May 2024 Tax Obligations Alert!
As we approach May 2024, staying on top of your tax obligations is crucial to ensure compliance and avoid penalties. Here’s a quick rundown of what’s due:
📅 15 May: Deadline to lodge 2023 tax returns for entities not previously required, including consolidated groups without the 5 June concession. Companies and super funds should also make necessary payments by this date. Individuals and trusts, follow your notice of assessment.
📅 21 May:
- Lodge and pay your April 2024 monthly business activity statement.
- Last chance to add new FBT clients to receive lodgment and payment concessions for their FBT returns.
- Lodge and pay by paper your Fringe Benefits Tax annual return.
📅 26 May: Lodge and pay Q3 2023-24 activity statements electronically if opted in.
📅 28 May: Lodge and pay the Q3 2023-24 Superannuation Guarantee Charge Statement if required contributions were not made on time.
Remember, for employers filing a Superannuation Guarantee Charge statement, contributions paid late can be offset against the super guarantee charge, but the remaining balance must still be settled.
👉 Stay organised and contact The Small Business Lounge for your preparation and lodging assistance. We’re here to help ensure everything is timely and accurate!
📞 Contact us today for guidance and support! (08) 6153 0036