KPMG Tax Now Preparing for your 2025 individual tax return
Jul 13, 2025
In this engaging discussion, Rob Thomson, Assistant Commissioner at the Australian Taxation Office, shares his expertise on crucial tax topics for individuals. He highlights the importance of securing personal data using myGov and the ATO app. Thomson also tackles new tax regulations, including a shift in non-deductibility rules and implications for gig economy workers. Listeners gain insights into superannuation changes, parental leave payments, and strategies for optimizing deductions. A must-listen for anyone preparing for their 2025 tax return!
AI Snips
Chapters
Transcript
Episode notes
Secure ATO Access with myID
- Download the myID app to secure your ATO online services login and aim for the highest identity strength possible.
- Use myID to access ATO services through myGov for better security and flexibility.
Use the ATO App for Convenience
- Download the ATO app for helpful tools like My Deductions and timely notifications for any changes to your account.
- Use the app to lock down your account if you notice suspicious activity and improve your tax time experience.
GIC Becomes Non-Deductible
- General Interest Charge (GIC) incurred from 1 July 2025 will no longer be tax deductible.
- This change increases the cost of unpaid tax debts, making prompt payment more important.