Maclean Partners, Chartered Accountants, Financial Planning, Townsville, Queensland

Selling Your Business

MACLEAN NEWS & UPDATES

2019 - Tax Checklist
To assist in completing your tax return, we have a checklist that will help you with what you need to provide us. Find out more

- Virtual Tour
Take a tour and explore our office Find out more

Key Dates - April 2020

Date	Category	Description

21 Apr 2020	Activity statements	Due date for entities that are not "deferred BAS payers" to lodge and pay monthly activity statements for March 2020. Tax obligations that may be payable include: GST, wine equalisation tax and luxury car tax for March 2020. PAYG withholding: for March 2020 (medium withholders). for the March 2020 quarter (small withholders). PAYG instalment: for March 2020 for monthly PAYG instalment payers. for the March 2020 quarter for quarterly PAYG instalment payers (3rd quarter of the 2019/20 income year). FBT instalment for the March 2020 quarter (4th quarter of the 2020 FBT year). An entity is generally a "deferred BAS payer" for a particular month, if the entity is a small or medium withholder (total annual PAYG withholding $1m or less), is not required to pay GST monthly, and has a quarterly tax obligation due that month (e.g. FBT instalment or GST). The quarterly activity statement due date applies to these entities (28 Apr 2020, or 26 May 2020 if lodged electronically through an agent).

21 Apr 2020	Activity statements	Due date for head companies of consolidated groups to lodge and pay quarterly instalment activity statements for the March 2020 quarter.

28 Apr 2020	Activity statements	Due date to lodge and pay quarterly activity statements for the March 2020 quarter (if lodged on paper). Tax obligations that may be payable include: GST, wine equalisation tax and luxury car tax for the March 2020 quarter. PAYG withholding: for March 2020 (medium withholders). for the March 2020 quarter (small withholders). PAYG instalment for the March 2020 quarter for quarterly PAYG instalment payers (3rd quarter of the 2019/20 income year). FBT instalment for the March 2020 quarter (4th quarter of the 2020 FBT year). The due date to lodge and pay is 26 May 2020 if lodged electronically through a tax agent or BAS agent.

28 Apr 2020	PAYG instalments GST instalments	Due date to pay quarterly PAYG and/or GST instalment notice for the March 2020 quarter (3rd quarter of the 2019/20 income year). Due date to lodge the instalment notice if varying the instalment amount.

28 Apr 2020	TFN/ABN reporting	Due date for investment bodies to lodge quarterly TFN/ABN reports for the March 2020 quarter for new TFN/ABN quotations by investors.

28 Apr 2020	Superannuation	Due date for employers to pay superannuation guarantee contributions for the March 2020 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 May 2020. The SGC is not tax deductible.

30 Apr 2020	Franking account tax return	Due date for New Zealand franking companies (a New Zealand resident company which has made an election to join the Australian imputation system) with a 31 March 2020 year end to lodge the franking account tax return, where any of the following apply: a liability for franking deficit tax a liability for over-franking tax, or an obligation to notify the Commissioner of any significant variation in their benchmark franking percentage between franking periods. New Zealand franking companies should lodge using the Franking account tax return 2019 form with the dates changed.

30 Apr 2020	Superannuation	Due date for APRA-regulated superannuation funds (i.e. not self-managed) and RSA providers to advise the ATO of lost members using the Member Account Attribution Service for the half-year to 31 December 2019.

30 Apr 2020	Superannuation	Due date for lodgement of statements and payment of former temporary residents' unclaimed superannuation.

30 Apr 2020	National rental affordability scheme	End of the National Rental Affordability Scheme (NRAS) year.

30 Apr 2020	TFN reporting	Due date for closely held trusts to lodge quarterly TFN reports for the March 2019 quarter 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.

What our clients say...

"I've known Ross for many years and his team continues to deliver good, wholesome country service" - Read more
- Kym Westcott, Paleo Cafe
"Maclean Partners are very knowledgeable accountants who are always attentive and keen to learn more about how to improve our business. John and his team offer sound advice about tax and general accounting, as well as helping structure and manage the financial aspects of the business to our advantage". - Read more
- Tony Pascoe, NQ Foot and Ankle
"We've worked so hard over the past 10 years to get the business to where it is and sometimes you can't see the forest from the trees. Thanks to the Maclean Partners and the 90 Day Business Challenge, I found each module so helpful and the self-paced online aspect combined with the face to face coaching and workshops worked really well for us. - Read more
- Nelly Evans,Powdercoat Select
"Nelly (my wife) told me she had signed up for some business training and I told her it was a waste of time and money. I wasn't interested in doing it at all because both our businesses are firing on all cylinders, but to show her support, I went along to the first workshop and I was impressed. Nelly and I have been doing a lot of talking, but we realised that we never had the right mindset to take action. - Read more
- Glenn Evans, The Fencing Factory