Benjamin Franklin once said “By failing to prepare, you are preparing to fail.”
Take this opportunity to make your End of Year stress free by using the timeline and your trusted advisor to calmly prepare for the end of year.
May
1 May: Prepare your End of Year Plan
21 May: April 2015 Monthly Activity Statement – due date for lodging and paying.
28 May: Fringe Benefits Tax annual return – due date for payment.
June
21 June: May 2015 Monthly Activity Statement – due date for lodging and paying.
25 June: 2015 Fringe Benefits Tax annual return – lodgement due date for tax agents (if lodging electronically). Payment (if required) is due 28 May.
Prior 30 June: Super Guarantee Contributions must be paid (to fund) by this date to qualify for a tax deduction in the 2014–15 financial year.
30 June: Stocktake completed
July
14 July: Prepare and distribute Employee Payment Summaries
21 July: June 2015 Monthly Activity Statement – due date for lodging and paying.
28 July: Prepare June Quarter Business Activity Statement, unless extension is available
28 July: Pay June Quarter Superannuation Guarantee, (unless already paid before June 30)
August
14 August: Lodge Employee Payment Summaries
25 August: Lodge Taxable Payments Annual Reports
September
14 September: Meet with trusted adviosr to finalize the EOY file
25 September: Send final EOY File to Accountant
