muro - Muscillo Romano Accountants
Certified Practising Accountants and Business Advisors
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Key Dates February 2021

21 Feb 2021:

  • Lodge and pay December 2020 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically.

  • Lodge and pay January 2021 monthly business activity statement.

28 FEb 2021:

  • Lodge tax return for non-taxable large/medium entities as per the latest year lodged (except individuals).
    Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.

  • Lodge tax returns for new registrant (taxable and non-taxable) large/medium entities (except individuals).

  • Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.

  • Lodge tax return for non-taxable head company of a consolidated group, including a new registrant, that has a member who has been deemed a large/medium entity in the latest year lodged.

  • Lodge tax return for any member of a consolidated group who exits the consolidated group for any period during the year of income.

  • Lodge tax return for large/medium new registrant (non-taxable) head company of a consolidated group.

  • Lodge and pay Self-managed superannuation fund annual return (NAT 71226) for new registrant (taxable and non-taxable) SMSF, unless they have been advised of a 31 October 2020 due date at finalisation of a review of the SMSF at registration.
    Note: There are special arrangements for newly registered SMSFs that do not have to lodge a return.

  • Lodge and pay quarter 2, 2020–21 activity statement for all lodgement methods.

  • Pay quarter 2, 2020–21 instalment notice (form R, S or T). Lodge the notice only if you vary the instalment amount.

  • Annual GST return – lodge (and pay if applicable) if the taxpayer does not have a tax return lodgement obligation.

  • If the taxpayer does have a tax return obligation, this return must be lodged by the due date of the tax return.

  • Lodge and pay quarter 2, 2020–21 Superannuation guarantee charge statement - quarterly if the employer did not pay enough contributions on time.
    Employers lodging a Superannuation guarantee charge statement - quarterly can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.

    Note: The super guarantee charge is not tax deductible.

PLEASE 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 lodgement or payment falls on a Saturday, Sunday, or public holiday, it may be done on the next business day.

Lisa Bourke