Preparing and lodging tax statements and returns due in May 2022

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

15 May

• Lodge 2021 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June concession.
  
  Due date for companies and super funds to pay if required.
  
  Note: Individuals and trusts in this category pay as advised on their notice of assessment.

21 May

• Lodge and pay April 2022 monthly business activity statement.
• Final date to add new FBT clients to your client list to ensure they receive the lodgment and payment concessions for their fringe benefits tax returns.
  
  Lodge and pay Fringe benefits tax annual return if lodging by paper.

26 May

• Lodge and pay eligible quarter 3, 2021–22 activity statements if you have elected to receive and lodge electronically.

28 May

• Lodge and pay quarter 3, 2021–22 Superannuation guarantee charge statement - quarterly (NAT 9599) if the employer did not pay enough contributions on time.
  
  Employers who lodge 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.
  

Read more

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 our team of experts today.