Category: Critical Due Dates

Single Touch Payroll (STP) 2 Update

What do you need to do?
Nothing right now, your accounting software will do most of the work in the background – Xero is still building the features and has an extension to March 2023, so there is plenty of time to transition. We will complete the transition for our clients in the next few months (once all the kinks have been ironed out).
We’ll be in contact when we are ready to start the rollout, until then STP means Sit Tight Please.

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September Quarter Super

Authorise September quarter super payments NOW!
All super should be accrued at 10.5% of wages and the $450 p/m minimum wage threshold has been removed.

July-September super contributions must be received (by fund) by 28th October.
*Late payments of superannuation are not tax deductible and fines will apply.

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Time to pay super for your employees

July-September super contributions need to be received by your employees’ fund no later than 28th October (don’t forget to allow for processing time).
Check your calculations to make sure all the new rules effective 1st July 2022 have been picked up before you make payment, so you don’t end up having to make a catchup payment (with heavy ATO penalties)

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TPARs for construction businesses due now!

Construction, IT and security businesses (and a few others) need to lodge Taxable Payments Annual Reports about their subcontractors.

If you haven’t already, please supply us with missing info and don’t forget to e-sign Monday is the deadline!

This is one ATO lodgement with nothing to pay!

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July IAS is due soon

Its due on Monday 22nd August.
Don’t get fined for late lodgement!

Set aside some funds or make a payment arrangement with the ATO after lodgement if you are having cashflow issues

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Director ID

No not for movie directors, for company directors!

You have until 30th November 2022 to apply for yours.

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June BAS due soon

Our BAS Agent extension means we have until 25th August to lodge the June BAS
If you are DIYing – the due date is earlier.

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