Critical Due Dates – Page 8 – Streamline Management

Late super penalties

What happens if super doesn’t reach employees funds on time?
Bad things happen.

The expense is no longer tax deductible, it is calculated on all payments to employees (like overtime and allowances), fines are payable to the ATO, interest is payable to the fund for the employee, and directors will be personally chased for the payment. Its bad to be just a little late.

ATO says:
Once you become a director, you are responsible for ensuring the company meets its PAYGW, net GST and SGC obligations in full by the due date.
Need help to keep on top of all the deadlines? Ask us to give you a hand.

18/10/2024

September Quarter Super Due Soon

July-September super contributions, at the new rate of 11.5%, must be received (by fund) by 28th October, regardless if you pay monthly or quarterly.
Severe penalties will apply for late payments.

08/10/2024

September 2024 BAS time

It’s time to start preparing your September BAS

Make sure everything is uploaded to ReceiptBank / Dext so we can get to work.
Please send bank statement pdfs so we can reconcile your bank accounts.
Using our BAS agent extension – the due date is 25th November.

04/10/2024

October 2024

Here we are at the end of another quarter!

What do you need to keep an eye on this month?
Start by enjoying the day off next Monday!
Then celebrate being the boss (even if it doesn’t always feel like you are in control), then make sure you’ve paid all the super for your staff (& some contractors) for the July – September quarter.
And get moving on preparing your July-September BAS.
Then celebrate with some treats!

01/10/2024

August monthly IAS due!

Don’t forget to arrange payment of your August IAS.

If you are unable to pay in full by Monday, contact the ATO on 13 72 26 to arrange a payment plan.

21/09/2024

September 2024

Not too much to add to your calendar this month after the excitement of EOFY.

Now that your June BAS has been completed, you can speak to your accountant about preparing your 2023/24 tax return.

And monthly lodgers need to make sure your August IAS is lodged and paid.

02/09/2024

Taxable Payment Annual Report (TPAR) 2024 deadline

If you have a construction, cleaning, IT, freight/courier or security business you need to report payments made for service to your subcontractors to the ATO.
This is one of the submissions that won’t cost you any money (assuming you lodge on time, otherwise expect a fine).
Construction is very broad – it includes engineering services, architecture, communications construction, decoration, landscaping, retaining walls, swimming pool construction/installation, waterproofing and wallpapering.
Didn’t know TPARs were a thing? Ask us to help.

27/08/2024

June 2024 BAS is due

Know you won’t be able to pay your June BAS by Monday?

Late lodgement can result in fines and penalties for your business and for you as a director, submit your June BAS now and organise a payment plan.
(before everyone else clogs up the phone lines)

23/08/2024

August 2024

Mark your calendars
Don’t forget to celebrate being an entrepreneur (someone who develops, organises and runs a business enterprise, accepting risk and uncertainty in order to make a profit – the profit bit is important!)
And sing out if you’d like to join us for afternoon tea!

01/08/2024

June 2024 BAS due dates

June quarter BAS is due soon – how soon depends on your lodgement method.
Pinkish paper forms need to be with the ATO by Monday,
if you’ve upgraded to lodge your own BAS online, you’ve got another 2 weeks.

If we lodge it for you, you’ve got another 4 weeks until your payment is due

26/07/2024

Category: Critical Due Dates