A quick reminder of upcoming critical dates:

  • 21 June: Lodge and pay May 2017 monthly activity statement.
  • 25 June: Lodge 2017 Fringe Benefits Tax annual return (if lodging electronically).
  • 30 June*: Super guarantee contributions must be paid by this date to qualify for a tax deduction for 2016-17.

* Monies need to be in the super fund as 'Cleared Funds' by June 30 to qualify, so we suggest making payment at least 1-2 weeks prior.

End of 2016-17 financial year, ensure you have written off any bad debts and obsolete stock, incurred all possible business expenses, considered whether to raise or delay invoices, made any deductible prepayments and made use of the $20k new asset write off.