December Quarter Super is due on 28th January 2012

Last day for superannuation guarantee contributions to be made to a superannuation provider for quarter 2 2011-12 (1 October – 31 December).

If an employer does not make the minimum superannuation guarantee contributions for quarter 2 by this date, they must pay the SGC (Superannuation Guarantee Charge) and lodge a Superannuation guarantee charge statement – quarterly by 28 February 2012.

The SGC is not tax deductible.

December BAS due on 28th February 2012

The Business Activity Statement (BAS) is a pre-printed document issued by the ATO on either monthly or quarterly basis. The document summarises the amounts of GST payable and receivable for the relevant period and a range of other taxes including PAYG withholding and ABN withholding. If you don’t submit your BAS on time, you may be subject to a failure to lodge (FTL) penalty.

Monthly PRT due on 16th January 2012

Payroll tax is imposed on an employer’s liable NSW wages minus any threshold entitlement.

An individual employer or a group of related businesses may be liable for payroll tax if the total liable wages throughout Australia, including NSW, exceeds the payroll tax threshold for that year.

Each monthly payment or ‘nil’ remittance is due seven days after the end of each month (i.e. December payment is due by 16 January  due to ATO’s extension) or the next business day if the seventh day is a weekend or public holiday. The annual reconciliation and payment, if applicable, is due by 21 July.

Here at The Quinn Group our experienced team of accountants can help you with all your business’ Accounting issues and needs. For more information submit an online enquiry. If you have received an OSR audit or questionnaire it is vital that you seek professional advice because it is important that all questions be answered accurately. Call us on 1300 QUINNS (784 667) or on +61 2 9223 9166 to book an appointment.