As we dive into another tax year, it’s essential to stay up-to-date with key ATO deadlines. This helps ensure compliance and prevents any last-minute scrambles. Let’s explore the important tax cutoffs for individuals and businesses in 2024.

Important Dates for Individuals:

  • May 15, 2024 – Tax Agent Lodgement Deadline: Tax agents have until May 15 to submit returns for the 2023 financial year electronically, giving them enough time for careful review.
  • June 30, 2024 – End of Financial Year: June 30 marks the end of the financial year. Getting your tax depreciation schedule invoice before this date ensures you can claim it on this year’s taxes.
  • July 21, 2024Online Tax Returns Processed: Most online returns are processed by this date, and rebates are issued accordingly.
  • October 31, 2024 – Individual Tax Return Deadline: For those who don’t use tax agents, October 31 is the deadline to submit tax returns, so it’s important to gather all necessary documents beforehand.

Important Dates for Australian Businesses:

Quarterly Business Activity Statement Deadlines:

  • February 28, 2024 – Q4 2023 (October to December 2023)
  • May 12, 2024 – Q1 2024 (January to March 2024)
  • August 11, 2024 – Q2 2024 (April to June 2024)
  • November 11, 2024 – Q3 2024 (July to September 2024)

Fringe Benefits Tax:

  • May 21, 2024 – FBT Return Deadline: Employers must submit their 2023 FBT returns by May 21, covering non-wage benefits provided to employees.

Keeping track of ATO tax deadlines is crucial to follow regulations and avoid penalties. Make sure to mark these dates on your calendar and consider seeking professional help for a smooth tax return process. And remember to gather all necessary documents well in advance to avoid any last-minute rushes.

How can Archi-QS support you during tax time?

We’re experts in preparing tax depreciation reports, with over three decades of experience. As registered tax agents, members of the Tax Practitioners Board (TPB) and of the Australian Institute of Quantity Surveyors (AIQS), we prepare our reports in compliance with the industry standards and guidelines.

In addition, we provide Australia Wide reports, ensuring coverage across the country. Our fees are 100% tax deductible, offering you financial benefits. With our commitment to efficiency, we guarantee a fast turnaround on all reports. Plus, our comprehensive service includes 40 years’ depreciation in one report.

To learn more about how our reports can be an asset to you, visit our FAQ page. If you’re ready to save thousands of dollars with our tax depreciation report, e-mail us at providing your property’s address and we will get back to you promptly.