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.

April
21 April: Lodge and Pay Monthly IAS/BAS – March
28 April: Lodge and Pay Quarterly BAS  – January to March
 Check employees have signed authority to email payment summaries.
 Check SuperStream compliance is in place for start by 1 July

May
 Prepare your End of Year Plan
21 May: Lodge and Pay Monthly IAS/BAS – April
28 May: Fringe Benefits Tax annual return – due date for payment.

June
21 June: Lodge and Pay Monthly IAS/BAS – May
25 June: 2016 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 2015–16 financial year.
30 June: Stocktake completed

July
14 July: Prepare and distribute Employee Payment Summaries
21 July: Lodge and Pay Monthly IAS/BAS – June
21 July: Payroll Tax annual reconciliation
28 July: Lodge and pay  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
21 August: Lodge and Pay Monthly IAS/BAS – July
25 August: Lodge Taxable Payments Annual Reports

September
Meet with trusted adviosr to finalize the EOY file
Send final EOY File to Accountant
21 July: Lodge and Pay Monthly IAS/BAS – August