Advivo Newsletter May 2025

Newsletters
AdvivoMarketing
May 16, 2025

A message from our Managing Partner,

With the end of the financial year fast approaching, now is the time to be proactive. At Advivo, we’re in full swing assisting our clients with strategic tax planning to ensure they minimise their obligations and maximise opportunities, all while staying fully compliant.

This month’s newsletter is packed with practical insights to help you stay ahead and in control. We explore everything from essential EOFY checklists to smart tax strategies for small businesses, including the dos and don’ts of tax time, navigating minor and infrequent FBT, and the forecasting benefits of our Monthly and Quarterly Service Programs.

These articles help you prepare, plan, and make confident decisions as the new financial year approaches.

As always, if you have any questions or need tailored advice, don’t hesitate to reach out.

Kind Regards,

Leon Stephan
Managing Partner

A Comprehensive Small Business Checklist for EOFY

Get your business EOFY-ready with this detailed checklist covering compliance, reporting, and planning essentials.

Tax Planning and Forecasting Benefits of MSPs or QSPs

Learn how proactive tax planning and forecasting can help improve cash flow and business strategy.

The Dos and Don'ts of Small Business Tax

Avoid common tax pitfalls and make the most of your deductions with these practical small business tax tips.

Minor and Infrequent FBT: Is Your Vehicle Under Attack?

Find out how exceeding private use limits on work vehicles could cost your business its FBT exemption.

Key Events & Dates

15 May

Lodge 2024 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups) and are not eligible for the 5 June concession.
Due date for companies and super funds to pay if required.

Note: Individuals and trusts in this category pay as advised on their notice of assessment.

21 May

Lodge and pay April 2025 monthly business activity statement.
Final date to add new FBT clients to your client list to ensure they receive the lodgment and payment concessions for their fringe benefits tax returns.
Lodge and pay Fringe benefits tax annual return if lodging by paper.

26 May

Lodge and pay eligible quarter 3, 2024–25 activity statements if you or your client have elected to receive and lodge electronically.

28 May

Lodge and pay quarter 3, 2024–25 Superannuation guarantee charge statement if the employer did not pay enough contributions on time.

Note: Employers who lodge a Superannuation guarantee charge statement can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.

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Advivo Newsletter May 2025

A Comprehensive Small Business Checklist for EOFY