Category: Critical Due Dates

March 2024

What is happening in March?

Monthly lodgers will need to submit and pay February IAS
We’re heading off the the Accounting Business Expo in Melbourne – Nicole will be speaking on a few panels.
The Easter bunny is hopping over for a long weekend and its the end of the Fringe Benefits Tax year. FBT (or Fun Business Tax) is payable on business fun – parties, restaurant meals, gym memberships, company cars, gifts, paying or reimbursing for personal costs. Ask your accountant for more info and where it might impact your business.

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December BAS due

This is it, we’ve reached the absolute last minute!
Lodge and pay your December BAS today to avoid fines.

Haven’t got the funds available to pay in full? Make a payment plan or risk the debt collectors knocking on your door.

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February 2024

Mark up your diary with important February details.

Wear Red on Friday 2nd February – you can use it as a warm up for Valentines day on the 14th!

ATO deadlines – you can’t avoid those!

And finish off the month with a bonus work day to catch up on that to do list? Score!

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Employee super must be paid on time!

Super payment due dates occur quarterly. If you don’t pay an employee’s super guarantee (SG) amount in full, on time and to the right fund, you must pay the super guarantee charge (SGC).
The SGC is more than the super you would have otherwise paid to the employee’s fund and is not tax deductible.
You will need to complete an SGC statement and submit it to the ATO, this is used to calculate fines and penalties (some to compensate staff for lost earnings, some to punish you for naughtiness).
Hopefully this is a mistake you only make once!

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October to December super – authorise now!

If you haven’t already, now is the time to authorise super payments for you employees (this includes you as a director). Funds must reach the employees account by 28th January and it takes a long longer than it ought to be processed, and there is a public holiday this month.
Penalties are harsh for late payment. So sort out your cashflow and pay now!

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January 2024

Still getting the hang of 2024? Same!

January might be holiday time, but there are a few crucial deadlines. The most important is Oct-Dec super needs to be in your employees super funds by 28th January. Another public holiday for Australia Day and then its back to school – woohoo!

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December 2023 quarter super is due soon

October-December super contributions, must be received (by fund) by 28th January.
Severe penalties will apply for late payments.
Payments should be authorised by 19th January as it can take several days to process (Don’t forget the Australia Day public holiday may slow down processing times).

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Get Organised January 2024

January is Get Organised month.
To help you we’ve put together a list of key dates and deadlines.
Add them to your calendar to help with organising your cashflow and work priorities.
We’ll post reminders through out the year to help you stay on track (and the right side of the tax office)

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