Bringing in the new year comes with re-energised motivation to stay organised and plan for the year ahead. The first step to starting the year off right for your business is being aware and organised of your upcoming Q3 lodgement dates and due payments.
Whilst the ATO gives some lenience over the summer holidays for your December obligations, it is important to be ready and get organised for the first lodgements and payments for the year.
Mark your calendars, set your reminders, be prepared for your Q3 lodgements
Planning for deadlines, lodgements and payments in advance means you can focus your time and attention on your business planning and goal setting for the year ahead. The ATO gives a little more time at the beginning of the year to action your December obligations, however this can become a trap for some business owners as they shift their focus to ‘bigger and better’ planning. Getting organised now can help you make a right start to the year and make your Q3 lodgements on time.
Single Touch Payroll (STP) Phase 2 is now mandatory, however check with your software provider whether you have an extension in place. It is important to check that your payroll software is compliant and if you need to look and upgrading to support growing payroll in your business. We can assist in finding a solution that is suited to your business and payroll needs.
Read more about STP P2 here.
We’ve highlighted some upcoming business Q3 lodgement dates to help you get organised for January to March, the third quarter of the 2023 financial year.
Q3 2023 Deadlines
| Lodgement Type | Period End Date | Lodgement / Payment Due Date | Notes |
|---|---|---|---|
| December (Monthly) Activity Statement | 31 Dec 2022 | 21st of the following month | The December monthly activity statements have a lodgement extension until 21 Feb 2023 |
| Superannuation Guarantee Contributions | 31 Dec 2022 | 28 Jan 2023 | Be sure to check the due date for your super clearing house as this may differ from the ATO due date. |
| Tax Return Lodgement* | 30 Jun 2022 | 31 Jan 2023 | For taxable large and medium entities as per the latest year lodged |
| Q2 December BAS | 31 Dec 2022 | 28 Feb 2023 | |
| FBT Returns | 31 Mar 2023 | 25 Jun 2023 | FBT Paper lodgements are due by 21 May 2023. We recommend having your FBT records together prior to the end of the period. |
| The above outlines general lodgement and payment dates as per the ATO. Please be aware that these are indicative only and to review your correspondence from us relating to your specific circumstances. | |||
Talk to us about your Q3 lodgement dates and obligations
If we’re already lodging on your behalf, registered agent lodgement extensions will automatically apply.
You may have earlier deadlines if you’re lodging activity statements and other forms directly with the ATO. If you need more time to lodge and pay, let us know, and we can help you meet your obligations or arrange a lodgement extension if required.
Some tax return due dates fall within the first quarter of 2023 – talk to us if you’re unsure of your business entity’s tax return due date.
It’s good practice to plan for your lodgement dates, so you’re always ahead with cash flow planning for ATO and superannuation liabilities.
