Lodgement Deadlines – December 2023 - January 2024

As the year draws to a close, businesses and individuals across Australia are gearing up to meet their tax obligations leading into 2024.
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It’s important we mention before going much further to keep in mind the multiple lodgement and payment deadlines coming for you and your business in February and March 2024. We’d urge you to reach out to the Attune team as soon as you can to ensure time-enough to meet your obligations for the first quarter of 2024. There’s nothing quite like being prepared!
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Without further delay however, here are the essential tax lodgement dates for December 2023 and January 2024.

December 2023 Tax Lodgement Deadlines: ATO Guidelines

As December rapidly disappears, keep in mind these key dates (make sure you reach out urgently if you’ve missed any preparation for these dates):
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21st December 2023:

• ‍‍Monthly activity statements for November 2023 due.
• Tax lodgement for taxable large/medium entities as per the latest year lodged (unless the due date is earlier).

28th December 2023:

• ‍‍Quarterly activity statements, including PAYG instalments for the September 2023 quarter (for medium to large taxpayers), due.

January 2024 Tax Lodgement Deadlines: ATO Guidelines

As the new year commences, businesses must stay vigilant about the ATO's tax lodgement deadlines for January 2024. 
Key dates include:

21st January 2024:

• ‍‍Monthly activity statements for December 2023 due.
• Tax lodgement for taxable large/medium entities as per the latest year lodged (unless the due date is earlier).

‍28th January 2024:

• ‍‍Quarterly activity statements, including PAYG instalments for the December 2023 quarter (for medium to large taxpayers), due.

Navigating the Lodgement Process: Tips for Businesses

Staying compliant with tax lodgement deadlines is pivotal for businesses to avoid penalties and ensure smooth operations. Here are some tips to navigate the lodgement process effectively:

‍1. Early Preparation:
Begin preparations well in advance of the deadlines. Ensure all financial records are up-to-date, and collaborate with the Attune Advisory team, for a thorough review. Once again, it’s here we should remind you that the first few months of 2024 contains multiple lodgement and payment deadlines, so please speak with us about your upcoming obligations at your earliest convenience if you haven’t already.
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2. Consult with Attune:
Seek guidance from the Attune team for personalised advice tailored to your business needs. Our expertise can help identify potential deductions and optimise your tax position – it’s what we do best.
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3. Utilise Technology:
Leverage technology and accounting software to streamline the lodgement process. Automation can enhance accuracy and efficiency, reducing the risk of errors. Again, we can help guide your business through the adoption of accounting software and practices that can streamline your activity.
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4. Review and Plan Ahead:
Take this opportunity to review your financial performance for the past year (or even do it in January). Use insights gained to plan ahead strategically and make informed decisions for the coming financial year. This is where our true strength lies – we love helping business grow through tailored, strategic advice.
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As the tax year continues to unfold, let’s explore how we can elevate your business and create a stress-free lodgement experience when those times arise.
 
Get in touch with the Attune team today via email or by calling 1300 866 113 and let's navigate the tax landscape together to set the stage for financial success both for you and your business in the new year.
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