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Remembering your tax obligations on top of running your business can be difficult. To help you, the Tax Office has developed an easy-to-use computer tool that will help you plan and manage your tax obligations and give you timely reminders. Your small business tax calendar automatically builds a 12-month schedule tailored to your business lodgement and payment needs.
You can:
- personalise your calendar in approximately 10 minutes when you answer specific questions about your business
- record personal notes and reminders
- make updates at any time if you change your business structure or reporting obligations
- print a one-page summary of your tax obligations and due dates for the year for you to use as a yearly planner
- receive a reminder through Microsoft Outlook or from your computer system when a lodgment or payment is due.
If you run more than one business, you can set up a unique tax calendar for each business. If you run a bookkeeping service, you can set up a unique tax calendar for each of your clients.
To download your free copy of the tool, visit the Tax Office website www.ato.gov.au
Source: business.gov.au