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October Tax Due Dates

This October sees a smaller number of tax due dates regarding dealings with the Australian Taxation Office than usual; although you may find that these relate to you or your business.  Please pay careful attention, as forgetting to lodge documents or correspondence when needed can easily result in fines.

Please keep in mind that when a due date falls on a Saturday, Sunday or public holiday – you can lodge or pay on the next business day without issue.

If you’d like to take a look at upcoming due dates for the rest of 2017  – CLICK HERE.

 

21 October

  • Pay annual PAYG instalment notice (Form N). Lodge only if you vary the instalment amount or use the rate method to calculate the instalment.
  • Lodge and pay quarter 1, 2017–18 PAYG instalment activity statement for head companies of consolidated groups.
  • Lodge and pay September 2017 monthly activity statement.

 

28 October

  • Lodge and pay quarter 1, 2017–18 activity statement if lodging by paper. Pay quarter 1, 2017–18 instalment notice (form R, S, or T). Lodge the notice only if you vary the instalment amount.
  • Make super guarantee contributions for quarter 1, 2017–18 to funds by this date.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 2017.
  • Lodge and pay annual activity statement for TFN withholding for closely held trusts where a trustee withheld amounts from payments to beneficiaries during the 2016–17 income year.

 

31 October

  • Final date to add new clients to your client list to ensure their 2017 tax return is covered by the lodgment program.
    • Note: The lodgment program is a concession to registered agents. We can ask for documents to be lodged earlier than the concessional due dates.
  • Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2017.
    • Note: This means all prior year returns must be lodged, not just the immediate prior year. If all outstanding prior year returns have been lodged by 31 October 2017, the lodgment program due dates will apply to the 2017 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 2017 due date.
  • Lodge tax return for all entities prosecuted for non-lodgment of prior year returns and advised of a lodgment due date of 31 October 2017:
    • Some prosecuted clients may have a different lodgment 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 2017.

    SMSFs in this category must lodge their complete Self-managed superannuation fund annual return (NAT 71226) by this date.

  • Lodge Annual investment income report (AIIR).
  • Lodge Departing Australia superannuation payments (DASP) annual report.
  • Lodge 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 2017.
  • Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 1, 2017–18.

 

Would you like to have a chat with a knowledgeable and experienced accountant regarding what exactly is required of you on any of the October due dates, please do not hesitate to get in touch with the team at Fortis Accounting Partners.  You can reach us via info@exemplary-financial.flywheelsites.com , or by simply giving us a call on 02 9267 0108.

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Reshika Kumar

Administration Officer

With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.

With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.

Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.

Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!