What is your small business tax calendar?
Your small business tax calendar is an easy-to-use tool that will help you plan and manage your tax obligations and give you timely reminders.
It automatically builds a 12-month schedule tailored to your business lodgment and payment needs.
You can:
- personalise it in around 10 minutes by answering specific questions about your business
- use it to record personal notes and reminders
- update it at any time if you change your business structure or reporting obligations
- print a one-page summary of your tax obligations and due dates for the year to use as a yearly planner
- receive a reminder through Microsoft Outlook or from your computer system when a lodgment or payment is due.
If you run:
- more than one business, you can set up a unique tax calendar for each business
- a bookkeeping service, you can set up a unique tax calendar for each of your clients.
Who can use the tax calendar?
Your small business tax calendar is designed for use by small businesses, including sole traders, with an annual turnover of $2 million or less.
The tax calendar can be used by endorsed charities, deductible gift recipients and non-profit organisations.
The tax calendar is not for:
- businesses with an annual turnover of more than $2 million
- companies involved in overseas shipping, insurance and re-insurance, or controlling non-residents’ money
You should get the latest version of the tax calendar at the beginning of each financial year to ensure you have the latest information for lodgments and payments.
To download the ATO Small Business Tax Calendar go to the ATO website here.