2019 FY Lodgement Dates

16 Jul 2018 – Issue PAYG withholding payment summaries to employees

28 Jul 2018 – Due date for payment of employees’ superannuation guarantee contributions for June quarter (1 April 2018 to 30 June 2018)

14 Aug 2018 – PAYG Withholding annual report due to be lodged with the ATO

25 Aug 2018 – Jun 18 Quarter BAS due (if lodging through a tax agent)

28 Aug 2018 – Taxable Payments Annual Report Due

28 Oct 2018 – Due date for payment of employees’ superannuation guarantee contributions for Sep quarter (1 July 2018 to 30 Sep 2018)

25 Nov 2018 – Sep 18 Quarter BAS due (if lodging through a tax agent)

28 Jan 2019 – Due date for payment of employees’ superannuation guarantee contributions for Dec quarter (1 Oct 2018 to 31 Dec 2018)

28 Feb 2019 – Dec 18 Quarter BAS due (if lodging through a tax agent)

29 Apr 2019 – Due date for payment of employees’ superannuation guarantee contributions for Mar quarter (1 Jan 2019 to 31 Mar 2019)

15 May 2019 – 2018 Income tax return due for lodgement (please note the tax return due date might be different depending on your situation. For example, if 2017 FY return was lodged late, 2018 FY return will be due 31 Oct 2018)

26 May 2019 – Mar 18 Quarter BAS due (if lodging through a tax agent)

28 Jul 2019 – Due date for payment of employees’ superannuation guarantee contributions for June quarter (1 April 2019 to 30 June 2019)

25 Aug 2019 – Jun 19 Quarter BAS due

* These are standard due dates and some may differ depending on your circumstances. Monthly activity statements are not included and are due 21st of the following month.

Please note:

For clients who are not on our bookkeeping package, we are able to complete any of the year-end processing for you and lodge the relevant reports with the ATO – contact us for a quote. Alternatively, the following information helps you to complete and lodge the applicable reports.

 

PAYG Payment Summaries

The process that needs to be followed to prepare and publish employee payment summaries is:

  1. Review payroll transactions for EOFY
  2. Prepare and publish employee payment summaries
  3. Submit payment summary report to the ATO

If you use Xero as your accounting software, the following is a link to Xero’s guide to year-end payroll processing:

https://central.xero.com/s/article/Payroll-year-end

 

Taxable Payments Annual Report

You need to report if the following apply:

  • you’re a business that is primarily in the building and construction industry
  • you make payments to contractors for building and construction services
  • you have an Australian business number (ABN).

You’re considered to be a business that is primarily in the building and construction industry if any of the following apply:

  • in the current financial year, 50% or more of your business income is derived from providing building and construction services
  • in the current financial year, 50% or more of your business activity relates to building and construction services
  • in the financial year immediately before the current financial year, 50% or more of your business income was derived from providing building and construction services.

If you use Xero as your accounting software, the following is a link to Xero’s guide on how to prepare your TPAR and submit it to the ATO in three simple steps:

https://tv.xero.com/detail/videos/how-to/video/5127749750001/taxable-payments-annual-report-in-xero-au

 

Payroll Tax

If you are an employer who pays taxable wages in Queensland, you must register for payroll tax when you:

  • pay more than $21,153 a week in Australian taxable wages
    or
  • become a member of a group (related or connected businesses) that together pays more than $21,153 a week in Australian taxable wages. 

You must register within 7 days after the end of the month in which your wages exceed $21,153 a week, even if you think that you will pay less than $1.1 million in Australian taxable wages in a year. The Office of State Revenue may charge penalties and interest if you do not register on time.

 

If you require our assistance with lodgement of your taxation affairs, please don’t hesitate to contact our office on (07) 3174 5010 or email admin@tradiesaccountant.com

Ellen Mubwandarikwa

Ellen Mubwandarikwa