2020/21 Financial Year Key Tax Deadlines for Small Business
Business tax… it’s not most people’s favourite topic, but it is one of mine. I’m here to help you to ensure you meet your taxation obligations and aren’t scared of the Australian Taxation Office (ATO). With a little help, some preparation and understanding you can turn your business tax from a nightmare into a doable task.
I love to help business owners to understand their business and finances better. I help my customers plan for their tax obligations and should problems arise I work with my clients and the ATO to come up with a workable solution. To get started on the right foot though it is essential that you understand ATO deadlines. I have outlined many of these deadlines below, but please contact me directly to understand which deadlines apply to you and your business.
Monthly Lodgement Deadlines
Tip: Buy yourself some extra time and use a tax agent
MONTHLY LODGEMENTS |
LODGEMENT DATE |
| Business Activity Statement (BAS) | 21st of the following month |
| Instalment Activity Statement (IAS) | 21st of the following month |
BAS (Business Activity Statement) Deadlines
Tip: Buy yourself some extra time and use a tax agent
QUARTERLY LODGEMENTS |
ORIGINAL DUE DATE |
DUE DATE IF LODGING VIA TAX AGENT |
|
Business Activity Statement (BAS) |
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Quarter 1, 2020-21 1 July to 30 September |
28 October 2020 |
25 November 2020 |
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Quarter 2, 2020-21 1 October to 31 December |
28 February 2021 |
28 February 2021 |
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Quarter 3, 2020-21 1 January to 31 March |
28 April 2021 |
26 May 2021 |
|
Quarter 4, 2020-21 1 April to 30 June |
28 July 2021 |
25 August 2021 |
Other tax deadlines
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STP finalisation declaration |
TAXABE PAYMENTS ANNUAL REPORT |
QUARTERLY SUPERANNUATION |
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|
14 July 2020 |
28 August 2020 |
28 October 2020 |
|
28 January 2021 |
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28 April 2021 |
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28 July 2021 |
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Any advice is general in nature and is intended for information purposes only. For personalised advice please contact your accountant.