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Important dates to remember

CVW Accounting important dates

The financial year is filled with important dates to remember for your business to maintain compliance. So, read on and take notes or mark your calendar.

Firstly, these key tax dates relate to compulsory lodgement of information to the Australian Taxation Office. Secondly, for your business to remain ATO compliant we recommend you mark your calendar. Lastly and most importantly this will mean your business financial reporting will not fall behind.

Upcoming dates – mark your calendar

August 2021 dates for your calendar

16 August 2021

  • PAYG withholding annual report due

23 August 2021

  • Monthly BAS due for July 2021

26 May 2021  

  • Lodge and pay March 2021 BAS if you or your client have elected to receive and lodge electronically.

30 August 2021  

  • Taxable payments annual report due
  • Lodge and pay June 2021 quarter Superannuation guarantee charge statement

 

Important calendar dates in September 2021

21 September

  • Monthly BAS due for August 2021

30 September

  • If prepared by a BAS agent or tax agent, lodge PAYG withholding payment summary annual report. Contact the CVW Accounting team with questions about this. This is because, if a payer has only closely held payees you may be eligible for a lodgement concession.
  • Lodge Annual TFN withholding report 2021.This is relevant if a trustee of a closely held trust has been required to withhold amounts from payments to beneficiaries.

 

October 2021 important dates

October is a big month for lodgements. Understandably this can seem confusing. Please touch base if you have questions or concerns about your business lodgement obligations. Call 9219 1300.

21 October

  • Pay annual PAYG instalment notice (Form N). This is only relevant if you vary the instalment amount or use the rate method to calculate the instalment.
  • Lodge and pay quarter 1, 2021–22 PAYG instalment activity statement for head companies of consolidated groups.
  • Monthly BAS due for September 2021.

28 October

  • Lodge and pay quarter 1, 2021-22 activity statement. This is due if electing to receive and lodge by paper and not an active STP reporter. Pay quarter 1, 2021–22 instalment notice (form R, S, or T). Lodge the notice only if you vary the instalment amount.
  • Super Guarantee (SG) contributions due for September quarter.

NOTE: Employers who do not pay minimum super contributions for quarter 1 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 November 2021.
NOTE: The super guarantee charge is not tax deductible.

  • Lodge and pay annual activity statement for TFN withholding for closely held trusts. Specifically, where a trustee withheld amounts from payments to beneficiaries during the 2020–21 income year.
31 October – this one is the BIG one
  • Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2021.
    If all outstanding prior year returns have been lodged by 31 October 2021, then the lodgement program due dates will apply to the 2021 tax return.
    SMSFs in this category must lodge their complete Self-managed superannuation fund annual return by this date.
  • Lodge and pay Self-managed superannuation fund annual return (NAT 71226) for (taxable and non-taxable) new registrant SMSF if we have advised the SMSF that the first-year return has a 31 October 2021 due date.
  • Lodge tax return for all entities prosecuted for non-lodgement of prior year returns and advised of a lodgement due date of 31 October 2021:
    • Some prosecuted clients may have a different lodgement due date – refer to the letter you received for the applicable due date.
    • Payment (if required) for individuals and trusts in this category is due as advised in their notice of assessment.
    • Payment (if required) for companies and super funds in this category is due on 1 December 2021.

More Self-Managed Superannuation Fund lodgement details

SMSFs in this category must lodge their complete Self-managed superannuation fund annual return (NAT 71226) by this date. This includes the lodgement of;

  • Annual investment income report (AIIR).
  • Departing Australia superannuation payments (DASP) annual report.
  • Franking account tax return when both the:
    • return is a disclosure only (no amount payable)
    • taxpayer is a 30 June balancer.
  • Lodge PAYG withholding annual report no ABN withholding (NAT 3448).
  • Lodge PAYG withholding from interest, dividend and royalty payments paid to non-residents – annual report (NAT 7187). This report advises amounts withheld from payments to foreign residents for:
    • interest and unfranked dividend payments that are not reported on an Annual investment income report (AIIR)
    • royalty payments.
  • Lodge PAYG withholding annual report – payments to foreign residents (NAT 12413). This report advises amounts withheld from payments to foreign residents for:
    • entertainment and sports activities
    • construction and related activities
    • arranging casino gaming junket activities.
  • Lodge lost members report for the period 1 January – 30 June 2021.
  • Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 1, 2021–22.

A very big month indeed. So, to reiterate please do not hesitate to contact the CVW Accounting team on 9219 1300.

Important dates for ATO compliance

CVW Accounting staff are often asked questions about due dates. Below is  a list that includes generic lodgement dates for;

  • Superannuation contribution due dates,
  • Quarterly BAS Statement due dates
  • Monthly BAS / IAS Statement due dates

If you have questions about due dates for your business, superannuation fund or trust, contact us for more information.

SUPERANNUATION CONTRIBUTION DUE DATES

for the period                          due date

July to September                   28 October

October to December             28 January

January to March                    28 April

April to June                            28 July

QUARTERLY BUSINESS ACTIVITY STATEMENT DUE DATES

for the period                          due date

July to September                   28 October

October to December             28 February

January to March                    28 April

April to June                            28 July

MONTHLY BUSINESS ACTIVITY STATEMENT / INSTALMENT ACTIVITY STATEMENT DUE DATES

for the period                          due date

July                                          21 August

August                                     21 September

September                              21 October

October                                   21 November

November                               21 December

December                               21 January

(do you see a pattern here?)

January                                    21 February

February                                  21 March

March                                      21 April

April                                        21 May

May                                         21 June

June                                         21 July

Source: ATO

Are you behind in your lodgements?

CVW Accounting can negotiate with the ATO on your behalf which means you can touch base today to get your ATO compliance back on track.

Contact CVW Accounting for a no obligation chat on 9219 1300.

 

This blog was originally created in February 2017. It has been updated in June 2018, March 2020, January 2021, and March 2021 as well as in June 2021. The most recent update was 30 August 2021.

INFORMATION SOURCE: Australian Taxation Office

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