Important Year End Tax Considerations

Following are some of important considerations to review and action;

  • Document trust resolutions and dividend declarations before 30 June 2023
  • Review and finalize Single Touch Payroll (STP) declarations by 14 July 2023 or the relevant closely held payee due date
  • Correct any superannuation guarantee errors by lodging and paying the Superannuation Guarantee Charge (SGC) statement
  •  Lodge Taxable Payments Annual Reports (TPAR) by 29 August 2023
  • Temporary full expensing is also ending this year, so clients who may wish to make last‑minute purchases that can be installed and ready for use by 30 June 2023.
  • ATO now collects loans information from banks or other lenders directly as data matching exercise against Rental or investment properties, including loan balance, interest charged, address, names etc. etc., so client are advised to take extra care when providing your loans or interest paid information for preparation of your tax returns or financial statements.


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