Tax time planner for small business

Everything you need to know to stay ATO compliant

Select a date to see what you need to do to keep on top of your tax

21 February

2020 is well underway!

Have you figured out where your business is headed this year? Got some ideas about your goals? Even if you haven't nailed that yet, take a look at your checklist.

To do
  • Lodge and pay December 2019 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically.
  • Lodge and pay January 2020 monthly business activity statement.

28 February

Leap into March!

Tomorrow is Leap Year Day, the date that's added to the calendar every four years. If your birthday is tomorrow, you've technically had less birthdays than the rest of us. If it's not, well there's a checklist below for you anyway.

To do
  • Lodge tax return for non-taxable large/medium entities as per the latest year lodged (except individuals)
  • Lodge tax returns for new registrant (taxable and non-taxable) large/medium entities (except individuals)
  • Lodge tax return for large/medium new registrant (non-taxable) head company of a consolidated group
  • Lodge and pay Self-managed superannuation fund annual return (NAT 71226) for new registrant (taxable and non-taxable) SMSF

21 March

See the forest for the trees

Today is the International Day Of Forests. Every year, the planet loses more than 13 million hectares of forests. That's roughly the size of England! Go spend some time in a forest after you look at your checklist.

To do
  • Lodge and pay February 2020 monthly business activity statement

31 March

First quarter is finished!

Wow, a quarter of 2020 is already over! Did that go fast? Before you start Q2, make sure all the things on this checklist that apply to you are taken care of.

To do
  • Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large/medium taxpayers), unless the return was due earlier.
  • Lodge tax return for the head company of a consolidated group (excluding large/medium), with a member who had a total income in excess of $2 million in their latest year lodged, unless the return was due earlier.
  • Lodge tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large/medium trusts.

21 April

Don't just be a passenger

Today is Iggy Pop's birthday! You might think you'll get bored by lodging your forms today but there's no need to be a stooge. Making sure you do it will give your business the raw power it needs!

To do
  • Lodge and pay quarter 3, 2019–20 PAYG instalment activity statement for head companies of consolidated groups.
  • Lodge and pay March 2020 monthly business activity statement.

28 April

One month until Winter!

Unless you live in Queensland, you'll be getting ready for another change of season! But before you get your coats and scarves out of the cupboard, make sure you check your to-do list

To do
  • Lodge and pay quarter 3, 2019–20 activity statement if electing to receive and lodge by paper and not an active STP reporter.
  • Pay quarter 3, 2019–20 instalment notice (form R, S or T). Lodge the notice only if you are varying the instalment amount.
  • Make super guarantee contributions for quarter 3, 2019–20 to the funds by this date.

30 April

Straight, no chaser

Today is International Jazz Day! Take a look at your checklist and while you're listening to Thelonious Monk or maybe some Duke Ellington, lodge those important forms. 

To do
  • Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 3, 2019–20.
  • Lodge lost members report for the period 1 July 2019 to 31 December 2019.

15 May

Don't be a clown

On this day in 1940, a small fast-food outlet by the name of McDonald's opened its first restaurant in California. We're not sure if they went on to big success but your business can by checking today's list.

To do
  • Lodge 2019 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June concession. Due date for companies and super funds to pay if required.

21 May

Be the first at something

On this day in 1932, Amelia Earhart became the first woman to fly solo across the Atlantic Ocean. Be the first to check your list today (not quite as impressive, but we can't all be as amazing as Amelia).

To do
  • Lodge and pay April 2020 monthly business activity statement.
  • Final date to add new FBT clients to your client list to ensure they receive the lodgment and payment concessions for their fringe benefits tax returns. Lodge and pay Fringe benefits tax annual return if lodging by paper.

26 May

Get a little help from your friends

Back in 1967, The Beatles released Sgt. Pepper's Lonely Hearts Club Band - their highly influential 8th album. Make sure you do your checklist today so you can feel good about your business when you're sixty-four.

To do
  • Lodge and pay eligible quarter 3, 2019–20 activity statements if you or your client have elected to receive and lodge electronically.

28 May

Time for winter

2020 is going fast! Get out your extra blankets and light those cozy fires because winter starts next week! Oh, and take a look at your checklist.

To do
  • Pay Fringe benefits tax annual return if lodging electronically.
  • Lodge and pay quarter 3, 2019–20 Superannuation guarantee charge statement - quarterly (NAT 9599) if the employer did not pay enough contributions on time.

05 June

It's World Environment Day!

Every year on this day, the United Nations encourages awareness of environmental issues like marine pollution, climate change, overpopulation and sustainability. Find a way to do your part with your business!

To do
  • Lodge tax return for all entities with a lodgment due date of 15 May 2020 if the tax return is not required earlier and both of the following criteria are met: non-taxable or a credit assessment in latest year lodged OR non-taxable or receiving a credit assessment in the current year.
  • Lodge tax returns due for individuals and trusts with a lodgment due date of 15 May 2020 provided they also pay any liability due by this date.

21 June

A day of two moons

On this day in 2006, NASA officially named two of Pluto's new moons - Nix and Hydra - after the goddess of darkness and the nine-headed serpent in Greek mythology. We hope your business name is as cool as those.

To do
  • Lodge and pay May 2020 monthly business activity statement.

25 June

EOFY is almost here!

The end of the financial year is right around the corner. Time to get all your business ducks in order. Now all we can think about is ducks running their own businesses. Ducks mean business.

To do
  • Lodge 2020 Fringe benefits tax annual return for tax agents if lodging electronically. Payment (if required) is due 28 May.

30 June

EOFY is here!

We're done with the first half of 2020! What's your plan for the second half? Is your business growing and getting more successful? We hope so!

To do
  • Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2019–20 financial year.

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