Key dates August 2016
Key dates August – It is the reporting season and there are a few key dates that any business owner or manager should be aware off.
|11 Aug||Activity statements||Quarter 4 (April – June) activity statements lodged electronically – final date for lodgment and payment.
Refer to Lodge your activity statements online for information on your eligibility for this later due date.
Finalising all your PAYG instalments before you lodge your tax return will ensure you receive the correct amount of credit in your income tax assessment.
|14 Aug||PAYG withholding||PAYG withholding payment summary annual report – final date for lodgment.
Use this to summarise all payments to your employees and other payees and the amounts withheld from salary and wages and other payments.
These amounts should have been reported at labels W1 and W2 on previous financial year activity statements.
|21 Aug||Activity statements||July monthly activity statements – final date for lodgment and payment.|
|21 Aug||GST||Final date for eligible monthly GST reporters to elect to report GST annually.|
|28 Aug||Taxable payments annual report||Taxable payments annual report for businesses in the building and construction industry due for lodgment.|
As always, contact Peter Mansour & Co – taxation consultants if you need any further information or assistance