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Cover: Important financial dates in 2022

Make sure you and your business are prepared for the year ahead. Find out the important financial dates for 2022.

Keeping on top of due dates can help you keep your business running smoothly. Take note of the most important financial dates for 2022 to plan for the year ahead and avoid any unnecessary penalties.

End of financial year (EOFY)

The end of the financial year is an important time for your small business. The last day of the financial year falls on 30 June each year.

You'll need to complete bookkeeping, tax returns and plan for the new financial year. Learn how to prepare for the EOFY to get your business organised and work smarter in the year ahead.

Tax returns

At the end of a financial year, you must lodge your tax returns with the Australian Taxation Office (ATO).

If you don’t lodge your tax return through a registered tax agent, you must submit your returns by 31 October.

If you're using a tax agent for the first time, or using a different tax agent, you need to contact them before 31 October.

Business activity statements (BAS)

Business activity statements are used to report and pay different taxation obligations for your business including:

  • goods and services tax (GST)
  • pay as you go withholding (PAYG withholding) – if you have employees
  • pay as you go instalments (PAYG instalments).

Most small businesses lodge their BAS and pay any amount owing (or get a refund) quarterly.

  • Quarter 1 (July, August and September) – 28 October
  • Quarter 2 (October, November and December) – 28 February
  • Quarter 3 (January, February and March) – 28 April
  • Quarter 4 (April, May and June) – 28 July

Superannuation

If you're required to pay super for your employees or workers, you must pay super contributions to their nominated super fund by the following dates. It is important to meet these deadlines, otherwise you may face a super guarantee charge.

  • Quarter 1 (July, August, and September) – 28 October
  • Quarter 2 (October, November and December) – 28 January
  • Quarter 3 (January, February and March) – 28 April
  • Quarter 4 (April, May and June) – 28 July

When a super due date falls on a weekend or public holiday, you can make the payment on the next business day.

Explore important due dates by month.

 


For more information visit www.business.gov.au

 

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