Practice Update – March 2025

by

Ed.

From www.lowelippmann.com.au: Taxpayers employing staff must adhere to key deadlines for various obligations in 2025, including filing and paying Fringe Benefits Tax (FBT) by May 21, 2025, and finalizing Single Touch Payroll (STP) data by July 14, 2025.

Employers are reminded of quarterly Superannuation Guarantee payment dates, with the current rate being 11.5% before increasing to 12.0% in July 2025.

Additionally, the ATO offers tips for accurate Business Activity Statement (BAS) lodging and highlights new rates for fuel tax credits effective February 3, 2025.

Filed under: SME & Family Business, Tax - General

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