Preparing and lodging tax statements and returns due in March 2022

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

21 March

• Lodge and pay February 2022 monthly business activity statement.

31 March

• Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large/medium taxpayers), unless the return was due earlier.
  
  Payment for companies and super funds in this category is also due by this date.

• Lodge tax return for the head company of a consolidated group (excluding large/medium), with a member who had a total income in excess of $2 million in their latest year lodged, unless the return was due earlier.
  
  Payment for companies in this category is also due by this date.

• Lodge tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large/medium trusts.
  
  Payment for individuals and trusts in this category is due as advised on their notice of assessment.

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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!