CTBS Partners Pty Ltd

Trustees: lodging on time unlocks important benefits and avoids consequences. Assistant Commissioner Jenny Lin
advises 'Timely and accurate lodgment can help trustees reduce the likelihood of unnecessary compliance activity. ATO will take firmer action against trustees who repeatedly fail to lodge, which may include referring them for prosecution.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞:
https://www.ato.gov.au/businesses-and-organisations/business-bulletins-newsroom/three-reasons-to-lodge-your-trust-tax-return-on-time

Clients who operate all or part of their business from home may be eligible to claim a range of home-based business expenses, depending on their circumstances. Share ATO Small business newsroom articles with your clients to help them understand what they can and can’t claim, the available deduction methods and the records they need to keep.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞:
https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/income-and-deductions-for-business/deductions/deductions-for-home-based-business-expenses

If you need to lodge a Taxable payments annual report (TPAR) and haven't done so already, review your records and lodge electronically now to meet your reporting obligations. As explained in ATO’s recent media release (New ATO pre-fill data makes tax time easier for contractors), this year for the first time, approximately $21 billion in payments made to contractors reported through the TPAR will automatically appear as pre-filled income in eligible tax returns, helping 700,000 sole traders and individuals in business save time, reduce mistakes and lodge with greater confidence.

The changes are part of ATO's continued investment in digital services to make tax easier to manage while supporting a level playing field for honest businesses.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞:
https://www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/reports-and-returns/taxable-payments-annual-report

ATO interest pre-fill data for the 2026 income year isn’t available yet, so you may notice details are missing or incomplete. If you’re preparing and lodging tax returns now, you can manually calculate ATO interest. If you’re waiting on the pre-fill data, keep an eye on ATO web content which we’ll update. ATO will also notify you once the data is available.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞: https://www.ato.gov.au/individuals-and-families/paying-the-ato/interest-and-penalties/interest-we-charge/calculate-and-report-ato-interest

The Commissioner provides important information in response to questions from the tax professionals live stream.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞: https://www.ato.gov.au/tax-and-super-professionals/for-tax-professionals/tax-professionals-newsroom/our-commissioner-responds-to-your-questions

Don’t miss your opportunity to influence decisions about the future of the GST system by becoming a member of the GST Stewardship Group. Expressions of interest close 31 July 2026.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞: https://www.ato.gov.au/about-ato/consultation/getting-involved-in-consultation/gstsg-membership-expression-of-interest

Keep up to date with the latest news for APRA regulated super funds on issues and changes in the administration of Australia’s super system.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞:
https://super.news.ato.gov.au/link/id/zzzz6a430fe33b004523Pzzzz637462fa906f2760/page.html

Keep up to date with the latest news for SMSF trustees and professionals.

Click the link to learn more: https://super.news.ato.gov.au/link/id/zzzz6a43108133fda594Pzzzz637462fa906f2760/page.html

It's time to update your client list to add new clients and remove those who no longer use your services. Find out why it's important and how to get it right.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞: https://www.ato.gov.au/tax-and-super-professionals/for-tax-professionals/tax-professionals-newsroom/update-your-client-list-now

Before you submit 𝐒𝐢𝐧𝐠𝐥𝐞 𝐓𝐨𝐮𝐜𝐡 𝐏𝐚𝐲𝐫𝐨𝐥𝐥 (𝐒𝐓𝐏) finalisation declarations for your employer clients and your own practice, take a moment to check that all information is accurate and complete.

This helps ensure employees’ payroll information is correctly pre-filled in their tax returns.

Read ATO Small business newsroom article to find out how you and your employer clients can get STP finalisations right the first time.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞:
https://www.ato.gov.au/businesses-and-organisations/small-business-newsroom/finalise-your-stp-data-by-14-july