The Australian Taxation Office has announced the following key dates to look out for in May 2024.
15 May
Lodge 2023 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups) and are not eligible for the 5 June concession.
Due date for companies and super funds to pay if required.
Catch up contributions may be available to taxpayers who have a total balance in superannuation of less than $500,000 at the end of the previous financial. If they qualify, they may be able to utilize their unused concessional contributions cap and make catch up concessional contributions. These measures were introduced in 2018 and the first year a member may make a catch-up contribution was the 2019/2020 financial year. Five years is the maximum any unused contribution cap amounts can be…
As your business scales, the complexity of your systems, data, and management information will grow at a similar pace. And if you’re using software, apps, and systems that are aimed squarely at the small business market, these platforms may begin to creak at the seams a little. This is when moving to an enterprise resource planning (ERP) solution makes a lot of sense. But what is an ERP solution? And how does upgrading to one of the current breed of…
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