Tax Brief September 2025: What’s Shaping Your Tax Position
Individuals and businesses are operating against a new backdrop of thresholds, superannuation changes, and compliance priorities.
Our September 2025 Tax Briefings bring together the developments and help you understand the implications for how you plan, record, and report.
We’ve spotlighted some of the key considerations below, but for a complete overview, including detailed guidance and additional updates, we invite you to download the September 2025 Tax Briefings for Individuals and Businesses.
For Business Owners
Instant Asset Write-Off: Plan Purchases Carefully
The instant asset write-off threshold has reverted to $1,000, with a proposed (but not yet legislated) temporary increase to $20,000 for 2025–26.
This change makes timing and planning of asset purchases more important than ever, especially for small businesses aiming to maximise deductions. Rather than simply chasing thresholds, consider how asset investments align with your broader business strategy and cash flow.
Superannuation: New Rates and Compliance Priorities
The Superannuation Guarantee (SG) rate is now 12%, and the maximum contribution base is capped at $62,500 per quarter.
Employers should review payroll systems and ensure compliance with both the new rates and SuperStream requirements. This is also an opportunity to review and optimise employee benefits, not just tick the compliance box.
For Individuals
Deductions and Record-Keeping: Familiar Ground, Ongoing Importance
While car expense rates and home office deductions remain unchanged, the value lies in accurate record-keeping and strategic claims—especially for those with flexible work arrangements or investment properties.
Staying on top of documentation ensures you can maximise legitimate deductions and avoid unnecessary scrutiny.
Superannuation: Contribution Caps and Planning
Key superannuation thresholds have shifted, including the transfer balance cap (now $2 million) and concessional/non-concessional contribution caps.
For those managing significant wealth or approaching retirement, these changes present both challenges and opportunities for tax-effective planning.
If you'd like to discuss the implications for your financial position or year-end strategy, please reach out to your MGD team or start the conversation.
Any advice included in this article is general and has been prepared without taking into account your objectives, financial situation, or needs. As such, you should consider its appropriateness having regard to these factors before acting on it. Any tax information refers to current laws, is not based on your unique circumstances and should not be relied on as tax advice. Before you make any decision about whether to acquire a certain financial product, you should obtain and read the relevant product disclosure statement. MGD Wealth AFSL no. 222600.
