Friends With Money #206: Tax time 2025

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The 2024-25 financial year is almost over, which means tax time is just around the corner. So what can taxpayers do to prepare?

On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Mark Chapman, director of tax communications at H&R Block, to discuss key tax dates, contributions, deductions, documents and more.

00:00 Introduction

friends with money podcast tom watson mark chapman tax time 2025 tax podcast

00:28 Key dates for the 2025 tax season

03:08 The taxpayers under ATO scrutiny

05:39 Last-minute deductions and contributions

10:41 Preparing for the new financial year

12:15 Upcoming tax changes and final thoughts

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney. Connect with Tom on LinkedIn.

Mark Chapman is director of tax communications at H&R Block, Australia's largest firm of tax accountants, and is a regular contributor to Money. Mark is a Chartered Accountant, CPA and Chartered Tax Adviser and holds a Masters of Tax Law from the University of New South Wales. Previously, he was a tax adviser for over 20 years, specialising in individual and small business tax, in both the UK and Australia. As well as operating his own private practice, Mark spent seven years as a Senior Director with the Australian Taxation Office. He is the author of Life and Taxes: A Look at Life Through Tax. Connect with Mark on LinkedIn.