Key Tax Due Dates for October
As we navigate through October, it’s crucial for businesses and individuals to stay on top of their tax obligations. Here are the essential due dates for this month:
- 21 October 2024:
– Pay annual PAYG instalment notice (Form N). Lodge only if you vary the instalment amount or use the rate method to calculate the instalment. - 28 October 2024:
– Lodge and Pay Activity Statements for Q1 2024–25
– Super Guarantee Contributions for Q1 2024–25
– TFN Withholding for Closely Held Trusts - 31 October :
– Lodge tax returns for all entities
– Self-Managed Superannuation Funds
– Annual Investment Income Report
– Departing Australia Superannuation Payment
– PAYG withholding annual reports
– NFP self-review return
To ensure compliance and avoid penalties, it’s important to prepare in advance and meet these deadlines. Staying organised with your tax commitments can help your business run smoothly and keep you on track for the rest of the financial year.