Small and medium business clients now have up to 4 years to request an amendment to their tax assessments for income years starting on or after 1 July 2024.

It’s time to review your client list. Find out why it’s important and how to get it right.

Find out how to calculate small business pool events under simplified depreciation rules for small business.

Find out what’s involved in completing the trustee declaration correctly and how long you need to keep it.

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

Register now to join the ATO’s interactive webcast for tax professionals on Thursday 19 June from 2:00 to 3:00 pm AEST. Hear about Tax Time 2025, lodgment, cyber security and more. You’ll also have the opportunity to ask their live panel questions during the event.

If you’ve lodged a deferral request and the ATO have varied or declined it and you’re dissatisfied with their decision, you can request an informal review by completing the Review of deferral decision form in Online services for agents. When submitting this form it’s important to select the correct topic and subject to ensure your request is directed appropriately.

Changes to the deductibility of general interest charge (GIC) take effect soon. Any GIC incurred on or after 1 July will no longer be tax deductible. This means your clients will pay more to carry a tax debt.

The ATO’s Tax Time 2025 toolkit includes occupation-specific guides on common work-related expenses and information to help your clients understand what income they need to declare.

Tips to help SMSF auditors meet trustee declaration requirements and avoid compliance issues.