Taxable payments annual report (TPAR) amounts will pre-fill in your clients’ tax returns for sole traders and contractors this tax time. This reduces manual data entry for you and lowers the risk of omissions in your clients’ lodgments, especially for those who work across gig platforms or multiple Taxable payment reporting system (TPRS) industries. 

Wait until after 28 August to lodge tax returns for clients who provide TPRS services to reduce errors and the need for amendments, and check their pre-filled information is accurate before lodging. See the ATO Small Business Newsroom article for more information on TPAR pre-fill.

Now is the time to encourage clients who engage contractors to prepare and lodge their Taxable Payments Annual Report (TPAR). TPARs can only be lodged electronically. Supporting your clients to lodge their TPAR early helps them stay on track to avoid penalties and provide correct pre-fill for related entities’ tax returns. Clients with TPAR obligations must lodge them by 28 August each year.

If your client has had FRCGW withheld from a property sale, they need to lodge a tax return to have that amount credited to them. Find out what records your client needs to provide, how to correctly enter the details in their return and how the credit will be applied to the calculation of the capital gain or loss.

The ATO has published a Decision impact statement (DIS) in response to the High Court’s decision in Commissioner of Taxation v Bendel. It explains the effect of the decision and provides guidance about trust distributions and the operation of Division 7A. If you have private company clients potentially affected by the decision, we encourage you to read the DIS so you can support them. The DIS is open for comment until 24 July. Refer to the contact details in the DIS.

Avoid errors in your clients’ tax returns when reporting their crypto assets by understanding what the common mistakes are and how you can support clients to get it right. Making these mistakes can result in amendments and potentially lead to compliance action.

New Dynamic PAYG instalments method will help you align payments with real-time business performance from 1 July 2027.

Taxable payments annual report (TPAR) amounts will now pre-fill in your tax return.

Be ready to manage the new tax on large super balances starting on 1 July 2026.

The way the ATO calculate Total Super Balance for tax has changed – find out how your fund members will be affected.

Tips to help you advise your clients and common mistakes to avoid when reporting crypto assets for tax purposes.