Every year, both individual taxpayers and business owners must meet a range of tax and compliance obligations.

For many of our clients this includes:

• Individual income tax returns
• Company, trust, partnership or Self Managed Superannuation Fund (SMSF) tax returns
• Business Activity Statements (BAS)
• Instalment Activity Statements (IAS)
• Single Touch Payroll reporting
• Quarterly superannuation guarantee
• ASIC annual company statements

Depending on your situation, there may also be additional obligations such as PAYG withholding reporting, FBT returns, Taxable Payments Annual Reports (TPAR), state revenue office payroll tax, QBCC reporting  for construction businesses, and company updates with ASIC.

Each year, our team works hard behind the scenes to send thousands of reminders and requests for information. We then prepare these lodgements once we receive your information. These reminders are provided as a complimentary service to help you stay organised and compliant.

We also provide complimentary blogs and newsletters to keep you informed about ongoing changes to tax laws and compliance requirements, so you don’t need to keep track of these constant updates yourself.

However, it is important to understand one key point. Under Australian tax law, the responsibility for lodging tax returns on time and paying tax when due rests with the taxpayer.

In recent years the ATO has tightened its approach to late lodgements and late payments. Requests for lodgement deferrals and to remit GIC are increasingly difficult to have approved and are usually only granted where you can demonstrate exceptional circumstances (for example, serious illness, bereavement, natural disasters or other significant events outside your control). In addition, since 1 July 2025 GIC is no longer tax deductible.

The best way to avoid interest and penalties is simple:

• Send your information early
• Respond promptly to requests for information
• Plan ahead for tax payments

Working together early helps us keep everything compliant, accurate and stress-free. If you have questions about an upcoming deadline, please contact our team. We’re always here to help. 

 If you would like a little help, please get in touch with us for assistance.

Need Help with your Business, Bookkeeping, Tax or SMSF requirements?

If you would like a little help, please get in touch with us for assistance. We can help with your business, bookkeeping, tax and SMSF requirements. To book an appointment, use our online booking system, give us a call on 07 3289 1700, or email us at reception@rgaaccounting.com.au.We look forward to assisting you this tax season!

Please also note that many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. Should you have any further questions, please get in touch with us for assistance with your SMSF, business, bookkeeping and tax requirements. All rights reserved. Brought to you by RGA Business and Tax Accountants. Liability Limited by a scheme approved under Professional Standards Legislation.