Lodgement Due Dates
Monthly BAS and IAS – 21st of following month.
Quarterly BAS 4 2024 – (Apr-Jun 2024) 25th Aug 2024
Quarterly BAS 1 2025 – (Jul-Sep 2024) 25th Nov 2024
Quarterly super guarantee payments – 28th day following end of quarter*
The ATO has announced the new “cents per kilometre’ deduction rate for car expenses for the current financial year at Instrument sets the rate at 88 cents per KM.
On 2 May 2023 the Australian Government announced that from 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages.
The start date will provide employers, super funds, payroll providers and other parts of the superannuation system with sufficient time to prepare for the change. Even though this measure is not yet law, it’s highly recommended that businesses start paying their super more regularly to prepare for the new requirements.
The Fringe Benefits Tax (FBT) year runs from 01 April to 31 March. If you have paid any benefits to an employee during the year, including working directors, you may need to include these on an FBT return.
These may include (but are not limited to)
You can see a list of fringe benefits here.
If you think this may relate to your business please get in touch with your tax agent as soon as possible.