Leopard Accounting

# # 🧾 Tax Time 2025: What Small Businesses & Individuals Need to Know

Welcome to the 2025 financial year! Whether you're a sole trader, small business owner, or individual taxpayer, these updates could impact your tax position.

# # # 🔹 Super Guarantee Boost
The Super Guarantee rate has increased to **12%** from 1 July 2025. Employers must apply this rate to all salary and wage payments made on or after 1 July

# # # 🔹 Instant Asset Write-Off Extension
Small businesses can continue to claim immediate deductions for assets under **$20,000**. This measure supports cash flow and encourages investment.

# # # 🔹 Personal Tax Cuts Coming Soon
Though not effective this year, tax rates are changing in 2026 and 2027:
- Bottom rate reduces from **16% to 15%** in 2026, and to **14%** in 2027
- Designed to combat bracket creep and ease pressure on low- to middle-income earners

# # # 🔹 Medicare Levy Thresholds Increase
Updated for 2024–25:
- Singles: **$27,222**
- Couples: **$45,907** (+ $4,216 per dependent)
- Seniors/Pensioners benefit from higher thresholds under SAPTO

# # # 🔹 ATO Compliance Focus Areas
The ATO is sharpening its lens on:
- **Rental income declarations**
- **Division 7A loan arrangements**
- **Foreign resident property disposals**
Make sure your records are accurate and up-to-date.

# # # 🔹 SMSF & Retirement Planning
The **Transfer Balance Cap** increases to **$2 million** from 1 July 2025 — opening doors to greater retirement income strategies and super contributions.

# # # ✅ Leopard Accounting Tip
Lodging early isn’t always better — waiting for pre-fill data reduces errors and amendment risks. Let a registered tax agent guide you through the process for a stress-free experience.

# # # 📣 Need Support This Tax Season?

Whether you're reviewing your business structure, thinking to set up your own Self managed super fund or finalising your return — **Leopard Accounting is here to help**.

👉 **[Contact Us Today](https://www.leopardaccounting.com.au/contact)**

Qld: First home-owners grant doubled to $30,000
Read more :https://leopardaccounting.com.au/qld-first-home-owners-grant-doubled-to-30000/

Before Year End Tax Minimization & Superannuation SMSF Strategies Read more

Before Year End Tax Minimization & Superannuation SMSF Strategies - Leopard Accounting There are several tax advantages with super contributions which can be utilized before end of the financial year. Following is the list of Some of tax benefits originate from super contributions in Australia: First and most important thing is, the contribution must reach the fund by 30 June. Otherwi...