Answer to Question #79008 in Finance for Owen Marsden

Question

Why is adherence to ATO reporting deadlines important?

Answer 1

When things get busy in your business, it’s easy for due dates to sneak up on you. Keeping on top of due dates can help you keep your business running smoothly.
We can help you find out about key due dates for your business, including:
• when to lodge your tax return
• when to lodge business activity statements (BAS)
• when to pay and report if you employ staff or have other workers
• easy ways to manage key dates for tax and super
• key dates for other registrations.
Just as individuals need to report their earnings to the ATO on a tax return, so does your business, even if there is no tax to pay.