Most business owners would agree that it can be quite stressful when trying to remember key dates throughout the year. For this reason, we have prepared a list for you to refer back to for the first half of 2020:
January 2020
15 January: Income tax lodgement due*
21 January: December monthly BAS due
28 January: December quarter super guarantee charge statement due
31 January: December quarter TFN Report lodgment due
February 2020
03 February: February fuel tax credit rates changes
21 February: January monthly BAS due
28 February: December quarterly BAS due & December quarter PAYG instalment due
March 2020
23 March: February monthly BAS due
April 2020
21 April: March monthly BAS due
28 April: March quarter super guarantee due,March quarterly BAS due & March quarter PAYG instalment due
May 2020
21 May: Fringe Benefit Tax (FBT) return due & April monthly BAS due
28 May: March quarter super guarantee charge statement due
June 2020
22 June: May monthly BAS due
30 June: End of financial year
July 2020
01 July: New financial year begins
14 July: Issue PAYG withholding payment summaries or income statements
21 July: June monthly BAS due
28 July: June quarter super guarantee charge statement due, June quarterly BAS due & June quarter PAYG instalment due
*For companies and trusts that were taxable medium to large taxpayers in the prior year and are not required to lodge earlier.
Please Note: This is only a concise list, as such there may be other key dates that relate to your business. For more information please refer to the below websites.
Australian Taxation Office: https://www.ato.gov.au/
Australian Government Business: https://www.business.gov.au/
Western Australian Government: https://www.wa.gov.au/
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