Servicing Greater Sydney, Parramatta

Key Dates - January 2017

Date Category Description
     
15 Jan 2017 Income tax returns Due date for all entities other than individuals, that were taxable large/medium entities in the latest year lodged, to lodge 2015/16 income tax returns.
The due date for companies and superannuation funds in this category to pay income tax was 1 Dec 2016.
The due date for trusts in this category to pay income tax is the date stated on their notice of assessment.
You cannot 'self-assess' a lodgment deferral from this date or assume a later date for lodgement on the basis that the taxpayer will be non-taxable in the current year.
     
15 Jan 2017 Income tax returns Due date for taxable head companies of consolidated groups (including new registrants), that have a member deemed to be a large/medium entity in the latest year lodged, to lodge 2015/16 income tax returns.
The due date for these entities to pay income tax was 1 Dec 2016.
     
21 Jan 2017 Activity statements  Due date to lodge and pay monthly activity statements for December 2016 (*see below for extension granted to certain small businesses). Tax obligations that may be payable include:
  • GST, wine equalisation tax and luxury car tax for December 2016.
  • PAYG withholding for December 2016 (medium withholders).
  • PAYG instalment for December 2016 for monthly PAYG instalment payers (corporate tax entities with instalment income (as defined) above $1 billion).

* Small business clients (up to $10 million turnover) who report GST monthly and lodge electronically are granted a one month extension for the December monthly BAS only. The due date is 21 Feb 2017.

     
21 Jan 2017 Activity statements  Due date for head companies of consolidated groups to lodge and pay quarterly instalment activity statements for the December 2016 quarter.
     
28 Jan 2017 Superannuation  Due date for employers to pay superannuation guarantee contributions for the December 2016 quarter.
Employers who fail to pay the minimum superannuation guarantee contributions by this date must pay the superannuation guarantee charge (SGC) and lodge a Superannuation guarantee charge statement - quarterly by 28 Feb 2017. The SGC is not tax deductible.
     
31 Jan 2017 TFN/ABN reporting Due date for the following entities to lodge quarterly reports for the December 2016 quarter:           
  • Investment bodies TFN/ABN reports for new TFN/ABN quotations by investors.
  • Closely held trusts TFN reports for TFNs quoted to a trustee by beneficiaries.

NOTE:
  • As some dates may vary, please ensure you contact the Australian Taxation Office to double check any dates in question.
  • When the due date for lodgment or payment falls on a Saturday, Sunday, or public holiday, it may be done on the next business day.

  • Our firm is built on being attentive to and extensively knowledgeable about our clients so we can work with them to help them to both achieve their goals and protect them from risk. We are forward looking in our advice and always aim to be practical and right.
    - Martin Roughley, Managing Director
  • In business, there is so much going on and you don’t always have all the answers. That’s when you need to know who to call. Our clients call us.
    - Shaun Madders, Director
  • Going beyond the compliance and routine is what we do. By maintaining open and frank communication we are able to provide valuable insights and assist in driving the changes required to help our clients achieve their goals.
    - Fergus Roughley, Director