The start of the new financial year is upon us. For most of you, this means finalising your general ledger accounts in order to get the necessary information to us to prepare your final 2023 accounts and taxreturns.

However, it can be a time where we forget that our businesses have final obligations due in relation to the end of the financial year.

In order for you to be across your tax obligations, below are the key compliance dates coming up. Make sure these lodgments are up to date to avoid any interest and penalties.

If you have questions or need help with any of the following, we are here to help.

KEY TAX DATES – JULY and AUGUST 2023

14 July 2023 – Payment Summaries – Provide payment summaries to employees if you do not use Single Touch Payroll

21 July 2023 – GST – Monthly Activity Statement and payment for June

21 July 2023 – PAYG withheld – Monthly Activity Statement and payment for June

21 July 2023 – PAYG instalment – Activity Statement and payment for monthly reporters for June

28 July 2023 – GST – Quarterly Activity Statement and payment for the April to June 2023 quarter if you do not lodge with us

28 July 2023 – PAYG withheld, FBT instalment and PAYG instalment – Quarterly Activity Statement and payment for the April to June 2023 quarter if you do not lodge with us

28 July 2023 – Superannuation guarantee – Lodgment and payment of superannuation guarantee statement

14 August 2023 – PAYG withholding – Due date for lodgment of annual PAYG withholding report for employees

21 August 2023 – GST – Monthly Activity Statement and payment for July

21 August 2023 – PAYG withheld and PAYG instalment – Monthly Activity Statement and payment for July

25 August 2023 – BAS – Quarterly Activity Statement lodgment and payment due date for the April to June 2023 period if you are lodging with us

28 August 2023 – Taxable payments annual report – 2022–23 lodgment of taxable payments annual report if you are in the building and construction, courier, cleaning, road freight, information technology and security, investigation or surveillance industries and you pay contractors to complete work for you.

CTTO: Wolters Kluwer

Anything keeping you up at night?

If you’re facing operational issues, tackling people challenges, or have health and safety questions, give us a call, email us or text us. We are here to help.

If you are looking for a Xero Bookkeeper in Melbourne, Centegrity offers Xero Bookkeeping services as well as Business Mentoring to help grow your business without being Key Person Dependant. No matter what bookkeeping solution you need, we can help.  Contact us or fill in the form below to get started.