This is a friendly reminder of the upcoming key due dates for SME business in August 2021:
|16 August 2021|
Due date for the following entities to lodge thefor the year to 30 June 2021:
Types of payment summaries that may need to be reported include:
Small and medium withholders who use a Tax Agent or BAS Agent to prepare this report can lodge by 30 Sep 2021 (if payees include unrelated persons) or the due date of their tax return (if closely held payees only). Employers utilising(STP) are not required to provide an annual report for amounts covered by STP.
Due date for superannuation funds and retirement savings account (RSA) providers to report (DASPs) made during the year to 30 June 2021, if the payers are also required to lodge the PAYG payment summary statement as noted above.
Superannuation funds and RSA providers that are not required to lodge the PAYG payment summary statement must report DASPs in a separate annual report by 31 Oct 2021.
|Employee Share Scheme||
Due date for providers of interests in employee share schemes (ESS interests) to lodge the for the Year to 30 June 2021.
|23 August 2021|
|GST||Final date for eligible monthly GST payers to elect to report GST annually for 2021/22.|
Due date to lodge and pay monthly activity statements for July 2021. Tax obligations that may be payable include:
|25 August 2021|
Due date to lodge and pay Quarterly - Activity Statements for the June 2021 quarter (if lodged through a Tax Agent or BAS Agent, or the entity is an active STP reporter).
Tax obligations that may be payable include:
|30 August 2021|
|Superannuation||Due date for employers who failed to pay the minimum Superannuation Guarantee Contributions by 28 July 2021 to pay the Superannuation Guarantee Charge (SGC) and lodge a . The SGC is not tax deductible.|
Due date for taxpayers in the following industries to lodge the taxable payments annual report in respect of payments made to contractors providing services to the taxpayer during the year to 30 June 2021:
|Government Grants||Due date for Government entities to report grants they have paid during the year to 30 June 2021 using the taxable payments annual report.|
|Life Insurance||Due date for life insurance companies with a year end of 30 June 2021 to determine the transfer value of complying superannuation assets and segregated exempt assets and to value complying superannuation liabilities and exempt life insurance policy liabilities.|
For More Information
For more information or assistance in these matters, please contact the Archer Gowland Redshaw office to speak with our team of advisers on (07) 3002 2699.
** Please note, the above dates have been amended where they fall on a weekend or public holiday.