The new financial year is already in full swing, meaning most of you are still finalising your general ledger accounts in order to get the necessary information to us to prepare your final 2024 accounts and tax returns.
Others have already got us your information and are looking ahead.
Either way, it can be a time when we forget our current tax obligations, due in relation to the beginning of the 2025 financial year.
In order for you to be across your tax calendar, below are the key compliance dates that are coming up. Make sure these lodgements are up to date to avoid any interest or penalties.
As always, if anything is unclear or you're finding these commitments overwhelming, reach out - The Neill Family Group are here to assist!
KEY TAX DATES – SEPTEMBER/OCTOBER 2024
21 September 2024 – GST – Monthly Activity Statement and payment for August 2024
21 September 2024 – PAYG withheld – Monthly activity statement and payment for August 2024
21 September 2024 – PAYG instalment – Activity Statement and payment for monthly reporters for August 2024
30 September 2024 – TFN withholding report – Annual TFN withholding report for closely held trusts where a trustee has been required to withhold amounts from payments to beneficiaries during the 2024 income year
30 September 2024 – PAYG withholding payment summary – 2024 income year annual report due if lodged by us
21 October 2024 – GST – Monthly Activity Statement and payment for September 2024
21 October 2024 – PAYG withheld – Monthly activity statement and payment for September 2024
21 October 2024 – PAYG instalment – Activity Statement and payment for monthly reporters for September 2024
21 October 2024 – Annual PAYG instalment – Payment of annual PAYG instalment for 2023–24. Lodge only if instalment amount varied or the rate method to calculate the instalment is used
28 October 2024 – GST – Quarterly Activity Statement and payment for the July to September 2024 quarter if you do not lodge with us
28 October 2024 – PAYG withheld, FBT instalment and PAYG instalment – Quarterly Activity Statement and payment for the July to September 2024 quarter if you do not lodge with us
28 October 2024 – Superannuation guarantee – Due date for superannuation guarantee contributions for July to September 2024
31 October 2024 – Income tax – Due date for lodgement of 2023–24 income tax return for individuals, trusts and partnerships if you do not lodge with us
31 October 2024 – GST – Lodgement of annual 2023–24 GST return for instalment payers who are required to lodge tax returns by 31 October 2024
31 October 2024 – Companies – To provide distribution statements to shareholders for 2023–24 for most companies
31 October 2024 – Income tax – Due date for lodgement of 2023–24 income tax return for an entity that has one or more prior year tax returns outstanding as at 30 June 2024
31 October 2024 – SMSFs – Annual return for new registrant SMSF if the ATO has provided this due date
Contact us
Please feel free to contact our office, should you need more information on these dates or if you need assistance.
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