Keeping on top of due dates can help you keep your business running smoothly. Take note of the most important financial dates for 2022 to plan for the year ahead and avoid any unnecessary penalties.
End of Financial Year (EOFY)
The end of the financial year is an important time for your small business. The last day of the financial year falls on 30 June each year.
You’ll need to complete bookkeeping, tax returns and plan for the new financial year. Contact us early to beat the year-end rush.
Tax Returns
At the end of a financial year, you must lodge your tax returns with the Australian Taxation Office (ATO).
If you don’t lodge your tax return through a registered tax agent, you must submit your returns by 31 October.
Appoint us as your Tax Agent before 31 October to access an extended due date.
Business Activity Statements (BAS)
Most small businesses lodge their BAS and pay any amount owing (or get a refund) quarterly.
Quarter 1 (July, August and September) – 28 October
Quarter 2 (October, November and December) – 28 February
Quarter 3 (January, February and March) – 28 April
Quarter 4 (April, May and June) – 28 July
Engage Beck Partners to prepare your BAS Returns to get access to extended due dates.
Superannuation
If you’re required to pay super for your employees or workers, you must pay super contributions to their nominated super fund by the following dates. It is important to meet these deadlines, otherwise you may face a super guarantee charge and miss out on tax deductions.
Quarter 1 (July, August, and September) – 28 October
Quarter 2 (October, November and December) – 28 January
Quarter 3 (January, February and March) – 28 April
Quarter 4 (April, May and June) – 28 July
When a super due date falls on a weekend or public holiday, you can make the payment on the next business day.
Find Out More
Find out more about Beck Partners , Who We Are and What We Do at our website and feel free to contact info@beckpartners.com.au if we can be of any assistance.