5 Essential Tax Season Tips for Aussie Property Managers (FY24–FY25)

As tax season rolls in and the new financial year begins, it’s the perfect time for property managers to tighten operations, ensure compliance, and streamline reporting. Whether you’re reconciling FY24 or planning for a smoother FY25, these five strategies will help reduce admin overwhelm, avoid costly errors, and keep you audit-ready all year round.

1. Audit Your Inspection Report Trail

Why it matters:
During tax time, incomplete, missing, or inconsistently formatted inspection reports can create major headaches, especially if you’re dealing with disputes, depreciation claims, or compliance checks.

Actionable Tip:

Take stock of your Entry, Exit, and Routine Inspection reports from FY24. Are they all:

  • Accounted for?
  • Time-stamped and photo-supported?
  • Stored securely and retrievable by date, property, or type?

How IE 360AI helps:
All reports are automatically saved, searchable, and securely stored in the cloud so you’re never digging through folders or old emails again.

2. Attach Evidence Like a Pro

Why it matters:
ATO audits and insurance claims often rely on visual proof. Photos support depreciation schedules, damage reports, and tenant disputes. Without them, you’re flying blind.

Actionable Tip:
Ensure all reports include clear, dated, and property-specific photos. Encourage your team to capture multiple angles, close-ups of wear and tear, and any notable changes over time.

Pro tip: Tools like IE 360AI embed timestamped photos directly into your reports, making them watertight and dispute-ready.

3. Standardise Your Documentation Across the Team

Why it matters:
Inconsistent reporting across staff opens the door to errors, missed items, and complaints from owners or auditors.

Actionable Tip:
Set up templated report structures your whole team uses, ensuring every report includes:

  • Mandatory inspection points
  • Consistent photo placement
  • Branded formatting
  • Automated disclaimers or legal language where needed

How IE 360AI helps:
Customisable templates ensure consistency and compliance, no matter who’s doing the inspection.

4. Get Stakeholder-Ready: Owners, Accountants, Auditors

Why it matters:
Tax time means a flood of owner and accountant requests for historical reports, photos, and compliance records. If you’re scrambling to compile and send files manually, it’s a huge time drain.

Actionable Tip:
Use platforms that allow one-click, secure sharing with external stakeholders. Better yet, link inspection reports to owner portals or dedicated shareable folders – bonus points if you can brand them.

How IE 360AI helps:
Instantly share reports via secure links – no printing, mailing, or attachments required.

5. Use EOFY to Future-Proof FY25

Why it matters:
Tax season isn’t just about wrapping up the past, it’s also a strategic reset point for the year ahead. Use the EOFY momentum to fine-tune your systems, reduce tasks and scale smarter.

Actionable Tip:
Ask yourself:

  • Which parts of your inspection workflow can be automated?
  • Are you over-relying on manual report compilation or admin time?
  • Is your tech stack helping you grow — or holding you back?

Time-saving wins to aim for in FY25:

  • Fewer double-handled reports
  • Reduced error rates
  • 60-70% of hours saved per week
  • Ability to manage more properties with the same team

Inspection Express 360AI integrates with leading property management tools (tapi, mri, property me, console,managed app, kolmeo and more), plus it delivers powerful automation, AI-powered condition reporting, and fast turnaround – giving your team room to breathe and grow.

Ready to Work Smarter This Financial Year?

Book a quick walkthrough or explore how other property managers are using Inspection Express 360AI to reduce admin, increase accuracy, and stay tax-season ready all year long.