As we dive into the 2025–26 financial year, staying informed about the latest tax changes is essential for individuals, property investors, and small businesses. At Wakefield Business Group, we’re here to help you navigate the season with clarity and confidence.
🔍 Key Tax Updates for July 2025
1. Super Guarantee (SG) Rate Increase
From 1 July 2025, the SG rate has officially increased to 12%. This applies to all salary and wages paid to eligible employees from this date onward—even if the pay period started before July
2. Updated PAYG Withholding Tax Tables
The ATO has revised several PAYG withholding schedules. Notably:
- Lump Sum E payments (e.g., back pay, bonuses) must now be treated as such if they accrued more than 12 months prior, regardless of amount
- Study and training support loan thresholds have been indexed, affecting repayment calculations
3. Lodgment Advice from the ATO
The ATO is urging taxpayers to wait until all pre-fill information is available before lodging returns. This helps avoid errors and potential amendments later
. Last year, over 142,000 early lodgments were adjusted due to inaccuracies.
4. STP Finalisation Deadline
Employers must finalise Single Touch Payroll (STP) declarations by 14 July to ensure employees have accurate data for their tax returns
🛡️ Security & Digital Tools
The ATO is promoting its updated ATO app, which now includes enhanced security features to protect your data and prevent fraud. It’s a great tool for tracking your tax affairs on the go
✅ How WBGSA Can Help
Whether you’re a small business owner, investor, or individual taxpayer, our team offers:
- Fixed-fee tax packages
- ATO-compliant payroll and STP support
- Tax planning and deduction maximisation
- Superannuation compliance guidance
📞 Book your tax consultation today
🌐 wbgsa.com.au
📍 Norwood, SA
