More than 1,000 taxpayers have underpaid tax for FY25 – would you know if your clients were among them?

As we analyse 2025 income tax position data, we’re seeing that a significant number of taxpayers have already fallen into an underpaid position based on provisional tax alone.

In fact, based on filings to date, we’ve identified more than 1,000 taxpayers who are now facing significant amounts of use-of-money interest (UOMI) and late payment penalties.

Could you have clients like this – and do you know who they are?

Connecting your firm to our IR data feed is the quickest way to find out. With a connection in place, Tax Traders can support you by:

• Quickly pinpointing any clients who are underpaid for 2025 and may be exposed to UOMI and late payment penalties.
• Mapping out the exact tax pooling transactions each client needs to settle correctly with IR and reduce compliance costs.
• Taking some of the mental load off during your busiest period to ensure none of your clients slip through the cracks.
• Giving you confidence that everything is being handled accurately so you get it right.

Your client list updates automatically – every time we identify someone who needs attention, it’ll clearly show the action that needs to be taken.

Getting connected is easy

The IR data connection is secure and takes only a few minutes to set up.

Without this feed in place, it’s easy to miss clients who quietly fall into an underpaid position. The earlier you connect, the sooner we can help lighten the load for you and your firm.

If you’d like a hand getting started with your IR connection, just let us know. We’re here to help.