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TZID:Australia/Melbourne
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DTSTART:20260404T160000
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DTSTART;VALUE=DATE:20260428
DTEND;VALUE=DATE:20260429
DTSTAMP:20260514T083930
CREATED:20250625T130754Z
LAST-MODIFIED:20250625T130754Z
UID:22584-1777334400-1777420799@prudentaccountants.com.au
SUMMARY:Quarterly BAS\, IAS & Superannuation Guarantee
DESCRIPTION:🧾 Quarterly BAS\, IAS & Superannuation Guarantee\nIn Australia\, many small to medium-sized businesses and employers report and pay their tax obligations on a quarterly basis. This includes: \n\n     Business Activity Statements (BAS) — for GST and PAYG instalments\n     Instalment Activity Statements (IAS) — for PAYG instalments or withholding (where not registered for GST)\n     Superannuation Guarantee (SG) contributions — for employee super\n\n📆 Quarterly Reporting Periods & Due Dates\n\n\n\n\n\nQuarter\nReporting Period\nDue Date\n\n\n\n\nQ1\n1 July – 30 September\n28 October\n\n\nQ2\n1 October – 31 December\n28 February\n\n\nQ3\n1 January – 31 March\n28 April\n\n\nQ4\n1 April – 30 June\n28 July\n\n\n\n\n\nImportant: If any of the due dates fall on a weekend or public holiday\, the deadline is moved to the next business day.\n\n\n📄 What Must Be Reported\n1. BAS (Business Activity Statement): \n\n      GST (Goods and Services Tax) collected and paid\n      PAYG Instalments (business income tax prepayments)\n      PAYG Withholding (if you withhold tax from employee wages)\n     Other taxes (e.g. FBT instalments\, luxury car tax if applicable)\n\n2. IAS (Instalment Activity Statement): \n\n     Used by businesses that do not report GST\n     Primarily covers PAYG instalments and PAYG withholding\n\n3. Superannuation Guarantee (SG): \n\n     Employers must make SG contributions\n     Due quarterly by the same dates as BAS\n      Must be paid and received by the employee’s super fund by the deadline\n\n⚠️ Penalties for Late Lodgment or Payment\n\n     Failure to Lodge (FTL) penalty: From $313 per 28-day period late (per obligation)\, up to $1\,565 for small businesses.\n     Super Guarantee Charge (SGC): If SG is paid late\, it becomes non-deductible and attracts interest and admin fees.\n     General Interest Charges (GIC): Applied to late payments.\n\n✅ Tips to Stay Compliant\n\n     Use accounting software (like Xero\, MYOB\, or QuickBooks) to automate reminders and pre-fill BAS data.\n     Ensure payroll systems are up to date for accurate SG and PAYG reporting.\n     Lodge electronically for faster processing and confirmations.\n     Work with a registered tax or BAS agent to gain extra time for lodgment if needed.
URL:https://prudentaccountants.com.au/event/quarterly-bas-ias-superannuation-guarantee-4/
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