This May sees a number of tax due dates regarding dealings with the Australian Taxation Office that you may find 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.
May 15:
- 2016 tax returns for all other entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June 2017 concession.
Due date for:
– Lodging
– Company and Superannuation Funds to pay if required.
Note: Individuals and trusts in this category to pay as advised on their notice of assessment
May 21:
- Lodge and pay April 2017 monthly activity statement.
- Final date for appointing a tax agent for a role. You must tell us who your new clients are by this date to make sure they receive the lodgment and payment concessions for their fringe benefits tax returns. Lodge Fringe benefits tax annual return (if lodging by paper).
May 26:
- Lodge and pay eligible quarterly activity statement for quarter 3, 2016–17 if you lodge using:
– Electronic lodgment service (ELS)
– Electronic commerce interface (ECI)
– Tax Agent Portal
– BAS Agent Portal
– Practitioner Lodgment Service (PLS).
May 28:
- Pay Fringe Benefits Tax Annual Return.
- Lodge the Superannuation guarantee charge statement – quarterly (NAT 9599) and pay the super guarantee charge for quarter 3, 2016–17 if the employer did not pay enough contributions on time.
Employers who lodge a Superannuation Guarantee Charge Statement – quarterly (NAT 9599) can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They will still have to pay the remaining super guarantee charge to us.
Note: The super guarantee charge is not tax deductible.
For help with working out the super guarantee charge and preparing the Superannuation guarantee charge statement – quarterly, you are able to use The ATO’s Super guarantee charge statement and calculator tool.
If you’d like to speak with an experienced and trustworthy accountant with regard to what is required of you on any of the above 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.
