Stay Ahead of Your Obligations: Essential Accounting Deadlines for July 2023

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It’s crucial to stay ahead of the game and ensure you’re well-informed about the upcoming key accounting deadlines for July 2023. In this fast-paced financial world, where time is of the essence, keeping track of your obligations is essential to maintaining a smooth and efficient operation. Whether you’re a seasoned professional or just starting your accounting journey, being aware of these deadlines can help you effectively manage your clients’ financial affairs and meet all necessary regulatory requirements. So, mark your calendars and prepare to conquer the month with confidence, as we guide you through the important accounting deadlines awaiting you in July 2023.

7 July:

  • Employee Share Scheme (ESS): Send ESS statements to employees.

14 July:

  • Single Touch Payroll (STP) Finalisation: Submit the end-of-year finalisation declaration through STP.
  • PAYG Withholding: Issue PAYG withholding payment summaries to employees and other workers for payments not reported through STP.

21 July:

Activity Statements:

  • Submit and pay the Quarter 4 (April-June) PAYG Instalment Activity Statement for head companies of consolidated groups.
  • Submit and pay the June Monthly Activity Statements.
  • Remember to finalise all PAYG instalments before filing your tax return to ensure accurate income tax assessment.

28 July:

Activity Statements:

  • Submit and pay the Quarter 4 (April-June) Activity Statements.
  • PAYG Instalments: Make the final payment and lodgment for Quarter 4 (April-June) instalment notices
  • GST Instalments: Make the final payment and lodgment for Quarter 4 (April-June) instalment notices
  • Superannuation: Pay the super guarantee (SG) contributions for Quarter 4 (April-June) in the previous financial year by this date.

31 July:

  • TFN Report: Lodge the Quarter 4 (April-June) TFN report for closely held trusts.

Remember to cross-check these deadlines with the Australian Taxation Office (ATO) or seek guidance from a qualified tax professional to ensure accuracy and compliance.

If you have any queries in relation to the above, the Kreston Stanley Williamson is here to assist you. Don’t hesitate to reach out and contact us.

Kreston Stanley Williamson

*Correct as of 07 July 2023

*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.

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