Key Dates February 2022

Keeping on top of key ATO compliance dates each month is important to ensuring you meet lodgment deadlines.

21 February

• Lodge and pay December 2021 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically.
• Lodge and pay January 2022 monthly business activity statement.

28 February

• Lodge tax return for non-taxable large/medium entities as per the latest year lodged (except individuals).
  
  Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.
• Lodge tax returns for new registrant (taxable and non-taxable) large/medium entities (except individuals).
  
  Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.
• Lodge tax return for non-taxable head company of a consolidated group, including a new registrant, that has a member who has been deemed a large/medium entity in the latest year lodged.
  
  Lodge tax return for any member of a consolidated group who exits the consolidated group for any period during the year of income.
• Lodge tax return for large/medium new registrant (non-taxable) head company of a consolidated group.
• Lodge and pay Self-managed superannuation fund annual return (NAT 71226) for new registrant (taxable and non-taxable) SMSF, unless they have been advised of a 31 October 2021 due date at finalisation of a review of the SMSF at registration.
  
  Note: There are special arrangements for newly registered SMSFs that do not have to lodge a return – see Super lodgment.

• Lodge and pay quarter 2, 2021–22 activity statement for all lodgment methods.
• Pay quarter 2, 2021–22 instalment notice (form R, S or T). Lodge the notice only if you vary the instalment amount.
• Annual GST return – lodge (and pay if applicable) if the taxpayer does not have a tax return lodgment obligation.
  
  If the taxpayer does have a tax return obligation, this return must be lodged by the due date of the tax return.
• Lodge and pay quarter 2, 2021–22 Superannuation guarantee charge statement – quarterly if the employer did not pay enough contributions on time.
  
  Employers lodging a Superannuation guarantee charge statement - quarterly can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.
  
  Note: The super guarantee charge is not tax deductible.

Use our Super guarantee charge statement and calculator tool to work out the super guarantee charge and prepare the Superannuation guarantee charge statement – quarterly.

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At Trinity Advisory, we specialise in tax accounting, advisory services, and business coaching for small businesses located in and around Cairns (116 Mulgrave Road, Parramatta Park QLD 4870) and the Sunshine Coast (2/8 Maroochydore Road, Maroochydore QLD 4558).

Should you need any taxation or accounting advice for your business, get in touch with Trinity Advisory today. Our team of expert Business Accountants, Advisors and Coaches are here to help!