Tax time planner for small business
Tax time planner for small business
Get ready. The new financial year is nearly here!
MYOB has intelligent, intuitive tools to make your business life easier
Select a date to find out what you need to do this tax time
May 28
FBT due today.
Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee.
The fringe benefits are reportable if the total taxable value of the fringe benefits you provided in the fringe benefits tax (FBT) year (1 April to 31 March) exceeds $2,000.
If this applies to your business, your annual Fringe Benefits Tax return is due today – so make sure you don’t forget!
To do
- Submit payment for annual Fringe Benefit Tax return (if applicable)
- Find out more about FBT
- Pay Fringe benefits tax annual return
Lodge the Superannuation guarantee charge statement – quarterly and pay the super guarantee charge for quarter 3, 2016–17
Lodge the Superannuation guarantee charge statement – quarterly and pay the super guarantee charge for quarter 3, 2016–17We’ve made tax time less taxing
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June 30
End of financial year lodgement
The end of the financial year has arrived – and there’s plenty to do. Businesses need to start tying off loose ends for the old financial year and prepare for the new.
If this applies to your business, your annual Fringe Benefits Tax return is due today – so make sure you don’t forget!
To do
We’ve made tax time less taxing
New to accounting software?
Explore our online accounting products to help you save time and keep control of your finances.
Already with MYOB?
Update your software to stay ATO compliant
July 01
The new financial year begins – look at our checklist for what you need to do!
Single touch payroll (STP) begins 1 July 2017! Here’s what you need to know:
- Employers with > 20 employees must comply by 1 July 2018
- Employers should take an employee headcount on 1 April 2018
- Employers with < 19 employees can comply as updated solutions are available.
MYOB will be working closely with the ATO to deliver STP by 2018.
To do
If you use AccountRight or AccountEdge:
We’ve made tax time less taxing
New to accounting software?
Explore our online accounting products to help you save time and keep control of your finances.
Already with MYOB?
Update your software to stay ATO compliant
July 14
Employee PAYG withholding and Payment Summaries due
First thing’s first – if you haven’t already, provide payment summaries to your employees so they can lodge their tax returns.
By law, employees need to have received these by the end of today, so make this a priority!
To do
If you use AccountRight or AccountEdge:
We’ve made tax time less taxing
New to accounting software?
Explore our online accounting products to help you save time and keep control of your finances.
Already with MYOB?
Update your software to stay ATO compliant
July 28
Don’t forget your quarterly PAYG and/or GST instalment notices, as well as any necessary PAYG and FTB instalments.
To do
If you use AccountRight or AccountEdge:
We’ve made tax time less taxing
New to accounting software?
Explore our online accounting products to help you save time and keep control of your finances.
Already with MYOB?
Update your software to stay ATO compliant
Want to know more?
We have the tools to help make tax time easy!
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