A message from our Managing Partner,
Welcome to the May edition of the Advivo newsletter.
May is a busy month in the business calendar, and this edition reflects that. As we approach the final weeks of the financial year, compliance deadlines are looming, and the opportunity for year-end planning and tax concessions is closing quickly.
Please remember that we require all outstanding tax information from clients by the end of May. If you have not yet submitted your documents, please do so as soon as possible to ensure that we can complete your work before the end of the financial year (EOFY).
Additionally, this period sees increased activity from the Australian Taxation Office (ATO). Audits are on the rise and can be costly and time-consuming for unprepared businesses. In this edition, Director Chris Morris has provided important guidance on what to watch for and how to protect your business.
As we approach 30 June, year-end planning should not be left until the last minute. There are concessions and opportunities available to businesses that plan, as well as compliance obligations that carry real consequences if missed. To help you prepare, we have included a pre-30 June checklist in this edition covering the key actions to take before EOFY, including PAYG and superannuation obligations.
In this newsletter, we also focus on upcoming AML/CTF Tranche 2 obligations and how they will impact a broader range of industries from 1 July 2026.
Finally, the Federal Budget was handed down on 12 May. If you have not yet read our summary of what it means for you and your business, I encourage you to do so.
As always, if you have any questions or would like to discuss your specific situation, please do not hesitate to contact the team.
Kind Regards,
Leon Stephan
Managing Partner
Key Events & Dates
15 May
Lodge 2025 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 2026 monthly business activity statement.
26 May
Lodge and pay eligible quarter 3, 2025–26 activity statements if you lodge electronically.
28 May
Lodge and pay quarter 3, 2025–26 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 must pay the remaining super guarantee charge.
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