The ATO has developed a new free computer tool imaginatively called ‘Your small business tax calendar’ (Tax Calendar), to help small businesses (i.e., generally businesses with turnovers of less than $2 million) plan and manage their tax obligations.
It automatically builds a 12-month schedule tailored to small business taxpayers’ lodgment and payment needs, and can be personalised and updated depending on their business structure and reporting obligations.
Importantly, it can provide reminders when a lodgment or payment is due, and businesses can print out a one-page summary of their tax obligations and due dates for the year to use as a yearly planner.
Download the Tax Calendar from the ATO website
If you are interested in this tool and would like help installing and utilising it, please contact us.
