residential assets.

• Steps to buying Australian residential property
• Are you a foreign person buying property iin Australia
• Types of property you can buy
• Apply to buy residential property as a foreign investment
• Residential fees for a foreign person
• Request waiver of an application fee
• Exemption certificates for property developers
• How a foreign person registers a residential property
• Vacancy fee return for foreign owners
• How a foreign investor registers non-residential assets
• How the ATO ensure compliance by a foreign person
• Contact the ATO about foreign investment
  
  

If using a tax agent to lodge your SAR, your lodgment due date is either 15 May or 5 June 2025.

ATO data matching program uses third-party data, including property management data, to identify taxpayers who may be failing to meet their lodgment obligations.

In March, they’ll be contacting agents of taxpayers identified through data matching as having omitted rental property income from their tax returns. This correspondence will highlight the errors and provide an opportunity for you to help your clients correct any mistakes.

As the 2025 fringe benefits tax (FBT) year is wrapping up, keep across alternative record keeping options. This also marks the end of the plug-in hybrid electric vehicle (PHEV) exemption that may impact your employer clients’ obligations for the year ahead.  

ATO Deputy Commissioner, Will Day highlights their newest focus areas to help you get it right in 2025.

Learn about new draft Division 7A guidance on section 109R and how you can give feedback during consultation.