When Are Business Tax Returns Due?

Australia business tax returns due dates

Business tax returns are due at different times, depending on the type of business entity which impacts tax deadlines. See below regarding the due date:

• Sole Traders and Partnerships: If you operate as a sole trader or within a partnership, you need to lodge your tax return by October 31 following the end of the financial year, which runs from July 1 to June 30.

• Companies and Trusts: For companies and trusts, the due date for lodging tax returns depends on the accounting period and the specific business’s lodging history. If the company has a tax agent, the return’s due date might be extended to March or May of the following year. The Australian Taxation Office (ATO) provides specific details for each company’s circumstances.

 

Quarterly and Annual BAS

If your business is registered for Goods and Services Tax (GST), you must lodge a Business Activity Statement (BAS). If lodging quarterly, the BAS is due on October 28, February 28, April 28, and July 28 for the previous quarter’s transactions.

Extensions: If you have a registered tax agent, you may be eligible for an extension beyond the standard deadlines. It’s crucial to check directly with the ATO or your tax agent to confirm any possible extensions and deadlines.

To summarize it, the due date for business tax returns in Australia varies, mainly influenced by the business type and its registration. Always check with the ATO or your tax agent to ensure compliance and avoid late penalties.

Should you require any additional assistance please don’t hesitate to contact us.

Posted on 06-March-2024
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Company or Trust Tax Return for Accountants & Bookkeepers

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* Premium Package pricing conditions ($1200+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

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* Standard Package pricing conditions ($800+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Basic Package pricing conditions: ($400+ GST):

If you do not qualify for this option, you will need to consider our Standard Package ($800+ GST).

Please note that ALL our plans exclude the following:

Please contact us for a customised quote if you require help on any of the excluded items.

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