Get your calendar ready and save yourself some time and stress in the year ahead. Mark these due dates in there now, so you can keep on top of your tax obligations with the ATO. There are penalties if you fall behind.
28 February 2022
- Tax Agent BAS due date – Quarter 2. Lodgings and payments relating to October – December.
- Lodge tax return for non-taxable large/medium entities as per the latest year lodged. If required, payments for companies and super funds are also due on this date
28 April 2022
- Tax Agent BAS due date – Quarter 3. Lodgings and payments relating to January – March.
1 July 2022
- Start of the 2022 fiscal year
- ATO begins to process tax returns from the fiscal year just ended
14 July 2022
- Annual Pay As You Go (PAYG) payment summary provided by employer. Make sure you receive this and check everything is in order.
16 July 2022
- Estimated date for the issue of rebates from the previous fiscal year.
14 August 2022
- Businesses to submit anannual summary of PAYG withholding.
25 August 2022
- Tax Agent BAS due date – Quarter 4. Lodgings and payments relating to the April -June quarter of the fiscal year.
End November (date isn’t finalised yet)
- Tax Agent BAS due date – Quarter 1. Lodgings and payments relating to the July -September quarter of the fiscal year.
31 October 2022
- Deadline for lodging your tax return for the fiscal year 1 July 2021 – 30 June 2022. Consult Taxpro before the 2nd October to avoid penalties.
If you are spending too much time on your accounts, when that could be better spent driving business development, we offer bookkeeping packages for all sizes of business, an easy app to record receipts, and online accounting software. These can really help to streamline your finances, assist cashflow and identify any issues before they become a bigger problem.
We hope this helps, and please get in touch if you have any questions 08 9240 7629 or email: admin@taxproaustralia.com.au
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