Bookkeeping Tips: Staying Organised Part II

Posted: Friday, April 13, 2012 at 3:56:44 PM EST by MIchelle Baldi

With so many accounting dates & deadlines in a financial year, we all need reminders!

The Australian Taxation Office has a useful Tax Calendar that lists all the required dates in one place.  You can modify the calendar to suit your business by completing a short easy questionnaire.

Click here to download the Tax Calendar for free.

Due dates for PAYG, BAS & Super

Make sure you lodge on time

The ATO may contact you if the lodgement of your activity statement is not up to date.  Use your Tax Calendar, or click here to check if you are lodging on time.

 tax-calendar-reminder

The Quarter 3 (Jan-Mar 2012) BAS including March PAYG, is due for lodgement and payment by 30th April 2012.  Superannuation contributions for the same quarter are due on the same date.

You still need to lodge your activity statement by the due date, even if you are unable to make payment, or you may be charged penalties and interest.

Don’t make the mistake of doubling up on your activity statement.  If you have completed your activity statement electronically, then there is no need to complete a paper copy.  Problems can arise if the ATO receives more than one return with the same document identification number (DIN).

Always refer to the ATO home page (www.ato.gov.au) for more information and current news items.

The articles contained in this newsletter are intended for information only and not for advice.

If you found this information useful check out our first post on Bookkeeping Tips here.

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Comments

Comment by: Stephen Hamilton
May 11, 2012 at 3:11 PM
I would add that for very small businesses who haven't got the resources for a dedicated bookkeeper on staff, outsourcing the books to a professional bookkeeper. It saves a small business owner time to focus on what they do best, and avoids common mistakes that amateur bookkeepers often make.
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