Key dates in June
30 June is EOFY. All new transactions from 1 July go into your FY23 books. The next month of your EOFY calendar will focus on closing out Q4 obligations.
Key dates in July
With your Q4 reports squared away in July, your EOFY calendar will now shift focus to annual reporting. That means getting things ready for your tax agent.
Key dates in August
Ensure your FY22 books show every transaction. Make copies of every receipt and invoice ready to give to your tax agent.
Key dates in September
Schedule your tax agent to work on your return.
It's a good idea to get your books and documentation tidy before involving a professional. Otherwise they'll need to spend heaps of extra time on your accounts, and EOFY could end up being costly.
Find a tax agent
Key dates in October
Whether you have a tax agent or not, before working on your tax return make sure you:
- check your books for mistakes
- have run a profit-and-loss report and balance sheet
There are multiple PAYG withholding annual reports due at this time. You can find out more from the ATO.
15 May 2023 is the deadline for your tax agent to lodge your return.