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Business

Company Tax

31 October: 2022 Tax returns due for lodgment for many individuals, companies & trusts. Contact me for assistance in lodging overdue returns & potentially avoiding ATO late fees & penalties.

1 July 2021: Company tax rate decreased to 25% for base rate entities from 26%

Superannuation

28 April: March 2022 quarter Superannuation guarantee contributions due for payment by this date. If the required superannuation payments were not paid by this date you maybe liable to the Superannuation Guarantee Charge, which is not tax deductible! Contact us for more information, guidance & assistance
1 July: Superannuation guarantee contributions increase to 10.5%, from 10%. Will continue to increase by 0.5% each financial year up to 12% on 1 July 2025
28 July: June 2022 quarter Superannuation guarantee contributions due for payment by this date

28 October: September 2022 quarter Superannuation guarantee contributions were due for payment by this date.

28 January 2023: December 2022 quarter Superannuation guarantee contributions due for payment by this date

Activity Statements

21 February: Lodge and pay December 2021 & January 2022 monthly activity statements
28 February: Lodge and pay December 2021 quarterly activity statement

Payroll Tax

7 January: Lodge and pay monthly return

Payroll

1 July 2021: Minimum wages increased by 2.5% (to $772.60 per week or $20.33 per hour)

SMSF & Superannuation

Superannuation Guarantee

28 April: March 2022 quarter Superannuation guarantee contributions due for payment by this date. If the required superannuation payments were not paid by this date you maybe liable to the Superannuation Guarantee Charge, which is not tax deductible! Contact us for more information, guidance & assistance
1 July: Superannuation guarantee contributions increase to 10.5%, from 10%. Will continue to increase by 0.5% each financial year up to 12% on 1 July 2025
28 July: June 2022 quarter Superannuation guarantee contributions due for payment by this date

28 October: September 2022 quarter Superannuation guarantee contributions were due for payment by this date.

28 January 2023: December 2022 quarter Superannuation guarantee contributions due for payment by this date

Concessional (Deductible) Superannuation Contribution Cap

1 July 2021: Increased to $27,500, from $25,000

Non-Concessional (Not-Deductible) Superannuation Contribution Cap

1 July 2021: Increased to $110,000, from $100,000

INDIVIDUALS

21 February: Lodge & pay December 2021 & January 2022 monthly activity statement
28 February: Lodge & pay December 2021 quarterly activity statement

1 July: Superannuation guarantee contributions increase to 10.5%, from 10%. Will continue to increase by 0.5% each financial year up to 12% on 1 July 2025
31 October: 2022 Tax returns due for lodgment for many individuals, companies & trusts. Contact me for assistance in lodging overdue returns & to potentially avoid ATO late fees & penalties.

1 July 2021: Minimum wages increased by 2.5% (to $772.60 per week or $20.33 per hour)

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