Tax time planner for small business

Everything you need to know to stay ATO compliant

Select a date to find out what you need to do this tax time

April 21

Time for quarterly activity statements.

Get all the paperwork in order! It's time to prepare and lodge your quarterly activity statement.

To do

  • Make sure everything is ready for lodging and paying your quarterly activity statement for the third quarter of the 2015-16 year
  • Did you pay your super guarantee charge last month? If not, it's due on this date as well
  • Month-end procedures

April 28

It's BAS and SGC time.

It’s time to lodge your BAS for the third quarter of 2015-2016, so get that done today and tick it off your list. Also, if you need to pay a super guarantee charge (SGC), that’s due today too – so get onto it!

If you pay and report quarterly and are not already doing so using a SuperStream compliant service, this will be the last time you will be able to do so.

To do:

  • Lodge and pay your quarterly business activity statements for the third quarter of 2015-2016
  • Make your super guarantee contributions for the third quarter
  • Month-end procedures


May 03

Federal Budget 2016-2017 announced today.

The Federal Budget will contain critical information for your business, so make sure you pay attention to the finer details and think of ways the budget could benefit your business.

Check out our blog to learn about the important tax changes announced in the budget.

May 28

FBT due today.

Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee.

The fringe benefits are reportable if the total taxable value of the fringe benefits you provided in the fringe benefits tax (FBT) year (1 April to 31 March) exceeds $2,000.

If this applies to your business, your annual Fringe Benefits Tax return is due today – so make sure you don’t forget!

To do:

June 23

Tax tables will be released soon.

We're putting the finishing touches on our tax table update and will have them ready for you to download soon. Watch this space!

To do:

  • Keep an eye out for this year’s tax tables (coming soon)

June 28

2016-2017 Tax Tables available soon!

If you're using AccountRight or AccountEdge, the latest tax tables will soon be available. Watch this space!

You need to have prepared your payment summaries before updating your software. You can start preparing your payment summaries from the last payrun of June.

If you’re using MYOB Essentials, you don’t need to do anything as your software will be updated automatically.

To do:

  • Prepare payment summaries
  • Keep an eye out for the latest tax tables


June 30

SuperStream compliance essential from today on!

SuperStream is a Government reform to improve the efficiency of the superannuation system. From midnight tonight, you must submit your employees’ super payments electronically.
MYOB has options to suit your business.

NOTE: If you’re using M-Powered Superannuation, click here to see your options.

To do:

July 01

The new financial year begins

The start of the new financial year is filled with many ATO obligations – and now's the time for businesses to get started.

Once you've completed your last pay for the financial year and prepared your Payment Summaries, there are a few things you'll need to do.

To do:

If you use AccountRight or AccountEdge:

If you use MYOB Essentials or Essentials Accounting:

  • Everything is handled automatically for you.

July 14

Employee PAYG withholding and Payment Summaries due

First thing's first – if you haven't already, provide payment summaries to your employees so they can lodge their tax returns.

By law, employees need to have received these by the end of today, so make this a priority!

July 25

First mandatory SuperStream payment almost due

From July 28, all superannuation payments must be received electronically using a SuperStream compliant solution.

To ensure your employees' super funds receive their payments in time, you should process them today.

To do:

  • Ensure you're SuperStream compliant
  • Process your super payments


July 28

First mandatory SuperStream payment due

Today is the due date for the first mandatory super payments made under SuperStream. If you still haven't done this, here's what you need to do.

Also, don't forget your quarterly PAYG and/or GST instalment notices, as well as any necessary PAYG and FTB instalments.

To do:

August 14

It's time for PAYG

Business PAYG withholding and activity statements are due.

When it comes to PAYG, we've got quick and easily digestible information to share.

To do:

  • Not using a tax or BAS agent? Your PAYG summary is due today


August 21

It's the 21st of the month

Your monthly activity statement for July is due today... so if you haven't done it yet, get onto it!

To do

  • July monthly activity statement due today


August 25

Using a tax or BAS agent?

If you're using a tax or BAS agent who uses the Electronic Lodgement Service, the Tax Agent Portal, the BAS Agent Portal or Standard Business Reporting, today is the deadline for your quarterly activity statement and taxable annual report.

