Important Calendar Dates for Businesses in Australia
For the current 2012-2013 financial year, these are the key dates to remember:
Quarterly ATO Obligations:
| BAS due | 28th of each month |
| GST instalment due | 28th of each month |
| PAYG instalment due | 28th of each month |
| Superannuation guarantee contributions to be made | 28th of each month |
Other ATO Obligations:
| IAS due date | 21st of each month |
| FBT due date | 21st of each month |
| Lodgment of Annual reports, GST returns, and Income Tax returns | 1st of August |
| Income tax payment due date for companies and super funds | 1st of December |
Pay-As-You-Go
| Lodgement of PAYG withholding payment summary | 15th of August |
| Annual PAYG instalment notice: final date for payment | 21st of October |
It is imperative that your new business meets any relevant business tax, accounting or legal obligations. Without the advice of professional accountants a business can risk losing valuable profits as a result of paying too much tax, or potentially losing even more money in fines and legal costs if your tax is not paid correctly. Our range of Business Accounting and Business Tax services allow us to attend to all of the regulatory reporting and lodgement requirements of a business.
Understanding these obligations before you start a new business in Australia is important. For a comprehensive explanation of business tax and accounting obligations, please contact a member of our team.
Here at The Quinn Group, our years of experience in taxation, law and accounting will ensure that you get tailored advice for your new business. If you would like to speak to a member of our team about starting up a business in Australia please contact us on +61 2 9223 9166 or submit an online enquiry.
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The Quinn Group operates Quinn Consultants, Quinn Lawyers, Quinn Financial Planning and Quinn Financial Solutions. The Quinn Group provides related information in regard to legal, accounting and financial planning issues. Liability limited by a scheme approved under Professional Standards Legislation* *other than for the acts or omissions of financial services licensees.