As we come to the end of the financial year, there are lots of different jobs we need to get done. All of these have due dates so we thought we would put together a time-line to help you keep on track.
30 June 2021:
To receive a tax deduction in the 2020-21 Financial Year for wages and employee superannuation, these must be processed and paid by June 30. Payments must be received by 30 June so we recommend superannuation is paid mid-June to ensure it gets to the superfund on time
1 July 2021:
Superannuation Guarantee is increasing to 10% as of 1 July 2021, so please consider your employment contracts which may need to be altered.
14 July 2021:
Single Touch Payroll (STP) Finalisation is due by the 14 July for large employers of 19 employees or more. Let your employees know that that they will not be receiving their physical payment summary but rather can access their information on MyGov.
31 July 2021:
STP Payroll Finalisation is due by the 31st of July for small employers of less than 19 employees. Let your employees know that that they will not be receiving their physical payment summary but rather can access their information on MyGov.
April – June 2021 Business Activity Statement (BAS) is due for lodgement so please ensure you are providing us your BAS documents prior to the 25 August 2021.
28 August 2021:
Taxable Payment Annual Report (TPAR) is due – this is industry specific to the Cleaning, Building & Construction, Courier & IT industry – to report on all subcontractors working for you.