To do

  • Quarterly activity statement due today
  • Taxable payments annual report due today

August 28

It's super time

Today is the send date for taxable and super guarantee payments, so make sure everything is in order.

Remember – you can offset super contributions paid late to the super guarantee charge for the quarter.

To do

  • Lodge Superannuation charge statements today
  • Pay super guarantee charge for the fourth quarter
  • If you haven't already, find a SuperStream solution

September 21

First activity statement due today

Can you believe the first quarter is almost over?!

The time has come for you to get your first activity statement done and dusted.

To do

  • Lodge and pay August's monthly activity statement

September 30

PAYG due today

If you're using a tax or BAS agent, today is the day to complete your PAYG withholding payment summary annual report.

To do

  • Lodge PAYG withholding payment summary annual report

October 01

Today is the deadline for implementing the ATO’s second compliance update.

This update is due to the delayed passage of the Federal Budget legislation through Parliament (delayed due to the Federal Election in July).

Your new update contains updated tax tables. All businesses must be compliant with the new tax tables by the first pay run after October 1.

If you use MYOB Essentials, you’ll be automatically updated on October 1 to be compliant with the new update.

To do

October 21

It's time for PAYG... again!

Don't fall behind. Ensure you meet your employer obligations by submitting your PAYG instalment activity.

To do

  • Lodge your annual PAYG instalment notice (Form N)
  • Quarterly PAYG instalment activity statement due for the first quarter of 2016-2017
  • Lodge September 2016 monthly activity statement

October 25

Second mandatory SuperStream payment almost due.

To ensure your employees' super funds receive their payments in time, you should process them today.

To do

  • Process your super payments

October 28

Have you upgraded to a SuperStream compliant solution yet?

If not, today’s your last day. The ATO has extended some flexibility for small businesses who haven’t become compliant by today, but they’ll start cracking down soon.

Sign up to a SuperStream compliant solution today to make sure you’re on the ATO’s good side. 

Quarterly activity statements are also due today, along with the super guarantee contributions for the first quarter. 

To do

October 31

Get ready for the tax man!

Got all your tax affairs ready for your return? Your tax return is due today.

You need to lodge your PAYG withholding annual report, (no ABN withholding), as well.

If you need some more time, extend this deadline by appointing a tax agent.

To do:

  • If one or more returns were outstanding at 30 June, 2016, make sure your tax returns for all entities are prepared.
  • TFN reports for closely held trusts for TFNs quoted to a trustee by beneficiaries the the first 2016-2017 quarter are due now
  • Reconcile your books using bank feeds and be up to date!

November 01

If you haven’t updated to a SuperStream compliant solution yet, today’s the day the ATO starts cracking down.

While some flexibility was extended until October 28, the ATO will now be sending out notices to businesses which aren’t compliant.

Get on the ATO’s good side and sign up to a SuperStream compliant solution today! 

November 21

October's monthly activity statement due today

Today is the day to lodge your monthly activity statement for October.

To do:

  • October 2016 monthly activity statement due

November 25

Quarterly activity statement due today

If you're lodging via one of the following: electronic commerce interface (ECI), electronic lodgement service (ELS), Tax Agent Portal, BAS Agent Portal, Standard Business Reporting (SBR), today is the due date for lodging and paying for your activity statement for the first quarter.

To do:

  • Activity statement for the first quarter due today (if applicable)

November 28

It's SGC time!

Today is an important one, as it's the the due date for paying your super guarantee charge (SGC) from quarter 1.

It's also the due date to lodge your superannuation guarantee charge statement for quarter 2.

Get on it!

To do:

  • Lodge your SGC statement for quarter 2
  • Ensure you've paid your SGC from quarter 1

December 01

In a medium to large business?

Today is the due date for payment of income tax for large/medium taxpayers, companies and super funds.

To do:

  • Complete income tax (if applicable)

December 21

Don't forget November's monthly activity statement

Christmas is almost here, but wrapping presents isn’t the only paperwork you have to do today!

To do:

  • Lodge and pay for November’s monthly activity statement
  • Easily set up tax codes to track tax paid to you and by your business

Want to know more?

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