Key dates to be aware of
30 June. Last day of the 2020/ 2021 Financial Year.
1 July. Start of the 2021/ 2022 Financial Year.
14 July. Single Touch Payroll finalisation declaration is due.
21 July. Lodge and pay your June 2021 Business Activity Statement (BAS) if you pay monthly.
28 July. Lodge and pay Q4 (April-June) Business Activity Statement (BAS) if you pay quarterly.
28 July. Make sure all Q4 superannuation guarantee contributions are received by employees’ funds to avoid extra charges.
28 August. Lodge Taxable Payments Report if you’re in the building and construction industry.
21 October. Deadline to lodge your tax returns if you’re doing it through an agent.
31 October. Deadline to lodge your individual/sole trader/partnership tax return, payment reports, and Annual Investment Income report.
28 February. Deadline to lodge your company tax return. These dates vary, so check the ATO website before getting started.
Before you get started...
Talk to your accountant. They’ll help you with specific advice, and ensure you’re taking advantage of any relief packages or deduction strategies that may cut down your tax bill. They’ll also help you avoid common tax mistakes.