2022-23 Key Dates for Common Lodgements

Contents

• Superannuation
• Superannuation Guarantee Charge Statement
• Tax
• Payment Summary / STP Finalisation
• Business Activity Statements (BAS) / Instalment Activity Statements (IAS)
• Taxable Payments Annual Report
• Tips For Meeting Your Due Dates

Superannuation

You must pay superannuation for eligible employees to avoid the super guarantee charge. This applies from the day employee’s start working for you. Payment due dates occur quarterly; refer to the below table.

When a super due date falls on a weekend or public holiday, you can make the payment on the next business day.

You can also make payments more frequently than quarterly, for example fortnightly or monthly. If you do, ensure you pay your total super guarantee (SG) contribution for the quarter by the due date.

If you have missed or make late super payments, you may need to pay the superannuation guarantee charge (SGC).

Superannuation Guarantee Charge Statement

Employers who do not pay minimum super contributions by the due date must pay the super guarantee charge (SGC) and lodge a SGC statement by the following date:

Note: The super guarantee charge is not tax deductible.

Tax

Income tax for most entities is due to be lodged by 15 May 2023. Some entities may require an earlier lodgement date as indicated below:

Payment Summary / STP Finalisation

• Lodge / finalise by 14 July

Generally, you must give each of your workers a payment summary or by 14 July each year, even if the withheld amount is nil.

You do not need to provide your employees with payment summaries for information you report and finalise through Single Touch Payroll. You need to make a finalisation declaration by 14 July each year.

Business Activity Statements (BAS) / Instalment Activity Statements (IAS)

Monthly Lodgements:

If your GST turnover is $20 million or more, you must report and pay GST monthly and lodge your activity statements online.

The due date to lodge and pay your monthly BAS is the 21st day of the month following the end of the taxable period. See table below for your reference

Quarterly Lodgements:

The due date to lodge and pay your quarterly BAS is the 28th day of the month following the end of the quarter unless you lodge through a tax agent. See table below for your reference

Taxable Payments Annual Report

Some businesses and government entities need to lodge a Taxable payments annual report (TPAR). You lodge a TPAR for payments made to contractors for services.

• Due by 28 August each year

Tips For Meeting Your Due Dates

To avoid the ATO chasing you for lodgements or late payments, see some tips below on how to ensure you meet your deadlines

1. Set up reoccurring events in your email/online calendar and set a reminder for a week before the due date
2. If physical calendars work for you, set some time aside to put all the due dates for the financial year that are specific to your business in the calendar and hang it up in clear sight. BLG staff can help you ensure you have all the dates accounted for, just ask us.
3. If you have a bookkeeper, request they remind you when your lodgements are coming up.

If accounting is the bane of your existence, and you would like some support and advice to make it easier, our team can certainly help you out. BLG Business Advisers are Wollongong Accountants who service all over Australia and are available to assist you so please talk with us.

*This information is relevant at the time of publishing and is subject to change*