A message from our Managing Partner,
As the end of the financial year approaches, it’s the ideal time to pause, reflect, and ensure your business is well-positioned for a strong start to FY2026. Have you done your 2026 Financial Year budget yet? If you need help that’s what we’re here for. Our team is here to support you with the tools, strategies, and expert advice needed to move into the new year with clarity and confidence.
A timely reminder: from 1 July 2025, general interest charges (GIC) and shortfall interest charges (SIC) will no longer be tax-deductible. If you’re managing or reviewing any tax debt, this change is important to factor into your planning. In addition, QCAT’s expanded commercial jurisdiction is now offering more efficient and cost-effective dispute resolution options particularly beneficial for small to medium-sized businesses in Queensland.
To help guide your year-end planning, don’t forget that our Pre- and Post-June 30th checklists are available on our website to help you ensure you’re ticking all the necessary boxes for this time of year.
On a personal note, thank you to everyone who has supported my 2025 Vinnies CEO Sleepout campaign. With your help, we reached our inital $5,000 target early and with 3 weeks to go we have now raised the goal to $6,000. If you’d still like to contribute, you can do so here: Donate to Leon’s CEO Sleepout.
As always, if you require extra help preparing your business’s finances for EOFY, please don’t hesitate to reach out.
Wishing you a successful start to the new financial year.
Kind Regards,
Leon Stephan
Managing Partner
Key Dates
Lodge tax returns due for individuals and trusts with a lodgment due date of 15 May 2025 provided they also pay any liability due by this date.
Lodge tax return for companies and super funds with a lodgment due date of 15 May 2025 provided both the prior year and current year return will be non-taxable or result in a refund.
Note:
- This is not a lodgment due date but a concessional arrangement where failure to lodge on time (FTL) penalties will not apply if you lodge and pay by this date.
- Large and medium taxpayers and head companies of consolidated groups are excluded from this concession.
21 June
Lodge and pay May 2025 monthly business activity statement.
25 June
Lodge and pay 2025 Fringe Benefits Tax annual return for tax agents if lodging electronically.
30 June
Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2024–25 financial year.
If any of your clients receive Child Care Subsidy and Family Tax Benefit payments from Services Australia, the client and their partner must lodge their 2023–24 tax return by 30 June 2025, regardless of any deferrals in place. For more information see the Services Australia External Link website.
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