March BAS is due on Monday
Late lodgement may incur a fine ($330 – $1650) from the ATO
and will void any current payment plan and make it much harder to request a new plan.
Act now!
20/05/2025
Late lodgement may incur a fine ($330 – $1650) from the ATO
and will void any current payment plan and make it much harder to request a new plan.
Act now!
Do you provide perks to your team?
You probably need to submit an FBT return in the next couple of weeks.
No idea what could be captured? Speak to your tax accountant ASAP – gym membership, tickets to the footy, fancy meals, company car used for personal trips can all be captured.
Avoid fines and penalties – review your situation, ask your accountant – act now!
January-March super contributions must be received (by fund) by 28th April.
Payments should be authorised right now as it can take several days to process, not to mention all the public holidays that will slow down the process this month.
Late payments of superannuation are not tax deductible.
Using our BAS agent extension – the due date is 25th May.
If we haven’t received all data required by 30th April, we cannot guarantee your BAS will be lodged on time.
Late lodgement will void our annual authority to file STP, any payment plan you have in place with the ATO and you also risk being fined.
act now!
Put your undies on over your clothes and get super sorted for your team!
There are a heck of a lot of public holidays this month and that will make it harder to meet the deadline for payment – authorise super for your team now or you could be personally liable for the debt and penalties (and lose the tax deduction for the payment).
Don’t forget that some contractors and employee directors will be entitled to superannuation and the same deadlines apply.
Mark your diary – there are a couple of key dates around all of those public holidays!
Today is the end of the Fringe Benefits Tax year – take an odometer reading for your company car.
Tomorrow is April Fools Day – its probably just a coincidence?
Are you aware what might trigger this extra tax for your business and just how costly it could be?
ATO says:
Fringe benefits tax (FBT) is a tax paid by employers on certain benefits provided to their employees, or to their employees’ family or other associates.
The employer pays FBT. This is equivalent to the gross income your employees would have to earn, at the highest marginal tax rate (including the Medicare levy), to buy the benefits themselves.
FBT can be quite costly, those employee perks might cost you a lot more than you anticipated or budgeted for!
There are a handful of important dates in March.
A crucial date is the FBT year end – if you don’t know what FBT is, its time to speak to your accountant to ensure you don’t get caught out with the Fun Business Tax.
