Hope you are enjoying time off and hopefully you are able to be with family and friends at this time. Try to not think about your business, it will be there for you when you return. So relax a little longer, you have until 28 February 2024 to lodge your December 2023 BAS. Every year you get an additional four weeks to lodge the December BAS.

Don’t forget about paying your staff superannuation for the December quarter by the 28th of January 2024.  Your staff super fund needs to receive the funds by this date, we would recommend you actually pay it earlier, i.e. by the 21st of January.

Did you know if you lodge your 2023 tax return through a Registered Tax Agent, you can potentially delay lodging your return until 15 May 2024 without any penalties?  Any payment you need to make when lodging your return does not need to be paid until this date as well.  Sometimes when we prepare clients' tax returns earlier, we calculate them and if they have a large debt, we advise them that they can delay lodgement until May.  Sometimes people need more time to pay. You can’t avoid the debt, however, we can help manage your cash flow by delaying payment where possible.