As a tradie, staying on top of your tax and compliance deadlines is crucial to avoiding penalties and keeping your business running smoothly. Let’s take a look at the key tax and compliance deadlines for tradies you can’t miss this month 📅, and how to stay compliant with minimal hassle.
Super Payments – Due Yesterday (28th July)💰
Superannuation payments were due yesterday (28th July). If you haven’t made your payment yet, time is running out ⏳ to avoid costly penalties 💸. It’s essential to pay super for your employees on time to ensure compliance with the ATO’s superannuation guidelines.
If you’re unsure about your superannuation obligations or need help making payments, don’t hesitate to reach out 🙋♂️. We can help get you sorted quickly and avoid unnecessary fees.
Payroll Finalisation – Due 14th July 🧾
Payroll finalisation for the financial year was due on 14th July. If you’ve missed this deadline, it’s crucial to get it done ASAP 🚨. Finalising payroll ensures that your employees receive their correct pay 💸 and entitlements, and it helps you meet your ATO obligations. If you need help with this process, we’re here to guide you every step of the way 🏆.
BAS Lodgement – Due Yesterday (28th July) or 25th August 📊
If you’re lodging your BAS yourself, it was due yesterday (28th July). However, if you’re working with a BAS agent, you’ve got a little more time ⏰. Your due date is 25th August, giving you a bit of breathing room to get everything in order. Check the BAS lodgement dates here.
Make sure you’ve got all your records in place 📑, and if you need any help with the lodgement process, we’re here to ensure you meet your deadlines with ease.
TPAR Lodgement – Due 28th August 🗓️
Tradies, you’re required to lodge your Taxable Payments Annual Report (TPAR) by 28th August. This is a key requirement if you hire subcontractors and pay them for their work 🛠️. The TPAR ensures that the ATO has a record of these payments, helping to keep your business compliant 📊. More details on TPAR can be found on the ATO’s website.
If you’re unsure about whether or not you need to lodge a TPAR, or if you need help preparing the report 📑, get in touch 📞. We can guide you through the process to ensure everything is filed correctly ✅.
Why These Deadlines Matter ⚠️
Meeting these tax and compliance deadlines isn’t just about avoiding penalties – it’s about keeping your business running smoothly 🚚. Late payments or missing lodgements can lead to hefty fines 💰, which can seriously impact your bottom line 📉. But don’t stress – with the right support, you can meet these deadlines without the hassle 💪.
At Tradies Bookkeeping, we’re here to help you navigate these key deadlines and stay on top of your compliance 🧑💻. If you need assistance with super payments, payroll finalisation, BAS lodgement, or TPAR, we’ve got your back 🤝. Reach out today and let’s get your business in order 📝.
