Why this month is the ultimate test for Australian Small Businesses
At Business Genie, we believe that clarity is the best antidote to stress. Here is the breakdown of the major milestones hitting your desk this month:
- 21 February: This is the line in the sand for monthly lodgers. Your January BAS, IAS, and PAYG withholding must be lodged and paid.
- 28 February: This is the “Big One.” It includes the Quarterly BAS (covering October to December) and annual returns for newly registered SMSFs.
- It is a busy time for accounting firms who will be gearing up to work on Fringe Benefit Tax Returns (1 April last year to 31 March FBT year return is due 21 May). You want to be as prepared as possible.
The key takeaway? Don’t wait until the 27th. Start gathering your data now so you can breeze through the month with your head held high.
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