EOFY 2020 due dates

We have reached that time of year again, and the End of Financial Year is upon us. It is important that key dates for lodgements are met and that all financial reporting commitments are ready for you to proceed headfirst into the 2020/2021 year.

 Here is a heads up of the upcoming due dates (deep breathe - there’s a lot of them).

 As an A-Team client, we will take care of the hard work for you.

We will be in touch closer to the deadlines with more information.

 

A lot of the EOFY deadlines are centred around employees. So if you don’t have any staff just yet, you can skip most of these dates.

For businesses with staff, we have prepared an Employee Information Sheet to hand out to your employees to explain the STP process this year.

Hopefully, this will help with the inevitable questions “when can I do my tax?” that will come streaming in from midnight on the 30th of June.

 

21 June 2020

  • May BAS / IAS Lodge and pay May 2020 monthly business activity statement.

17 June 2020

  • Super Guarantee Contributions for the April-June 2020 quarter must be lodged and paid by this date if you would like to claim it as a deduction in the 2019/2020 financial year.

30 June 2020

  • Stocktake if stocktake is required by your business please complete by the end of business today.

  • Instant asset write off to claim the tax deduction of a single asset up to $150 000 for the instant asset write off for the 2019/2020 financial year, assets must be installed and ready for use by today

1 July 2020

  • Pay Rate Rises Fairwork have delayed the announcement of a rate rise this year due to COVID-19. We will come back to you with any more information as it becomes available

 14 July 2020

  • STP Declaration due for the 2019/2020 financial year for single touch payroll

  • Job Keeper Declaration due for June 2020

21 July 2020

  • Payroll Tax Annual Reconciliation must be completed for the 2019/2020 financial year

  • June BAS / IAS Lodge and pay June 2020 monthly business activity statement.

20 July 2020

  • Super Guarantee Contribution for the April-June 2020 quarter completed and paid.

31 July 2020

  • Employee Income Statements need to be available to employees through their My Gov account (this is done as part of the STP finalisation)

14 August 2020

  • Job Keeper Declaration due for July 2020 

21 August 2020

  • July BAS / IAS Lodge and pay July 2020 monthly business activity statement.

25 August 2020

·      June quarter BAS due for lodgement and payment.

** Four week extension if you are lodging with us under the BAS agent lodgement program.

28 August 2020

  • TPAR Taxable Payments Annual Report due

31 August 2020

  • Workcover Declaration due of actual wages for the 2019/2020 year and the proposed wages for the 2020/2021 year

14 September 2020

  • Job Keeper Declaration due for August 2020

21 September 2020

  • August BAS / IAS Lodge and pay August 2020 monthly business activity statement.

Not an A-Team client, but feeling overwhelmed about all these due dates? Book in a call with us below.

Jo DoyeAlluvia FinancialComment